Gas Generator Market is predicted to reach USD 8.62 billion at a CAGR of 4.30% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Gas Generator Market” that contains information from 2018 to 2032. The Gas Generator market is estimated to register a CAGR of 4.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Gas Generator market— APR Energy (USA), Siemens Ltd. (Germany), General Electric Company (USA), Aggreko plc (U.K), Toshiba Corporation (Japan), Hyundai Heavy Industries Co., Ltd. (South Korea), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Bharat Heavy Electricals Limited (India), and Perkins Engines Company Limited (U.K).

Gas Generator Market Highlights

The global Gas Generator market is accounted to register a CAGR of 4.30% during the forecast period and is estimated to reach USD 8.62 billion by 2032.

The Gas Generator market pertains to the industry focused on producing electricity through the combustion of gas fuels, such as natural gas or biogas. These generators are widely used for backup power, grid support, and distributed energy applications due to their efficiency, lower emissions, and versatility in various settings.

Segment Analysis

The global Gas Generator market has been segmented based on Power Capacity and End-User.

On the basis of Power Capacity, the market is segmented into > 300 KW, 301 KW-1 MW, and < 1 MW. Due to its short operating period and lighter load, generators with a capacity of less than 1 MW are commonly used in small-scale companies.

Based on End User, the global Gas Generator market has been segmented into residential, commercial & industrial and utilities. The largest natural gas generator market worldwide, according to estimates, is in the commercial and industrial sector. Due to the rising demand for cleaner and more environmentally friendly fuel-fired gensets for commercial and industrial applications, the commercial and industrial category is anticipated to develop at the highest CAGR of 12.0% over the course of the forecast period.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Gas Generator Market Research Insight

Regional Analysis

The global Gas Generator market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Gas Generator market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Gas Generator market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Gas Generator market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Gas Generator Market dominated this market in 2022. People are anticipated to build additional natural gas generators to offer constant power because of the gulf countries' booming economies and the increasing integration of electronic devices into daily life. In addition, the Indian Gas Generator market had the quickest rate of growth in the Asia-Pacific region, while China's Gas Generator market had the biggest market share.

The market for gas generators in Europe holds the second-largest market share as a result of its significant contribution to the expansion of the demand and the rapid industrialization. Additionally, the UK Gas Generator market had the quickest rate of growth in the European Region, while the German Gas Generator market had the largest market share.

Moreover, From 2023 to 2032, North America is anticipated to experience the fastest CAGR growth. This is because there is expected to be a greater demand for cleaner, less expensive gas generators in the region compared to other non-renewable fuels.

Key Findings of the Study

• The global Gas Generator market is expected to reach USD 8.62 billion by 2032, at a CAGR of 4.30% during the forecast period.


• The Asia-Pacific Gas Generator Market dominated this market in 2022. People are anticipated to build additional natural gas generators to offer constant power because of the gulf countries' booming economies and the increasing integration of electronic devices into daily life.


• Based on End User, The largest natural gas generator market worldwide, according to estimates, is in the commercial and industrial sector.


• APR Energy (USA), Siemens Ltd. (Germany), General Electric Company (USA), Aggreko plc (U.K), Toshiba Corporation (Japan), Hyundai Heavy Industries Co., Ltd. (South Korea), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Bharat Heavy Electricals Limited (India), and Perkins Engines Company Limited (U.K).