Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Gas Generator Market Research Report: Forecast to 2023
Page |1
Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
VIEW REPORT PRESS RELEASE
SAMPLE REPORT
Page |2
Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary Market Research Future (MRFR), an eminent research firm, asserts that the global gas Generator market would witness steady growth by 2023, registering a CAGR over 8 % throughout the forecast period (2018 to 2023). Unstable power supply situations in most of the developing countries are major factor aiding the growth of the market. The embryonic gas generator market is growing steadily. The augmenting demand for power led by the ever-increasing population and rapid urbanization & industrialization, worldwide drives the growth of the market. Moreover, the demand for reliable power supply across the end-users is boosting the increase in the gas generator market, globally. Rising demand for energy led by the frequent outages and the natural calamities that can interrupt routine operation across industries foster the growth of the market. Additionally, the growing demand for costeffective and reliable power supply escalates the market on the global platform. A significant shift towards gas generators due to the increased usages in the rental power is a prevailing trend propelling the growth in the market. Additionally, stringent regulations against CO2 emissions that affect internal combustion engines are augmenting the demand for the gas generators. The increasing number of healthcare infrastructures, rising demand for data centers & IT facilities are driving the global gas generator market. On the other hand, limited power generation capacity along with the high cost associated with the maintenance and operation of gas generators are some of the factors impeding the growth of the market. Also, rise in transmission and distribution expenditures are obstructing the growth of the global gas generator market.
Page |3
Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation
For a better scope of understanding, the report has been segmented into three key dynamics:
By Power Capacity : > 300 kW, 301 kW-1 MW, and < 1 MW By End-users : Residential, Commercial & Industrial, and Utility By Regions
: Asia Pacific, Europe, North America, and the Rest-of-the-World.
Regional Analysis The Asia Pacific region would retain its dominance over the global gas generator market throughout the forecast period due to the ample availability of natural gas. Favorable government regulations against greenhouse gas emissions alongside, the rising natural gas production in the region impact the growth of the regional market, positively. Moreover, the burgeoning manufacturing sectors, along with the frequent outages of electricity, are expected to support the regional market to demonstrate colossal growth prospects during the review period. India and China majorly contribute to the gas generator market in the region owing to the rapid industrial development and commercial activities. The gas generator market in the North American region has emerged as another lucrative market, globally. Stringent regulations against CO2 emissions and air & sound population are some of the key driving forces of the regional market. Rising production of natural gas and shale gas in the region and aging grid infrastructure and natural calamities that cause frequent power outages substantiate the growth of the regional market. Moreover, factors such as the upsurge in the construction industry due to the infrastructure development projects alongside, the augmenting demand from events foster the growth in the regional market. The gas generator market in the US, led by the declining prices of natural gas and carbon emission reduction targets, leads the regional market.
Page |4
Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Competitive Landscape Players leading the global gas generator market include Siemens Ltd. (Germany), APR Energy (USA), General Electric Company (USA), Toshiba Corporation (Japan), Aggreko plc (UK), Hyundai Heavy Industries Co., Ltd. (South Korea), Hyosung Corporation (South Korea), Mitsubishi Electric Corporation (Japan), Bharat Heavy Electricals Limited (India), and Perkins Engines Company Limited (UK) among others.
Industry Updates: June 13, 2019 --- Wärtsilä Oyj Abp (Finland), an Energy infrastructure firm, launched modular gaspowered generator that can give an Output of 5.5MW to 10MW. Newly launched Modular Block is an expandable pre-fabricated enclosure for gas-powered generators. The fast response of the new gas generator makes it suitable for fast deployment and expansion in industries, including data centers for an on-site generation or backup. The product was officially launched at the Africa Energy forum conducted in Lisbon, Portugal.
Page |5
Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
Page |6
Copyright Š 2017 Market Research Future.