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8% growth for Gas Generator Sets Market by 2025, global revenue to reach $9 Bn

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Market Study Report newly added the Global Gas Generator Sets Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.

— The UK gas gensets market is anticipated to witness appreciable growth on account of rigorous emission & environmental compliances including the Stage V limits introduced by the EU. Furthermore, shifting trend of industries toward lower emission power sources which includes natural-gas and dual fuel configurations is anticipated to positively influence the industry landscape. The adoption of these units to support the integration of renewable sources in the grid is another evolving factor driving the industry growth.

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Global Gas Generator Sets Market is set to exceed USD 9 Billion by 2025. Growing implications for energy security and rising concerns over carbon emissions coupled with rising stringency of environmental regulations will drive the global gas generator sets market. For instance, the U.S. EPA has set minimum emissions standards for generator sets with an objective to limit the emission of air pollutants. These gensets? characteristic of relatively lower emission of pollutants including carbon, NOX and particulate matters will allow the technology to occupy a substantial share of diesel gensets along with restraining the penetration of distributed renewable generation to a certain extent over the forecast timeframe.

The U.S. gas generator sets market is anticipated to reach over USD 1.7 billion by 2025. The development of hydraulic fracturing technology has provided access to vast reserves of shale gas, implying to a greater penetration of natural-gas operated equipment, including gas gensets. The industry is shifting toward gas-fired power generation on account of augmented production of shale gas and their reduced carbon emissions. For instance, the CO2 produced by natural gas is nearly half of that produced by coal for same amount of thermal output.

Industrial gas gensets market is set to witness an appreciable growth owing to intensifying regulatory pressure to improve sustainability and environmental performance across diverse production facilities. Moreover, relatively stable and competitive price of natural gas along with low emission combustion will accelerate the deployment of these units as an effective and affordable step toward compliance with stringent emission standards while maintaining security of supply. These units are poised to capture a significant share of diesel gensets industry while restraining the deployment of renewable generation to an extent.

The Middle East gas gensets market will witness a remarkable growth owing to the growing efforts toward economic diversification and ongoing development in the regional infrastructure. Upcoming mega events, most notably the Qatar FIFA World Cup 2022 and Dubai World Expo 2020 will necessitate the massive deployment of these units to support the prime and backup power needs. Furthermore, countries including UAE and Saudi Arabia are determined to diversify their oil-based economy with endeavors into other segments which will positively influence the industry growth.

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Key industry participants active across the global gas generator sets market include Generac, W?rtsil, Cummins, Stemac, Kohler SDMO, Mahindra Powerol, Briggs & Stratton, FG Wilson, Himoinsa Cooper Corporation, Caterpillar, Clarke Energy and MTU amongst others.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3 Global Gas Generator Sets Industry Insights
Chapter 4. Global Gas Generator Sets Market, By Power Rating
Chapter 5. Global Gas Generator Sets Market, By End Use
Chapter 6 Global Gas Generator Sets Market, By Application
Chapter 7. Gas Generator Sets Market, By Region
Chapter 8. Company Profiles

Complete report titled at: https://www.marketstudyreport.com/reports/global-gas-generator-sets-market

Related report:

Global Biogas Generator Market Insights, Forecast to 2025

A biogas generator is a reactor or chemical processing system designed to organically break down biological source materials into gasses such as methane and hydrogen that can then be combined with oxygen for use as a source of fuel. Many types of waste matter can be used to generate biogas, including municipal waste and manure, plant waste from crop fields, residential lawns, parks, and more. Simple biogas generation systems are not hard to build, and are often the subject of high school science projects.

https://www.marketstudyreport.com/reports/global-biogas-generator-market-insights-forecast-to-2025

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Source URL: https://marketersmedia.com/8-growth-for-gas-generator-sets-market-by-2025-global-revenue-to-reach-9-bn/515015

Source: MarketersMedia

Release ID: 515015

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