According to “Gas Engines Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Global Gas Engines Market to grow at 6.52% CAGR by 2023. Gas Engines Industry 2019 Report Segments Market for Gas Engines by Fuel Type (Natural Gas, Special Gas and Others), Application (Power Generation, Co-Generation and Others), Power (0.5 MW-1.0 MW, 1.0 MW -2.0 MW, 2.0 MW-5.0 MW, 5.0 MW-10.0 MW and 10.0 MW-20.0 MW), End User (Utilities, Manufacturing, Oil & Gas and Others) and by Region.
Global Gas Engines Key Players Analyzed in Report –
Key market players include Doosan Infracore, Yanmar Co., Ltd., Cummins Inc., Caterpillar Inc., Rolls-Royce Holdings plc, Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., General Electric Company, Siemens AG, Man SE, Deutz AG, Wärtsilä, and others.
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Global Market Highlights:
A gas engine is an internal combustion engine, which runs on gas fuel, such as coal gas, producer gas, biogas, landfill gas or natural gas. Generally, gas engines are heavy-duty industrial engines capable of running continuously at full load. The global gas engines market report by Market Research Future (MRFR) entails a comprehensive analysis of the trends and drivers. As per Market Research Future (MRFR)’s analysis, the global gas engines market is expected to capitalize on the booming opportunities while striking a CAGR of 7% during the forecast period. The global economy is gaining momentum which has opened avenues for rapid industrialization and urbanization across developed and developing nations.
The growing population as well as the rising rate of industrialization can drive the global gas engines market. Leaning of nations towards gases over hydrocarbons can work favorably for the market. Developments in gas-powered plants and production of gas-fueled generators can further the market demand. Construction of gas transportation infrastructure which can drive the consumption of gas and thereby fuel the procurement of gas engines can augur well for the market. But changes in government policies regarding the extraction of natural gas as well as late approvals for gas production can impede the market growth.
Market Segments Analysis:
The global gas engines market is segmented by fuel type, application, power, and end-user.
By fuel type, the global gas engines market has been segmented into natural gas, special gas, and others.
By application, it is segmented into power generation, co-generation, and others.
By power, the global gas engines market has been segmented into 0.5 MW-1.0 MW, 1.0 MW -2.0 MW, 2.0 MW-5.0 MW, 5.0 MW-10.0 MW and 10.0 MW-20.0 MW.
By end-user, it is segmented into oil & gas, manufacturing, utilities, and others.
Regional Market Insights:
The global gas engines market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. The emission norms implemented in European nations has been projected to unleash myriad growth opportunities for the market participants. Furthermore, the rising demand for electricity is likely to support the growth of the gas engines market in the forthcoming years.
The North America gas engine market can expand successfully due to extensive use of internal combustion engines for backup or emergency in large power plants. Reciprocating engines are being deployed considering development of renewable energy projects coupled with advances in these engines which can enhance operational flexibility.
Asia Pacific is an important growth pocket owing to the rapid urban migration witnessed in the region. The region is also facing the global industrial trade affairs. The locational advantage of the region has encouraged leaders of different industries to invest in the region. This, in turn, is prognosticated to favor the expansion of the gas engines market over the next couple of years.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued…
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