DUBLIN--(BUSINESS WIRE)--The "Aftermarket Natural Gas Generator Market: Global Demand Analysis & Opportunity Outlook 2024" report has been added to ResearchAndMarkets.com's offering.
Global aftermarket natural gas generator market reached USD 9,023.5 Million in 2016 by registering a CAGR of 9.2% across the globe
Moreover, the aftermarket natural gas generator market is expected to reach USD 17,975 Million by the end of 2024. However, growth and expansion of the industrial sector is propelling the demand for natural gas generator which is likely to escalate the demand for aftermarket natural gas generator across the globe.
Globally, Asia-Pacific aftermarket natural gas generator market is forecasted to hold top position in global aftermarket natural gas generator followed by Europe and North America. Economic growth of various industry verticals in the region is expected to swell the demand for natural gas generator during the forecast period. Further, China followed by India and Japan is anticipated to be largest aftermarket natural gas generator market during the forecast period.
Further, North America is expected to showcase a significant growth over the forecast period. Surging adoption of low emission generators as compared to diesel generators has strengthened the growth of aftermarket natural gas generators market in the region. Further, the government initiatives to encourage the use of clean energy products is bolstering the U.S. natural gas generator market which in turn is anticipated to impel the growth of the aftermarket natural gas generator market in the years ahead.
Europe aftermarket natural gas generator market is expected to expand at a significant CAGR of 8.9% during the forecast period i.e. 2017-2024. Rising infrastructure development is expected to be the key factor behind the growth of aftermarket natural gas generator in the Europe region. Further, infrastructure development and industrialization is projected to accelerate in the next few years. This factor is expected to fuel the growth of Europe natural gas generator market during the forecast period which in turn is anticipated to foster the growth of the aftermarket Europe natural gas generator market.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Risk Analysis
4. Top Countries with Highest demand for Natural Gas Generator Aftermarket - By Region
5. Global Natural Gas Generator Aftermarket Market Size (USD Million) and Forecast, 2016-2024
6. Market Dynamics & Its Impact Analysis
7. Global Market Segmentation Analysis
8. Porter's Five Force Model Analysis
9. Competitive Landscape
- Briggs & Stratton Corporation
- Caterpillar Inc.
- Cummins Inc.
- Generac Holdings, Inc.
- Kirloskar Oil Engines Ltd.
- Kohler Co.
- Doosan Corporation
- Multiquip Inc.,
- Wrtsil Corporation
General Electric Company
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