Automotive & transportation

Gas Engines Market Global Industry Analysis, size, share and Forecast 2020-2027

The market report firstly enfolds a comprehensive analysis and assessment of the market. The report contains all-inclusive information related to the latest market updates including the emerging trends, market size, share, growth rate, and leading players for the given forecast period. It mainly aims to help the market players in achieving significant profit over the anticipated period.

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Leading industry players of the Gas Engines Market:

Numerous key players in the Gas Engines Market are Cummins Inc, Man SE, General Electric Company, Caterpillar Inc, Wartsila Corporation, Rolls-Royce Holdings Plc, Mitsubishi Heavy Industries Ltd, Liebherr Group, Kawasaki Heavy Industries Ltd, and JFE Engineering Corporation, among others.

Key Drivers of the Gas Engines Market:

The increasing implementation of stricter emission regulations and strong demand for efficient and clean power generation technology are the key drivers surging the growth of the gas engines market size. With the increasing globalization and urbanization, lifestyle and work culture have significantly changed, which has surged the usage of electricity. Households, manufacturing and production companies, and electric vehicles are the biggest consumers of electricity. The electricity generation is one of the major use of gas engines, thus the accelerating demand for electricity and decreasing price of natural gas are some other factors propelling the growth of the global gas engines market.

The strong demand for small gas engine products is encouraging the car manufacturers to meet stringent emission norms, such as EURO 6, and the ACEA agreement. This downsizing phenomenon is setting up new technical avenue including biofuels and micro-hybridization, which provides prospects for market growth. In addition to this, emission legislation is a major factor for engine downsizing and has increased the growth of technologies such as gasoline direct injection, engine boosting, and others. On the other edge of the spectrum, the price discrepancy across regional market is likely to hamper the market growth.

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Segmentation of the Gas Engines Market:

This report carefully analyses all segments of the Gas Engines Market. The market forecast has also taken into consideration fuel type, power output, application, End-User, and region segments of the industry.

Gas Engines Market by Fuel Type:

  • Natural Gas
  • Special Gas
  • Others (producer gas, coal gas, and propane gas)

Gas Engines Market by Power Output:

  • 5–1 MW
  • 1–2 MW
  • 2–5 MW
  • 5–10 MW
  • 10–20 MW

Gas Engines Market by Application:

  • Power Generation
  • Cogeneration
  • Mechanical Drive
  • Others (trigeneration, quad generation, greenhouse operations, and renewable energy)

Gas Engines Market by End-User:

  • Utilities
  • Oil & Gas
  • Manufacturing
  • Others (commercial complex, hospitals, and greenhouse operators)

Gas Engines Market by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research:

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