India Natural Gas Genset Market By kVA Rating (Up To 100 kVA, 100.1 kVA – 375 kVA, 375.1 kVA – 1,000 kVA And Above 1,000 kVA), By Verticals (Residential, Commercial, and Industrial), By Applications (Primary Power, Standby Power, and Peak Shaving), By Regions (Northern, Southern, Eastern, and Western), Opportunities and Forecast 2020-2026
Natural gas-driven gensets emit a lesser volume of harmful gases such as carbon dioxide (Co2), nitrogen, etc, and also produce very little noise. Natural gas is an environment-friendly fuel that is anticipatory to be a benefit compared to conventional diesel-powered generators. Primarily, Gas gensets use an internal combustion engine (ICE) to transform mechanical energy into electrical energy.
According to Pheonix Research, India’s Natural Gas Genset Market size is forecast to hit $37 million by 2026 and grow at a Compound annual growth rate (CAGR) of 11.4% during 2020-26. Gas Genset’s flourish in the market can be credited to the burgeoning pipeline framework and spreading awareness towards gas as an eco-friendly source of fuel. Additionally, the low operating and maintenance cost of gas gensets in comparison to usual diesel-powered gensets in conjunction with developing mega construction projects spur demand for natural gas gen-sets in India. Moreover, government initiatives towards decreasing toxic emissions and encouraging the utilization of natural gas to fulfill regular power needs are further boosting the natural gas gen-sets market in India during the forecast period.
Based on the Rating, the 375.1 kVA-1000 kVA segment secured the highest revenue share although lower rating Gas Genset electively 100 kVA accounted for the maximum market volume share in 2018. While from industrial and commercial segments the 100.1 kV to 375 kVA fragment is anticipated to evidence the largest growth rate during the forecast duration.
Some of the notable players in the India Gas Genset Market include Kohler Power, Mahindra, Cummins, Caterpillar, Cooper, Ashok Leyland, and Kirloskar Oil Engines.
“India Natural Gas Genset Market (2020-2026)” provides a comprehensive study with 61 figures and 21 tables covered in 125 pages. The report forecasts and evaluates the complete India Natural Gas Genset market by rating, applications, verticals, and regions.
Market Segmentation
By kVA Rating
• Up To 100 kVA
• 100.1 kVA – 375 kVA
• 375.1 kVA – 1,000 kVA
• Above 1,000 kVA
By Verticals
• Residential
• Commercial
• Industrial
By Applications
• Primary Power
• Standby Power
• Peak Shaving
By Regions
• Northern
• Southern
• Eastern
• Western
Target Audience:
Engineering, Procurement, and Construction (EPC) Contractors.
Gas Genset manufacturing organizations, distributors, and stakeholders.
Market research and consulting companies.
Organizations, associations, alliances, and forums associated with the power business.
Government authorities such as regulating norms and decision-makers.