Natural gas generators are widely used generators which use natural gases for electricity generation. Natural gas generators are used in industries as well as in residence for electricity generation. In terms of operation cost, natural gas generators are more expansive as compared to other generators such as diesel generator. Natural gases are one of the most affordable and successful non-renewable energy resources used for power generation.
The global natural gas generator market reached USD 4,600.3 Million in 2016 by registering a CAGR of 8.1% across the globe. Moreover, the market is anticipated to reach USD 8,511.1 Million by the end of 2024. Global installed capacity in natural gas generators are estimated to grow from 12.9 GW in 2015 to 26.3 GW by 2024 end.