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Natural Gas Generator Market Size, Share & Trends Analysis Report by Type (Low Power Genset, Medium Power Genset), Application (Industrial, Residential, Commercial), and Region with Growth Forecasts, 2025-2030- Product Image
Natural Gas Generator Market Size, Share & Trends Analysis Report by Type (Low Power Genset, Medium Power Genset), Application (Industrial, Residential, Commercial), and Region with Growth Forecasts, 2025-2030- Product Image
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Natural Gas Generator Market Size, Share & Trends Analysis Report by Type (Low Power Genset, Medium Power Genset), Application (Industrial, Residential, Commercial), and Region with Growth Forecasts, 2025-2030

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  • 80 Pages
  • February 2025
  • Region: Global
  • Grand View Research
  • ID: 5615344
Description Jump to:
The Natural Gas Generator Market was valued at USD 9.74 billion in 2024, and is projected to reach USD 18.67 billion by 2030, rising at a CAGR of 11.40%. 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.

This report addresses:

  • Market intelligence to enable effective decision-making.
  • Market estimates and forecasts from 2018 to 2030.
  • Growth opportunities and trend analyses.
  • Segment and regional revenue forecasts for market assessment.
  • Competition strategy and market share analysis.
  • Product innovation listings for you to stay ahead of the curve.
  • COVID-19's impact and how to sustain in this fast-evolving market.

Why Should You Buy This Report?

  • Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This product will be delivered within 1-3 business days.

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

Companies Mentioned

The major companies profiled in this Natural Gas Generator market report include:
  • Cummins Inc.
  • Caterpillar Inc.
  • Kohler Co. Inc.
  • Mitsubishi Heavy Industries, Ltd
  • MTU Onsite Energy
  • Generac Power Systems, Inc.
  • Cooper Corp.
  • General Electric
  • Yanmar Co., Ltd
  • Mahindra Powerol

Methodology

Methodology DOWNLOAD NOW

Table Information

Report AttributeDetails
No. of Pages80
PublishedFebruary 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 9.74 Billion
Forecasted Market Value ( USD ) by 2030 $ 18.67 Billion
Compound Annual Growth Rate11.4%
Regions CoveredGlobal
No. of Companies Mentioned11

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