Report: Natural gas genset installations to double by 2024

 Report: Natural gas genset installations to double by 2024

Caption: Deutz natural gas genset engine series

Annual installations of natural gas generator sets (gensets) are expected to grow from 12.9 GW in 2015 to more than 27.1 GW in 2024, according to a new report from Navigant Research.

Used for emergency standby, prime, peaking, or continuous power, natural gas-fired gensets are poised for rapid growth in the coming years, particularly in markets where inexpensive natural gas is widely available, such as North America.

“The reciprocating engines used in natural gas gensets represent a widespread and mature technology used for all types of power generation, from small portable gensets to larger industrial engines that power generators of several megawatts,” said Taylor Embury, research analyst with Navigant Research. “These engines also come in a variety of configurations that can serve multiple applications.”

The higher capital costs and fuel delivery infrastructure requirements of natural gas gensets have, in the past, been a disadvantage versus diesel gensets. However, today, the line between natural gas and diesel gensets is becoming blurred with the increasing popularity of dual-fuel gensets, according to the report.

These systems offer the energy content of diesel while taking advantage of the low price and low emissions of natural gas.

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