How big is the Natural Gas Generator Market | Growth, Size & Analysis 2031

Code: MTA7643 Publication Date: Aug 2025

What is the size of the Natural Gas Generator Market?

According to 6Wresearch internal database and industry insights, the Global Natural Gas Generator Market was valued at USD 9.2 Billion in 2024 and is expected to reach USD 13.7 Billion by 2031, growing at a compound annual growth rate of 5.80% during the forecast period (2025-2031).

This growth is driven by the rising demand for cleaner backup power solutions, growing grid instability, and the increasing industrial and commercial dependence on distributed energy systems.

Key Growth Drivers of the Natural Gas Generator Market

  • Shift from diesel to cleaner-burning natural gas alternatives due to emission regulations
  • Frequent power outages and unreliable grid infrastructure in emerging markets
  • Growth in data centres, healthcare, and manufacturing sectors needing uninterrupted power
  • Increasing awareness of carbon footprint reduction goals among corporates
  • Government support and incentives for gas-based and hybrid power generation

Natural Gas Generator Market Trends

The natural gas generator market is witnessing growing adoption of modular and scalable natural gas generators, especially in the telecom, industrial, and commercial sectors. Solar-gas hybrid systems are also on the increase. There is growing demand of the remote monitoring and intelligent generator management system. The manufacturers are concentrating on reducing noise levels and hassle-free design and engines that are more fuel efficient. Gas generator leasing and rental of gas generators are becoming an alternative way of temporarily getting power.

Emerging Developments in the Natural Gas Generator Market

New developments are in microgrid integration with gas generators to smooth stochasticity in renewables. Dual-fuel engines and gas-engine hydrogen readiness are among the generators and engines being purchased by players to futureproof their products. On a pilot basis, there are carbon capture-enabled natural gas generators. Fault prediction with the help of AI and IoT enabled predictive maintenance is implemented to reduce downtime. A trend has also evolved to portable and containerized generator sets aimed at disaster recovery and the remote area electrification.

List of Leading Companies in the Natural Gas Generator Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1.Caterpillar Inc.

Company NameCaterpillar Inc.
Establishment Year1925
HeadquarterIllinois, United States
Official WebsiteClick here

Offers a broad portfolio of natural gas generators for industrial, commercial, and utility-grade applications with integrated control systems.

2.Cummins Inc.

Company NameCummins Inc.
Establishment Year1919
HeadquarterIndiana, United States
Official WebsiteClick here

 

Cummins manufactures low-emission natural gas generator sets suitable for standby and continuous power across sectors.

3.Generac Power Systems

Company NameGenerac Power Systems
Establishment Year1959
HeadquarterWisconsin, United States
Official WebsiteClick here

Specializes in residential and commercial-grade natural gas generators with smart monitoring capabilities.

4.Kohler Co.

Company NameKohler Co.
Establishment Year1873
HeadquarterWisconsin, United States
Official WebsiteClick here

Kohler provides durable and reliable natural gas gensets for backup and primary power needs.

5.Wartsila Corporation

Company NameWartsila Corporation
Establishment Year1834
HeadquarterHelsinki, Finland
Official WebsiteClick here

Wartsila designs high-efficiency gas power generation systems with modular and grid-parallel operation.

6.MTU Onsite Energy (Rolls-Royce Power Systems)

Company NameMTU Onsite Energy (Rolls-Royce Power Systems)
Establishment Year1909
HeadquarterFriedrichshafen, Germany
Official WebsiteClick here

Delivers high-performance gas generator systems for mission-critical power infrastructure.

7.GE Vernova (GE Power)

Company NameGE Vernova (GE Power)
Establishment Year1892
HeadquarterMassachusetts, United States
Official WebsiteClick here

A leader in large-scale gas engines and combined heat and power (CHP) natural gas generators.

8.Doosan Portable Power

Company NameDoosan Portable Power
Establishment Year1871
HeadquarterStatesville, United States
Official WebsiteClick here

Offers compact and efficient mobile gas generators for construction, events, and remote operations.

9.Briggs & Stratton Corporation

Company NameBriggs & Stratton Corporation
Establishment Year1908
HeadquarterWisconsin, United States
Official WebsiteClick here

Provides residential and light commercial standby generators powered by natural gas

10.Aggreko Plc (Global Rental Player)

Company NameAggreko Plc (Global Rental Player)
Establishment Year1962
HeadquarterGlasgow, United Kingdom
Official WebsiteClick here

Specializes in temporary power and modular generator rental solutions powered by natural gas and hybrid systems.

How big is the Natural Gas Generator Market : FAQ's

It stood at USD 9.2 Billion in 2024, expected to reach USD 13.7 Billion by 2031.
The natural gas generator market is projected to grow at a CAGR of 5.80% from 2025 to 2031.
Due to rising preference for cleaner backup power, frequent grid disruptions, and expanding industrial and commercial energy needs.
Emergency backup, continuous power supply, grid support, peak shaving, and hybrid renewable systems.
North America and Asia Pacific lead due to industrialization, natural gas availability, and infrastructure development.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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