UK Natural Gas Generator Market Size & Outlook, 2021-2030
UK natural gas generator market, 2018-2030 (US$M)
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UK natural gas generator market highlights
- The UK natural gas generator market generated a revenue of USD 399.0 million in 2021 and is expected to reach USD 1,076.8 million by 2030.
- The UK market is expected to grow at a CAGR of 11.7% from 2022 to 2030.
- In terms of segment, low power gensets was the largest revenue generating power rating in 2021.
- Medium Power Gensets is the most lucrative power rating segment registering the fastest growth during the forecast period.
Natural gas generator market data book summary
| Market revenue in 2021 | USD 399.0 million |
| Market revenue in 2030 | USD 1,076.8 million |
| Growth rate | 11.7% (CAGR from 2021 to 2030) |
| Largest segment | Low power gensets |
| Fastest growing segment | Medium Power Gensets |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Power Gensets, Medium Power Gensets, HighPower Gensets |
| Key market players worldwide | Caterpillar Inc, Cummins Inc, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd, Kohler, GE Aerospace, MTU Onsite Energy, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, UK accounted for 5.6% of the global natural gas generator market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany natural gas generator market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,435.3 million by 2030.
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Natural Gas Generator Market Scope
Natural Gas Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK natural gas generator market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to natural gas generator market will help companies and investors design strategic landscapes.
Low power gensets was the largest segment with a revenue share of 41.6% in 2021. Horizon Databook has segmented the UK natural gas generator market based on low power gensets, medium power gensets, highpower gensets covering the revenue growth of each sub-segment from 2018 to 2030.
The UK natural gas generator sets market is one of the major markets of the European region. The UK holds one of the largest data centers among the European countries. Factors such as growth of manufacturing sector in the past and rise in the number of data centers across the UK are expected to drive the market in the country.
In addition, increase in the number of commercial and office buildings across the country is another major factor that is anticipated to drive the demand for natural gas generators sets across the country. Awareness regarding the requirement of emergency power generation systems in case of disasters such as flooding, and blackout is further expected to impact the market positively over the forecast period.
Low-power genset is the dominant power rating segment in the UK natural generator market owing to their rising demand in residential and small-size commercial buildings. Moreover, medium power genset segment is expected to advance at the fastest rate owing to the expected rise in manufacturing sector post clarification in business rules and regulations after Brexit.
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Our clientele includes a mix of natural gas generator market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK natural gas generator market , including forecasts for subscribers. This country databook contains high-level insights into UK natural gas generator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK natural gas generator market size, by power rating, 2018-2030 (US$M)
UK Natural Gas Generator Market Outlook Share, 2021 & 2030 (US$M)
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