Gas Engine Market 2019-2025
New Study Reports “Gas Engine Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025”.
An internal combustion engine regulated by gas fuel, such as coal gas, biogas, landfill gas, producer gas, or natural gas is called a gas engine. Gas engines have several applications. The global gas engine market is capitalizing on its numerous utilities is one of the factors promoting its growth. Alongside, there are several other forces that are likely to impact the expansion of the market, suggest the report. On conducting a comprehensive study on the market, the report has been prepared that offers valuable insights, which ca serve as an effective reference for entrepreneur in making proper decisions.
Gas engine powered generators are continuously operating to generate electricity. An increase in the need to meet demand for reliable power flow, in absence of power supply from centralized power plant, is suring the adoption of gas engines across their utility sectors. Gas engines are gaining high popularity across industries, where natural gas has crucial role to play. Gas engines efficiently handles peak load. Hence, this is boosting their residential applications. These factors are expected to boost the expansion of the global gas engine market.
The existence of strict emission rules on marine fuel is resulting into a surge in the adoption of LNG-fueled vessels. In addition, rise in construction of transmission lines and new power plants are levying huge expenses. Hence, as a means to keep up with the rise in demand for power, cost-effective ways like gas engine are being adopted. Despite the presence of such strong growth boosters, the market is likely to be hindered by certain factors. The integration of energy storage systems with wind and solar power systems can limit the market exposure. Besides, the increase in use of electric vehicles can also be a set-back for the global gas engine market.
The report has profiled some of the noteworthy players prevalent in the global Caterpillar Inc, General Electric Company, Cummins Inc, Wärtsilä Corporation, Kawasaki Heavy Industries Ltd, JFE Holdings Inc, Niigata Power Systems Co. Ltd, Rolls-Royce Holdings Plc, Siemens AG, MAN SE, Liebherr Group, Kawasaki Heavy Industries, Ltd., Deutz AG, and Doosan Infracore and more.
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The global market of gas engines has been classified by fuel type, end-user, application, and power. By fuel type, the market has been split into natural gas and special gas. The large scale application of natural gas across different verticals to generate clean power are factors expected to gain traction for the global gas engine market. By application, the market has been classified into power generation, co-generation, and mechanical drive. The market’s end-user segments are manufacturing and oil & gas. By power, the market has been segmented into 0.5 MW-1.0 MW, 1.0 MW -2.0 MW, MW-5.0 MW, 5.0 MW-10.0 MW, and 10.0 MW-20.0 MW. The increase utility of 1 MW–2 MW gas engine across commercial buildings, manufacturing facilities, and hospitals can bolster the market growth.
Rise in demand for clean and reliable electricity across different industries are in emerging economies, such as India and China and rapid expansion of the energy and power industry in the Asia Pacific region are likely to boost the regional market. The existence of strict gas emission rules & regulations, fuel-effectiveness, rise in environmental concerns to surge Europe market.
Gas Engine Manufacturers
Gas Engine Distributors/Traders/Wholesalers
Gas Engine Subcomponent Manufacturers
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