Gas power equipment refers to machinery and equipment that is powered by natural gas or propane, rather than electricity or diesel fuel. This equipment is commonly used in a variety of industrial, commercial, and residential applications, such as power generation, heating, and cooking. According to the latest research, the global gas power equipment market is poised to grow by USD 1.8 billion during 2023-2029, progressing at a CAGR of 2.4% during the forecast period.
This industry report offers market estimates of the global market, followed by a detailed analysis of the product, and region. The global market data on gas power equipment can be segmented by product: gas generator sets, gas turbines. The gas turbines segment is estimated to account for the largest share of the global gas power equipment market. Gas power equipment market is further segmented by region: Asia-Pacific, Europe, North America, Rest of the World (RoW). Asia-Pacific held the largest revenue share in 2022.
The global gas power equipment market is highly competitive. The prominent players operating in the global gas power equipment market include AKSA Power Generation, Ansaldo Energia S.p.A., Blue Star Power Systems Inc., Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac Holdings Inc., General Electric Company, HIMOINSA S.L. (Yanmar Co. Ltd.), Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce Power Systems AG, Siemens AG, Solar Turbines Incorporated.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2023-2029 |
| CAGR (2023-2029) | 2.4% |
| Pages | 21 |
| Key Players | AKSA Power Generation, Ansaldo Energia S.p.A., Blue Star Power Systems Inc., Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac Holdings Inc., General Electric Company, HIMOINSA S.L. (Yanmar Co. Ltd.), Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce Power Systems AG, Siemens AG, Solar Turbines Incorporated |
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