The global natural gas
generator market is segmented into type such as service & maintenance,
repair and others. Among these segments, service and maintenance natural gas
generator segment is expected to occupy the top position in the market. Global
consumption of natural gas is forecasted to increase to 203 trillion cubic feet
by 2040 from 120 trillion cubic feet in 2012. This factor is anticipated to
supplement the growth demand for natural gas energy products such as natural
gas generator. Apart from this, abundant resources of natural gas is expected
to contribute significantly to the growth of natural gas generator which
further is anticipated to augment the demand for service & maintenance
natural gas generator aftermarket.
Global natural gas generator market
is expected to flourish at a CAGR of 9.2% over the forecast period. Moreover, the
global natural gas generator market is projected to garner USD 17,975 Million
by the end of 2024. The demand
for natural gas generator aftermarket is increasing owing to
the rising sale of natural gas generator across the globe. Further, inclination
of people toward clean energy devices and government regulation to curb the
pollution is expected to escalate the growth of the natural gas generator
market which further is anticipated to drive the demand for natural gas
generator aftermarket over the forecast period.
Asia Pacific is slated to account
for a leading share of 70.1% by 2024 in the natural gas generator aftermarket
market. The growth in the region can be attributed to increasing sale of
natural gas generators coupled with rising number of industries in the region.
Besides, encouragement by the government to adopt clean energy sources and
rapid pace in urbanization is also expected to impel the growth of natural gas
generator aftermarket market in the Asia Pacific. China and India are the
prominent market in the region.
Increasing Sale of Natural Gas Generator
The industries are
transitioning from non-renewable energy sources products to renewable energy
sources products due to environmental concerns such as global warming and
pollution. This factor is increasing the market size of natural gas generators
across the globe. Apart from this, high
adoptability and encouragement by the government authorities is anticipated to
boost the sale of the natural gas generators which is anticipated to positively
impact the growth of the natural gas generator aftermarket.
Rising Focus on Aftermarket Business
Increasing emphasis on
aftermarket by the manufacturers is expected to propel the growth of natural gas generator aftermarket
market. Further, improvisation of the service quality in recent
years is anticipated to accelerate the growth of the natural gas generator
aftermarket.
Although, availability of local
repair products from local manufacturer is likely to negatively impact the
growth of the natural gas generator aftermarket in the near future.
The report titled “Global Natural Gas Generator Aftermarket
Market Outlook : Industry Analysis & Opportunity Evaluation 2016-2024” delivers detailed overview of global
natural gas generator market in terms of market segmentation by type and by
region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of global natural gas
generator market which includes company profiling of Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac
Holdings, Inc., Kirloskar Oil Engines Ltd., Kohler Co., Doosan Corporation, Multiquip
Inc., Wärtsilä Corporation and General Electric Company. The profiling
enfolds key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On the
whole, the report depicts detailed overview of global
natural gas generator market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/aftermarket-natural-gas-generator-market/553
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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