Press release
Gas Engine Market to reach USD 6.50 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation
Gas Engine Market
Gas Engine Market Report Scope and Research Methodology
A gas engine refers to an internal combustion engine that runs on gaseous fuels like coal gas, producer gas, biogas, landfill gas, and natural gas. They provide maximum electrical and thermal efficiency, low operating and maintenance costs, and high dependability and availability, achieving a 90% efficiency rate. Gas engines run constantly at full load, making them increasingly popular, particularly in the industrial and commercial sectors, where a stable and consistent electrical supply is critical.
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Gas Engine Market Dynamics
With growing concerns about air pollution, countries worldwide are promoting the use of gas as a source of power generation over other hydrocarbons such as crude oil and coal. Emerging countries like India and China are spending heavily on gas transportation infrastructure to provide a reliable and consistent supply of gas, which is expected to drive the gas-fired power generating industry forward. The necessity for gas engines in the power sector is expected to grow during the forecast period.
The gas engine market report provides a comprehensive analysis of the market's growth, size, and demand in different regions, applications, and fuel types. The report also covers the competitive landscape, market shares, and trends and strategies of the key players in the market.
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Gas Engine Market Regional Insights
North America region held the largest market share accounted for 36.2 percent in 2021. The Asia Pacific region is expected to witness rapid growth during the forecast period. The region's growth is attributed to the growing penetration of CNG-powered vehicles and increasing demand for electricity, in developing countries such as India and China.
Gas Engine Market Segmentation
By Fuel type:
• Natural Gas
• Other Gas
By Power Output:
• 0.5-1 MW
• 1-2 MW
• 2-5 MW
• 5-10 MW
• 10-20 MW
By Application:
• Power Generation
• Mechanical driver
• Cogeneration
• Others
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Gas Engine Market Key Competitors include:
• INNIO
• Caterpillar
• Wartsila Corporation
• Rolls-Royce Holdings plc.
• Cummins
• Siemens
• Man SE
• Mitsubishi Heavy Industries
• Kawasaki Heavy Industries
• Ningbo C.S.I Power & Machinery Group
• IHI Power Systems
• JFE Engineering Corporation
• Liebherr
• Hyundai Heavy Industries
• JiNan Lvneng Power Machinery Equipment Co., Ltd.
• R Schmitt Enertec
• CNPC Jichai Power Complex
• Fairbanks Morse
• Googol Power
• Westport Fuel Systems Inc.
• Doosan Corporation
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Table of Content for Gas Engine Market
Global Gas Engine Market: Research Methodology
Global Gas Engine Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Gas Engine Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Gas Engine Market Segmentation
Global Market, by Fuel type (2021-2029)
Global Market, by Power Output (2021-2029)
Global Market, by Application (2021-2029)
Regional Gas Engine Market (2021-2029)
Regional Market, by Fuel type (2021-2029)
Regional Market, by Power Output (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Fuel type, Power Output and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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