The global gas engine market was expected to grow from USD 4.01 billion in 2019 to USD 6.24 billion by 2027, at a CAGR of 5.7% during the forecast period 2020-2027.
Gas engine is an internal-combustion engine having its piston driven by explosions of a mixture of air and vapor of gasoline or other volatile fuel ignited by an electric spark which runs on a gaseous fuel, such as coal gas, producer gas, biogas, landfill gas or natural gas.
Rising the use of gas engines across the utility sector, rising population, increasing urbanization, industrialization activities, infrastructure development and high economic growth in countries, such as India, and China, lower gas prices across several countries, air quality emission standards, increasing cost of diesel and petrol fuel, etc. are the driving forces of the global gas engine market. CNG and LNG are considered as alternative fuels, rising use of the electric vehicles and supportive policies for electric engines are some of the restraints of the global market.
The natural gas segment influenced the gas engine market and is anticipated to increase at a modest rate during the projection period. Natural gas is regularly employed fuel in gas engines for electricity production as it ignites and burns cleaner. It has less carbon emission related to other varieties of fuels such as producer gas, biogas and sewage gas, which is the principal determinants for the significant market share retained by the segment. The power generation portion is required to be the most elevated application segment of the market. Gas engines are held fundamentally for power generation, by assembling plants, commercial buildings, open buildings and utilities for on-location power generation. The governments of creating countries around the globe are spending vigorously on the improvement of new gas-terminated power plants while those in established economies are putting resources into their maturing gas-terminated power plants. The interest for new gas-terminated power plants because of the expanding vitality needs is relied upon to drive the power generation application section of the gas engines showcase during the gauge period.
Europe witnessed the majority of the gas engines market share and is foreseen to grow at the highest rate throughout the projection period. Majority of the nations in the European region are cool-climate countries, which need temperature for household and commercial areas, thus, resulting in massive demand for cogeneration application. Europe is the administration in biogas generation, which is further building the need for the precise gas-based engines. Due to strict environmental measures and low natural gas prices, Europe is supposed to dominate the global market during the projection period.
Some of the key players of the global gas engine market are Rolls-Royce Holdings plc, MAN Diesel & Turbo SE, Wartsila Corporation, Caterpillar Inc., Cummins Inc., Caterpillar, Wärtsilä Corporation, General Electric Company, Deutz AG, Doosan Infracore, and Kawasaki Heavy Industries, Ltd. Holdings plc. and Man SE. These companies are mainly concentrated on the advancement of new technologies & devices; expand from their territories to grab the vital share of the global market.
Rolls-Royce is providing the gas-shielded drive system for two new multi-purpose containers to hold them operational despite under challenging conditions: In coming years, the 95m individual ships will be requested out on the North and Baltic Seas to apportion with accidents, fires or unable-to-manoeuvre containers. They are being developed for the German aterway and Shipping Administration by Abeking & Rasmussen, the ship and boatyard based in Lemwerder, Lower Saxony.
The Study delivers comprehensive analysis of the following segments:
Global Gas Engines Market Analysis And Forecast, By Fuel Type
Global Gas Engines Market Analysis And Forecast, By Power Output
Global Gas Engines Market Analysis And Forecast, By Application
Global Gas Engines Market Analysis And Forecast, By Application
Global Gas Engines Market And Forecast, By Regional Analysis
Report Description:
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Fuel Type
4.3.2. Market Attractiveness Analysis By Power Output
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By End User
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. Global Gas Engine Market Analysis and Forecast, By Fuel Type
6.1. Segment Overview
6.2. Retrofit Natural Gas
6.3. Special Gas
7. Global Gas Engine Market Analysis and Forecast, By Power Output
7.1. Segment Overview
7.2. 0.5–1MW
7.3. 1–2MW
7.4. 2–5MW
7.5. 5–10 MW
7.6. 10–20MW
8. Global Gas Engine Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Power Generation
8.3. Cogeneration
8.4. Mechanical Drive
9. Global Gas Engine Market Analysis and Forecast, By End User
9.1. Segment Overview
9.2. Utilities
9.3. Manufacturing
9.4. Oil & Gas
10. Global Gas Engine Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Gas Engine Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Gas Engine Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Rolls-Royce Holdings Plc.
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. MAN Diesel & Turbo SE
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Wartsila Corporation
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Caterpillar Inc
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Cummins Inc
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. General Electric Company
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Deutz AG
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Doosan Infracore
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Kawasaki Heavy Industries, Ltd. Holdings plc
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Man SE.
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Gas Engine Market, By Fuel Type, 2017–2027 (USD Billion)
2. Global Retrofit Natural Gas Engine Market, By Region, 2017–2027 (USD Billion)
3. Global Special Gas Engine Market, By Region, 2017–2027 (USD Billion)
4. Global Gas Engine Market, By Application, 2017–2027 (USD Billion)
5. Global Power Generation, Gas Engine Market, By Region, 2017–2027 (USD Billion)
6. Global Cogeneration, Gas Engine Market, By Region, 2017–2027 (USD Billion)
7. Global Mechanical Drive, Gas Engine Market, By Region, 2017–2027 (USD Billion)
8. Global Gas Engine Market, By Power Output, 2017–2027 (USD Billion)
9. Global 0.5–1MW, Gas Engine Market, By Region, 2017–2027 (USD Billion)
10. Global 1–2MW, Gas Engine Market, By Region, 2017–2027 (USD Billion)
11. Global 2–5MW, Gas Engine Market, By Region, 2017–2027 (USD Billion)
12. Global 5–10 MW, Gas Engine Market, By Region, 2017–2027 (USD Billion)
13. Global 10–20MW, Gas Engine Market, By Region, 2017–2027 (USD Billion)
14. Global Gas Engine Market, By End User, 2017–2027 (USD Billion)
15. Global Utilities, Gas Engine Market, By Region, 2017–2027 (USD Billion)
16. Global Manufacturing, Gas Engine Market, By Region, 2017–2027 (USD Billion)
17. Global Oil & Gas, Gas Engine Market, By Region, 2017–2027 (USD Billion)
18. Global Gas Engine Market, By Region, 2017–2027 (USD Billion)
19. Global Gas Engine Market, By North America, 2017–2027 (USD Billion)
20. North America Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
21. North America Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
22. North America Gas Engine Market, By Application, 2017–2027 (USD Billion)
23. North America Gas Engine Market, By End User, 2017–2027 (USD Billion)
24. U.S. Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
25. U.S. Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
26. U.S. Gas Engine Market, By Application, 2017–2027 (USD Billion)
27. U.S. Gas Engine Market, By End User, 2017–2027 (USD Billion)
28. Canada Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
29. Canada Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
30. Canada Gas Engine Market, By Application, 2017–2027 (USD Billion)
31. Canada Gas Engine Market, By End User, 2017–2027 (USD Billion)
32. Mexico Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
33. Mexico Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
34. Mexico Gas Engine Market, By Application, 2017–2027 (USD Billion)
35. Mexico Gas Engine Market, By End User, 2017–2027 (USD Billion)
36. Europe Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
37. Europe Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
38. Europe Gas Engine Market, By Application, 2017–2027 (USD Billion)
39. Europe Gas Engine Market, By End User, 2017–2027 (USD Billion)
40. Germany Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
41. Germany Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
42. Germany Gas Engine Market, By Application, 2017–2027 (USD Billion)
43. Germany Gas Engine Market, By End User, 2017–2027 (USD Billion)
44. France Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
45. France Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
46. France Gas Engine Market, By Application, 2017–2027 (USD Billion)
47. France Gas Engine Market, By End User, 2017–2027 (USD Billion)
48. U.K. Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
49. U.K. Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
50. U.K. Gas Engine Market, By Application, 2017–2027 (USD Billion)
51. U.K. Gas Engine Market, By End User, 2017–2027 (USD Billion)
52. Italy Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
53. Italy Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
54. Italy Gas Engine Market, By Application, 2017–2027 (USD Billion)
55. Italy Gas Engine Market, By End User, 2017–2027 (USD Billion)
56. Spain Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
57. Spain Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
58. Spain Gas Engine Market, By Application, 2017–2027 (USD Billion)
59. Spain Gas Engine Market, By End User, 2017–2027 (USD Billion)
60. Asia Pacific Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
61. Asia Pacific Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
62. Asia Pacific Gas Engine Market, By Application, 2017–2027 (USD Billion)
63. Asia Pacific Gas Engine Market, By End User, 2017–2027 (USD Billion)
64. Japan Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
65. Japan Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
66. Japan Gas Engine Market, By Application, 2017–2027 (USD Billion)
67. Japan Gas Engine Market, By End User, 2017–2027 (USD Billion)
68. China Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
69. China Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
70. China Gas Engine Market, By Application, 2017–2027 (USD Billion)
71. China Gas Engine Market, By End User, 2017–2027 (USD Billion)
72. India Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
73. India Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
74. India Gas Engine Market, By Application, 2017–2027 (USD Billion)
75. India Gas Engine Market, By End User, 2017–2027 (USD Billion)
76. South America Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
77. South America Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
78. South America Gas Engine Market, By Application, 2017–2027 (USD Billion)
79. South America Gas Engine Market, By End User, 2017–2027 (USD Billion)
80. Brazil Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
81. Brazil Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
82. Brazil Gas Engine Market, By Application, 2017–2027 (USD Billion)
83. Brazil Gas Engine Market, By End User, 2017–2027 (USD Billion)
84. Middle East and Africa Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
85. Middle East and Africa Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
86. Middle East and Africa Gas Engine Market, By Application, 2017–2027 (USD Billion)
87. Middle East & Africa Gas Engine Market, By End User, 2017–2027 (USD Billion)
88. UAE Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
89. UAE Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
90. UAE Gas Engine Market, By Application, 2017–2027 (USD Billion)
91. UAE Gas Engine Market, By End User, 2017–2027 (USD Billion)
92. South Africa Gas Engine Market, By Fuel Type , 2017–2027 (USD Billion)
93. South Africa Gas Engine Market, By Power Output , 2017–2027 (USD Billion)
94. South Africa Gas Engine Market, By Application, 2017–2027 (USD Billion)
95. South Africa Gas Engine Market, By End User, 2017–2027 (USD Billion)
List of Figures
1. Global Gas Engine Market Segmentation
2. Gas Engine Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Gas Engine Market Attractiveness Analysis By Fuel Type
9. Global Gas Engine Market Attractiveness Analysis By Power Output
10. Global Gas Engine Market Attractiveness Analysis By Application
11. Global Gas Engine Market Attractiveness Analysis By End User
12. Global Gas Engine Market Attractiveness Analysis By Region
13. Global Gas Engine Market: Dynamics
14. Global Gas Engine Market Share By Fuel Type (2020 & 2027)
15. Global Gas Engine Market Share by Power Output (2020 & 2027)
16. Global Gas Engine Market Share by Application (2020 & 2027)
17. Global Gas Engine Market Share by End User (2020 & 2027)
18. Global Gas Engine Market Share by Regions (2020 & 2027)
19. Global Gas Engine Market Share by Company (2019)
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