The Residential Gas Generator Market size was valued at USD 7.95 billion in 2022 and is expected to grow to USD 18.99 billion by 2030 and grow at a CAGR of 11.5 % over the forecast period of 2023-2030.
Any onsite power system's heart is its generator sets. Sizes ranging from 55 kW to 1300 kW are offered in spark-ignited (stoichiometric and lean-burn) natural gas and dual-fuel engine generator sets. These are appropriate for uses when onsite fuel storage is constrained, there is a steady supply of natural gas available, and/or there are regional environmental factors that favour gaseous-powered machinery. Natural gas engines, alternators and Power Command TM controls are used in the construction of Cummins Natural Gas Generator sets.
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A generator is made up of an engine that burns fossil fuels coupled with an electrical genset. The most affordable, effective, and dependable sources of backup power are gensets. Power gensets are simple to set up and operate. Consequently, are anticipated to be employed in a variety of settings, including as residential, healthcare, telecom, and oil and gas. Inverters and solar energy panels are two alternate emergency power sources that, compared to power generators, are less expensive to operate.
Natural gas is projected to have an edge over diesel generators since it is environmentally benign. Gas, naturally Powered gensets offer the advantages of producing less noise and no odour when operating and emitting less CO2, nitrogen, and sulphur. Gas gensets are used for distributed generation and utilise an internal combustion engine to transform gaseous fuel into usable energy.
KEY DRIVERS:
Massive Investment in the Development of Sustainable Energy
Need for continuous power supply
The need for a dependable and continuous power supply is expected to rise as a result of the multiple expansion in several industrial sectors and the population boom. Information and communication technologies are significantly influencing the expansion of the business since every data centre needs a generator to prevent power outages. Gas-fired generators are also frequently employed in various commercial and industrial applications to supply the rising demand for power. The natural gas generator market is therefore anticipated to have strong expansion throughout the anticipated timeframe.
RESTRAIN:
Rising investment in renewable energy sources
High Cost
OPPORTUNITY:
Demand for petrol generators has been steadily rising.
CHALLENGES:
Availability of alternatives such as a power pack
The availability of alternatives like power packs is one of the major obstacles to the expansion of the worldwide residential gas generator industry. An inverter successfully converts a battery's DC output into the necessary AC power in a power pack. Power packs are in the mode of charging while they are not in use. Manufacturers of power packs, such as Luminous, Amaron, and Microtek, have recently enhanced their engineering designs.
IMPACT OF RUSSIA-UKRAINE WAR
Due to supply limitations, sanctions, and sabotage, the Russian invasion of Ukraine caused unheard-of chaos in the global gas markets, which in turn led to record wholesale prices and intense volatility. However, amid the gas crisis, the percentage discrepancies in gas prices between the sectors have decreased. According to the technique, non-domestic clients used to pay 60–70% more than domestic customers, but that has increased to 80% or more amid the gas crisis. Previously between 50 and 60 percent for industrial clients, the value has been about 70 percent throughout the crisis. Additionally, the figure for power producers used to be between 35 and 55%, but has been around 40 percent throughout the crisis (giving support to an opinion held by some) short-term gas transactions were particularly sensitive to the power industry, according to experts).
IMPACT OF ONGOING RECESSION
While natural gas prices fell from $12 to $4 during the recession, gas power consumption actually climbed by 3% as a result of the move from coal to gas. As a result, power generation fell by 5% during that period. Gas currently accounts for 34% of L48 output, up from 28%, and would likely be more affected by a prospective recession given that moving from coal to gas is not as common as it once was and that natural gas-powered power plant burn increased by an average of 1.9 Bcf/d. 2020 YTD Versus 2019.
By Power Capacity
0-100 kVA
101-350 kVA
351-1000 kVA,
Above 1000 KVA
By End-User Industry
Residential
Commercial
Industrial
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Due to an increase in power outages, particularly in Asia Pacific, the global market for home gas generators is anticipated to expand over the projected period. A generator is made up of an engine that burns fossil fuels coupled with an electrical genset. One of the most affordable, effective, and dependable sources of backup power is a genset. Power gensets are simple to set up and operate.
The main markets in North America for household gas generators are the US and Canada. But the market This region's growth will be less rapid than the market's rise in other areas.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
In January 2022, Caterpillar unveiled the Cat G3516 natural gas-powered Fast Response generator set, which has been approved for use in both emergency and non-emergency situations by the US EPA.
Three MTU customised and containerized combination cooling, heat, and power plant (CCHP) trigeneration units were delivered by Rolls-Royce and its distribution partner Knopf & Wallisch (K&W) to ClusterPower, a Romanian cloud service in the month of January 2022.
Beginning in October 2021, sales of specific generator types (portable gas-powered generators) will no longer be allowed under a new law enacted by California's state legislators. Portable gas-powered generators with less than 25 horsepower are impacted by the new regulation. These generators can be used to run a refrigerator or other medium-sized appliances.
The Major Players are Cummins, Briggs & Stratton Corporation, Kohler, Generac Power Systems, Caterpillar, Rolls-Royce, HIMOINSA, Mahindra Powerol, Genmac, Aggreko, Eaton, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation and other players
| Report Attributes | Details |
| Market Size in 2022 | US$ 7.95 Bn |
| Market Size by 2030 | US$ 18.99 Bn |
| CAGR | CAGR of 11.5 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Power Capacity (0-100 kVA, 101-350 kVA, 351-1000 kVA, Above 1000 KVA) • By End-User Industry (Residential, Commercial, Industrial) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Cummins, Briggs & Stratton Corporation, Kohler, Generac Power Systems, Caterpillar, Rolls-Royce, HIMOINSA, Mahindra Powerol, Genmac, Aggreko, Eaton, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation |
| Key Drivers | • Massive Investment in the Development of Sustainable Energy • Need for continuous power supply |
| Market Restraints | • Rising investment in renewable energy sources • High Cost |
Ans: Residential Gas Generator Market is anticipated to expand by 11.5 % from 2023 to 2030.
Ans: USD 18.99 billion is expected to grow by 2030.
Ans: Residential Gas Generator Market size was valued at USD 7.95 billion in 2022
Ans: Availability of alternatives such as a power pack
Ans: Massive Investment in the Development of Sustainable Energy
Need for continuous power supply
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Residential Gas Generator Market Segmentation, By Power Capacity
8.1 0-100 kVA
8.2 101-350 kVA
8.3 351-1000 kVA,
8.4 Above 1000 KVA
9. Residential Gas Generator Market Segmentation, By End-User Industry
9.1 Residential
9.2 Commercial
9.3 Industrial
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Residential Gas Generator Market by Country
10.2.2North America Residential Gas Generator Market by Power Capacity
10.2.3 North America Residential Gas Generator Market by End-User Industry
10.2.4 USA
10.2.4.1 USA Residential Gas Generator Market by Power Capacity
10.2.4.2 USA Residential Gas Generator Market by End-User Industry
10.2.5 Canada
10.2.5.1 Canada Residential Gas Generator Market by Power Capacity
10.2.5.2 Canada Residential Gas Generator Market by End-User Industry
10.2.6 Mexico
10.2.6.1 Mexico Residential Gas Generator Market by Power Capacity
10.2.6.2 Mexico Residential Gas Generator Market by End-User Industry
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Residential Gas Generator Market by Country
10.3.1.2 Eastern Europe Residential Gas Generator Market by Power Capacity
10.3.1.3 Eastern Europe Residential Gas Generator Market by End-User Industry
10.3.1.4 Poland
10.3.1.4.1 Poland Residential Gas Generator Market by Power Capacity
10.3.1.4.2 Poland Residential Gas Generator Market by End-User Industry
10.3.1.5 Romania
10.3.1.5.1 Romania Residential Gas Generator Market by Power Capacity
10.3.1.5.2 Romania Residential Gas Generator Market by End-User Industry
10.3.1.6 Hungary
10.3.1.6.1 Hungary Residential Gas Generator Market by Power Capacity
10.3.1.6.2 Hungary Residential Gas Generator Market by End-User Industry
10.3.1.7 Turkey
10.3.1.7.1 Turkey Residential Gas Generator Market by Power Capacity
10.3.1.7.2 Turkey Residential Gas Generator Market by End-User Industry
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Residential Gas Generator Market by Power Capacity
10.3.1.8.2 Rest of Eastern Europe Residential Gas Generator Market by End-User Industry
10.3.2 Western Europe
10.3.2.1 Western Europe Residential Gas Generator Market by Country
10.3.2.2 Western Europe Residential Gas Generator Market by Power Capacity
10.3.2.3 Western Europe Residential Gas Generator Market by End-User Industry
10.3.2.4 Germany
10.3.2.4.1 Germany Residential Gas Generator Market by Power Capacity
10.3.2.4.2 Germany Residential Gas Generator Market by End-User Industry
10.3.2.5 France
10.3.2.5.1 France Residential Gas Generator Market by Power Capacity
10.3.2.5.2 France Residential Gas Generator Market by End-User Industry
10.3.2.6 UK
10.3.2.6.1 UK Residential Gas Generator Market by Power Capacity
10.3.2.6.2 UK Residential Gas Generator Market by End-User Industry
10.3.2.7 Italy
10.3.2.7.1 Italy Residential Gas Generator Market by Power Capacity
10.3.2.7.2 Italy Residential Gas Generator Market by End-User Industry
10.3.2.8 Spain
10.3.2.8.1 Spain Residential Gas Generator Market by Power Capacity
10.3.2.8.2 Spain Residential Gas Generator Market by End-User Industry
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Residential Gas Generator Market by Power Capacity
10.3.2.9.2 Netherlands Residential Gas Generator Market by End-User Industry
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Residential Gas Generator Market by Power Capacity
10.3.2.10.2 Switzerland Residential Gas Generator Market by End-User Industry
10.3.2.11 Austria
10.3.2.11.1 Austria Residential Gas Generator Market by Power Capacity
10.3.2.11.2 Austria Residential Gas Generator Market by End-User Industry
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Residential Gas Generator Market by Power Capacity
10.3.2.12.2 Rest of Western Europe Residential Gas Generator Market by End-User Industry
10.4 Asia-Pacific
10.4.1 Asia Pacific Residential Gas Generator Market by Country
10.4.2 Asia Pacific Residential Gas Generator Market by Power Capacity
10.4.3 Asia Pacific Residential Gas Generator Market by End-User Industry
10.4.4 China
10.4.4.1 China Residential Gas Generator Market by Power Capacity
10.4.4.2 China Residential Gas Generator Market by End-User Industry
10.4.5 India
10.4.5.1 India Residential Gas Generator Market by Power Capacity
10.4.5.2 India Residential Gas Generator Market by End-User Industry
10.4.6 Japan
10.4.6.1 Japan Residential Gas Generator Market by Power Capacity
10.4.6.2 Japan Residential Gas Generator Market by End-User Industry
10.4.7 South Korea
10.4.7.1 South Korea Residential Gas Generator Market by Power Capacity
10.4.7.2 South Korea Residential Gas Generator Market by End-User Industry
10.4.8 Vietnam
10.4.8.1 Vietnam Residential Gas Generator Market by Power Capacity
10.4.8.2 Vietnam Residential Gas Generator Market by End-User Industry
10.4.9 Singapore
10.4.9.1 Singapore Residential Gas Generator Market by Power Capacity
10.4.9.2 Singapore Residential Gas Generator Market by End-User Industry
10.4.10 Australia
10.4.10.1 Australia Residential Gas Generator Market by Power Capacity
10.4.10.2 Australia Residential Gas Generator Market by End-User Industry
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Residential Gas Generator Market by Power Capacity
10.4.11.2 Rest of Asia-Pacific APAC Residential Gas Generator Market by End-User Industry
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Residential Gas Generator Market by Country
10.5.1.2 Middle East Residential Gas Generator Market by Power Capacity
10.5.1.3 Middle East Residential Gas Generator Market by End-User Industry
10.5.1.4 UAE
10.5.1.4.1 UAE Residential Gas Generator Market by Power Capacity
10.5.1.4.2 UAE Residential Gas Generator Market by End-User Industry
10.5.1.5 Egypt
10.5.1.5.1 Egypt Residential Gas Generator Market by Power Capacity
10.5.1.5.2 Egypt Residential Gas Generator Market by End-User Industry
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Residential Gas Generator Market by Power Capacity
10.5.1.6.2 Saudi Arabia Residential Gas Generator Market by End-User Industry
10.5.1.7 Qatar
10.5.1.7.1 Qatar Residential Gas Generator Market by Power Capacity
10.5.1.7.2 Qatar Residential Gas Generator Market by End-User Industry
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Residential Gas Generator Market by Power Capacity
10.5.1.8.2 Rest of Middle East Residential Gas Generator Market by End-User Industry
10.5.2 Africa
10.5.2.1 Africa Residential Gas Generator Market by Country
10.5.2.2 Africa Residential Gas Generator Market by Power Capacity
10.5.2.3 Africa Residential Gas Generator Market by End-User Industry
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Residential Gas Generator Market by Power Capacity
10.5.2.4.2 Nigeria Residential Gas Generator Market by End-User Industry
10.5.2.5 South Africa
10.5.2.5.1 South Africa Residential Gas Generator Market by Power Capacity
10.5.2.5.2 South Africa Residential Gas Generator Market by End-User Industry
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Residential Gas Generator Market by Power Capacity
10.5.2.6.2 Rest of Africa Residential Gas Generator Market by End-User Industry
10.6 Latin America
10.6.1 Latin America Residential Gas Generator Market by Country
10.6.2 Latin America Residential Gas Generator Market by Power Capacity
10.6.3 Latin America Residential Gas Generator Market by End-User Industry
10.6.4 Brazil
10.6.4.1 Brazil Residential Gas Generator Market by Power Capacity
10.6.4.2 Brazil Africa Residential Gas Generator Market by End-User Industry
10.6.5 Argentina
10.6.5.1 Argentina Residential Gas Generator Market by Power Capacity
10.6.5.2 Argentina Residential Gas Generator Market by End-User Industry
10.6.6 Colombia
10.6.6.1 Colombia Residential Gas Generator Market by Power Capacity
10.6.6.2 Colombia Residential Gas Generator Market by End-User Industry
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Residential Gas Generator Market by Power Capacity
10.6.7.2 Rest of Latin America Residential Gas Generator Market by End-User Industry
11 Company Profile
11.1 Cummins
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Briggs & Stratton Corporation
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Kohler
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Generac Power Systems
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Caterpillar
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Rolls-Royce
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 HIMOINSA
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Mahindra Powerol
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Genmac
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Aggreko
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Eaton
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 Champion Power Equipment
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13 DuroMax Power Equipment
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Product/Services Offered
11.13.4 SWOT Analysis
11.13.5 The SNS View
11.14 FIRMAN Power Equipment
11.14.1 Company Overview
11.14.2 Financials
11.14.3 Product/Services Offered
11.14.4 SWOT Analysis
11.14.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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