01-Jul-2021 | Zion Market Research
The global Gas Engine market accounted for USD 3.5 Billion in 2020 and is expected to reach USD 5.6 Billion by 2028, growing at a CAGR of 6.2% from 2021 to 2028.
The report covers forecast and analysis for the Gas Engine market on a global and regional level. The study provides historical data from 2016 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD billion). The study includes drivers and restraints for the Gas Engine market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Gas Engine market on a global level.
In order to give the users of this report a comprehensive view of the Gas Engine market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the Gas Engine market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the Gas Engine market by segmenting the market based on fuel type, End Users and application. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. On the basis of fuel type, the market has been segmented into by natural gas, and others. On the basis of end users, the market has been segmented into Industrial, Co-Generation, Utility, and Commercial. Based on application, the market has been segmented into Co-Generation, Mechanical Drives, and Power Generation). The regional segmentation includes the current and forecasted demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region has been further segmented into 18 countries such as the U.S., Canada, Mexico, the U.K., France, Germany, Russia, Poland, Ukraine, China, India, Japan, South Korea, ASEAN, Brazil, Argentina, GCC, South Africa, and others.
Europe has been leading the worldwide gas engine market and is anticipated to continue on the dominant position in the years to come, states the gas engine market study. European Union policies to restrict carbon emissions in atmosphere and enhanced production of biogas as a result of strong distribution network in the region are the key factors behind the dominance of the Europe gas engine market.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Some of the major players involved in the global Gas Engine market include General Electric Company, Rolls-Royce Holdings plc, Cummins Inc., Caterpillar Inc., Wärtsilä Corporation, Kawasaki Heavy Industries, MAN SE, Deutz AG, Doosan Infracore, and Yanmar.
Browse the full “Gas Engine Market By Fuel Type (Natural Gas, Others), By End Users (Industrial, Co-Generation, Utility, Commercial), By Application (Co-Generation, Mechanical Drives, Power Generation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/gas-engine-market
The global Gas Engine market is segmented as follows:
By Fuel Type
By End Users
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