This is the first article in a series on the future of the natural gas generator market. In this piece we take a closer look at how the technology behind the product may impact the long-term outlook for its growth. With many of today’s large utility companies facing pressures to invest in more renewable energy sources, such as wind and solar power, the natural gas generator market is poised to take off as one of the fastest growing markets over the next few years. As the world continues to face the perils of climate change, this clean, renewable energy source could be a key player in helping to alleviate some of the pressure that has been placed on major utilities.
As part of a broader trend of investing in cleaner energy solutions, the major oil producing countries around the world are allocating increasing amounts of cash to find new ways to extract more oil from the Earth’s crust. This effort has the potential to create a large number of jobs, because of the need to train workers for new natural gas generator jobs as well as the need for new infrastructure to extract and transport the crude. In the United States, natural gas is currently the second largest source of jobs, following only coal.
Much of the investment in the search for new sources of fuel goes into researching and developing more efficient fuel sources. As part of this effort, major utilities have been looking at the development of natural gas generators as an alternative to their traditional electricity sources. This could provide a major boost to the market share held by the company that controls most of the natural gas supply in the United States. With a medium power generator, a homeowner could take advantage of this trend and become the envy of the neighborhood. This article will focus on examining what advantages a high capacity medium power generator has over low capacity models.
The major benefits of investing in high capacity gas generators are that they offer higher reliability and are more durable than smaller units. While it may be difficult to imagine a scenario where a medium sized generator is required to meet the needs of a rural area, even a suburban home that needs to remain connected to the grid will be subject to outages during the warmer summer months. This could mean the difference between a reliable electricity service and an erratic one.
The high capacity market segment will be the largest source of growth over the next few years. Currently, it holds a ten percent share of the entire natural gas generator market. If you invest in one of these large gas generator sets, your investment will be guaranteed to grow over the next several years. As natural gas generators continue to replace older sources of electricity in both industrial and residential markets, the amount of demand for power generated at power plants around the country will continue to grow. In fact, it is estimated that the demand for this form of energy will outpace the growth of supply for at least the next ten years.
With this outlook comes an opportunity for those in the United States and other parts of the world who want to take advantage of this low power generation technology. There are currently no major barriers standing in the way of investors in this sector. Many investors have made their moves to Asia Pacific countries like China and India, as well as the Middle East. These locations currently hold the most promise as a means to generate a profit for their clients.
If you can take advantage of the opportunity before others do, you stand a good chance of securing a firm market share. Even with current regulations in place, there is still room for you to gain ground. There are currently a number of generators on the market that use fossil fuels as the primary source of power. They do not compare to natural gas generators, but some may surprise you with how well they perform in certain situations. You could capitalize on their shortcomings, making them less than suitable for certain applications.
On the other hand, it appears that oil is the fuel of the future. The cost of oil is predicted to rise, forcing utilities to find more cost effective ways to produce power. Natural gas generators will likely be part of their resources in the future, as they provide a cleaner and renewable form of energy. Over the next several years, the forecast period for this category of product is very positive. It is too soon to make a final decision, but the proof of it is already in the forecast period.