Gas Engines Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028
Report Description
The global Gas Engines market size is estimated at USD 4,704.8 million in 2021, expanding at a CAGR of 5.9% from 2022 to 2028 to reach 5,990.1 million USD in 2028.
Market Dynamics
Power usage in emerging nations including Brazil, China, and Mexico has risen dramatically in recent years. The significant expansions of the industry, booming industrial industry, and expanding population have contributed to a rise in electricity usage. Moreover, as emerging nations expand and living conditions increase, there is a larger need for electricity usage. For example, the U.S. Energy Information Administration (EIA) predicted in September 2020 that worldwide electricity ingestion will indeed rise from approximately 50% by 2050.
According to worldwide industry data, there is a progressive trend toward the usage of gas-fired power generation. In addition, there is a greater emphasis on reducing carbon emissions, which aids in the eventual decrease of the environmental footprint. In addition, according to the 2019 BP Statistical Review of World Energy, there is a rise in the need for natural energy. Natural gas extraction on a huge scale is assisting in its greater usage for power generating.
One of the key factors is that gas engines release less carbon dioxide. The primary role of the gasoline engines utilized in gas-fired generating plants is to provide power to assist the generation in manufacturing energy. It also aids in the delivery of power to various utilities and companies that rely on it. Many more advantages are linked together with the usage of gas turbines in the energy plants. A rapid start, versatility in the loading, along with, efficiency for output as per the need, are some aspects that drive to grow in the quantity of gas-filled generating plant setups.
Regional Insights
The Gas Engines Industry was led by Europe, trailed by North America as well as APAC. The Asia Pacific business is expanding due to the rising consumption of economical and clean power generating techniques, as well as the restoration of old battery storage facilities and the transition of coal-fired power plants to gas-fired ones.
The bulk of European nations always suffers frigid weather. As a consequence, they seek heat for both home and commercial areas, resulting in a high market for cogeneration solutions. The European continent has the greatest potential for high implementation of gasoline engines in a variety of industries. Government initiatives promoting a clean and renewable transition serve as a stimulus for industry development, as hydrogen as well as natural-gas-based systems provide an emission-free atmosphere.
Segment Dynamics
The Gas Engines market is fragmented into the Fuel Type, Power Output, Applications, and end-user segments. Based on the Power Output, the above 15MW segment is anticipated to dominate the market. By Fuel Type, the natural gas segment is projected to grow at the highest CAGR during the forecast period. By end-user, the utility segment is expected to hold the majority of the market share.
Competitive Insights
The industry is populated by a significant range of small and major companies who provide goods for a wide range of industries, therefore influencing the competition environment. These main firms are mostly active at the national and regional levels, making it difficult for them to adequately meet the demands of their international customers. To encounter the increasing requirement, the participants are trying to bring advancements in electricity output technology. The latest variety of extremely efficient gasoline engines is prospering in the gas engine industry, particularly, Gas Engine TCG 3020, Gasoline engine TCG 3016, and small modules including the containers cogeneration facility.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Gas Engines by Fuel Type, Power Output, end-user, region, and Application. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- 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.
Power Output Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- 0.5–1 MW
- 1–2 MW
- 2–5 MW
- 5–15 MW
- Above 15 MW
Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Mechanical Drive
- Power Generation
- Cogeneration
- Others
End-User Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Oil & Gas
- Utilities
- Marine
- Manufacturing
- Others
Fuel Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Special Gas
- Natural Gas
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Gas Engines Market Overview
1.1. Product Overview and Scope of Gas Engines
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Gas Engines Market Size Growth Rate Analysis by Fuel Type 2021 VS 2028
1.3.1. Special Gas
1.3.2. Natural Gas
1.3.3. Others
1.4. Global Gas Engines Consumption Comparison by Application: 2021 VS 2028
1.4.1. Mechanical Drive
1.4.2. Power Generation
1.4.3. Cogeneration
1.4.4. Others
1.5. Global Gas Engines Consumption Comparison by Power Output: 2021 VS 2028
1.5.1. 0.5–1 MW
1.5.2. 1–2 MW
1.5.3. 2–5 MW
1.5.4. 5–15 MW
1.5.5. Above 15 MW
1.6. Global Gas Engines Consumption Comparison by End User: 2021 VS 2028
1.6.1. Oil & Gas
1.6.2. Utilities
1.6.3. Marine
1.6.4. Manufacturing
1.6.5. Others
1.7. Global Gas Engines Market Size Estimates and Forecasts by Region: 2021 VS 2028
1.7.1. North America Gas Engines Estimates
1.7.2. Europe Gas Engines Estimates
1.7.3. China Gas Engines Estimates
1.7.4. Japan Gas Engines Estimates
2. Market Competition by Manufacturers
2.1. Global Gas Engines Revenue Market Share by Manufacturers (2020)
2.2. Gas Engines Market Share by Company Power Output (Tier 1, Tier 2 and Tier 3)
2.3. Global Gas Engines Average Price by Manufacturers (2017-2021)
2.4. Manufacturers Gas Engines Production Sites, Area Served, Product Types
2.5. Gas Engines Market Competitive Situation and Trends
2.5.1. Gas Engines Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Gas Engines Consumption by Region (2017-2021)
3.1. Global Gas Engines Consumption by Region
3.2. Global Gas Engines Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Gas Engines Consumption Growth Rate (2017-2021)
3.2.3. North America Gas Engines Consumption, Price and Gross Margin (2017-2021)
3.2.4. North America Gas Engines Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Gas Engines Consumption Growth Rate (2017-2021)
3.2.7. Europe Gas Engines Consumption, Price and Gross Margin (2017-2021)
3.2.8. Europe Gas Engines Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Gas Engines Consumption Growth Rate (2017-2021)
3.2.11. Asia Pacific Gas Engines Consumption, Price and Gross Margin (2017-2021)
3.2.12. Asia Pacific Gas Engines Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Gas Engines Consumption Growth Rate (2017-2021)
3.2.15. South America Gas Engines Consumption, Price and Gross Margin (2017-2021)
3.2.16. South America Gas Engines Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Gas Engines Consumption Growth Rate (2017-2021)
3.2.19. Middle East and Africa Gas Engines Consumption, Price and Gross Margin (2017-2021)
3.2.20. Middle East and Africa Gas Engines Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Gas Engines Consumption by Power Output (2017-2021)
4.1. Global Gas Engines Price by Power Output (2017-2021)
4.2. Global Gas Engines Revenue Market Share by Power Output (2017-2021)
4.2.1. 0.5–1 MW
4.2.2. 1–2 MW
4.2.3. 2–5 MW
4.2.4. 5–15 MW
4.2.5. Above 15 MW
5. Global Gas Engines Consumption by Application (2017-2021)
5.1. Global Gas Engines Price by Application (2017-2021)
5.2. Global Gas Engines Revenue Market Share by Application (2017-2021)
5.2.1. Mechanical Drive
5.2.2. Power Generation
5.2.3. Cogeneration
5.2.4. Others
6. Global Gas Engines Consumption by End User (2017-2021)
6.1. Global Gas Engines Price by End User (2017-2021)
6.2. Global Gas Engines Revenue Market Share by End User (2017-2021)
6.2.1. Oil & Gas
6.2.2. Utilities
6.2.3. Marine
6.2.4. Manufacturing
6.2.5. Others
7. Global Gas Engines Consumption by Fuel Type (2017-2021)
7.1. Global Gas Engines Price by End User (2017-2021)
7.2. Global Gas Engines Revenue Market Share by Fuel Type (2017-2021)
7.2.1. Special Gas
7.2.2. Natural Gas
7.2.3. Others
8. Key Companies Profiled
8.1. Baudouin
8.1.1. Baudouin Gas Engines Corporation Information
8.1.2. Baudouin Gas Engines Product Portfolio
8.1.3. Baudouin Gas Engines Consumption, Price and Gross Margin (2017-2021)
8.1.4. Baudouin Main Business and Markets Served
8.1.5. Baudouin Recent Developments/Updates
8.2. Caterpillar
8.3. China Yuchai International Limited
8.4. Cooper Corp.
8.5. Cummins Inc.
8.6. Doosan Corporation
8.7. Googol Engine Tech
8.8. Hyundai Heavy Industries Co., Ltd.
8.9. INNIO
8.10. Kohler Co.
8.11. Mitsubishi Heavy Industries, Ltd.
8.12. Rolls-Royce plc
8.13. Siemens
8.14. Volkswagen AG
8.15. Wärtsilä
8.16. Yanmar Co Ltd.
9. Marketing Channel, Distributors and Customers
9.1. Marketing Channel
9.2. Gas Engines Distributors List
9.3. Gas Engines Customers
10. Market Dynamics
10.1. Gas Engines Industry Trends
10.2. Gas Engines Growth Drivers
10.3. Gas Engines Market Challenges
10.4. Gas Engines Market Restraints
11. Global Gas Engines Consumption and Demand Forecast, by Region (2022-2028)
11.1. Global Forecasted Demand Analysis of Gas Engines, by Regions and Country
11.1.1. North America Forecasted Consumption of Gas Engines by Country
11.1.2. Europe Market Forecasted Consumption of Gas Engines by Country
11.1.3. Asia Pacific Market Forecasted Consumption of Gas Engines by Region
11.1.4. Latin America Forecasted Consumption of Gas Engines by Country
11.1.5. Middle East and Africa Forecasted Consumption of Gas Engines by Country
12. Global Gas Engines Consumption and Demand Forecast, by Device Segments (2022-2028)
12.1. Global Forecasted Consumption of Gas Engines by Power Output Segments (2022-2028)
12.2. Global Consumption and Price Forecast by Enterprise Segment Segments (2022-2028)
12.3. Global Forecasted Growth Rate of Gas Engines by End-User Segments (2022-2028)
13. Research Finding and Conclusion
14. Methodology and Data Source
14.1. Methodology/Research Approach
14.1.1. Research Programs/Power Output
14.1.2. Market Size Estimation
14.1.3. Market Breakdown and Data Triangulation
14.2. Data Source
14.2.1. Secondary Sources
14.2.2. Primary Sources
14.3. Author List
14.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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