North
America region led the global gas generators market in the historical period
and is expected to continue holding its top position through the forecast
period. The US was identified as the top country for gas generators market in
terms of market volume, followed by UK and China.
In 2017, in terms of market volume, the US held 30.0% share in the global
market. The US held approximately 2.5 gigawatts (GW) of new capacity in 2017
and is expected to reach 4.6 GW in 2022. The US energy portfolio is
dominated by gas and increasing shale gas production will further increase this
share. The US natural gas production in 2016 was the second-highest level
recorded, down slightly from 2015, which has the highest-recorded production
level. In 2016, US dry natural gas production was equal to about 97% of US
natural gas consumption. (EIA, 2017). The US has a well-laid-out gas
infrastructure network, which eases gas availability for consumers. This is one
of the factors for the growth of gas generators market in the US.
In 2017, UK
ranked as second among the key countries in terms of gas generators market
volume with 600 MW of new build capacity. The UK gas generators market is
largely driven by the capacity market auctions. China held the third position
with an installed capacity of 570 MW in 2017. Economic development in
central and northern China, increasing urbanization, and rising living
standards have contributed to this growth in the market. China still lacks an
extensive national grid; rural areas are not adequately connected. To support
economic growth in these areas, the government is promoting distributed
generation, which is expected to benefit the gas generators market.