Distributed Natural Gas Fueled Generation Market To Reach $160.18 Billion By 2030

Distributed Natural Gas Fueled Generation Market Growth & Trends

The global distributed natural gas fueled generation market is expected to reach USD 160.18 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing government initiatives to promote the use of natural gas as a generator fuel especially in emerging markets of China, and India is expected to boost the global market.  In addition, various benefits offered by DNGG, such as low carbon emissions, increasing natural gas usage, and other operational benefits,  are expected to steer the market growth over the forecast period.

There are huge investments in the power sector to develop the distributed generation technologies by emerging companies. At the same time, they are in need of high technologies, which will act as a substitute for current methods like diesel or coal generation.

The companies R&D facilities of hydrogen and fuel cell focuses on integrating, developing, and demonstrating hydrogen storage, delivery and production and also on using fuel cell technologies for stationary, transportation, and portable applications to differentiate their product from their competitor.

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Distributed Natural Gas Fueled Generation Market Report Highlights

• The turbine gas segment is anticipated to witness the fastest CAGR during the forecast period. The growing emphasis on reducing greenhouse gas emissions and improving energy efficiency is contributing to the growth of gas turbines.

• The commercial & industrial application segment dominated the market in 2023. The increasing emphasis on energy efficiency, economic advantage, and environmental sustainability are the key growth factors for the dominance of the segment.

• North America distributed natural gas fueled generation market dominated the market and accounted for revenue of 33.2% in 2023. Asia Pacific distributed natural gas-fueled generation is anticipated to witness the fastest CAGR during the forecast period. Rapid industrialization, urbanization, and a growing focus on reducing carbon emissions are the key factors fueling the growth of regional market.

Distributed Natural Gas Fueled Generation Market Segmentation

Grand View Research has segmented the global distributed natural gas fueled generation market report based on type, application, and region:

Distributed Natural Gas Fueled Generation Type Outlook (Revenue, USD Million, 2018 - 2030)

• Internal Combustion Engine Gas

• Turbine Gas

Distributed Natural Gas Fueled Generation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial & Industrial

Distributed Natural Gas Fueled Generation Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • Russia

  • UK

  • Spain

  • Italy

  • France

• Asia Pacific

  • China

  • Japan

  • South Korea

  • India

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in the Distributed Natural Gas Fueled Generation Market

• General Electric Company

• Siemens

• Caterpillar

• Rolls-Royce

• Wärtsilä

• Cummins Inc.

• MAN Energy Solutions

• Kawasaki Heavy Industries, Ltd.

• MITSUBISHI HEAVY INDUSTRIES, LTD. (Mitsubishi Power, Ltd.)

• Doosan Corporation