Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Gas Engines Market by Type (0.5-5MW, 5-10MW, Above 10MW), By Application (Oil & Gas, Power Generation, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Gas Engines Market by Type (0.5-5MW, 5-10MW, Above 10MW), By Application (Oil & Gas, Power Generation, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155431 3300 Machinery & Equipment 377 242 Pages 4.5 (42)
                                          

Market Overview:


The global gas engines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for gas engines in oil & gas and power generation applications. In terms of type, the 0.5-5MW segment is expected to dominate the global gas engines market during the forecast period, followed by the 5-10MW and above 10MW segments. Asia Pacific is expected to be the fastest growing region in terms of revenue during the forecast period, followed by Europe and North America.


Global Gas Engines Industry Outlook


Product Definition:


Gas engines are internal combustion engines that use gasoline or another fuel that is a hydrocarbon. Gasoline is the most common fuel for gas engines.


0.5-5MW:


0.5-5MW is the size of a power plant which can be used for various applications in the gas engines market. It has been growing at an average annual growth rate of 5% over the last few years and it is expected to grow further on account of rising demand from end-use industries such as chemicals, food & beverages, paper & pulp and oil refining among others.


5-10MW:


The global 5-10MW power engine market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for small-scale power engines from various end-use industries such as oil & gas, chemicals, paper & pulp, and food processing among others.


Application Insights:


The oil & gas segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for onshore and offshore drilling activities across various regions, including North America, Europe, Asia Pacific and Middle East & Africa.


Global gas engines for power generation application accounted for a significant market share in 2017 owing to growing demand from countries such as India, China Japan South Korea etc., which are majorly powered by coal-fired plants. Growing urbanization along with rising concerns regarding air pollution is expected to drive the adoption of clean energy sources such as natural gas engines over the forecast period thereby supporting product demand in power generation applications.


Increasing industrialization has led to an increased need for electricity across various developing economies especially China Japan South Korea Taiwan Thailand etc.


Regional Analysis:


Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth owing to increasing demand for gas engines from countries such as China, India, and Japan. In addition, growing industrialization coupled with rapid infrastructure development is likely to drive the regional market over the forecast period.


The Asia Pacific was followed by Europe that accounted for a share of more than 25% in 2017 owing to rising oil & gas production across countries such as Russia and Norway. Moreover, factors such as favorable government policies and growing adoption are expected to boost product demand across several end-use industries including power generation and others during the forecast period.


Growth Factors:


  • Increasing demand for gas engines from the transportation sector on account of stringent emission norms and fuel efficiency requirements.
  • Growing popularity of gas engines in the power generation sector due to their high efficiency and low emissions as compared to other engine technologies.
  • Rising demand for natural gas as a fuel due to its lower emissions and environmental benefits over other fossil fuels such as diesel and petrol.
  • Technological advancements in gas engine design and manufacturing that have resulted in increased reliability, durability, and performance of these engines.

Scope Of The Report

Report Attributes

Report Details

Report Title

Gas Engines Market Research Report

By Type

0.5-5MW, 5-10MW, Above 10MW

By Application

Oil & Gas, Power Generation, Others

By Companies

General Electric, Caterpillar, Kawasaki Heavy Industries, Rolls-Royce, Dresser-Rand, Cummins, Wartsila, MAN SE, Mitsubishi Heavy Industries, Liebherr, JDEC

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

242

Number of Tables & Figures

170

Customization Available

Yes, the report can be customized as per your need.


Global Gas Engines Market Report Segments:

The global Gas Engines market is segmented on the basis of:

Types

0.5-5MW, 5-10MW, Above 10MW

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Oil & Gas, Power Generation, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. General Electric
  2. Caterpillar
  3. Kawasaki Heavy Industries
  4. Rolls-Royce
  5. Dresser-Rand
  6. Cummins
  7. Wartsila
  8. MAN SE
  9. Mitsubishi Heavy Industries
  10. Liebherr
  11. JDEC

Global Gas Engines Market Overview


Highlights of The Gas Engines Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. 0.5-5MW
    2. 5-10MW
    3. Above 10MW
  1. By Application:

    1. Oil & Gas
    2. Power Generation
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Gas Engines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Gas Engines Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A gas engine is a type of internal combustion engine that uses compressed air and natural gas as fuel.

Some of the key players operating in the gas engines market are General Electric, Caterpillar, Kawasaki Heavy Industries, Rolls-Royce, Dresser-Rand, Cummins, Wartsila, MAN SE, Mitsubishi Heavy Industries, Liebherr, JDEC.

The gas engines market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Gas Engines Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Gas Engines Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Gas Engines Market - Supply Chain
   4.5. Global Gas Engines Market Forecast
      4.5.1. Gas Engines Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Gas Engines Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Gas Engines Market Absolute $ Opportunity

5. Global Gas Engines Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Gas Engines Market Size and Volume Forecast by Type
      5.3.1. 0.5-5MW
      5.3.2. 5-10MW
      5.3.3. Above 10MW
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Gas Engines Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Gas Engines Market Size and Volume Forecast by Application
      6.3.1. Oil & Gas
      6.3.2. Power Generation
      6.3.3. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Gas Engines Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Gas Engines Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Gas Engines Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Gas Engines Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Gas Engines Demand Share Forecast, 2019-2026

9. North America Gas Engines Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Gas Engines Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Gas Engines Market Size and Volume Forecast by Application
      9.4.1. Oil & Gas
      9.4.2. Power Generation
      9.4.3. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Gas Engines Market Size and Volume Forecast by Type
      9.7.1. 0.5-5MW
      9.7.2. 5-10MW
      9.7.3. Above 10MW
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Gas Engines Demand Share Forecast, 2019-2026

10. Latin America Gas Engines Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Gas Engines Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Gas Engines Market Size and Volume Forecast by Application
      10.4.1. Oil & Gas
      10.4.2. Power Generation
      10.4.3. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Gas Engines Market Size and Volume Forecast by Type
      10.7.1. 0.5-5MW
      10.7.2. 5-10MW
      10.7.3. Above 10MW
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Gas Engines Demand Share Forecast, 2019-2026

11. Europe Gas Engines Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Gas Engines Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Gas Engines Market Size and Volume Forecast by Application
      11.4.1. Oil & Gas
      11.4.2. Power Generation
      11.4.3. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Gas Engines Market Size and Volume Forecast by Type
      11.7.1. 0.5-5MW
      11.7.2. 5-10MW
      11.7.3. Above 10MW
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Counry
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Gas Engines Demand Share, 2019-2026

12. Asia Pacific Gas Engines Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Gas Engines Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Gas Engines Market Size and Volume Forecast by Application
      12.4.1. Oil & Gas
      12.4.2. Power Generation
      12.4.3. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Gas Engines Market Size and Volume Forecast by Type
      12.7.1. 0.5-5MW
      12.7.2. 5-10MW
      12.7.3. Above 10MW
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Gas Engines Demand Share, 2019-2026

13. Middle East & Africa Gas Engines Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Gas Engines Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Gas Engines Market Size and Volume Forecast by Application
      13.4.1. Oil & Gas
      13.4.2. Power Generation
      13.4.3. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Gas Engines Market Size and Volume Forecast by Type
      13.7.1. 0.5-5MW
      13.7.2. 5-10MW
      13.7.3. Above 10MW
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Gas Engines Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Gas Engines Market: Market Share Analysis
   14.2. Gas Engines Distributors and Customers
   14.3. Gas Engines Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. General Electric
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Caterpillar
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Kawasaki Heavy Industries
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Rolls-Royce
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Dresser-Rand
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Cummins
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Wartsila
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. MAN SE
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Mitsubishi Heavy Industries
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Liebherr
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. JDEC
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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