Global Gas Genset Market 2018-2024: Market Forecast By KVA Ratings, Applications, Regions, Key Countries, and Competitive Landscape - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Global Gas Genset Market (2018-2024): Market Forecast By KVA Ratings, By Applications, By Regions, By Key Countries, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
The Global Gas Genset market is projected to grow at a CAGR of 5.6% during 2018-24.
Growing demand for gensets in power plants, oil & gas fields, the rapid growth of industrial sector across various countries as well as low operational cost are the key factors which are driving the growth over the past few years. Furthermore, exploration of newer and proven natural gas reserves in the African countries, Russia, the United States, Azerbaijan and Turkey are further leading to the development of gas infrastructure for subsequent supply to other parts of the world.
Widening electricity demand-supply gap, rising industrialization, low operational cost as well as growing demand for clean and reliable power supply and expansion of gas pipeline infrastructure by several countries such as China, the United States, Russia and India would drive the growth for gas gensets in several regions of the world.
Moreover, high power losses in many Asian and Latin American countries due to inefficient power generation infrastructure would also surge the demand for efficient power backup equipment such as gensets over the years to come. Upcoming projects such as Google Data Centre, Facebook Data Centre and FBI Data Centre would also drive the demand for gas gensets in the commercial sector.
By KVA Ratings:Up to 100 KVA 100.1-375 KVA 375.1-1000 KVA Above 1000 KVA
By Applications:Residential Industrial (Manufacturing and Production) Commercial (Offices, museum, hospitality, retail, education, Data Centre etc.) Power & Energy (Oil & gas, Electricity) Others (Transportation Infrastructure, educational buildings, government buildings, agriculture etc.)
Companies MentionedAPR Energy Limited Briggs & Stratton Corporation Caterpillar Inc. Cummins Inc. Facebook FBI GE Power Generac Power Systems, Inc Google HIMOINSA S.L. Kohler Power Systems MTU Onsite Energy Corporation Wrtsil Corporation
For more information about this report visit https://www.researchandmarkets.com/research/jcwzhd/global_gas_genset?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005827/en/
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INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/03/2018 01:11 PM/DISC: 12/03/2018 01:11 PM