Europe Gas Generator Market Size (2024 - 2029)

The Europe Gas Generator Market is projected to experience growth driven by factors such as stringent environmental regulations, declining gas prices, and an increasing demand for reliable and flexible power supply solutions. Despite challenges like limited power generation capacity and high maintenance costs, the market is expected to expand as Europe shifts towards lower-emission fuel sources, offering gas generators a chance to capture market share from diesel generators. The market has rebounded to pre-pandemic levels, with Germany anticipated to be the largest market in the region.

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Market Size of Europe Gas Generator Industry

Europe Gas Generator Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 529.90 Million
Market Size (2029) USD 708.46 Million
CAGR (2024 - 2029) 5.98 %
Market Concentration Medium

Major Players

Europe Gas Generator Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Gas Generator Market Analysis

The Europe Gas Generator Market size is estimated at USD 529.90 million in 2024, and is expected to reach USD 708.46 million by 2029, growing at a CAGR of 5.98% during the forecast period (2024-2029).

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

  • Factors such as stringent environmental regulations, declining gas prices, rising demand for reliable power supply, and increasing demand for flexible transmission of renewable power are driving gas generators in Europe. The growing need for uninterrupted power supply during power outages and power failure has boosted the adoption of gas generators in all major sectors in Europe.
  • However, limited power generation capacity, high maintenance & operating cost, and a growing tendency towards renting gas generators are expected to restrain market growth as customers see the financial benefits of renting instead of buying generators.
  • Europe has plans to move towards meeting its emission reduction targets by 2030. Therefore, gas generators are expected to gain market share among end-user segments that were dominated by diesel generators as the region moves towards lower-emission fuel sources, which in turn, is expected to create significant opportunities for market participants shortly.
  • Germany is expected to be the largest market for during the forecast period for Europe gas generators.

Europe 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 European gas generator market is segmented by capacity, end-user, and geography. By capacity, 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 million).

Capacity
Less than 75 kVA
Between 75-375 kVA
More than 375 kVA
End User
Residential
Commercial
Industrial
Geography
Germany
Denmark
Italy
The United Kingdom
Rest of Europe
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Europe Gas Generator Market Size Summary

The Europe gas generator market is poised for significant growth, driven by factors such as stringent environmental regulations, declining gas prices, and the increasing demand for reliable and flexible power supply solutions. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is expected to continue expanding. The shift towards lower-emission fuel sources, particularly in light of Europe's 2030 emission reduction targets, is anticipated to enhance the market's appeal, especially as gas generators gain traction in sectors traditionally dominated by diesel generators. Germany is projected to be the largest market within Europe, supported by its robust industrial sector and the growing adoption of renewable energy, which necessitates flexible baseload power solutions.

Gas generators find applications across various industries, including steel production, construction, and agriculture, with the industrial sector being the dominant market due to rapid urbanization and industrialization in the region. The increasing utilization of steel and the need for continuous power supply during outages further drive demand. The construction industry is gradually transitioning from diesel and gasoline generators to portable gas generators, particularly in major economies where low-emission standards are mandated. The strengthening of gas pipeline infrastructure and storage networks across Europe is also contributing to the market's growth, as falling gas prices improve project economics. The market is moderately consolidated, with key players like Caterpillar Inc., Cummins Inc., and Generac Holdings Inc. actively shaping the competitive landscape through strategic acquisitions and expansions.

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Europe Gas Generator Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD million, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Strict Environmental Regulations To Control Air Pollution

        2. 1.5.1.2 Increasing Demand for Flexible Transmission of Renewable Power

      2. 1.5.2 Restraints

        1. 1.5.2.1 High Maintenance and Operating Costs

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Capacity

      1. 2.1.1 Less than 75 kVA

      2. 2.1.2 Between 75-375 kVA

      3. 2.1.3 More than 375 kVA

    2. 2.2 End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Industrial

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 Denmark

      3. 2.3.3 Italy

      4. 2.3.4 The United Kingdom

      5. 2.3.5 Rest of Europe

Europe Gas Generator Market Size FAQs

The Europe Gas Generator Market size is expected to reach USD 529.90 million in 2024 and grow at a CAGR of 5.98% to reach USD 708.46 million by 2029.

In 2024, the Europe Gas Generator Market size is expected to reach USD 529.90 million.

Europe Gas Generator Market Report Snapshots

Europe Gas Generator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)