Gas Engines Market - Trends Forecast (2022-2028)

Gas Engines Market – Trends Forecast (2022-2028)

The Gas Engines market size is projected to reach a CAGR of 4.3% from 2022 to 2028.

A gas engine is a combustion engine which operates on a gaseous fuel, like coal gas, producer gas, biogas, landfill gas or natural gas. In the United States, due to the widespread use of "gas" as an abbreviation for gasoline (petrol), such an engine might also be called a gaseous-fueled engine or natural gas engine or spark ignited.

Raised demand for cleaner and efficient power generation technology are some of the factors that have supported long-term expansion for Gas Engines Market.

Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the surged demand for efficient and clean power generation technologies, and the replacement of aging power generation infrastructure and conversion of coal-based power plants to gas based plants.

Gas Engines Market is segmented into Fuel Type, Power Output, Application, and End-User Industry and region.

On the basis of Fuel Type

• Natural Gas
• Special Gas
• Others (Coal Gas, Producer Gas, and Propane Gas)   

On the basis of Power Output

• 0.5–1 MW
• 1–2 MW
• 2–5 MW
• 5–15 MW
• Above 15 MW

On the basis of Application

• Power Generation
• Mechanical Drive
• Cogeneration
• Others (Trigeneration, Quadgeneration, Greenhouse Operations, and Renewable Energy)

On the basis of End-User Industry

• Utilities
• Marine
• Oil & Gas
• Manufacturing
• Others (Commercial Complexes, Wasterwater Treatment Plants, Hospitals, and Greenhouse Operators)

On the basis of Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Insights are provided for each region and major countries within the regions

 

Key Players

• Briggs and Stratton Corporation
• Champion Power Equipment
• Kohler Co.
• Liquid Combustion Technology
• Kipor Power
• Kawasaki Heavy Industries
• Honda Motor Co., Ltd
• Fuji Heavy Industries
• Yamaha Motor Corporation
• Kubota corporation

Recent Developments

• In November 2021, Wärtsilä signed a pact with Comision Federal de Electricidad (CFE), which is a Mexican state-owned  electricity unit which is two large multi-fuel power plants having a combined output of 600 MW.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Gas Engines Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature	Descriptions
Growth Rate	CAGR of 4.3% during the forecasting period, 2022-2028
Historical Data	2019-2020
Forecast Years	2022-2028
Base Year	2021
Units Considered	Revenue in USD billion and CAGR from 2022 to 2028
Report Segmentation	Fuel Type, Power Output, Application, and End-User Industry and region.
Report Attribute	Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level Scope	North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level Scope	U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies Profiled	Briggs & Straton Corporation., Kohler Co., Kawasaki Heavy Industries, Honda Motor Co, Fuji Heavy Industries, Yamaha Motor Corporation, Kubota Corporation, Liquid Combustion Technology, Kipor Power, and Champion Power Equipment
Available Customization	In addition to the market data for Gas Engines Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.