Europe Gas Generator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Capacity (Less Than 75 kVA, 75 - 375 kVA and More than 375 kVA), End-User (Residential, Commercial, and Industrial), and Geography (Germany, Denmark, Italy, The United Kingdom, and Rest of Europe)

Market Snapshot

Market Summary
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >5.1 %

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Market Overview

The gas generator market is expected to play an important role in the energy mix of Europe, mainly used in industrial and commercial applications. The European gas generator market is expected to witness a CAGR of more than 5.1% over the forecast period, 2020-2025. Factors such as stringent environmental regulations, declining gas prices, rising demand for reliable power supply, and increasing demand for flexible transmission of renewable power are driving gas generators in Europe. The growing need for uninterrupted power supply during power outages and power failure has boosted the adoption of gas generators in all major sectors in Europe. However, limited power generation capacity, high maintenance & operating cost and a growing tendency towards renting gas generators are expected to restrain market growth, as customers see the financial benefits offered by renting, as opposed to buying generators.

  • The industrial sector is expected to dominate the market during the forecast period, supported by the increase in demand from telecom, retail, and manufacturing industries.
  • Europe has plans to move towards meeting its emission reductions targets by 2030, therefore, gas generators are expected to gain market share among end-user segments that were dominated by diesel generators as the region moves towards lower-emission fuel sources, which in turn, is expected to create significant opportunities for market participants in the near future.
  • Germany is expected to be the largest market during the forecast period for Europe gas generator.

Scope of the Report

The Europe gas generator market report includes:

Capacity
Less than 75 kVA
Between 75-375 kVA
More than 375 kVA
End-User
Residential
Commercial
Industrial
Geography
Germany
Denmark
Italy
The United Kingdom
Rest of Europe

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Key Market Trends

Industrial Sector to Dominate the Market

  • Industrial sector is the dominant market for gas generators due to the rapid industrialization and urbanization in the region. For growing manufacturing industries continuous power supply is required. Therefore, industrial sectors are mainly dependent on electricity generated from generators during power outages and in regions where grid access is limited.
  • Moving towards cleaner sources of power generation is also a key driver for industrial sectors to use gas generators, as countries in the region are keen on replacing polluting diesel generators in the future.
  • Falling prices of gas also make gas generators attractive, as the project economics improve. The growth of power storage is also expected to play a role in increasing gas generators sales, as the demand for hybrid generator increases.
  • The strengthening of the gas pipeline infrastructure and storage network across Europe is leading to the increasing uptake of gas generators in prime power and back-up power applications in industrial sector.
Europe Gas Market, Market Share

Germany to Dominate the Market

  • To reduce emissions, Germany is rapidly adopting gas-based generators due to which the gas generators market is expected to dominate during the forecast period.
  • The gas generator market is being driven by increasing renewable power generation, which creates the need for flexible baseload power to compensate for the intermittent nature of renewable energy, as well as the gas availability in Germany is encouraging countries to move towards more gas-based power.
  • As the air emission norms are becoming more stringent in Germany, coupled with the environmental benefits, the demand for gas generators is expected to witness a significant increase, as compared to diesel generators.
  • Growing adoption of gas generators as backup power source across hospitals, IT and financial service firms, and other commercial spaces in Germany is expected to have a positive influence on the industry landscape.
  • This, in turn, is expected to drive the Europe gas generators market for back-up power applications in the coming years.
Europe Gas Generator Market, Renewable Energy

Competitive Landscape

The Europe gas generator market is moderately consolidated. Some of the major players in the market include Caterpillar Inc., Cummins Inc., Generac Holdings Inc., MTU Onsite Energy Corp, and Himoinsa sl.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Force Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitute Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Capacity

      1. 5.1.1 Less than 75 kVA

      2. 5.1.2 Between 75-375 kVA

      3. 5.1.3 More than 375 kVA

    2. 5.2 End-User

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

      3. 5.2.3 Industrial

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 Denmark

      3. 5.3.3 Italy

      4. 5.3.4 The United Kingdom

      5. 5.3.5 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Caterpillar Inc.

      2. 6.3.2 Cummins Inc.

      3. 6.3.3 Generac Holdings Inc.

      4. 6.3.4 MTU Onsite Energy Corp

      5. 6.3.5 Himoinsa sl

      6. 6.3.6 Aggreko plc

      7. 6.3.7 Genesal Energy

      8. 6.3.8 Cipriani Srl

      9. 6.3.9 Green Power Systems S.r.l.

      10. 6.3.10 FG Wilson Power Equipment Co Ltd

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Europe Gas Generator Market market is studied from 2016 - 2026.

The Europe Gas Generator Market is growing at a CAGR of >5.1% over the next 5 years.

MTU Onsite Energy Corp , Cummins Inc. , Generac Holdings Inc. , Caterpillar Inc. , Himoinsa sl are the major companies operating in Europe Gas Generator Market.

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