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Gas Engine Market (By Fuel Type: Natural Gas and Others; By End Users: Industrial, Residential, Utility, and Commercial; For Co-Generation, Mechanical Drives and Power Generation Application: Global Industrial Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022

Published Date: 07-Dec-2017 Category: Energy & Mining Report Format : PDF Pages: 130 Report Code: ZMR-2502 Status : Published

Global gas engine market was valued at USD 3.1 billion in 2016 and will reach USD 4.4 billion by 2022, growing at a CAGR of 6% between 2017 and 2022.

Description

The report covers forecast and analysis for the gas engine market on a global and regional level and country level. The study provides historical data from 2014 to 2016 along with a forecast from 2017 to 2022 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, 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 product segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the gas engine market by segmenting the market based on fuel type, end users and application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Key application segments covered under this study include co-generation, mechanical drives and power generation. On the basis of fuel type, the market has been segmented into natural gas and others. On the basis of end users, the market has been segmented into industrial, residential, utility, and commercial.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and 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. This segmentation includes demand for the gas engine based on fuel types, end-users and individual applications in all the regions and countries.

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 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.

This report segments the global gas engine market as follows:

Gas Engine Market: Fuel Type Analysis

  • Natural Gas
  • Others

Gas Engine Market: End Users Analysis

  • Industrial
  • Residential
  • Utility
  • Commercial

Gas Engine Market: Application Analysis

  • Co-Generation
  • Mechanical Drives
  • Power Generation

Gas Engine Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1 Preface
    • 1.1 Report description
      • 1.1.1 Objective
      • 1.1.2 Target Audience
      • 1.1.3 Unique Selling Proposition (USP) & Offerings
    • 1.2 Research scope
    • 1.3 Market Research Methodology
      • 1.3.1 Level 1: Primary Research
      • 1.3.2 Level 2: Secondary Research
      • 1.3.3 Level 3: Data Validation and Expert Panel Assessment
  • Chapter 2 Executive Summary
    • 2.1 Global Gas Engine Market, 2014 - 2022 (USD Billion)
    • 2.2 Global Gas Engine Market: Snapshot
  • Chapter 3 Gas Engine – Industry Analysis
    • 3.1 Introduction
      • 3.1.1 Classification of Gas Engine
      • 3.2.2 Key Trend Analysis
    • 3.3 Market drivers
      • 3.3.1 Increasing demand for electricity
      • 3.3.2 Fall in natural gas prices
      • 3.3.3 Low emission level of natural gas
    • 3.4 Restraints
      • 3.4.1 Gas engine manufacturers rely on global power generation demand
    • 3.5 Opportunities
      • 3.5.1 Growing trend of distributed power generation
      • 3.5.2 Growing development towards flexible gas fired power generation
    • 3.6 Porter’s five forces analysis
    • 3.7 Attractive Investment Proposition
      • 3.7.1 Market Attractiveness Analysis by Fuel Type
      • 3.7.2 Market Attractiveness Analysis by End Users
      • 3.7.3 Market Attractiveness Analysis by Application
      • 3.7.3 Market Attractiveness Analysis by Region
  • Chapter 4 Competitive Landscape
    • 4.1 Company Market Share Analysis
      • 4.1.1 Global Gas Engine Market: Company Market Share, 2016 (Subject to data availability)
    • 4.2 Price Trend Analysis (2014-2022)
    • 4.3 Potential Buyers of Gas Engine
    • 4.4 Strategic Development
      • 4.4.1 Acquisitions & Mergers
      • 4.4.2 New Product Launch
      • 4.4.3 Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.4.4 Research And Development, Product and Regional Expansion
  • Chapter 5 Gas Engine Market – Fuel Type Analysis
    • 5.1 Global Gas Engine Market Overview: by Fuel Type
      • 5.1.1 Global Gas Engine Market Share, by Fuel Type, 2016 & 2022
    • 5.2 Natural Gas
    • 5.2.1 Overview
      • 5.2.2 Global Natural Gas Engine Market, 2014 – 2022 (USD Billion)
    • 5.3 Others
      • 5.3.1 Overview
      • 5.3.2 Global Others Gas Engine Market, 2014 – 2022 (USD Billion)
  • Chapter 6 Gas Engine Market – End Users Analysis
    • 6.1 Global Gas Engine Market Overview: by End Users
      • 6.1.1 Global Gas Engine Market Share, by End Users, 2016 & 2022
    • 6.2 Industrial
      • 6.2.1 Overview
      • 6.2.2 Global Industrial Gas Engine Market, 2014 – 2022 (USD Billion)
    • 6.3 Residential
      • 6.3.1 Overview
      • 6.3.2 Global Residential Gas Engine Market, 2014 – 2022 (USD Billion)
    • 6.4 Utility
      • 6.4.1 Overview
      • 6.4.2 Global Utility Gas Engine Market, 2014 – 2022 (USD Billion)
    • 6.5 Commercial
      • 6.5.1 Overview
      • 6.5.2 Global Commercial Gas Engine Market, 2014 – 2022 (USD Billion)
  • Chapter 7 Gas Engine Market – Application Analysis
    • 7.1 Global Gas Engine Market Overview: by Application
      • 7.1.1 Global Gas Engine Market share, by Application, 2016 & 2022
    • 7.2 Co-Generation
      • 7.2.1 Overview
      • 7.2.2 Global Gas Engine Market for Co-Generation, 2014 – 2022 (USD Billion)
    • 7.3 Mechanical Drives
      • 7.3.1 Overview
      • 7.3.2 Global Gas Engine Market for Mechanical Drives, 2014 – 2022 (USD Billion)
    • 7.4 Power Generation
      • 7.4.1 Overview
      • 7.4.2 Global Gas Engine Market for Power Generation, 2014 – 2022 (USD Billion)
  • Chapter 8 Gas Engine Market – Regional Analysis
    • 8.1 Global Gas Engine Market: Regional overview
      • 8.1.1 Global Gas Engine Market Share, by Region, 2016 & 2022
    • 8.2 North America
      • 8.2.1 Overview
      • 8.2.2 North America Gas Engines Market, 2014 – 2022 (USD Billion)
      • 8.2.3 North America Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.2.4 North America Gas Engines Market, by End users, 2014 – 2022 (USD Billion)
      • 8.2.5 North America Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.2.6 U.S Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.2.7 U.S Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.2.8 U.S Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.2.9 Canada Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.2.10 Canada Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.2.11 Canada Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.2.12 Mexico Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.2.13 Mexico Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.2.14 Mexico Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
    • 8.3 Europe
      • 8.3.1 Western Europe
        • 8.3.1.1 Overview
        • 8.3.1.2 Weastern Europe Gas Engines Market, 2014 – 2022 (USD Billion)
        • 8.3.1.3 Western Europe Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
        • 8.3.1.4 Western Europe Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
        • 8.3.1.5 Western Europe Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
        • 8.3.1.6 U.K Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
        • 8.3.1.7 U.K Gas Engines Market, by End Users 2014 – 2022 (USD Billion)
        • 8.3.1.8 U.K Gas Engines Market, by Application 2014 – 2022 (USD Billion)
        • 8.3.1.9 France Gas Engines Market, by Fuel Type2014 – 2022 (USD Billion)
        • 8.3.1.10 France Gas Engines Market, by End Users,2014 – 2022 (USD Billion)
        • 8.3.1.11 France Gas Engines Market, by Application,2014 – 2022 (USD Billion)
        • 8.3.1.12 Germany Gas Engines Market, by Fuel Type,2014 – 2022 (USD Billion)
        • 8.3.1.13 Germany Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
        • 8.3.1.14 Germany Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.3.2 Eastern Europe
        • 8.3.2.1 Overview
        • 8.3.2.2 Eastern Europe Gas Engines Market, 2014 – 2022 (USD Billion)
        • 8.3.2.3 Eastern Europe Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
        • 8.3.2.4 Eastern Europe Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
        • 8.3.2.5 Eastern Europe Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
        • 8.3.2.6 Russia Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
        • 8.3.2.7 Russia Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
        • 8.3.2.8 Russia Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
        • 8.3.2.9 Poland Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
        • 8.3.2.10 Poland Gas Engines Market,by End Users, 2014 – 2022 (USD Billion)
        • 8.3.2.11 Poland Gas Engines Market,by Application, 2014 – 2022 (USD Billion)
        • 8.3.2.12 Ukraine Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
        • 8.3.2.13 Ukraine Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
        • 8.3.2.14 Ukraine Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.3.3 Rest of Europe Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
        • 8.3.4 Rest of Europe Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
        • 8.3.5 Rest of Europe Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
    • 8.4 Asia Pacific
      • 8.4.1 Overview
      • 8.4.2 Asia Pacific Gas Engines Market, 2014 – 2022 (USD Billion)
      • 8.4.3 Asia Pacific Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.4.4 Asia Pacific Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.4.5 Asia Pacific Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.4.6 China Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.4.7 China Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.4.8 China Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.4.9 Japan Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.4.10 Japan Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.4.11 Japan Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.4.12 India Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.4.13 India Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.4.14 India Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.4.15 South Korea Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.4.16 South Korea Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.4.17 South Korea Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.4.18 ASEAN Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.4.19 ASEAN Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.4.20 ASEAN Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.4.21 Rest of Asia Pacific Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.4.22 Rest of Asia Pacific Gas Engines Market, by End Users ,2014 – 2022 (USD Billion)
      • 8.4.23 Rest of Asia Pacific Gas Engines Market, by Application ,2014 – 2022 (USD Billion)
    • 8.5 Latin America
      • 8.5.1 Overview
      • 8.5.2 Latin America Gas Engines Market, 2014 – 2022 (USD Billion)
      • 8.5.3 Latin America Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.5.4 Latin America Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.5.5 Latin America Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.5.6 Brazil Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.5.7 Brazil Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.5.8 Brazil Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.5.9 Argentina Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.5.10 Argentina Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.5.11 Argentina Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.5.12 Rest of Latin America Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.5.13 Rest of Latin America Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.5.14 Rest of Latin America Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
    • 8.6 Middle East & Africa
      • 8.6.1 Overview
      • 8.6.2 Middle East & Africa Gas Engines Market, 2014 – 2022 (USD Billion)
      • 8.6.3 Middle East & Africa Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.6.4 Middle East & Africa Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.6.5 Middle East & Africa Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.6.6 GCC Gas Engines Market, by Fuel Type,2014 – 2022 (USD Billion)
      • 8.6.7 GCC Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.6.8 GCC Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.6.9 South Africa Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.6.10 South Africa Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.6.11 South Africa Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
      • 8.6.12 Rest of Latin America Gas Engines Market, by Fuel Type, 2014 – 2022 (USD Billion)
      • 8.6.13 Rest of Latin America Gas Engines Market, by End Users, 2014 – 2022 (USD Billion)
      • 8.6.14 Rest of Latin America Gas Engines Market, by Application, 2014 – 2022 (USD Billion)
  • Chapter 9 Company Profiles
    • 9.1 General Electric Company
      • 9.1.1 Company Overview
      • 9.1.2 Financial Overview
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Rolls-Royce Holdings plc
      • 9.2.1 Company Overview
      • 9.2.2 Financial Overview
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Cummins Inc.
      • 9.3.1 Company Overview
      • 9.3.2 Financial Overview
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Caterpillar Inc.
      • 9.4.1 Company Overview
      • 9.4.2 Financial Overview
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Wärtsilä Corporation
      • 9.5.1 Company Overview
      • 9.5.2 Financial Overview
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Kawasaki Heavy Industries
      • 9.6.1 Company Overview
      • 9.6.2 Financial Overview
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 MAN SE
      • 9.7.1 Company Overview
      • 9.7.2 Financial Overview
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Deutz AG
      • 9.8.1 Company Overview
      • 9.8.2 Financial Overview
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Doosan Infracore
      • 9.9.1 Company Overview
      • 9.9.2 Financial Overview
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Yanmar
      • 9.10.1 Company Overview
      • 9.10.2 Financial Overview
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments

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.  

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