Market Overview:
The global natural gas internal combustion engine 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 natural gas as a fuel source for various applications, such as automobiles, aircrafts, locomotives, and marine vessels. Additionally, stringent emission norms across different geographies are also propelling the demand for natural gas-powered engines over their diesel counterparts. Based on type of engine, the spark ignition segment is estimated to account for a larger share of the global market in 2018. However, with increasing focus on reducing emissions and promoting fuel efficiency through use of compression ignition engines in transportation applications such as buses and trucks; this segment is projected to register highest CAGR during the forecast period.
Product Definition:
A natural gas internal combustion engine is a type of engine that uses natural gas as its fuel. These engines are used in a variety of applications, including vehicles, power generation, and marine propulsion. Natural gas is an attractive fuel because it is abundant and relatively cheap. Additionally, it produces fewer emissions than other fuels such as gasoline or diesel. This makes it an environmentally friendly option for many applications.
Spark Ignition:
Spark ignition is a type of fuel injection system that operates at high speeds to provide rapid initial combustion. The term “spark” is used in reference to the electrical discharge that occurs when a conductor such as an electrode is brought near the mixture; this creates an aerosol of liquid particles which then mixes with air resulting in efficient combustion.
The advantages offered by spark ignition systems include improved thermal efficiency, reduced emissions and better fuel economy.
Compression Ignition:
Compression ignition (CI) is a method of increasing the rate of combustion in an internal combustion engine by reducing the air supply to the engine. It works on the principle that if there is adequate fuel, then there will be no need for an excessive amount of air as it will be supplied naturally due to high temperatures generated within engines during compression phase. CI engines are mainly used in heavy trucks and construction machinery where low power output and high operating speeds are required.
Application Insights:
Automobile engine accounted for the largest share of over 30.0% in 2017 and is projected to continue its dominance over the forecast period. The rising demand for natural gas engines owing to their ability to reduce carbon emissions significantly is expected to drive its application in automobile applications across various regions, including North America and Europe. In addition, growing automotive manufacturing industries in countries such as China, Japan and South Korea are expected to further fuel market growth during the forecast period.
The use of internal combustion engines in aircraft has been gaining significant traction since 2014 due largelyto declining prices of jet fuel oiled by high crude oil prices which have resulted into increased utilization of NGCEs across all major airports globally due tp improved cost effectiveness coupled with reduced environmental impact compared with other fossil fueled technologies such as diesel or gasoline-fueled aircraft aircraft engines are one among few sources that produce zero emissions at takeoff.
Regional Analysis:
North America accounted for the largest market share of over 40% in 2017. The region is expected to maintain its dominance throughout the forecast period owing to increasing demand from end-use industries, such as transportation and power generation. In addition, growing shale gas production in countries such as the U.S., Canada, and Mexico are anticipated to drive regional growth over the next eight years.
Asia Pacific is estimated to be one of the fastest-growing regions with a CAGR exceeding 5% during the forecast period owing to rapid industrialization along with an increase in energy consumption across emerging economies including China and India.
Growth Factors:
- Increasing demand for natural gas vehicles from commercial and passenger segments owing to the benefits of fuel efficiency and low emissions.
- Stringent emission norms by regulatory authorities across the globe are prompting Original Equipment Manufacturers (OEMs) to develop more fuel-efficient NGICEs.
- Proliferation of dual-fuel engines that can run on both gasoline and natural gas is aiding the growth of the NGICE market as it offers OEMs a wider choice while catering to specific customer needs simultaneously.
- The increasing popularity of CNG as a transportation fuel is providing a fillip to the overall market for NGICEs, globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Gas Internal Combustion Engine Market Research Report
By Type
Spark Ignition, Compression Ignition
By Application
Automobile Engine, Aircraft Engine, Locomotive Engine, Marine Engine, Other
By Companies
Caterpillar, Mitsubishi Heavy Industries, Cummins, Daimler AG, Deutz, Yanmar Company, Rolls-royce, Hyundai, Agcopower, Ashok Leyland, Shanghai Diesel
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Natural Gas Internal Combustion Engine Market Report Segments:
The global Natural Gas Internal Combustion Engine market is segmented on the basis of:
Types
Spark Ignition, Compression Ignition
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
Automobile Engine, Aircraft Engine, Locomotive Engine, Marine Engine, Other
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:
- Caterpillar
- Mitsubishi Heavy Industries
- Cummins
- Daimler AG
- Deutz
- Yanmar Company
- Rolls-royce
- Hyundai
- Agcopower
- Ashok Leyland
- Shanghai Diesel
Highlights of The Natural Gas Internal Combustion Engine 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:
- Spark Ignition
- Compression Ignition
- By Application:
- Automobile Engine
- Aircraft Engine
- Locomotive Engine
- Marine Engine
- Other
- 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 Natural Gas Internal Combustion Engine 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
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?
A natural gas internal combustion engine is a type of engine that uses compressed natural gas (CNG) or liquefied petroleum gas (LPG) as the fuel. These engines are typically smaller and more efficient than traditional gasoline-powered engines, and they produce less pollution.
Some of the major companies in the natural gas internal combustion engine market are Caterpillar, Mitsubishi Heavy Industries, Cummins, Daimler AG, Deutz, Yanmar Company, Rolls-royce, Hyundai, Agcopower, Ashok Leyland, Shanghai Diesel.
The natural gas internal combustion engine market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural Gas Internal Combustion Engine 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. Natural Gas Internal Combustion Engine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Natural Gas Internal Combustion Engine Market - Supply Chain
4.5. Global Natural Gas Internal Combustion Engine Market Forecast
4.5.1. Natural Gas Internal Combustion Engine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Gas Internal Combustion Engine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Gas Internal Combustion Engine Market Absolute $ Opportunity
5. Global Natural Gas Internal Combustion Engine 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. Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Type
5.3.1. Spark Ignition
5.3.2. Compression Ignition
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Gas Internal Combustion Engine 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. Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Application
6.3.1. Automobile Engine
6.3.2. Aircraft Engine
6.3.3. Locomotive Engine
6.3.4. Marine Engine
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Gas Internal Combustion Engine 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. Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine 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. Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine Demand Share Forecast, 2019-2026
9. North America Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Application
9.4.1. Automobile Engine
9.4.2. Aircraft Engine
9.4.3. Locomotive Engine
9.4.4. Marine Engine
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Type
9.7.1. Spark Ignition
9.7.2. Compression Ignition
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 Natural Gas Internal Combustion Engine Demand Share Forecast, 2019-2026
10. Latin America Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Application
10.4.1. Automobile Engine
10.4.2. Aircraft Engine
10.4.3. Locomotive Engine
10.4.4. Marine Engine
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Type
10.7.1. Spark Ignition
10.7.2. Compression Ignition
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 Natural Gas Internal Combustion Engine Demand Share Forecast, 2019-2026
11. Europe Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Application
11.4.1. Automobile Engine
11.4.2. Aircraft Engine
11.4.3. Locomotive Engine
11.4.4. Marine Engine
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Gas Internal Combustion Engne Market Size and Volume Forecast by Type
11.7.1. Spark Ignition
11.7.2. Compression Ignition
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 Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Natural Gas Internal Combustion Engine Demand Share, 2019-2026
12. Asia Pacific Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Application
12.4.1. Automobile Engine
12.4.2. Aircraft Engine
12.4.3. Locomotive Engine
12.4.4. Marine Engine
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Type
12.7.1. Spark Ignition
12.7.2. Compression Ignition
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 Natural Gas Internal Combustion Engine Demand Share, 2019-2026
13. Middle East & Africa Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine 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 Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Application
13.4.1. Automobile Engine
13.4.2. Aircraft Engine
13.4.3. Locomotive Engine
13.4.4. Marine Engine
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural Gas Internal Combustion Engine Market Size and Volume Forecast by Type
13.7.1. Spark Ignition
13.7.2. Compression Ignition
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 Natural Gas Internal Combustion Engine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural Gas Internal Combustion Engine Market: Market Share Analysis
14.2. Natural Gas Internal Combustion Engine Distributors and Customers
14.3. Natural Gas Internal Combustion Engine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsubishi Heavy Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cummins
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Daimler AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Deutz
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yanmar Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rolls-royce
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyundai
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Agcopower
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ashok Leyland
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Diesel
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
