Distributed Natural Gas-Fueled Generation Global Market Is Expected To Grow At A Rate Of Almost 11% Through 2023 – 2027
30 Jun, 2023
The global distributed natural gas-fueled generation market size is expected to grow from $27.35 billion in 2022 to $30.15 billion in 2023 at a compound annual growth rate (CAGR) of 10.25%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global distributed natural gas-fueled generation market size is expected to reach $45.26 billion in 2027 at a CAGR of 10.68%.
Global Distributed Natural Gas-Fueled Generation Market Key Driver
The rising usage of natural gas is expected to propel the growth of the distributed natural gas-fueled generation market going forward. Natural gas is a naturally occurring flammable gas that can be utilised as a fuel or an energy source for a variety of purposes, including heating, cooking, transportation, and power generation. Natural gas is mostly utilised for heating and electricity generation, but it is also employed in other consumer sectors. Natural gas is used to generate useful heat output and electricity in fuelled production.
Get a sample of the global distributed natural gas-fueled generation market reportGlobal Distributed Natural Gas-Fueled Generation Market Segments
The global distributed natural gas-fueled generation market is segmented:
1) By Technology: Natural Gas Gensets, Micro Turbine, Stationary Fuel Cells
2) By Scale: Microgeneration, Small-Scale Generation, Medium-Scale Generation, Large-Scale Generation
3) By End User: Residential, Commercial And Industrial, Building And Institutional
4) By Geography: The regions covered in the distributed natural gas-fueled generation market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global distributed natural gas-fueled generation market.
Major Distributed Natural Gas-Fueled Generation Industry Players
General Electric Company, MWM GmbH, ABB Group, Cummins Inc., Plug Power System Inc., Shandong Lvhuan Power Equipment Co. Ltd., Redox Power Systems, Caterpillar Inc., Generac Power Systems, Mitsubishi Heavy Industries Ltd., Kohler Co. Inc., MTU Onsite Energy GmbH, Mahindra Powerol, Yanmar Co. Ltd., Coopercorp Generators
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Distributed Natural Gas-Fueled Generation Market Overview
Distributed natural gas-fueled generation refers to the pipelines used for distribution as well as the metering and regulating apparatus at metering-regulating stations that are run by a local distribution company operating within a single state and governed as a separate operating company by a public utility commission or that are run as an independent municipally owned distribution system.
Distributed Natural Gas-Fueled Generation Global Market Report 2023 provides data on the global distributed natural gas-fueled generation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The distributed natural gas-fueled generation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.