Market Size of China Gas Generator Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Gas Generator Market Analysis
The market for gas generators in China is anticipated to register a CAGR of more than 5% in the forecast period (2023-2028). COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Factors such as increasing gas production supported by awareness regarding natural gas as a clean and reliable fuel, increased concerns over diesel maintenance and refueling issues, and decreasing natural gas fuel prices have supplemented the demand for gas generators in recent years.
- However, the lack of gas grid connectivity via pipeline, resulting in hindered fuel supply, is expected to act as a challenging factor to overcome the gas generator market in the coming years.
- The growing population of China is expected to give rise to the demand for power, manufacturing, and chemical industries. With increasing gas production, gas generators will likely create significant market opportunities.
