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Frost & Sullivan: Low-Risk Technology, Favourable Capital Costs, and Higher Efficiency Make a Strong Case for Gas Gen-Sets

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6 Pages
English

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Frost & Sullivan: Low-Risk Technology,Frost & Sullivan: Low-Risk Technology, Favourable Capital Costs, and Higher Efficiency Make a Strong Case for Gas Gen-Sets PR Newswire LONDON, Feb. 11, 2014 - Revenues to double by 2019 - Emerging countries prove fertile markets due to increased liberalization and the wide gap in the supply and demand of power In the last three years, gas gen-sets have risen in prominence in Europe and the United States due to stricter emission laws and lower gas prices. The shale gas boom in the United States and increasing adoption of biogas in Europe have kept the gas gen-sets market in the two regions buoyant while liberalization has given a leg up to the market in emerging countries. In fact, China and India have become the largest production hubs for gen- sets with many large manufacturers building their capabilities organically or through tie-ups and alliances. New analysis from Frost & Sullivan (http://www.energy.frost.com), Global Gas Gen-Sets Market, finds that the market earned revenues of $4.14 billion in 2013 and estimates this to reach $8.59 billion in 2019. The study covers the end-user segments of residential, commercial and industrial. Gas gen-sets easily comply with environmental regulations by producing greater amounts of electricity through highly efficient, decentralized natural gas combined heat and power (CHP) systems.

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Published 11 February 2014
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Language English

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Frost & Sullivan: Low-Risk Technology, Favourable Capital Costs, and Higher Efficiency Make a Strong Case for Gas Gen-Sets

PR Newswire

- Revenues to double by 2019 - Emerging countries prove fertile markets due to increased liberalization and the wide gap in the supply and demand of power

In the last three years, gas gen-sets have risen in prominence in Europe and the United States due to stricter emission laws and lower gas prices. The shale gas boom in the United States and increasing adoption of biogas in Europe have kept the gas gen-sets market in the two regions buoyant while liberalization has given a leg up to the market in emerging countries. In fact, China and India have become the largest production hubs for gen-sets with many large manufacturers building their capabilities organically or through tie-ups and alliances.