PUBLISHER: IMARC | PRODUCT CODE: 1423339
PUBLISHER: IMARC | PRODUCT CODE: 1423339
The global industrial gas generator market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.6% during 2024-2032.
Gas generators are used for driving a turbine or generating combustible gases from a liquid or solid source. The gases which are created by the generator consist of the products of complete combustion of the fuel which include carbon dioxide and water. As they act as the source of backup or emergency power, gas generators have gained immense popularity across the industrial sector. Currently, they are available in different types of engines which vary in terms of their functionality and operating power.
Over the years, the adoption of gas generators across the industrial sector has increased owing to the need for uninterrupted power supply due to an increase in power outages and faults in electric networks. Additionally, a strong demand from emerging regions such as the Middle East and Asia on account of rapid urbanisation and industrialisation has fuelled the growth of the global industrial gas generators market. Moreover, technological advancements such as the installation of remote monitoring systems has further broadened the growth prospects of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial gas generator market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on type and end-use.
20KW to 100KW
101KW to 500KW
501KW to 1MW
Based on type, the market has been segmented as 20KW to 100KW, 101KW to 500KW, 501KW to 1MW, 1 MW to 2 MW, and 2 MW to 5 MW.
Chemical Industry
Breeding Industry
Petroleum and Gas Industry
Mining Industry
Others
On the basis of end-use segment, the global industrial gas generator market has been segregated as chemical industry, breeding industry, petroleum and gas industry, mining industry, and others.
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Caterpillar, Cummins Inc., General Electric Company, Kohler Power, Himoinsa SL, Generac Power Systems, Shandong Lvhuan Power Co., Ltd., Rolls-Royce Motor Cars Ltd., Multiquip Inc., and Jinan Diesel Engine Co., Ltd.
This report provides a deep insight into the global industrial gas generator market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the industrial gas generator industry in any manner.