Global Gas Engines Market, By Power Output (0.5MW-1MW, 1MW-2MW, 2MW-5MW, 5MW-10MW, 10MW-20MW), By Ga

Published Date: | Report Code : EQ192387

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Market Dynamics

The Gas Engines Market is expected to promise high growth owing to the increasing demand for energy worldwide in recent years. Increasing demand from end-use industries including marine, oil & gas, manufacturing, utilities, and others is expected to drive the growth of the market. This market has witnessed a number of key developments by major companies including Wartsila Corporation, Kawasaki Heavy Industries Ltd., Caterpillar Inc., MAN Diesel & Turbo SE, Rolls-Royce, Cummins Inc., Deutz AG, General Electric Company, Doosan Infracore with a focus on organic as well as inorganic growth strategies.  Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

A gas engine works on an internal combustion engine that runs on gas as fuel. Some of the gas fuel includes coal gas, biogas, natural gas, landfill producer gas and so on. With the increased development pace of natural gas-powered engine technologies, the application of natural gas-based gas engines is increasing. Gas engines are more efficient than the diesel engine with low pollution emissions and cost comparatively.

Segment Analysis: 

The global gas engines market has been segmented in terms of power output, gas type, application, and region. The gas engines are widely used in marine applications due to strict sea pollution and environmental laws. The gas engines emit fewer pollutants into the air as compared to traditional diesel engines.

Some of the key Impact Factors:

  • The increasing demand for energy worldwide
  • The growing number of users of biofuel and natural gas
  • Technological advancements and growth of E&P processes

Regional Analysis:

Major regions for the gas engines market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for the gas engines owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be marine, oil & gas, manufacturing, utilities, and others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the gas engines market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

The Asia Pacific and the Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, marine, oil & gas, manufacturing, utilities, and others are estimated to register a high demand for the gas engines market during the forecast period.

Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the gas engines market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the gas engines market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Wartsila Corporation, Kawasaki Heavy Industries Ltd., Caterpillar Inc., MAN Diesel & Turbo SE, Rolls-Royce, Cummins Inc., Deutz AG, General Electric Company, Doosan Infracore

Market Segmentation:

By Power Output:

  • 5MW-1MW
  • 1MW-2MW
  • 2MW-5MW
  • 5MW-10MW
  • 10MW-20MW

By Gas Type:

  • Natural
  • Special
  • Others

By End-Use Industry:

  • Marine
  • Oil & Gas
  • Manufacturing
  • Utilities
  • Others

By Application:

  • Power Generation
  • Co-Generation
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Power Output
    • By Gas Type
    • By End-Use Industry
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Power Output
    • By Gas Type
    • By End-Use Industry
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Power Output
    • By Gas Type
    • By End-Use Industry
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Power Output
    • By Gas Type
    • By End-Use Industry
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Power Output
    • By Gas Type
    • By End-Use Industry
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Power Output
    • By Gas Type
    • By End-Use Industry
    • By Application

Reasons to buy this report:

  • Market size estimation of gas engines market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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