Global Natural Gas Generator Market Projected to Lead with USD 8511.1 Million by 2024

Research Nester has released its report titled “Global Natural Gas Generator Market: Industry Analysis & Opportunity Evaluation 2016-2024” that delivers detailed overview of the global natural gas generator market in terms of market segmentation by phase, revolution per minute, material, application and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global natural gas generator market is predicted to grow significantly at a CAGR of 8.1% over the forecast period (2017-2024), owing to factors such as the growing adoption of environment friendly solutions, growing disposable incomes of the global population and industries increasingly adopting green manufacturing practices across the world. Moreover, the market is estimated to attain a Y-o-Y growth rate of 8.5% in 2024 as compared to the earlier year.

The growth of the market is driven by various factors such as the attraction developed by a majority of the global population towards adopting clean energy devices and various governments imposing strict regulations across the world to control pollution. Moreover, rising concerns about the environment across the world and with emissions of natural gas being comparatively lower than that of others is encouraging its adoption across the globe. Further, with the industrial sector facing noteworthy growth and expansion over the last several years, the demand for natural gas generator across the world is anticipated to increase significantly and drive the growth of the market over the forecast period.

Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-77

However, the market is anticipated to face some barriers to its growth, due to factors such as the presence of power packs, diesel generators and others that can serve as alternatives to the existing technology that may limit the demand for natural gas generators. Moreover, power packs being technologically advanced with high energy storage and output may limit the growth of the market over the forecast period.

 

The global natural gas generator market is comprised of four segments which are segmented by phase, revolution per minute, material and by application. The 3 phase falling under phase segment occupied the highest market share of 64.4% in 2016 across the globe and is predicted to achieve a market size worth USD 5661.8 million by end of 2024, by registering a CAGR growth of 8.5% over the forecast period. The revolution per minute natural gas generator market segment that is predicted to register the highest CAGR growth over the forecast period is increasingly considered to be attractive for new market entrants as well as existing market players who are interested to expand their businesses. Additionally, investors are anticipated to benefit from this segment considerably by seeking new opportunities for investments over the forecast period.

Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/global-natural-gas-generator-market-analysis-opportunity-outlook-2024/77

This report also provides the existing competitive scenario of some of the key players of the global natural gas generator market which includes company profiling of key companies such as Briggs & Stratton Corporation (NYSE: BGG),  Caterpillar, Inc. (NYSE: CAT), Cummins, Inc. (NYSE: CMI), Generac Holdings, Inc. (NYSE: GNRC), Kirloskar Oil Engines Limited (NSE: KIRLOSENG), Kohler Co., Doosan Corporation (KRX: 000150), Multiquip, Inc., Wartsila Corporation (HEL: WRT1V) and General Electric Company (NYSE: GE). The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global natural gas generator market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Get Exclusive Sample Copy of This Report @ https://www.researchnester.com/sample-request-77

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel
Email: [email protected]
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 591

For More Update Follow- LinkedIn | Twitter | Xing

Our Recently Published Report On Market Watch @

Global Speech Generating Devices Market Covering Prime Factors and Competitive Outlook till 2027

Global Disinfectants Chemical Market Expected to Meet at CAGR of 4.7% during 2018-2027

At a CAGR of 5.1%|Cellulose Film Packaging Market Analysis By Industry Size, Share, Revenue Growth, Development And Demand Forecast To 2027

Global Millimeter Wave Technology Market: Rising Impressive Business Opportunities Analysis Forecast By 2027

Comments are closed.