천연가스 연료 분산형 발전 시장 예측(-2030년) : 기술별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Distributed Natural Gas Fueled Generation Market is accounted for $28.7 billion in 2023 and is expected to reach $65.5 billion by 2030 growing at a CAGR of 12.5% during the forecast period. The Distributed Natural Gas Fueled Generation Market refers to the segment of the energy industry that involves the production of electricity through small-scale power plants fueled by natural gas, which are dispersed across various locations rather than centralized in a single facility. These distributed generation systems typically utilize reciprocating engines, microturbines, or fuel cells to convert natural gas into electricity. This decentralized approach to power generation involves smaller-scale facilities located closer to the end-users, offering benefits such as reduced transmission losses and enhanced grid reliability.

Market Dynamics:

Driver:

Growing concerns about climate change

As the world seeks to reduce greenhouse gas emissions, natural gas is increasingly viewed as a transitional fuel due to its lower carbon intensity compared to coal and oil. Distributed generation, which involves generating electricity close to where it is consumed, offers numerous benefits including improved efficiency, reduced transmission losses, and increased grid resilience. This trend is bolstered by policies promoting renewable energy integration and decarbonization efforts. Moreover, the flexibility and reliability of natural gas make it a valuable complement to intermittent renewable energy sources, ensuring a stable energy supply while transitioning to a more sustainable energy future.

Restraint:

Competitive pressures

Competitive pressures are significantly constraining the Distributed Natural Gas Fueled Generation Market. With the energy sector witnessing a surge in alternative energy sources, natural gas-fueled generation faces stiff competition. Renewable energy options like solar and wind power are becoming increasingly cost-effective and environmentally friendly, leading to greater adoption and market penetration. As a result, players in the distributed natural gas-fueled generation market are under pressure to innovate, reduce costs and enhance efficiency to stay competitive.

Opportunity:

Increasing demand for electricity

Distributed generation offers greater flexibility and reliability compared to centralized power plants, particularly in areas prone to grid disruptions or remote regions where extending traditional power infrastructure is cost-prohibitive. Natural gas is abundant and relatively inexpensive, making it an attractive fuel option for generating electricity. Furthermore, advancements in technology have made distributed natural gas-fueled generators more efficient and environmentally friendly, aligning with the increasing emphasis on sustainability.

Threat:

Price volatility

Natural gas prices are subject to fluctuations influenced by various factors such as supply and demand dynamics, geopolitical tensions, weather patterns, and regulatory changes. This volatility introduces uncertainty for investors and developers in DNGFG projects, making it challenging to predict long-term profitability and return on investment. High price volatility can deter potential investors from committing to DNGFG projects, as they may fear the risk of sudden cost increases that could erode margins or lead to financial losses.

Covid-19 Impact:

Initially, the industry experienced disruptions due to supply chain challenges, workforce shortages, and reduced demand as businesses scaled back operations amid lockdowns and economic uncertainty. Many construction projects were delayed or put on hold, hindering the installation of new natural gas-powered generation systems. However, as the pandemic progressed, the importance of reliable energy infrastructure became evident, driving a gradual recovery in demand for distributed natural gas-fueled generation solutions.

The Microturbine segment is expected to be the largest during the forecast period

Microturbine segment is expected to be the largest during the forecast period due to its compact size, high efficiency, and versatility. These turbines are small-scale power generators that utilize natural gas to produce electricity, making them ideal for decentralized energy production. Their compact design allows for installation in various settings, including residential, commercial, and industrial applications. Microturbines offer several advantages over traditional power generation systems, such as lower emissions, reduced maintenance costs, and increased reliability.

The Industrial segment is expected to have the highest CAGR during the forecast period

Industrial segment is expected to have the highest CAGR during the forecast period. Industrial entities are increasingly adopting distributed natural gas-fueled generation systems as reliable on-site power solutions to meet their energy demands. These systems offer advantages such as cost-effectiveness, efficiency, and environmental sustainability compared to traditional grid electricity. Moreover, industries often have high energy requirements and operate in diverse locations, making distributed generation an attractive option for ensuring uninterrupted power supply.

Region with largest share:

Asia Pacific region is expected to hold the largest share over the extrapolated period. With growing concerns about environmental sustainability and the need to diversify energy sources, governments across the region are implementing regulations favoring the adoption of cleaner energy solutions like natural gas. These regulations often include incentives such as subsidies, tax breaks, and streamlined permitting processes for distributed natural gas fueled generation projects. Additionally, stringent emissions standards and targets for reducing greenhouse gas emissions are pushing industries and utilities to transition away from more polluting fuels towards cleaner alternatives like natural gas.

Region with highest CAGR:

Europe region is projected to hold profitable growth during the domination period. As regulatory frameworks encourage the shift towards renewable energy sources and strive for energy security, decentralized power generation systems are gaining prominence. This decentralization empowers local communities, businesses, and even individual households to invest in and manage their own energy production using natural gas. Furthermore, advancements in technology, such as microgrid solutions and smart meters, enable efficient utilization and distribution of natural gas-generated power at a local level.

Key players in the market

Some of the key players in Distributed Natural Gas Fueled Generation market include ABB Group, Bloom Energy Corporation, Caterpillar Inc, Cummins, Inc, Doosan Corporation, FuelCell Energy, Inc, General Electric, JFE Holdings, Inc, Kawasaki Heavy Industries, Ltd, MAN Energy Solutions SE, Mitsubishi Power, Ltd, Plug Power Inc, Redox Power Systems, LLC, Rolls-Royce Holdings PLC and Siemens AG.

Key Developments:

In June 2020, With an aim to design and develop fuel cell-powered ships, Bloom Energy BE announced that it has signed a joint development agreement (JDA) with Samsung Heavy Industries (SHI), which is part of Samsung Group. The vision of both companies is to generate clean power for ships and make the marine industry more sustainable.

Technologies Covered:

• Microturbine
• Stationary Fuel Cells
• Natural Gas Gensets
• Other Technologies

End Users Covered:

• Commercial
• Industrial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Distributed Natural Gas Fueled Generation Market, By Technology

• 5.1 Introduction
• 5.2 Microturbine
• 5.3 Stationary Fuel Cells
• 5.4 Natural Gas Gensets
• 5.5 Other Technologies

6 Global Distributed Natural Gas Fueled Generation Market, By End User

• 6.1 Introduction
• 6.2 Commercial
• 6.3 Industrial
• 6.4 Other End Users

7 Global Distributed Natural Gas Fueled Generation Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 ABB Group
• 9.2 Bloom Energy Corporation
• 9.3 Caterpillar Inc
• 9.4 Cummins, Inc
• 9.5 Doosan Corporation
• 9.6 FuelCell Energy, Inc
• 9.7 General Electric
• 9.8 JFE Holdings, Inc
• 9.9 Kawasaki Heavy Industries, Ltd
• 9.10 MAN Energy Solutions SE
• 9.11 Mitsubishi Power, Ltd
• 9.12 Plug Power Inc
• 9.13 Redox Power Systems, LLC
• 9.14 Rolls-Royce Holdings PLC
• 9.15 Siemens AG