The gensets feature distributed power generation units that use reciprocating internal combustion engines to produce useable energy from gaseous fuels.
According to market watchers, distributed generation has several advantages over traditional large centralised power stations, including going online more quickly, reducing demand pressure on the electrical grid, and reducing inefficiencies that are common in centralised power generation, transmission and distribution.
According to a new report from Pike Research, installations of natural gas gensets from 2013 to 2018 will total 60 gigawatts of capacity, producing almost $10bn in annual revenue, by 2018.
Until recently, the natural gas genset market has experienced steady growth, but a boom in unconventional gas resources and tightening regulations limiting stationary generator emissions point to accelerating growth over the next decade, said Pike senior research analyst Mackinnon Lawrence.
The number of specialised segments within the genset market spanning power classes, applications and end-use customers offers a rich ecosystem of opportunities for market participants.
