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PUBLISHER: Grand View Research | PRODUCT CODE: 1678532

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PUBLISHER: Grand View Research | PRODUCT CODE: 1678532

Natural Gas Generator Market Size, Share & Trends Analysis Report By Type (Low Power Genset, Medium Power Genset), By Application (Industrial, Residential, Commercial), By Region, And Segment Forecasts, 2025 - 2030

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Description

Table of Contents

List of Tables

Natural Gas Generator Market Growth & Trends:

The global natural gas generator market size is estimated to reach USD 18.67 billion by 2030, registering a CAGR of 11.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing demand for backup power coupled with increasing government regulation to reduce the carbon emission caused by diesel genset is likely to strengthen the growth of the market during the forecast period.

The global electricity demand is anticipated to witness an increase of nearly two-thirds of the current demand during the forecast period. The current availability of natural gas in large quantities and its relatively lower prices, especially in regions, such as North America and Europe, has led to an increase in power generation using natural gas. Increasing focus on electricity generation through cleaner sources and environmental concerns arising from diesel gensets are the factors anticipated to increase the share of natural gas generators set in the coming years.

Conventional gensets, such as diesel gensets, emit harmful gases, including nitrogen oxide, hydrocarbons, and carbon monoxide, due to the combustion of diesel. As a result, different regulatory bodies have imposed strict regulations and thus making it difficult for diesel generators to be used. This has led to the growth of eco-friendly alternatives to diesel gensets, such as natural gas gensets.

Emerging economies in the Asia-Pacific region, such as India, China, Japan, and others, have witnessed strong growth in their commercial sectors. The growth of demand for natural gensets over diesel gensets for backup power applications is owing to the increasingly stringent government regulations to curb greenhouse gas emissions caused by diesel gensets.

Natural Gas Generator Market Report Highlights:

  • The low power gensets segment accounted for a prominent share and accounted for the largest revenue share of 43.5% in 2024.
  • For the application segment, The commercial sector led the market with the highest revenue share of 45.8% in 2024, primarily driven by the increasing demand for reliable and clean energy solutions.
  • North America accounted for the largest market share in 2024. The abundance of natural gas in the U.S. coupled with developed infrastructure for transportation of natural gas within the country has played a vital role in driving the demand for gas generator sets in the U.S.
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Product Code: GVR-3-68038-936-4

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Insights
  • 2.2. Segmental Outlook
  • 2.3. Competitive Outlook

Chapter 3. Natural Gas Generator Market Variables, Trends & Scope

  • 3.1. Global Natural Gas Generator Market Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Average Price Trend Analysis
  • 3.4. Supply-Demand Gap Analysis, 2024
  • 3.5. Regulatory Framework
    • 3.5.1. Policies and Incentive Plans
    • 3.5.2. Standards and Compliances
    • 3.5.3. Regulatory Impact Analysis
  • 3.6. Market Dynamics
    • 3.6.1. Market Driver Analysis
    • 3.6.2. Market Restraint Analysis
    • 3.6.3. Industry Challenges
  • 3.7. Porter's Five Forces Analysis
    • 3.7.1. Supplier Power
    • 3.7.2. Buyer Power
    • 3.7.3. Substitution Threat
    • 3.7.4. Threat from New Entrant
    • 3.7.5. Competitive Rivalry
  • 3.8. PESTEL Analysis
    • 3.8.1. Political Landscape
    • 3.8.2. Economic Landscape
    • 3.8.3. Social Landscape
    • 3.8.4. Technological Landscape
    • 3.8.5. Environmental Landscape
    • 3.8.6. Legal Landscape

Chapter 4. Natural Gas Generator Market: Type Outlook Estimates & Forecasts

  • 4.1. Natural Gas Generator Market: Type Movement Analysis, 2024 & 2030
    • 4.1.1. Low Power Gensets
      • 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 4.1.2. Medium Power Gensets
      • 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 4.1.3. High Power Gensets
      • 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)

Chapter 5. Natural Gas Generator Market: Application Outlook Estimates & Forecasts

  • 5.1. Natural Gas Generator Market: Application Movement Analysis, 2024 & 2030
    • 5.1.1. Industrial
      • 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.2. Commercial
      • 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 5.1.3. Residential
      • 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)

Chapter 6. Natural Gas Generator Market Regional Outlook Estimates & Forecasts

  • 6.1. Regional Snapshot
  • 6.2. Natural Gas Generator Market: Regional Movement Analysis, 2024 & 2030
  • 6.3. North America
    • 6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
    • 6.3.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.3.4. U.S.
      • 6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.3.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.3.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.3.5. Canada
      • 6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.3.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.3.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.3.6. Mexico
      • 6.3.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.3.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.3.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.4. Europe
    • 6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
    • 6.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.4.4. Germany
      • 6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.4.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.4.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.4.5. Russia
      • 6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.4.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.4.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.4.6. UK
      • 6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.4.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.4.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.4.7. France
      • 6.4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.4.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.4.7.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.5. Asia Pacific
    • 6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
    • 6.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.5.4. China
      • 6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.5.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.5.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.5.5. India
      • 6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.5.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.5.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.5.6. Japan
      • 6.5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.5.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.5.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.5.7. South Korea
      • 6.5.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.5.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.5.7.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.6. Latin America
    • 6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
    • 6.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.6.4. Brazil
      • 6.6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.6.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.6.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.6.5. Argentina
      • 6.6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.6.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.6.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
  • 6.7. Middle East & Africa
    • 6.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
    • 6.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
    • 6.7.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.7.4. UAE
      • 6.7.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.7.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.7.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
    • 6.7.5. Saudi Arabia
      • 6.7.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
      • 6.7.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
      • 6.7.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Vendor Landscape
    • 7.2.1. Company Categorization
    • 7.2.2. List of Key Distributors and Channel Partners
    • 7.2.3. List of Potential Customers/End Users
  • 7.3. Competitive Dynamics
    • 7.3.1. Competitive Benchmarking
    • 7.3.2. Strategy Mapping
    • 7.3.3. Heat Map Analysis
  • 7.4. Company Profiles/Listing
    • 7.4.1. Cummins Inc.
      • 7.4.1.1. Participant's Overview
      • 7.4.1.2. Financial Performance
      • 7.4.1.3. Product Benchmarking
      • 7.4.1.4. Strategic Initiatives
    • 7.4.2. Caterpillar Inc.
      • 7.4.2.1. Participant's Overview
      • 7.4.2.2. Financial Performance
      • 7.4.2.3. Product Benchmarking
      • 7.4.2.4. Strategic Initiatives
    • 7.4.3. Kohler co. Inc.
      • 7.4.3.1. Participant's Overview
      • 7.4.3.2. Financial Performance
      • 7.4.3.3. Product Benchmarking
      • 7.4.3.4. Strategic Initiatives
    • 7.4.4. Mitsubishi Heavy Industries, Ltd
      • 7.4.4.1. Participant's Overview
      • 7.4.4.2. Financial Performance
      • 7.4.4.3. Product Benchmarking
      • 7.4.4.4. Strategic Initiatives
    • 7.4.5. MTU Onsite Energy
      • 7.4.5.1. Participant's Overview
      • 7.4.5.2. Financial Performance
      • 7.4.5.3. Product Benchmarking
      • 7.4.5.4. Strategic Initiatives
    • 7.4.6. Generac Power Systems, Inc.
      • 7.4.6.1. Participant's Overview
      • 7.4.6.2. Financial Performance
      • 7.4.6.3. Product Benchmarking
      • 7.4.6.4. Strategic Initiatives
    • 7.4.7. Cooper Corp.
      • 7.4.7.1. Participant's Overview
      • 7.4.7.2. Financial Performance
      • 7.4.7.3. Product Benchmarking
      • 7.4.7.4. Strategic Initiatives
    • 7.4.8. General Electric
      • 7.4.8.1. Participant's Overview
      • 7.4.8.2. Financial Performance
      • 7.4.8.3. Product Benchmarking
      • 7.4.8.4. Strategic Initiatives
    • 7.4.9. Yanmar Co., Ltd
      • 7.4.9.1. Participant's Overview
      • 7.4.9.2. Financial Performance
      • 7.4.9.3. Product Benchmarking
      • 7.4.9.4. Strategic Initiatives
    • 7.4.10. Mahindra Powerol
      • 7.4.10.1. Participant's Overview
      • 7.4.10.2. Financial Performance
      • 7.4.10.3. Product Benchmarking
      • 7.4.10.4. Strategic Initiatives
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Product Code: GVR-3-68038-936-4

List of Tables

  • Table 1. List of Abbreviations
  • Table 2. Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 3. Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 4. Natural Gas Generator Market Estimates and Forecasts, By Region, 2018 - 2030 (USD Million)
  • Table 5. North America Natural Gas Generator Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 6. North America Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 7. North America Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 8. U.S. Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 9. U.S. Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 10. Canada Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 11. Canada Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 12. Mexico Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 13. Mexico Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 14. Europe Natural Gas Generator Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 15. Europe Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 16. Europe Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 17. Germany Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 18. Germany Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 19. Russia Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 20. Russia Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 21. UK Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 22. UK Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 23. France Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 24. France Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 25. Asia Pacific Natural Gas Generator Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 26. Asia Pacific Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 27. Asia Pacific Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 28. China Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 29. China Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 30. India Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 31. India Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 32. Japan Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 33. Japan Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 34. South Korea Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 35. South Korea Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 36. Latin America Natural Gas Generator Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 37. Latin America Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 38. Latin America Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 39. Brazil Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 40. Brazil Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 41. Argentina Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 42. Argentina Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 43. Middle East & Africa Natural Gas Generator Market Estimates and Forecasts, By Country, 2018 - 2030 (USD Million)
  • Table 44. Middle East & Africa Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 45. Middle East & Africa Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 46. UAE Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 47. UAE Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
  • Table 48. Saudi Arabia Natural Gas Generator Market Estimates and Forecasts, By Type, 2018 - 2030 (USD Million)
  • Table 49. Saudi Arabia Natural Gas Generator Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)

List of Figures

  • Fig. 1 Market Segmentation
  • Fig. 2 Information Procurement
  • Fig. 3 Data Analysis Models
  • Fig. 4 Market Formulation and Validation
  • Fig. 5 Market Snapshot
  • Fig. 6 Segmental Outlook- Type, Application, and Region
  • Fig. 7 Competitive Outlook
  • Fig. 8 Value Chain Analysis
  • Fig. 9 Market Dynamics
  • Fig. 10 Porter's Analysis
  • Fig. 11 PESTEL analysis
  • Fig. 12 Natural Gas Generator Market, By Type: Key Takeaways
  • Fig. 13 Natural Gas Generator Market, By Type: Market Share, 2024 & 2030
  • Fig. 14 Flat Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 15 Long Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 16 High Power Gensets Market, 2018 - 2030 (USD Million)
  • Fig. 17 Natural Gas Generator Market, By Application: Key Takeaways
  • Fig. 18 Natural Gas Generator Market, By Application: Market Share, 2024 & 2030
  • Fig. 19 Industrial Market, 2018 - 2030 (USD Million)
  • Fig. 20 Commercial Market, 2018 - 2030 (USD Million)
  • Fig. 21 Residential Market, 2018 - 2030 (USD Million)
  • Fig. 22 Natural Gas Generator Market, By Region: Key Takeaways
  • Fig. 23 Natural Gas Generator Market, By Region: Market Share, 2024 & 2030
  • Fig. 24 North America Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 25 US Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 26 Canada Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 27 Mexico Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 28 Europe Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 29 Germany Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 30 Russia Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 31 UK Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 32 France Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 33 Asia Pacific Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 34 China Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 35 India Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 36 Japan Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 37 South Korea Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 38 Latin America Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 39 Brazil Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 40 Argentina Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 41 Middle East and Africa Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 42 UAE Natural Gas Generator Market, 2018 - 2030 (USD Million)
  • Fig. 43 Saudi Arabia Natural Gas Generator Market, 2018 - 2030 (USD Million)
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