Global Low and Medium Capacity Gas Generator Market 2019-2023 | Introduction of Bi-Fuel Technology in Generators to Boost Demand | Technavio

The global low and medium capacity gas generator market is expected to post a CAGR of over 8% during the period 2019-2023, according to the latest market research report by Technavio.

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A key factor driving the growth of the global low and medium capacity gas generator market is the expanding natural gas pipeline networks. The number of natural gas pipeline projects is increasing, especially in developing countries such as India. By 2022, India plans to double its natural gas production and associated pipeline infrastructure. This will be closely followed by other countries such as Canada, China, Nigeria, and India. The completion of the planned projects in these key countries will lead to the development of more natural gas pipeline projects. This will be driven by the demand for natural gas and the focus on the adoption of natural gas for power generation for prime and backup power generation. This is expected to propel the market during the forecast period.

This market research report on the global low and medium capacity gas generator market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the introduction of bi-fuel technology in generators as one of the key emerging trends in the global low and medium capacity gas generator market:

Global low and medium capacity gas generator market: Introduction of bi-fuel technology in generators

Generators that have higher power output generally use diesel as a fuel. However, fluctuating diesel prices prove to be a challenge for diesel generator owners, especially for the enterprises. This creates the need for a technology that can incorporate the benefits of both the fuels. Thus, several engine manufacturers are investing in the development of engines that run both on diesel and CNG. Technological advances have led to the discovery of bi-fuel systems that enable diesel engines to run on CNG, without making prominent and permanent changes in the engine. This is expected to fuel the growth of the market during the forecast period.

“The demand for rental equipment, including generators, has been growing in recent years. Renting or leasing generator equipment is a cost-efficient alternative to purchase, especially on a short-term basis. The growth in equipment rental activities will adversely affect the generator sales for manufacturers. This is expected to become a challenge for the market during the forecast period,” says a senior analyst at Technavio for research on engineering tools.

Global low and medium capacity gas generator market: Segmentation analysis

This market research report segments the global low and medium capacity gas generator market by applications (stationery and portable), by end-user (residential, commercial, and industrial) and by geographical regions (APAC, EMEA, and the Americas).

The Americas region led the market in 2018 with a market share of over 38%, followed by EMEA and APAC respectively. Although the APAC held the smallest share of the market in 2018, it is expected to register the highest incremental growth during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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