Gas Generator Sets Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity
The Gas Generator Sets Market was estimated at USD 8.85 billion in 2021 and is likely to grow at a CAGR of 7.56% from 2022 to 2028 to reach USD 14.79 billion in 2028. Gas generator sets (often referred to as gas gensets) are devices that convert energy from gas (such as natural gas, biogas, or propane) into electrical power. They consist of an internal combustion engine that runs on gas and is coupled with an alternator that produces electricity.