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Gas genset installation capacity to reach 60 GW in 2018 – report

Wed, 02/13/2013 - 17:36 -- Ruth Williams

Global installations of gas gensets from 2013 to 2018 will total 60 GW of capacity, according to a new report from Pike Research.

The installation of 60 GW capacity worldwide will generate almost $10bn in annual revenue, said the report.

“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,” says Pike Research 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,” he added.