Global Distributed natural Gas Fueled Generation Market by Technology (Micro Turbines, Natural Gas Genesets, Stationary Fuel Cells) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2015, the global distributed natural gas-fueled power generation market was valued at USD 11.20 billion. Market growth is expected to be driven by factors such as strict environmental standards, increased demand for reliable power and lower costs of onsite generation, in addition to a reduction in carbon footprint. Unlike renewable energy, DNGG technology does not rely on solar or wind energy to produce power. It is cleaner than either diesel- or coal-fueled generation.

A country that promotes clean energy is more likely to see a rise in fuel cell market. The U.S. has a variety of Department of Energy (DOE), initiatives that support the growth of fuel cells technologies with the goal of making them more affordable.

Due to the rising use of fossil-fuelled natural gas in power generation, the DNGG market will see an increase in fuel cell technology adoption. Market growth will be accelerated by the increasing use of DNGG within gas fields.

Due to the increasing use of fossil-fueled natural gas for power generation, the market for distributed natural gas-fueled energy is expected to see an increase in fuel cell technology adoption. Over the forecast period, the market will grow due to the increasing use of DNGG within gas fields.

Fuel cells are less efficient and more expensive than other distributed power technologies. To be more competitive, they require additional commercial and technical advances. Advanced fuel cell technologies are a key part of companies' efforts to remain competitive in the market. They also produce clean, reliable power that is highly in demand in the power sector. This power can be used to meet future market demand. Bloom Energy Solution Company, for example, has developed a fuel cell technology that produces clean power with digital quality and reliability. This technology is used by over 100 Fortune companies.

Technology Insights

Global demand for NG gensets technology was dominant, accounting for more than 75% of total revenue in 2015. This segment's high growth can be attributed to its suitability for remote locations and their effectiveness in addressing power shortages.

The fastest-growing segment is expected to be with a net worth of approximately USD 2.05 billion in 2024. This segment is expected to grow in popularity, especially in residential and institutional buildings & institutions. It will also reduce capital costs.

Companies were previously involved in the development of fuel cells using relatively traditional energy, which proved more costly for homeowners. They are currently working on new materials that could reduce costs by nearly 90%.

Distributed generation from stationary fuel cells offers significant benefits. It has high-energy efficiency that achieves substantial primary energy savings while avoiding transmission losses.

End-use Insights

Globally, the commercial and industrial segments accounted for more than 67.1%. To maintain process flow, industries require continuous power supply. Outages and drop in power voltage can not only impact the speed of work, but also cause malfunctioning of equipment that results in operational and financial loss. To support certain equipment, fueled generators can be used in these industries.

The Asia Pacific DNGG market was valued at USD 1,591.7 Million in 2015. It is projected to grow at a CAGR of 12.6% between 2016 and 2024. North America's market was valued at USD 2,104.2 Million in 2015. It is expected to grow at 11.9% annually over the forecast period, reaching USD 5,752.7 Million by 2024.

The fastest-growing segment in building & institution is expected to be USD 8.41 billion, owing to the growth of cities, especially in emerging economies.

Regional Insights

The Asia Pacific region market was the largest in global demand. It is expected that it will grow at a CAGR 13.1% during the forecast period. The favorable regulatory policies for adopting DNGG in China and India will help to increase demand.

In 2015, Europe's regional markets accounted for more than 35% of global demand. The announcement of The Energy Efficiency Directive 2012/27/EU, which aims to achieve 20% efficiency by 2020, is expected to make it mandatory for power generation companies at the national level to use these generators.

The European DNGG market was valued in 2015 at USD 3,964.8 Million. It is projected to grow at a 12.2% CAGR by 2024 and reach USD 11,097.5 millions. North America's DNGG market generated revenues of USD 3,049.8 millions in 2015. It is projected to grow at a CAGR of 12.4% between 2016 and 2024 to reach USD 8,697.6 billion by 2024. Asia Pacific will see 13.1% revenue growth over the next eight year to reach USD 6,732.6 millions by 2024.

The European Commission also created the Horizon 2020 Strategy in 2007 which aims at reducing greenhouse gas emissions and using sustainable methods. Clean Development Mechanism, a regulation specifically for the manufacturing sector, has been established to lower global warming potential. These key factors are expected to encourage market growth in the region.

Market Share in Distributed Natural Gas-Fueled Generation

Companies are working hard to obtain cleaner energy from a small fuel-cell generator at a lower cost than power from the grid. Redox Power Systems is involved in the development of fuel cells that use natural gas, propane, and diesel. Market players are investing in improving their electrical systems and making smart policy choices. The market is dominated by General Electric, MWM GmbH and ABB Group, Cummins Inc., Plug Power System, Shandong Lvhuan Power Equipment Co. Ltd.

Additional costs, such as technology licensing and construction fees, are involved in the integration of distributed natural gases technologies into existing distribution networks. Companies participate in technological innovation to lower the cost of distributed power technologies and increase their flexibility and performance. Plug Power, Inc. has announced a contract extension with Walmart Canada for 124 GenDrive fuel cell units to be installed in the new High Velocity Distribution Center Building in Balzac, Alberta, Canada. The expansion added to the existing fleet and increased the total number of GenDrive units at the site to over 230.

The report covers segments

This report predicts revenue growth at the global, regional and country levels. It also provides analysis of the most recent trends in each sub-segment from 2014-2024. Grand View Research has segmented Distributed Natural Gas-Fueled Generation on the basis technology, region, and end-use.

• Technology Outlook (Revenue USD Million, 2014-2024)

  • Natural gas gensets

  • Stationary fuel cells

  • Microturbine

• End-use Outlook (Revenue USD Million, 2014-2024)

  • Residential

  • Commercial/Industrial

  • Building & Institutional

• Regional Outlook (Revenue USD Million, 2013-2024)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • Australia

    • China

    • India

    • Japan

  • Central and South America (CSA).

  • Middle East & Africa

Up Market Research published a new report titled “Distributed natural Gas Fueled Generation Market research report which is segmented by Technology (Micro Turbines, Natural Gas Genesets, Stationary Fuel Cells), By Players/Companies MWM GmbH, Shandong Lvhuan Power Equipment Co, General Electric, ABB Group, Cummins Inc, Plug Power System, Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Distributed natural Gas Fueled Generation Market Report Segments:

The market is segmented by Technology (Micro Turbines, Natural Gas Genesets, Stationary Fuel Cells).

Distributed natural Gas Fueled Generation Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Distributed natural Gas Fueled Generation Market

Overview of the regional outlook of the Distributed natural Gas Fueled Generation Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Distributed natural Gas Fueled Generation Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Distributed natural Gas Fueled Generation Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Micro Turbines

                2. Natural Gas Genesets

                3. Stationary Fuel Cells

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Distributed natural Gas Fueled Generation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Distributed natural Gas Fueled Generation Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.