Market Definition

An increase in demand for clean power generation around the world will drive the growth.

The natural gas segment is expected to account for the majority of the market. It's used in base-load power generation and CHP (combined heat and power) systems. Natural gas-fueled gas engines are primarily used by utilities and manufacturing facilities for power generation. Natural gas is primarily used in gas engines ranging from 5 MW to 20 MW. Due to increased adoption of biogas and landfill gas in power generation applications, the special gas segment is also the fastest growing market. Biogas and landfill-based power plants are receiving subsidies from countries all over the world.

The global market is expected to be led by power generation, and this trend is expected to continue during the forecast period. Gas engines are primarily used for power generation in manufacturing plants, commercial buildings, public buildings, and utilities. The gas engines are ideal for applications such as base load, grid support, combined cycle, peak shaving, and distributed power generation. The growing demand for global power, particularly in regions such as Europe, the Americas, and Asia Pacific, is driving the market for gas engines for power generation. During the forecast period, the co-generation application segment is expected to grow at a high CAGR. The increasing installed capacity of gas-fueled CHP power plants in cold climate countries is largely responsible for the growth of co-generation applications.

The market is expected to be led by the utilities segment. Gas engines are primarily used by utilities for base load and peak load power generation. The utilities segment is growing due to falling natural gas prices and an improved natural gas distribution network.

The 1 MW-2 MW gas engines dominated the market. The demand for continuous power from small to mid-range manufacturing facilities, commercial buildings, and hospitals has fueled the growth of 1 MW–2 MW gas engines. These engines can run on natural gas, biogas, special gas, and landfill gas, among other fuels. The main driver for the growth of 1 MW–2 MW gas engines is cost effectiveness and the ability to run on multiple fuels. The 0.5 MW–1 MW gas engines are primarily used for standby or emergency power. These engines are also used as prime movers in compressors and pumps in the oil and gas industry.

The largest market is Europe, which is expected to grow at the fastest rate during the forecast period. The European market for gas engines is expected to dominate the global market during the forecast period due to stringent environmental regulations and low natural gas prices.

Report Scope

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share.

Major Market Players

Key market layers in the global Gas Engine industries are General Electric Company, Caterpillar Inc., Wärtsilä Corporation, Rolls-Royce Holdings plc, Cummins Inc.

The Gas Engine Market report has been categorized as below

By Fuel Type

  • Natural gas
  • Special gas
  • Others 

By Power Output

  • 0.5-1 MW
  • 1-2 MW
  • 2-5 MW
  • 5-10 MW
  • 10-20MW

By Application

  • Power Generation
  • Cogeneration
  • Mechanical Drive
  • Others

By End-user

  • Utilities
  • Manufacturing
  • Oil and gas
  • Others

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East and Africa

The years considered for the study are as follows:

  •  Base year - 2020
  •  Estimated year - 2021
  •  Projected year - 2022
  • Forecast period - 2021 to 2027

Key Questions Addressed by the Report

  •     New products/service competitor are exploring?
  •     Key players in the  Gas Engine Market and how intense is the competition?
  •     What are the upcoming industry trends that manufacturers are focusing on in the future updates?
  •    For each segment, what are the significant opportunities in the market?
  •    What are the key growth strategies adopted by major market players in the market?
  •   What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

  •   Gain comprehensive insights on the Gas Engine industry & market trends
  •   Note complete analysis of the market status
  •  Recognize the market opportunities and growth segments
  •   Evaluating business segments & product portfolios, and interpret competitive dynamics
  •    Facilitate strategy planning and industry dynamics to strengthen decision making

Report Table Of Content

1.  Gas Engine Market Introduction

1.1.  Key Insights

1.2.  Report Overview

1.3.  Markets Covered

1.4.  Stakeholders

2.  Research Methodology

2.1.  Research Scope

2.2.  Market Research Process

2.3.  Research Data Analysis

2.4.  Market Size Estimation

3.  Executive Summary

4.  Market Overview

4.1.  Introduction

4.2.  Market Drivers and Restraints

5.  By Fuel Type

5.1. Natural gas

5.2. Special gas

5.3. Others

6.  By Power Output

6.1. 0.5-1 MW

6.2. 1-2 MW

6.3. 2-5 MW

6.4. 5-10 MW

6.5. 10-20MW

7.  By Application

7.1. Power Generation

7.2. Cogeneration

7.3. Mechanical Drive

7.4. Others

8.  By End-User

8.1. Utilities

8.2. Manufacturing

8.3. Oil and gas

8.4. Others

9.  By Region

9.1.  Key Points

9.2.  North America

9.2.1.  US

9.2.2.  Canada

9.2.3.  Mexico

9.3.  Europe

9.3.1.  Germany

9.3.2.  France

9.3.3.  Italy

9.3.4.  UK

9.3.5.  Rest of World

9.4.  Asia Pacific

9.4.1.  Japan

9.4.2.  China

9.4.3.  India

9.4.4.  Australia

9.4.5.  Rest of Asia Pacific

9.5.  Rest of the World

9.5.1.  South America

9.5.2.  Middle East and Africa

10. Company Profile

(Profile contain company overview, products/services, financials & recent developments)

10.1. General Electric Company

10.1.1. Company Overview

10.1.2. Financial Highlights

10.1.3. Product/Services

10.1.4. Recent Developments

10.2. Caterpillar, Inc.

10.2.1. Company Overview

10.2.2. Financial Highlights

10.2.3. Product/Services

10.2.4. Recent Developments

10.3. Wärtsilä Corporation

10.3.1. Company Overview

10.3.2. Financial Highlights

10.3.3. Product/Services

10.3.4. Recent Developments

10.4. Rolls-Royce Holdings Plc

10.4.1. Company Overview

10.4.2. Financial Highlights

10.4.3. Product/Services

10.4.4. Recent Developments

10.5. Cummins Inc.

10.5.1. Company Overview

10.5.2. Financial Highlights

10.5.3. Product/Services

10.5.4. Recent Developments

10.6. Siemens AG

10.6.1. Company Overview

10.6.2. Financial Highlights

10.6.3. Product/Services

10.6.4. Recent Developments

10.7. MAN SE

10.7.1. Company Overview

10.7.2. Financial Highlights

10.7.3. Product/Services

10.7.4. Recent Developments

10.8. Mitsubishi Heavy Industries, Ltd.

10.8.1. Company Overview

10.8.2. Financial Highlights

10.8.3. Product/Services

10.8.4. Recent Developments

10.9. Kawasaki Heavy Industries, Ltd.

10.9.1. Company Overview

10.9.2. Financial Highlights

10.9.3. Product/Services

10.9.4. Recent Developments

10.10. Liebherr Group

10.10.1. Company Overview

10.10.2. Financial Highlights

10.10.3. Product/Services

10.10.4. Recent Developments

10.11. JFE Holdings, Inc.

10.11.1. Company Overview

10.11.2. Financial Highlights

10.11.3. Product/Services

10.11.4. Recent Developments

10.12. Hyundai Heavy Industries Co., Ltd.

10.12.1. Company Overview

10.12.2. Financial Highlights

10.12.3. Product/Services

10.12.4. Recent Developments

By Application

  • Power Generation
  • Cogeneration
  • Mechanical Drive
  • Others

By End-user

  • Utilities
  • Manufacturing
  • Oil and gas
  • Others

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East and Africa

Licence Option

  • Single User 1500 USD
  • Multiple User 3500 USD

Quality assurance

A testimonial for service in the form of BBB “A” Accreditation.

Your personal and confidential information is safe and secure.

  - Information security

© 2021 Whipsmart. All Rights Reserved.

Terms of use| Site Map