Market Trends of China Gas Generator Industry
Below 75 kVA Capacity Gas Generator to Witness Significant Growth in the Market
- Less than or equal to 75 kVA gas generators are used in the telecommunication sector, commercial complexes, small restaurants, small-scale industries, and petrol stations, among others, primarily as backup power in grid-connected areas and as the main power source in off-grid areas.
- The demand for less than or equal to 75 kVA gas generators is expected to increase with the change in the landscape for small businesses, especially in countries like China, where the rising population is expected to drive the need for gas generators.
- The building and construction market is on the rise in China due to current government initiatives, such as smart cities and green building initiatives, which are expected to create the demand for gas generators during the forecast period and drive the market.
- With 209.2 billion cubic meters of gas production in 2021, the application of the gas generator is expected to increase significantly in the forecast period.
- With a reduction in the prices of natural gas and growing manufacturing and construction industries, the market of gas generators can witness significant growth in the forecast period.
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Industrial Sector to Dominate the Market
- The industrial sector, which includes mining, manufacturing, agriculture, and construction, accounts for the largest share of energy consumption of any end-use sector and accounts for a major share of the gas generator market in China.
- The increase in the renewable installed capacity to 1020 GW in 2021 would require temporary power backup in case of peak demand or curb the limitation of renewable in adverse weather conditions. Hence, the demand for gas generators is likely to increase in the forecast period.
- Increasing demand for continuous and reliable power supply from these industries, especially from healthcare facilities, pharmaceutical industries, and manufacturing facilities, is expected to boost the demand for gas generators.
- Moreover, as the air emission norms are becoming more stringent in China, coupled with the environmental benefits, the demand for gas generators is expected to witness a significant increase, as compared to diesel generators, which are considered more polluting.
- Government initiatives to expand the industrial sector, especially in China, are expected to boost the demand for gas generators over the forecast period.
