March 19, 2013: Natural Gas Generator Market Forecast to Reach Nearly $10 Billion by 2018
BOULDER, Colo. — Installations of natural gas generator sets (gensets) are expected to grow from 2013 to 2018 to a total of 60 gigawatts of capacity, becoming a nearly $10 billion market by 2018, according to a new report from Pike Research, a part of Navigant’s Energy Practice.
Natural gas gensets are distributed power generation units that use reciprocating internal combustion engines to produce energy from gaseous fuels. Distributed generation has several advantages over traditional large centralized power stations, including going on-line more quickly, reducing demand pressure on the electrical grid, and reducing inefficiencies that are common in centralized power generation, transmission, and distribution.