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Gas Engine Market - Global Industry Analysis

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

Published Date: 01-Jul-2021 Category: Energy & Mining Report Format : PDF Pages: 130 Report Code: ZMR-2502 Status : Published

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.

Description

Market Overview                                                  

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.   

A gas engine is a reciprocating combustion engine which runs on natural gas, shale gas, biogas, sewage gas, among others. These engines are generally achieve efficiency of 90% owing to their high electrical and thermal efficiency, low cost, high reliability. These gas engine are widely used in power generation, cogeneration, mechanical drive, and tri-generation applications.  

Key players are focusing upon advancement of product and integrating the equipment with new features. The manufacturers are emphasizing on mergers & acquisitions to strengthen their position in the market. For instance, In October 2019, Caterpillar, leading manufacturer of construction and mining equipment, diesel and natural gas engines, launched first natural gas-powered generator set—Cat G3516C. The generator is optimized to run on Lean Coal Mine Methane (LCMM) for local mining applications. The generator has benefits to local customers to enhance product support and optimize cost efficiencies.  

COVID-19 Impact Analysis:

COVID-19 has impacted the businesses across the globe. The imposed lockdown and spread of the contagious virus has slowed down the operations in various industries including chemical, metallurgy, Power Generation, Mechanical and many more. Measures such as restriction and lockdown across the globe have been explicit and unprecedented. It has further disrupted supply chains, delayed projects on power generation, and created labor shortage.

Power and energy industry across the globe delays due to the ongoing the project due to slowdown of manufacturing. These factors are likely to hamper the growth of the market in 2020.

Growth Factors

Escalating demand for clean and reliable power supply is predicted to impel the growth prospects of gas engine market over the coming years. Apart from this, growing need for reducing air pollution and greenhouse effects occurring as a result of fuel emissions in both developed and emerging economies is projected to fuel the expansion of gas engine market in the years ahead. In addition, rapid evolution of gas-based power generation is anticipated to succor the demand for gas engines in power & utilities sector.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Based on fuel type, the global Gas Engine market is segmented into Natural Gas and Others. Among these fuel type, Natural Gas was the leading segment of the global Gas Engine market in 2020. Natural gas fuel is used in base load power generation and CHP (combined heat and power) applications

End User Segment Analysis Preview

On the basis of end users, the Gas Engine market is segmented into industrial, residential, utilities, and commercial. The Gas Engine market for industrial accounted for the largest share in 2020. In industrial such as steel mills, chemical, paper & pulp mills, and district heating plants, the gas engine is widely used, as it produces power along with energy for space heating and water heating.

Application Segment Analysis Preview

On the basis of application, the Gas Engine market is segmented into Co-Generation, Mechanical Drives, and Power Generation. The cogeneration segment is likely to gain a major traction in the market and anticipated to remain dominant throughout the forecast period. Gas engine an efficient method of power generation using gas engines and enables energy savings of up to 60%.

Regional Segment Analysis Preview

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.

Key Market Players & Competitive Landscape

The major players operating in the Gas Engine market are General Electric Company, Rolls-Royce Holdings plc, Cummins Inc., Caterpillar Inc., Wärtsilä Corporation, Kawasaki Heavy Industries, MAN SE, Deutz AG, Doosan Infracore, and Yanmar.

The global Gas Engine market is segmented as follows:   

By Fuel Type

  • Natural Gas
  • Others

By End Users  

  • Industrial
  • Residential
  • Utility
  • Commercial

By Application

  • Co-Generation
  • Mechanical Drives
  • Power Generation

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Fuel Type
        • 2.1.1.2. Market Attractiveness Analysis, By End Users
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Gas Engine Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Gas Engine Market – Fuel Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Fuel Type, 2020 & 2028
    • 4.2. Natural Gas
      • 4.2.1. Market Application and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Others
      • 4.3.1. Market Application and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Gas Engine Market – End Users Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End Users, 2020 & 2028
    • 5.2. Industrial
      • 5.2.1. Market Application and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Residential
      • 5.3.1. Market Application and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Utility
      • 5.4.1. Market Application and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Commercial
      • 5.5.1. Market Application and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Gas Engine Market – Application Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Co-Generation
      • 6.2.1. Market Application and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Mechanical Drives
      • 6.3.1. Market Application and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Power Generation
      • 6.4.1. Market Application and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Gas Engine Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.2.2. North America Market Revenue, By Fuel Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By End Users, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Fuel Type, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By End Users, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Fuel Type, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By End Users, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Fuel Type, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By End Users, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.3.2. Europe Market Revenue, By Fuel Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By End Users, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Fuel Type, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By End Users, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Fuel Type, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By End Users, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Fuel Type, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By End Users, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Fuel Type, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By End Users, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Fuel Type, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By End Users, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Fuel Type, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By End Users, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.4.2. Asia Pacific Market Revenue, By Fuel Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By End Users, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Fuel Type, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By End Users, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Fuel Type, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By End Users, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Fuel Type, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By End Users, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Fuel Type, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By End Users, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Fuel Type, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By End Users, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Fuel Type, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By End Users, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.5.2. Latin America Market Revenue, By Fuel Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By End Users, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Fuel Type, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By End Users, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Fuel Type, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By End Users, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Fuel Type, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By End Users, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Fuel Type, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By End Users, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Fuel Type, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By End Users, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Fuel Type, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By End Users, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Fuel Type, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By End Users, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 8 Gas Engine Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Fuel Type Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Gas Engine Market: Company Market Share, 2019
      • 9.1.2. Global Gas Engine Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Gas Engine Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Gas Engine Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. General Electric Company
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Rulls-Royce Huldings plc
    • 10.3. Cummins Inc.
    • 10.4. Caterpillar Inc
    • 10.5. Wärtsilä Corporation
    • 10.6. Kawasaki Heavy Industries
    • 10.7. MAN SE.
    • 10.8. Deutz AG
    • 10.9. Doosan Infracore
    • 10.10. Yanmar
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical End Users Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Gas Engine market. Zion Research has collected and analyzed key data belong to the global Gas Engine market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Gas Engine across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Gas Engine industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Gas Engine market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

The gas engine is designed for maximum electrical & thermal efficiency, high reliability & availability, and low operation & service costs. The gas engine can be regulated with various types of gas, such as shale gas, natural gas, landfill gas, syngas, and sewage gas among others. Generally, the engine starts by utilizing diesel and later adds natural gas, which ignites rapidly, thus helping in starting the engine. A gas engine is basically an internal combustion engine that generates impulse power by utilizing a variety of gases as fuel. The basic components of a gas engine generator include a heat exchanger, control panel, an engine, and a generator. Natural gas is a versatile, efficient, and clean-burning fuel, which is widely utilized as a fuel in the gas engine.

The gas engine is segmented on the basis of fuel type, end user, and application. On the basis of fuel type, the global gas engine market is segmented into natural gas and others. Natural gas segment held the largest market share due to high demand across the globe. Natural gas is most commonly utilized for power gas engine among the other fuel is the main reason for the largest market share held by the segment. Natural gas restores fuel in a 50% to 70% substitution rate. Toward the end of compression, diesel is injected, and this ignites and helps the natural gas to burn. On the basis of end users, the market is segmented into industrial, residential, utility, and commercial. Utility segment held the largest market share due to rise in replacement of coal-fired power plants with natural gas power plants across the globe. Increasing demand for natural gas, biogas and landfill gas as fuel due to variation in the price of oil is expected to further boost the gas engine market. On the basis of application, the global gas engine market is segmented into co-generation, mechanical drives and power generation. Power generation segment is estimated to account for the largest share of the market in 2016. Due to increasing energy demands for new gas-fired power plants, which in turn, is driving the power generation application segment of the gas engine market.

Global-Gas-Engine-Market.png

Increasing demand for electricity, fall in natural gas prices and low emission level of natural gas are expected to remain major driving factors for the growth in gas engine market. Gas engine manufacturers depend on global power generation demand which could act as a major restraint for the market. The global gas engine market offers new growth opportunities, due to increasing trend of distributed power generation and growing development towards flexible gas-fired power generation against conditions of an improving global economy. During power outage factors such as environmental rigid pressures on power plants, commercial or industrial boiler substitutes, and growing central and state policymaker support of CHP are expected to boost the demand for gas engine market.

Based on regional segmentation, Europe was the most attractive market for a gas engine in 2016. This growth is attributed to greater use of gaseous fuels in industries such as automobile and power. The growth of the gas engine market in the European region can be certified to the EU’s policies to limit the CO2 emission, increased production of biogas as a well-established gas distribution network in the region. In the Middle East, presence of sufficient gas resources and growing investments towards gas-based power generation to meet the rising demand for power in this region will drive the gas engine market

Some of the major players involved in the global gas engine cable 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.  


Frequently Asked Questions

The global Gas Engine market was valued at USD 3.5 Billion in 2020.

The global Gas Engine market is expected to reach USD 5.6 Billion by 2028, growing at a CAGR of 6.2% between 2021 to 2028.

Major driving factors for the growth of Gas Engine market are Escalating demand for clean and reliable power supply.

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 major players operating in the Gas Engine market are General Electric Company, Rolls-Royce Holdings plc, Cummins Inc., Caterpillar Inc., Wärtsilä Corporation, Kawasaki Heavy Industries, MAN SE, Deutz AG, Doosan Infracore, and Yanmar.

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