Market Overview:
The global industrial 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 power generation and co-generation applications across the globe. In terms of type, the 0.5-5MW segment is expected to dominate the market during the forecast period, followed by 5-10MW and above 10MW segments.
Product Definition:
An industrial gas engine is a type of internal combustion engine that operates on a gaseous fuel, such as natural gas or propane. Industrial gas engines are used in a range of applications, including power generation, forklift trucks, and marine propulsion.
The importance of industrial gas engines lies in their ability to provide an efficient and reliable source of power for various applications. Industrial gas engines are often favored over other forms of internal combustion engines due to their lower emissions and fuel consumption.
0.5-5MW:
0.5-5MW is a range of industrial gas engines which are used to convert the energy from fossil fuels into mechanical work. These engines are primarily used in material handling equipment, such as cranes and other lifting devices, for instance 0.75-1.25 MW engine type is suitable for use in Material Handling Equipment (MHE) applications while 1-2MW engine types can be utilized in heavy construction equipment applications like earthmoving machinery and cement mixers among others.
5-10MW:
Industrial gas engines are used to convert the energy from fossil fuels into mechanical energy using a compressor as an essential component. The mechanical work performed by these engines is utilized in various industrial applications including material handling, machine tools, power tools, and compressors.
The global 5-10MW segment is expected to grow at a significant rate over the forecast period owing to increasing demand for combined heat.
Application Insights:
Based on the application, the global industrial gas engines market has been segmented into power generation, co-generation and others. The other applications include food & beverage, chemical manufacturing and pharmaceutical industries. Power generation is expected to be the fastest-growing segment over the forecast period owing to an increase in demand for coal as a source of energy across various regions.
Co-generation is another application where these engines are used along with Combined Heat And Power (CHP) systems that generate electricity and heat for water heating or space heating purposes in industrial facilities. CHP systems require only small amounts of natural gas compared to combustion turbine plants; hence they are widely used in numerous industries including chemicals, petrochemicals and metal & mining companies among others.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and rising energy demand from industries, such as food & beverage, automotive, and chemical. In addition, countries like China are investing heavily in renewable power generation projects which will further drive market growth.
Europe accounted for a significant share of global industry revenue owing to stringent government regulations regarding carbon emissions coupled with growing environmental awareness among end-users of industrial gases across various industries in Europe. Increasing CO2 production facilities in Eastern European countries is anticipated to boost regional market development over the next eight years.
North America emerged as one of the prominent consumers of Industrial Gases (IGH) on account of high consumption by key end-use sectors including metalworking/cutting oilfield machinery manufacturing/food processing/beverage manufacturing etc., across U.S.
Growth Factors:
- Increasing demand for industrial gas engines from the transportation sector as a result of stringent emission norms by regulatory authorities across the globe.
- Growing demand for natural gas as a fuel source for industrial gas engines from various end-use industries, such as chemical, oil & gas, and power generation sectors.
- Rising investments in infrastructure development projects across emerging economies is expected to create growth opportunities for the industrial gas engine market over the next few years.
- Proliferation of microturbines in small-scale applications is projected to boost the growth of the industrial gas engine market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Gas Engines Market Research Report
By Type
0.5-5MW, 5-10MW, Above 10MW
By Application
Power Generation, Co-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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Gas Engines Market Report Segments:
The global Industrial 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
Power Generation, Co-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:
- General Electric
- Caterpillar
- Kawasaki Heavy Industries
- Rolls-Royce
- Dresser-Rand
- Cummins
- Wartsila
- MAN SE
- Mitsubishi Heavy Industries
- Liebherr
- JDEC
Highlights of The Industrial Gas Engines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 0.5-5MW
- 5-10MW
- Above 10MW
- By Application:
- Power Generation
- Co-Generation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial gas engines are used in a variety of industrial applications, such as power generation, transportation, and chemical production. These engines use natural gas or liquefied petroleum gases (LPGs) to produce mechanical power or heat.
Some of the key players operating in the industrial gas engines market are General Electric, Caterpillar, Kawasaki Heavy Industries, Rolls-Royce, Dresser-Rand, Cummins, Wartsila, MAN SE, Mitsubishi Heavy Industries, Liebherr, JDEC.
The industrial gas engines market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial 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. Industrial 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. Industrial Gas Engines Market - Supply Chain
4.5. Global Industrial Gas Engines Market Forecast
4.5.1. Industrial Gas Engines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Gas Engines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Gas Engines Market Absolute $ Opportunity
5. Global Industrial 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. Industrial 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 Industrial 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. Industrial Gas Engines Market Size and Volume Forecast by Application
6.3.1. Power Generation
6.3.2. Co-Generation
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial 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. Industrial 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 Industrial 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. Industrial 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 Industrial Gas Engines Demand Share Forecast, 2019-2026
9. North America Industrial 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 Industrial 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 Industrial Gas Engines Market Size and Volume Forecast by Application
9.4.1. Power Generation
9.4.2. Co-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 Industrial 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 Industrial Gas Engines Demand Share Forecast, 2019-2026
10. Latin America Industrial 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 Industrial 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 Industrial Gas Engines Market Size and Volume Forecast by Application
10.4.1. Power Generation
10.4.2. Co-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 Industrial 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 Industrial Gas Engines Demand Share Forecast, 2019-2026
11. Europe Industrial 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 Industrial 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 Industrial Gas Engines Market Size and Volume Forecast by Application
11.4.1. Power Generation
11.4.2. Co-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 Industrial 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 Projectins by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Gas Engines Demand Share, 2019-2026
12. Asia Pacific Industrial 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 Industrial 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 Industrial Gas Engines Market Size and Volume Forecast by Application
12.4.1. Power Generation
12.4.2. Co-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 Industrial 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 Industrial Gas Engines Demand Share, 2019-2026
13. Middle East & Africa Industrial 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 Industrial 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 Industrial Gas Engines Market Size and Volume Forecast by Application
13.4.1. Power Generation
13.4.2. Co-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 Industrial 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 Industrial Gas Engines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Gas Engines Market: Market Share Analysis
14.2. Industrial Gas Engines Distributors and Customers
14.3. Industrial 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
