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Market HighlightsThe need for continuous uninterrupted power supply is growing because of the worldwide rise in population and rapid industrialization. Power outages can severely affect productivity and the daily lives of people. This is driving the market for gas engines, which act as reliable power solution with economic operations and less emission.
The Gas Engines Market in the European region is expected to grow the fastest during the forecast period. The presence of ample gas in North Sea & nearby regions and growing investments into gas-fired power generation to meet the rising demand for power in the region has created a positive environment for the growth of Gas Engine Market.
Gas Engines Market is expected to grow over the CAGR of around 7% during the period 2017 to 2023
Key Players:
The key players of global gas engines markets are
• General Electric Company (U.S.),
• Caterpillar Inc. (U.S.),
• Wärtsilä (Finland),
• Rolls-Royce Holdings plc (U.K),
• Cummins Inc. (U.S),
• Siemens AG (Germany),
• Man SE (Germany),
• Kawasaki Heavy Industries, Ltd. (Japan),
• Mitsubishi Heavy Industries, Ltd. (Japan),
• Deutz AG (Germany),
• Yanmar Co., Ltd. (Japan)
• Doosan Infracore (South Korea).
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Market Research Analysis
Europe region is expected to grow at the fastest rate
In 2017, Europe accounted for the highest market share in gas engine market. This is due to growing conversion of conventional coal-fired power plants into gas-fired power plants. The exploration of new shale gas in Norwegian continental shelf and growing investment towards gas-powered generation to meet the rising demand for power, will drive gas engine market in this region.
Scope of the Report
This study provides an overview of the global gas engines market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global gas engines market by its fuel type, application, by power, by end user and by regions.
By Fuel Type
• Natural Gas
• Special Gas
• Others
By Application
• Power Generation
• Co-Generation
• Continuous power
• Others
By Power
• 0.5 MW-1.0 MW
• MW -2.0 MW
• MW-5.0 MW
• 5.0 MW-10.0 MW
• 10.0 MW-20.0 MW
By End users
• Utilities
• Manufacturing
• Oil & Gas
• Others
By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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The report for Global Gas Engines Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Release ID: 250519