The gas genset market is set to continue to boom, according to a report by RnRMarketResearch.com. The report suggests the discoveries of gas reserves will power the gas-generator set market to grow from US$3.3bn in 2013 to US$6bn in 2020.
Focusing upon the US, UK, India, Brazil, China and Nigeria, the report suggest North America will have the largest share of the market – 33%, followed by South America – 30% – and Asia-Pacific regions -20%. These large shares are due to shale gas discoveries and the low prices brought by commercial exploitation of the regions.
Another contributing market driver the report identifies is the strict emission regulations that diesel gensets must comply with, which gas-gensets are not affected by.
The report identifies poor gas infrastructure in most countries as a limiting factor to wider use of gensets, because reliable gas supply can be more expensive than diesel.
