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Gas Engine - Global Market Outlook (2018-2027)

Gas Engine - Global Market Outlook (2018-2027)

4.2 (92 reviews)
Published: January 2020 ID: SMRC18704
4.2 (92 reviews)
Published: January 2020 ID: SMRC18704

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Gas Engine Market is accounted for $3.8 billion in 2018 and is expected to reach $7.6 billion by 2027 growing at a CAGR of 8.0% during the forecast period. Some of the key factors influencing the market growth include fall in Natural Gas prices and clean & efficient power generation technology. However, political uncertainties impacting the supply of Natural Gas are restricting the market growth.

A gas engine is an internal combustion engine that runs on a gaseous fuel, such as coal gas, producer gas, biogas, landfill gas or natural gas. Generally, the term gas engine refers to a heavy-duty industrial engine capable of running continuously at full load for periods approaching a high fraction of 8,760 hours per year, unlike a gasoline automobile engine, which is lightweight, high-revving and typically runs for no more than 4,000 hours in its entire life.

Based on fuel type, natural gas segment is expected to report the fastest growth rate, during the forecast period due to low fuel costs and the relatively lower carbon emissions from natural gas are projected to act as major drivers for the global market growth. By Geography, Asia Pacific has significant growth during the forecast period owing to growing development of advanced automotive engines to produce increased torque and power that are likely to boost the demand for gas engines in Asia-Pacific, especially in China and India.

Some of the key players in Global Gas Engine market are Mitsubishi Heavy Industries, Ltd., Siemens AG, Kawasaki Heavy Industries, Ltd., Hyundai Heavy Industries Co., Ltd., Wartsila Corporation, Cummins, General Electric Company, Rolls-Royce Holdings, Caterpillar, Man SE, JFE Engineering Corporation, 3W International GMBH, Niigata Power Systems Co Ltd, Deutz AG.

Fuel Types Covered:
• Special Gas
• Natural Gas
• Other Fuel Types

Power Outputs Covered:
• 10–20 MW
• 5–10 MW
• 2–5 MW
• 1–2 MW
• 0.5–1 MW

Applications Covered:
• Mechanical Drive
• Power Generation
• Specialty Applications
• Cogeneration
• Other Applications

End-Users Covered:
• Mining
• Greenhouse
• Manufacturing
• Oil & Gas
• Agricultural
• Utilities
• Transportation
• Other End-Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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