Global Distributed Natural Gas-Fueled Generation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Distributed Natural Gas-Fueled Generation Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global distributed natural gas-fueled generation market report has been segmented on the basis of technology, end use, and region.
Global Distributed Natural Gas-Fueled Generation Market: Overview
Distributed natural gas-fueled generation refers to energy generation with the use of natural gas as fuel by cold and hot way. Distributed natural gas-fueled generation is cleaner than coal-fueled or diesel generation and not depends on solar or wind energy for the power production.
Global Distributed Natural Gas-Fueled Generation Market: Dynamics
Favorable government initiatives and policies to use natural gas as a generator fuel is estimated to boost the global distributed natural gas-fueled generation market. In addition, various benefits offered by DNGG including increasing natural gas usage, reduction or low carbon emissions, and other advantages, are estimated to fuel the target market. In addition, increasing investments in the power sector to manufacture distributed generation technologies and increasing research & development activities to use fuel cell technologies for transportation and other portable applications which projected to bolster demand for distributed natural gas-fueled generation and drives growth of the global market over the forecast period. Need for reliable power and reducing costs of onsite generation than grid power are some factors anticipated to propel the growth of the market.
Recent trend observed in the target market is people are adoption of fuel cell technologies, due to rising usage of natural gas, which is giving a new way for growth of the market. In addition, manufacturers are focusing to develop advanced fuel cell technologies and produce clean energy sources to grow in the target market.
However, high volatility in natural gas prices may restrain the growth of the distributed natural gas-fueled generation market
Global Distributed Natural Gas-Fueled Generation Market: Segment Analysis
Among the technology segments, the natural gas gensets segment is expected to dominate the target market over the forecast period.
Among the end use segments, the commercial & industrial segment registered a substantial growth rate.
Global Distributed Natural Gas-Fueled Generation Market: Regional Analysis
The market in Europe accounts for substantial market share in the global market and is estimated to maintain its dominance over the forecast period. According to Energy Efficiency Directive, Europe aims to achieve 20% efficiency target by the end of 2020, which is expected to motivate key players to employ distributed natural gas-fueled generators in the upcoming period. In addition, according to European Commission 2020 Climate & Energy Strategy, the nation aims to reduce greenhouse emissions and utilize sustainable methods.
North America contributes a substantial revenue share to the target market. Government norms for green energy consumption in the US and Canada is projected to contribute to growth of the target market. Furthermore, increasing Infrastructure development activities in India and China coupled with favorable government initiatives and policies to adopt DNGG are expected to drive growth of the target market in the near future. In addition, increasing usage of distributed natural gas-fueled generation in residential and commercial sector is projected to boost DNGG demand in the region.
Global Distributed Natural Gas-Fueled Generation Market Segmentation:
Segmentation by Technology:
- Natural gas gensets
- Micro turbine
- Stationary fuel cells
Segmentation by End Use:
- Building & Institutional
- Commercial & Industrial
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cummins, Inc.
- Shan Dong Lvhuan Power Equipment CO., LTD
- MWM GmbH
- ABB Group
- General Electric
- Redox Power Systems, LLC
- Plug Power Inc.
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