Natural Gas Generator Set Installations Will Surpass 13 Gigawatts of Capacity by 2018, Forecasts Nav

Natural Gas Generator Set Installations Will Surpass 13 Gigawatts of Capacity by 2018, Forecasts Navigant Research

BOULDER, Colo.--(BUSINESS WIRE)-- Natural gas generator sets (NG gensets), which use internal combustion engines for distributed power generation, are among the fastest-selling, least expensive distributed generation technologies in the world. Many specialized NG genset segments span power classes, applications, and end-use customers, and offer a rich ecosystem of opportunities for market participants. According to a recent report from Navigant Research, annual worldwide installations of natural gas gensets will surpass 13 gigawatts of capacity by 2018.

"In backup or standby applications, NG gensets offer reliable performance with expanding opportunities among homeowners and commercial facilities, such as hospitals and data centers requiring mission-critical power in the event of a grid outage," says Mackinnon Lawrence, principal research analyst with Navigant Research. "With emissions restrictions and inexpensive natural gas pointing to long-term value for new installations, NG gensets are capturing increasing market share as a source of continuous or prime power."

Although the outlook for growth is promising, the NG genset market remains fraught with complexity. No single solution can be applied successfully to the entire addressable market, and with the exception of a few diversified companies, market participants remain highly specialized in one or two market segments, catering to a narrow set of needs. For this reason, barriers to entry for new market participants are high, according to the report.

The report, "Natural Gas Generator Sets", analyzes the global market potential for natural gas gensets, from less than 15 kilowatts to six megawatts for residential, commercial, and industrial applications. The study includes in-depth assessments of global regions for capacity installations, an analysis of global gas resource development, and profiles of the key industry players engaged in this market. Regional market forecasts are provided through 2018 for annual installations and revenue, segmented by power class as well as for power generation and combined heat and power applications. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.

* The information contained in this press release concerning the report, "Natural Gas Generator Sets," is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Navigant Research
Richard Martin
+1.303.493.5483
richard.martin@navigant.com
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Laverne Murach
+1.202.481.7336
laverne.murach@navigant.com

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