Market Size of China Gas Generator Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 Size Summary
The China gas generator market is poised for growth, driven by increasing gas production and the rising demand for clean and reliable energy sources. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. Key factors fueling this growth include the decreasing prices of natural gas, heightened awareness of its benefits over diesel, and the expanding population that is boosting power, manufacturing, and chemical industries. However, challenges such as limited gas grid connectivity may impede supply. The demand for gas generators, particularly those with a capacity of less than or equal to 75 kVA, is expected to rise, especially in sectors like telecommunications, small businesses, and construction, where they serve as backup or primary power sources.
The industrial sector, encompassing mining, manufacturing, agriculture, and construction, represents a significant portion of the gas generator market in China. The need for reliable power supply in these industries, along with the increasing renewable energy capacity, is expected to drive demand. Stringent air emission norms and environmental considerations are further propelling the shift from diesel to gas generators. Government initiatives aimed at expanding the industrial sector are anticipated to bolster market growth. The market is moderately fragmented, with major players like Yanmar Co. Ltd, Kirloskar Electric Company Limited, Cummins Inc, Caterpillar Inc, and General Electric Company actively contributing to the landscape. Recent developments, such as Cummins Inc.'s launch of new natural gas generators, highlight ongoing innovations and expansions within the market.
China Gas Generator Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD million, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Capacity Rating
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2.1.1 Less than 75 kVA
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2.1.2 75-375 kVA
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2.1.3 Above 375 kVA
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2.2 End-User
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2.2.1 Industrial
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2.2.2 Commercial
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2.2.3 Residential
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China Gas Generator Market Size 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.
