France Gas Genset Market:
France's gas genset market is expanding rapidly, driven by increasing awareness of environmental sustainability and the adoption of cleaner energy solutions. Natural gas generators are preferred over diesel alternatives due to their lower emissions of pollutants and compliance with strict EU emissions standards, contributing to France's energy transition objectives.
In residential applications, French consumers choose gas gensets for backup power during outages, appreciating their quieter operation and reduced environmental impact compared to diesel generators. Commercial sectors such as hospitality, healthcare, and retail utilize gas gensets to ensure uninterrupted operations while minimizing their carbon footprint and energy costs. Industrial applications, including manufacturing and utilities, rely on gas gensets for primary and standby power, benefiting from their efficiency and reliability in critical operations.
Key players in the French market include Schneider Electric SE, Himoinsa S.L., Caterpillar Energy Solutions GmbH (MWM), and SDMO Industries, offering a range of gas genset products designed to meet diverse customer needs and regulatory requirements across different regions of France.
In 2023, the Gas Genset Market was estimated to be worth USD 11.3 billion. According to projections, the gas generator market business will expand at a compound annual growth rate (CAGR) of 4.44% from USD 11.87 billion in 2024 to USD 16.8 billion by 2032.
The global gas genset market report by Market Research Future (MRFR) provides a comprehensive overview of the industry combined with the impact of the COVID-19 pandemic over the forecast period (2024-2032).
Market Scope
The global gas genset market is expected to grow at ~5.00 % CAGR during the forecast period.
Segmentation
The global gas genset market has been segmented based on fuel, power rating, application, and end-user.
Based on fuel, the market is classified into natural gas, biogas, and others. Natural gas segment is leading the market and has the largest market share, mainly due to availability of natural gas.
The global gas genset market is further segmented based on power rating into up to 100 KVA, 100-350 KVA, 350-1000, and above 1000 KVA.
Based on application, the global gas genset market is segmented into standby, peak shaving, and continuous. Standby segment led the global gas genset market in 2017.
By end-user, it is segmented into residential, industrial, and commercial. Residential segment is estimated to register the highest growth rate in the global gas genset market during the forecast period.
Regional Analysis
North America is expected to be the fastest-growing market, by region, during the forecast period. This is due to the rising production of natural gas and shale gas in the region. US is expected to dominate the gas genset market in North America owing to declining prices of natural gas and due to carbon emission reduction targets. Asia-Pacific also offers promising business opportunities in the gas genset market owing to rising natural gas production in Southeast Asian countries in the region.
Competitive Outlook
- Caterpillar
- Cummins
- Wartsila
- Siemens AG
- GE
- ABB
- Genrac Power Systems
- MTU Onsite Energy GmbH
- PARAMAC
- Himoinsa
- Sudhir Power
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