Gas Gensets Market to Cross US$ 8 Billion by 2021, Says TechSci Research

27 Jun, 2016, 10:30 ET from TechSci Research

NEW YORK, June 27, 2016 /PRNewswire/ --

Increasing Demand-supply gap, Growing Need to Generate Power Through Clean Energy Sources and Favourable Government Policies to Drive Global Gas Gensets Market Through 2021 

According to recently released TechSci Research report, "Global Gas Gensets Market By Rating, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2021", the global market of gas gensets is projected to cross US$ 8 billion by 2021 on account of growing need to protect sensitive equipment from the adverse impact of grid power instability and augmenting shift towards clean energy sources in order to reduce the harmful effects of carbon emissions. Moreover, with expanding City Gas Distribution network, natural gas, which is the basic fuel used in gas gensets, is reaching to more and more consumers across the world, which is expected to boost the adoption of gas gensets during the forecast period, globally.

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Browse 16 market data Tables and 125 Figures spread through 237 Pages and an in-depth TOC on  "Global Gas Gensets Market"

https://www.techsciresearch.com/report/global-gas-gensets-market-by-rating-low-rating-1kva-75kva-medium-rating-75kva-350kva-high-rating-350kva-750kva-etc-by-end-user-industrial-commercial-and-residential-by-region-competition-forecast-and-opportunities-2011-2021/683.html

Gas gensets are being widely used across various end use sectors such as healthcare, pharmaceutical industries, transportation & communication systems, manufacturing facilities, landfill sites, water treatment and sewage facilities, etc., as back-up power sources in case of power grid failure or outage. In addition to growing use of gas gensets in residential as well as commercial applications, demand for gas gensets is also increasing from the global construction sector, which generated revenues worth US$ 4.56 trillion in 2015, and is anticipated to reach US$ 6.2 trillion by 2021.

High Rating (350kVA-750kVA) gensets category dominated the global gas gensets market in 2015, and the segment is anticipated to maintain its dominance over the next five years as well. Industrial sector was the largest end user of gas gensets across the world in 2015 owing to rapid urbanization, particularly in developing countries like China, India, and Brazil, coupled with increasing shift from coal-based power plants to natural-gas fired power plants, especially in the United States. In 2015, North America dominated the global gas gensets market, followed by Europe, Asia-Pacific, Middle East & Africa and South America.

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"In 2016, the Sustainable Development and Climate Change Department implemented the Emission Trading Scheme (ETS), which was launched in Europe in 2005, in Asia-Pacific. Under this scheme, the carbon taxations are being imposed on companies for discharging carbon emissions above the specified limit. As of 2016, the scheme is in place in Kazakhstan, Korea, New Zealand, China, Japan, India, Indonesia, Thailand, Vietnam and Australia. This initiative is expected to motivate companies to opt for gas gensets over diesel gensets in the coming years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"Global Gas Gensets Market By Rating, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of gas gensets market at global level and provides statistics and information on market structure, consumer behaviour and trends in the global gas gensets market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in global gas gensets market.

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