By June 18, 2016 Read More →

Global market for natural gas power generation installations to be $35.9 Billion by 2025

Distributed natural gas-fueled generation can serve developed and emerging worlds, report finds

global marketBOULDER, Colo. – As coal consumption drops and global demand for electricity grows, the market for natural gas-fueled power generation is poised for rapid growth through 2025 in both developing and emerging economies, according to a new report from Navigant Research

Despite recent slowdowns in the oil & gas market, distributed natural gas-fueled generation (DNGG) is positioned for growth, with key drivers such as demand for reliable power, stricter environmental standards, and the decreasing costs of onsite generation relative to alternatives like grid power.

“DNGG is cleaner than diesel or coal generation and, unlike renewables, doesn’t rely on the sun or wind in the production of critical power,” says Adam Forni, senior research analyst with Navigant Research.

In addition, DNGG’s related technologies are placed at the intersection of two of today’s biggest energy trends: the proliferation of distributed energy resources and the growing abundance of cheap oil & gas.

“With fuel prices low and environmental policies favoring natural gas, global demand is growing from a wide range of segments—from residential, to industrial, to utilities,” said Forni.

DNGG is expected to serve both the developed world and developing nations, according to the report.

In the developed world, emissions regulations will help DNGG continue to displace higher-emitting incumbents like diesel generator sets, while developing nations will incorporate more DNGG to meet reliability requirements and satisfy growing electricity demand.

The report, Market Data: Distributed Natural Gas-Fueled Generation, analyzes the global market for DNGG for residential, commercial, industrial, and utility applications.

The study provides an analysis of key market and technology developments and covers natural gas gensets (less than 6 MW), stationary fuel cells, and microturbines.

Global market forecasts for capacity and revenue, segmented by technology and region, extend through 2025.

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