Global Gas Engines Market
The GMI Research forecasts that the Gas Engines Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing demand for clean and efficient power generation technology, the development of commercial infrastructure, and the implementation of stricter emission regulations.
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Introduction of the Gas Engines Market:
A gas engine is referred to as an internal burning engine that produces motive power by employing variability of natural gasses like coal, fuel. These engines are internal combustion engines similar to gasoline, but they employ natural or manufactured gas instead of gasoline vapor. Methane, mainly known for clean and green energy, is the main component of gas engines.
Key Players of the Global Gas Engines Market:
- Wartsila Corporation
- Cummins Inc
- General Electric Company
- Mitsubishi Heavy Industries Ltd
- JFE Engineering Corporation
- Caterpillar Inc
- Rolls-Royce Holdings Plc
- Man SE
- Kawasaki Heavy Industries Ltd
- Liebherr Group
Gas Engines Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The gas engines have the capability to operate continuously at full loads. Thus, they are largely preferred in the industrial and commercial sectors owing to the ongoing and reliable electricity supply. The augmenting demand for better and cleaner electricity generation led by the industrial extension and enhancement has strengthened the gas engines market size. Execution of rigorous norms associated with the discharge and increasing usage of power resulted from the rapid urbanization and globalization and changing lifestyle and work culture are some of the major drivers supplementing the growth of the global gas engine market. Households, manufacturing and production companies, and electric vehicles are the largest consumers of electricity. As electricity generation is one of the key use of gas engines, so increasing demand for electricity along with less prices of natural gas is contemplated to strengthen the market growth.
In addition, the mounting demand for small gas engine products led by their adoption by many car manufacturers to meet stringent emission norms, such as EURO 6 and the ACEA agreement. This downsizing phenomenon is bringing out various technological advancements such as biofuels and micro-hybridization, which offers growth prospects for the market. Moreover, emission regulations, the prime factor for engine downsizing, have propelled the growth of technologies, including gasoline direct injection and engine boosting. However, price differences across regional markets might hamper the gas engines market share.
Gas Engines Market Segmentation:
Segmentation by Fuel Type
- Natural Gas
- Special Gas
- Others (producer gas, coal gas, and propane gas)
Segmentation by Power Output
- 5–1 MW
- 1–2 MW
- 2–5 MW
- 5–10 MW
- 10–20 MW
Segmentation by Application
- Power Generation
- Cogeneration
- Mechanical Drive
- Others (trigeneration, quad generation, greenhouse operations, and renewable energy)
Segmentation by End-User
- Utilities
- Oil & Gas
- Manufacturing
- Others (commercial complex, hospitals, and greenhouse operators)
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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