Gas Generators, Update 2018

by Sameer Joshi or 10-Mar-2018

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.