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

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

Business Wire

BOULDER, Colo. -- May 24, 2013

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 (NYSE: 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.

Contact:

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