Distributed Natural Gas Fuelled Generation Market – Global Industry Analysis and Forecast (2018-2026)
Distributed Natural Gas Fuelled Generation Market was valued US $18.95 Bn in 2017 and is estimated to reach US $32.50 Bn by 2026 at a CAGR of about 6.1% during a forecast period.
Distributed natural gas-fuelled generation technology is cleaner than diesel or coal-fuelled generation and unlike renewable, does not depend on the wind or solar energy for the production of power. Factors such as stringent environmental standards to diminish carbon footprint, demand for reliable power, and decrease in costs of onsite generation relative to alternatives like grid power is anticipated to fuel market growth in future. The distributed natural gas-fuelled generation market is expected to witness an upsurge in the adoption of fuel cell technologies, owing to rise in usage of cleanest fossil-fuelled natural gas in the power generation sectors. The increase in use of distributed natural gas-fuelled generation in gas fields will raise the future market over the forecast period.
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Distributed natural gas-fuelled generation market is segmented into technology, end-user, and region. On the basis of technology, High growth of natural gas segment can be attributed to suitability for remote areas coupled with their effective solution for growing energy demand and tackling power shortages. Micro turbines are anticipated to emerge as one of the fastest growing segment and reach a net worth of US$ 2.15 billion by 2026.
Based on end-user, Industries are in need of constantly power supply to maintain the flow of the process. Power voltage and outages drop not only affect the step of work but also lead to malfunctioning of equipment which leads to operational and monetary loss. Building & institutional segment is expected to emerge as fastest growing segment and reach a net worth of US$ 9.01 billion by 2026 owing to the expansion of cities, particularly in emerging economies.
In terms of region, Asia Pacific is one of the dominated market for the Distributed natural gas-fuelled generation market followed by North America, Europe. Clean Development Mechanism have been introduced particularly for the manufacturing sector to reduce global warming potential. These crucial factors are expected to favor market growth in the region.
Key Players Profiled and Analised in the Report
General Electric, MWM GmbH, ABB Group, Cummins Inc, Plug Power System, Shandong Lvhuan Power Equipment Co., Ltd. , Redox Power Systems.
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Scope of Distributed Natural Gas Fuelled Generation Market
Distributed Natural Gas Fuelled Generation Market by Technology
• Natural Gas Gensets
• Micro Turbines
• Stationary Fuel Cells
Distributed Natural Gas Fuelled Generation Market by End-User
• Residential
• Commercial & Industrial
• Building & Institutional
Distributed Natural Gas Fuelled Generation Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players in the Distributed Natural Gas Fuelled Generation Market
• General Electric
• MWM GmbH
• ABB Group
• Cummins Inc
• Plug Power System
• Shandong Lvhuan Power Equipment Co., Ltd.
• Redox Power Systems
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MAJOR TOC OF THE REPORT
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Distributed Natural Gas-Fuelled Generation Market Size, by Market Value (US$ Mn) and Market, by Region
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
4.3.7. Key Trend in Global Distributed Natural Gas Fuelled Generation Market
5. Global Distributed Natural Gas-Fuelled Generation Market Analysis and Forecast
5.1. Global Distributed Natural Gas-Fuelled Generation Market Analysis and Forecast
5.2. Global Distributed Natural Gas-Fuelled Generation Market Size& Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America
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