Global Gas Engines Market To Record Protruding Growth With US$ 5,990.1 Million By 2028

July 2022 | Report Format: Electronic (PDF)

The key element driving market expansion is the expanding need for economic power-generating technologies; the expanding demographic in emerging nations such as India, China, Brazil, as well as Mexico has enhanced industry development. Also, due to the development of industrialized nations and improving living conditions, which raises the demand for electrical supplies, several counties throughout the world are extending their energy production capacity by enhancing the capability of the current facility or building new facilities.

Businesses are shifting towards employing sustainable power supplies for power production and mostly favor gas-based turbines to utilize natural gas as power resources as a result of tight regulatory laws on carbon pollution, which are driving industry development. Additional element supporting industry expansion is the growing need for gas-fired electricity production technologies and the increased emphasis on reducing carbon pollution. Natural gas-powered engines have a high operating rate, quick start-up, and flexible load effectiveness depending on power requirements, which are elements driving industry expansion.

The European area has a high number of industry shares since it is continually experiencing chilly conditions that need heat for home and business spaces, which enhances the need for cogeneration technologies that is the reason driving business development in the nation. Simultaneously, Asia-Pacific is indeed the fastest-growing area due to rising power consumption in countries such as India, Japan, as well as South Korea, and therefore a focus on embracing clean and dependable energy resources, which are elements fuelling the industry expansion of the Gasoline Engine Industry.

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Gas Engines Market Report Highlights

• Clarke as well as Innio Jenbacher dedicated a gas motor to operate a pasta mill in Douala, Cameroon, in May 2021. The J320 engine, which is powered by natural gas, provides dependable on-site power to the plant.
• In December 2021, Rolls-Royce Holdings will introduce engine running intervals of up to 96,000 hours beyond overhauls (TBO) for the latest MTU Series 4000 engines for corporate marine operations.
• In September 2021, Wärtsilä (Finland) as well as Gabon Power Company (GPC), a unit of the Sovereign Fund of the Gabonese Republic (FGIS), agreed on a Concession Contract with the Ministry of Gabon for the design, supply, building, management, and support of a 120 MW gas power station.

GAS ENGINES MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Gas Engines Fuel Type Outlook (Revenue, USD Million, 2017 - 2028)

• Special Gas
• Natural Gas
• Others

Gas Engines Power Output Outlook (Revenue, USD Million, 2017 - 2028)

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

Gas Engines Application Outlook (Revenue, USD Million, 2017 - 2028)

• Mechanical Drive
• Power Generation
• Cogeneration
• Others

Gas Engines End-User Outlook (Revenue, USD Million, 2017 - 2028)

• Oil & Gas
• Utilities
• Marine
• Manufacturing
• Others

Gas Engines Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Gas Engines Market

• Baudouin
• Caterpillar
• China Yuchai International Limited
• Cooper Corp.
• Cummins Inc.
• Doosan Corporation
• Googol Engine Tech
• Hyundai Heavy Industries Co., Ltd.
• INNIO
• Kohler Co.
• Mitsubishi Heavy Industries, Ltd.
• Rolls-Royce plc
• Siemens
• Volkswagen AG
• Wärtsilä
• Yanmar Co Ltd.

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