Gas genset comprises of a gas engine and generator. The engine is used to convert the chemical energy of a fuel to mechanical energy and uses that energy to spin the alternator rotor, which helps in producing electrical energy. The alternator comprises of various components, including rotor, stator, fuel day tank, basecamp, cooling system, and an enclosure, if needed. Gensets is used to provide energy in geographical areas with regular power outages or area that are not connected to the power grid. Therefore, genset can be used as a main source of energy or as a supplementary source of power. They are environment friendly and produces less amount of carbon, sulfur, and nitrogen emissions.

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Key Players of the Global Gas Genset Market

The global gas genset market report provides an overview of the leading players in the market, including General Electric, Cummins Inc., Generac Power Systems Inc., Caterpillar, ABB, Siemens AG, Himoinsa, Rolls-Royce Power Systems AG, Wartsila, and Sudhir, among others.

The significant factors responsible for the growth of the gas genset market size include the improving efficiency of gas gensets as compared to diesel gensets and its lower operational cost. The accelerating electricity demand-supply gap and growing carbon emission across the globe, is promoting the end-users to opt for gas gensets for a continuous supply of electricity. Gas genset is mainly used across several industries, such as transportation & communication, healthcare & pharmaceutical industries, and in water treatment plants as a back-up resource during a power outage or grid failure.

The increasing usage of gas gensets in numerous applications is projected to drive the growth of the gas genset market. Furthermore, the growing environmental concerns, rising awareness about greenhouse gas emission, and increasing fluctuation in oil & gas industries will further energize the demand of the global gas genset market. On the other hand, the limited availability of gases and the disruption of gases during the natural calamities are likely to hamper the growth of the global gas genset market.

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Market Segmentation

Global Gas Genset Market Report Segment by Fuel:

• Natural Gas
• Biogas
• Others

Global Gas Genset Market Report Segment by Power Rating:

• Up to 100 KVA
• 100-350 KVA
• 350-1000 KVA
• Above 1000 KVA

Global Gas Genset Market Report Segment by Application:

• Standby
• Peak Shaving
• Continuous

Global Gas Genset Market Report Segment by Application:

• Residential
• Industrial
• Commercial
• Others

Global Gas Genset Market Report Segment by Region:

• North America

• • United States of America
  • Canada

• Asia Pacific

• • China
  • Japan
  • India
  • Rest of APAC

• Europe

• • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe

• RoW

• • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of the world (remaining countries of the LAMEA region)

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