Gas EnginesKey market players analyzed in report – 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 Gas Engines Market Market Outlook
Gas engines are internal engines capable of running with low noise levels, low vibrations, and low emissions. Some of them run on simple technology and reliable and durable in nature. They run on natural gas, biogas, producer gas, and coal gas. The global gas engines market report by Market Research Future (MRFR) entails a comprehensive analysis of the trends and drivers.
The global gas engines market is touted to touch a significant valuation at a CAGR of 7% from 2018 to 2023 (forecast period), as per MRFR. The market is driven by the need for low-noise gas engines due to the construction of gas-powered plants. The drop in natural gas prices combined with the growing demand for electricity can spur the market growth. Price arbitration due to the imbalance in demand-supply of natural gas can be a challenge for the gas engines market.
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.
Gas Engines Market Market Segment analysis:
The global gas engines market is segmented by fuel type, application, power, and end-user.
By fuel type, it is segmented into natural gas, special gas, and others.
By application, it is segmented into power generation, co-generation, and others.
By power, it is segmented into 10.0 MW-20.0 MW, 1.0 MW -2.0 MW, 2.0 MW-5.0 MW, 0.5 MW-1.0 MW, and 5.0 MW-10.0 MW.
By end-user, it is segmented into oil & gas, manufacturing, utilities, and others.
Gas Engines Market Market Segment Regional Analysis:
The gas engines market looks upon the following regions – Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW), for a careful consideration of the impending demand.
The European region is anticipated to be lucrative for the global market owing to various policies regarding emissions. In addition, the demand for a steady supply of electricity can drive the gas engine market growth in the region.
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 in light of development of renewable energy projects coupled with advances in these engines which can enhance operational flexibility.
On the other hand, the APAC region can exhibit a strong growth rate due to rise in industrial trade and the sharp uptick in migration to cities. Adherence to latest emission standards has driven the development of gas engines. For instance, China Yuchai International Limited, a prominent engine manufacturer, has launched 4 natural gas engines which are compliant with Euro VI emission standards. They are catered to heavy and medium segments with power ranges between 100 and 650 horsepower (HP).
In 2019, Innio has agreed to supply 8 gas engines to Chongqing Yuxin Energy’s Chongqing Songzao coal mine methane gas power plant based in China. A total of 55.8 megawatt (MW) will be attached to the plant for its expansion. This will be in line with the government policy to reduce emissions and minimize impact of coal production.
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Gas Engines Market, By Fuel Type
4.2 Natural Gas
4.3 Special Gas
5 Global Gas Engines Market, By Application
5.2 Power Generation
6 Global Gas Engines Market, By Power
6.2 0.5 MW-1.0 MW
6.3 1.0 MW -2.0 MW
6.4 2.0 MW-5.0 MW
6.5 5.0 MW-10.0 MW
6.6 10.0 MW-20.0 MW
7 Global Gas Engines Market, By End User
7.4 Oil & Gas
LIST OF TABLES:
TABLE 1 GLOBAL GAS ENGINESMARKET, BY FUEL TYPE
TABLE 2 GLOBAL GAS ENGINESMARKET, BY APPLICATION
TABLE 3 GLOBAL GAS ENGINESMARKET, BY POWER
TABLE 4 GLOBAL GAS ENGINESMARKET, BY END USER
TABLE 5 GLOBAL GAS ENGINESMARKET, BY REGIONS
TABLE 6 NORTH AMERICA GAS ENGINES MARKET, BY FUEL TYPE
TABLE 7 NORTH AMERICA GAS ENGINES MARKET, BY APPLICATION
TABLE 8 NORTH AMERICA GAS ENGINES MARKET, BY POWER
TABLE 9 NORTH AMERICA GAS ENGINES MARKET, BY END USER
LIST OF FIGURES:
FIGURE 1 RESEARCH APPLICATION
FIGURE 2 GLOBAL GAS ENGINES MARKET: BY FUEL TYPE (%)
FIGURE 3 GLOBAL GAS ENGINES MARKET: BY APPLICATION (%)
FIGURE 4 GLOBAL GAS ENGINES MARKET: BY POWER (%)
FIGURE 5 GLOBAL GAS ENGINES MARKET: BY END USER (%)
FIGURE 6 GLOBAL GAS ENGINES MARKET: BY REGION
FIGURE 7 NORTH AMERICA GAS ENGINES MARKET, BY FUEL TYPE (%)
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