China Gas Generator Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Gas Generator Market Analysis
The market for gas generators in China is anticipated to register a CAGR of more than 5% in the forecast period (2023-2028). COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Factors such as increasing gas production supported by awareness regarding natural gas as a clean and reliable fuel, increased concerns over diesel maintenance and refueling issues, and decreasing natural gas fuel prices have supplemented the demand for gas generators in recent years.
- However, the lack of gas grid connectivity via pipeline, resulting in hindered fuel supply, is expected to act as a challenging factor to overcome the gas generator market in the coming years.
- The growing population of China is expected to give rise to the demand for power, manufacturing, and chemical industries. With increasing gas production, gas generators will likely create significant market opportunities.
China Gas Generator Market Trends
Below 75 kVA Capacity Gas Generator to Witness Significant Growth in the Market
- Less than or equal to 75 kVA gas generators are used in the telecommunication sector, commercial complexes, small restaurants, small-scale industries, and petrol stations, among others, primarily as backup power in grid-connected areas and as the main power source in off-grid areas.
- The demand for less than or equal to 75 kVA gas generators is expected to increase with the change in the landscape for small businesses, especially in countries like China, where the rising population is expected to drive the need for gas generators.
- The building and construction market is on the rise in China due to current government initiatives, such as smart cities and green building initiatives, which are expected to create the demand for gas generators during the forecast period and drive the market.
- With 209.2 billion cubic meters of gas production in 2021, the application of the gas generator is expected to increase significantly in the forecast period.
- With a reduction in the prices of natural gas and growing manufacturing and construction industries, the market of gas generators can witness significant growth in the forecast period.
Industrial Sector to Dominate the Market
- The industrial sector, which includes mining, manufacturing, agriculture, and construction, accounts for the largest share of energy consumption of any end-use sector and accounts for a major share of the gas generator market in China.
- The increase in the renewable installed capacity to 1020 GW in 2021 would require temporary power backup in case of peak demand or curb the limitation of renewable in adverse weather conditions. Hence, the demand for gas generators is likely to increase in the forecast period.
- Increasing demand for continuous and reliable power supply from these industries, especially from healthcare facilities, pharmaceutical industries, and manufacturing facilities, is expected to boost the demand for gas generators.
- Moreover, as the air emission norms are becoming more stringent in China, coupled with the environmental benefits, the demand for gas generators is expected to witness a significant increase, as compared to diesel generators, which are considered more polluting.
- Government initiatives to expand the industrial sector, especially in China, are expected to boost the demand for gas generators over the forecast period.
China Gas Generator Industry Overview
The China gas generator market is moderately fragmented. Some of the major companies (in no particular order) include Yanmar Co. ltd, Kirloskar Electric Company Limited, Cummins Inc, Caterpillar Inc, and General Electric Company.
China Gas Generator Market Leaders
-
Kirloskar Electric Company Limited
-
Cummins Inc
-
Caterpillar Inc
-
General Electric Company
-
Yanmar Co
*Disclaimer: Major Players sorted in no particular order
China Gas Generator Market News
- February 2023: Cummins Inc. announced the launch of two new natural gas generators. The C175N6B and C200N6B will be used in government buildings, water wastewater treatment plants, healthcare facilities, commercial buildings, public infrastructure, and many more.
- March 2022: Industrial gases giant Messer expanded its China operations following the start-up of a new generator in Xiangtan. The generator will be installed on the premises of Hunan Yuneng New Energy Battery Materials Co., Ltd. (Yuneng), a major Messer customer who will get nitrogen from the remote-controlled on-site unit.
China Gas Generator Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 Capacity Rating
5.1.1 Less than 75 kVA
5.1.2 75-375 kVA
5.1.3 Above 375 kVA
5.2 End-User
5.2.1 Industrial
5.2.2 Commercial
5.2.3 Residential
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Kirloskar Electric Company Limited.
6.3.2 Cummins Inc
6.3.3 Caterpillar Inc
6.3.4 General Electric Company
6.3.5 Kohler Co
6.3.6 AKSA Power Generation
6.3.7 Cooper Corporation
6.3.8 Yanmar Co. ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
China Gas Generator Industry Segmentation
A gas generator is a device that generates electricity by burning gas. Furthermore, a gas generator is a type of generator that runs on natural gas instead of gasoline or diesel. The China gas generator market is segmented by capacity rating and end-user. By capacity rating, the market is segmented into less than 75 kVA, 75 - 375 kVA, and more than 375 kVA. By end-user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the gas generator market. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).
| Capacity Rating | |
| Less than 75 kVA | |
| 75-375 kVA | |
| Above 375 kVA |
| End-User | |
| Industrial | |
| Commercial | |
| Residential |
China Gas Generator Market Research FAQs
What is the current China Gas Generator Market size?
The China Gas Generator Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in China Gas Generator Market?
Kirloskar Electric Company Limited, Cummins Inc , Caterpillar Inc, General Electric Company and Yanmar Co are the major companies operating in the China Gas Generator Market.
What years does this China Gas Generator Market cover?
The report covers the China Gas Generator Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the China Gas Generator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Gas Generator Industry Report
Statistics for the 2024 China Gas Generator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Gas Generator analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
China Gas Generator Market Report Snapshots
