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Gas Engine Market in North America 2024-2028

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    Report

  • 134 Pages
  • August 2024
  • Region: North America
  • TechNavio
  • ID: 5118664
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Technavio has been monitoring the gas engine market in North America and it is poised to grow by $ 468.61 million during 2022-2026, accelerating at a CAGR of 5.6% during the forecast period. The report on the gas engine market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current regional market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for efficient heat and power generation in North America, abundant availability of natural gas in North America, and a reduction in prices of natural gas.

The gas engine market in North America analysis includes the application and end-user segments.

The gas engine market in North America is segmented as below:

By Application

  • Power generation
  • Co-generation
  • Others

By End-user

  • Power
  • Industrial
  • Residential
  • Commercial
This study identifies the shift from conventional coal-fired to gas-fired power plants as one of the prime reasons driving the gas engine market growth in North America during the next few years. Also, an increasing number of product launches and the advent of the dual-fuel engine will lead to sizable demand in the market.

The report on the gas engine market in North America covers the following areas:

  • Gas engine market sizing
  • Gas engine market forecast
  • Gas engine market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gas engine market vendors in North America including Caterpillar Inc., China National Petroleum Corp., China Yuchai International Ltd., Cummins Inc., DEUTZ AG, Fairbanks Morse LLC, HD Hyundai Co.Ltd., IHI Corp., INNIO Jenbacher GmbH and Co. OG, JFE Engineering Corp., Kawasaki Heavy Industries Ltd., Kohler Co., Liebherr International AG, MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., R Schmitt Enertec GmbH, Rolls Royce Holdings Plc, Siemens AG, Westport Fuel Systems Inc., and Yanmar Holdings Co. Ltd. Also, the gas engine market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Chart on North America: Year-over-year growth 2023-2028 (%)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
4 Historic Market Size
4.1 Gas Engine Market in North America 2018 - 2022
Historic Market Size - Data Table on Gas Engine Market in North America 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
6.3 Power generation - Market size and forecast 2023-2028
Chart on Power generation - Market size and forecast 2023-2028 ($ million)
Data Table on Power generation - Market size and forecast 2023-2028 ($ million)
Chart on Power generation - Year-over-year growth 2023-2028 (%)
Data Table on Power generation - Year-over-year growth 2023-2028 (%)
6.4 Co-generation - Market size and forecast 2023-2028
Chart on Co-generation - Market size and forecast 2023-2028 ($ million)
Data Table on Co-generation - Market size and forecast 2023-2028 ($ million)
Chart on Co-generation - Year-over-year growth 2023-2028 (%)
Data Table on Co-generation - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Power - Market size and forecast 2023-2028
Chart on Power - Market size and forecast 2023-2028 ($ million)
Data Table on Power - Market size and forecast 2023-2028 ($ million)
Chart on Power - Year-over-year growth 2023-2028 (%)
Data Table on Power - Year-over-year growth 2023-2028 (%)
7.4 Industrial - Market size and forecast 2023-2028
Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Chart on Industrial - Year-over-year growth 2023-2028 (%)
Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.5 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ million)
Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.6 Commercial - Market size and forecast 2023-2028
Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Chart on Commercial - Year-over-year growth 2023-2028 (%)
Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Caterpillar Inc.
Caterpillar Inc. - Overview
Caterpillar Inc. - Business segments
Caterpillar Inc. - Key news
Caterpillar Inc. - Key offerings
Caterpillar Inc. - Segment focus
11.4 Cummins Inc.
Cummins Inc. - Overview
Cummins Inc. - Business segments
Cummins Inc. - Key news
Cummins Inc. - Key offerings
Cummins Inc. - Segment focus
11.5 HD Hyundai Co. Ltd.
HD Hyundai Co. Ltd. - Overview
HD Hyundai Co. Ltd. - Business segments
HD Hyundai Co. Ltd. - Key offerings
HD Hyundai Co. Ltd. - Segment focus
11.6 INNIO Jenbacher GmbH and Co. OG
INNIO Jenbacher GmbH and Co. OG - Overview
INNIO Jenbacher GmbH and Co. OG - Product / Service
INNIO Jenbacher GmbH and Co. OG - Key offerings
11.7 Kawasaki Heavy Industries Ltd.
Kawasaki Heavy Industries Ltd. - Overview
Kawasaki Heavy Industries Ltd. - Business segments
Kawasaki Heavy Industries Ltd. - Key news
Kawasaki Heavy Industries Ltd. - Key offerings
Kawasaki Heavy Industries Ltd. - Segment focus
11.8 Liebherr International AG
Liebherr International AG - Overview
Liebherr International AG - Product / Service
Liebherr International AG - Key news
Liebherr International AG - Key offerings
11.9 MAN Energy Solutions SE
MAN Energy Solutions SE - Overview
MAN Energy Solutions SE - Product / Service
MAN Energy Solutions SE - Key offerings
11.10 Mitsubishi Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd. - Overview
Mitsubishi Heavy Industries Ltd. - Business segments
Mitsubishi Heavy Industries Ltd. - Key news
Mitsubishi Heavy Industries Ltd. - Key offerings
Mitsubishi Heavy Industries Ltd. - Segment focus
11.11 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
11.12 Yanmar Holdings Co. Ltd.
Yanmar Holdings Co. Ltd. - Overview
Yanmar Holdings Co. Ltd. - Product / Service
Yanmar Holdings Co. Ltd. - Key news
Yanmar Holdings Co. Ltd. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Application
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on North America: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Historic Market Size - Data Table on Gas Engine Market in North America 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Application - Market share 2023-2028 (%)
Exhibits 28: Data Table on Application - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Application
Exhibits 30: Data Table on Comparison by Application
Exhibits 31: Chart on Power generation - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Power generation - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Power generation - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Power generation - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Co-generation - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Co-generation - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Co-generation - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Co-generation - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by Application ($ million)
Exhibits 44: Data Table on Market opportunity by Application ($ million)
Exhibits 45: Chart on End-user - Market share 2023-2028 (%)
Exhibits 46: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by End-user
Exhibits 48: Data Table on Comparison by End-user
Exhibits 49: Chart on Power - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Power - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Power - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Power - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 65: Market opportunity by End-user ($ million)
Exhibits 66: Data Table on Market opportunity by End-user ($ million)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2023 and 2028
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Matrix on companies position and classification
Exhibits 74: Caterpillar Inc. - Overview
Exhibits 75: Caterpillar Inc. - Business segments
Exhibits 76: Caterpillar Inc. - Key news
Exhibits 77: Caterpillar Inc. - Key offerings
Exhibits 78: Caterpillar Inc. - Segment focus
Exhibits 79: Cummins Inc. - Overview
Exhibits 80: Cummins Inc. - Business segments
Exhibits 81: Cummins Inc. - Key news
Exhibits 82: Cummins Inc. - Key offerings
Exhibits 83: Cummins Inc. - Segment focus
Exhibits 84: HD Hyundai Co. Ltd. - Overview
Exhibits 85: HD Hyundai Co. Ltd. - Business segments
Exhibits 86: HD Hyundai Co. Ltd. - Key offerings
Exhibits 87: HD Hyundai Co. Ltd. - Segment focus
Exhibits 88: INNIO Jenbacher GmbH and Co. OG - Overview
Exhibits 89: INNIO Jenbacher GmbH and Co. OG - Product / Service
Exhibits 90: INNIO Jenbacher GmbH and Co. OG - Key offerings
Exhibits 91: Kawasaki Heavy Industries Ltd. - Overview
Exhibits 92: Kawasaki Heavy Industries Ltd. - Business segments
Exhibits 93: Kawasaki Heavy Industries Ltd. - Key news
Exhibits 94: Kawasaki Heavy Industries Ltd. - Key offerings
Exhibits 95: Kawasaki Heavy Industries Ltd. - Segment focus
Exhibits 96: Liebherr International AG - Overview
Exhibits 97: Liebherr International AG - Product / Service
Exhibits 98: Liebherr International AG - Key news
Exhibits 99: Liebherr International AG - Key offerings
Exhibits 100: MAN Energy Solutions SE - Overview
Exhibits 101: MAN Energy Solutions SE - Product / Service
Exhibits 102: MAN Energy Solutions SE - Key offerings
Exhibits 103: Mitsubishi Heavy Industries Ltd. - Overview
Exhibits 104: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibits 105: Mitsubishi Heavy Industries Ltd. - Key news
Exhibits 106: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibits 107: Mitsubishi Heavy Industries Ltd. - Segment focus
Exhibits 108: Siemens AG - Overview
Exhibits 109: Siemens AG - Business segments
Exhibits 110: Siemens AG - Key news
Exhibits 111: Siemens AG - Key offerings
Exhibits 112: Siemens AG - Segment focus
Exhibits 113: Yanmar Holdings Co. Ltd. - Overview
Exhibits 114: Yanmar Holdings Co. Ltd. - Product / Service
Exhibits 115: Yanmar Holdings Co. Ltd. - Key news
Exhibits 116: Yanmar Holdings Co. Ltd. - Key offerings
Exhibits 117: Inclusions checklist
Exhibits 118: Exclusions checklist
Exhibits 119: Currency conversion rates for US$
Exhibits 120: Research methodology
Exhibits 121: Information sources
Exhibits 122: Data validation
Exhibits 123: Validation techniques employed for market sizing
Exhibits 124: Data synthesis
Exhibits 125: 360 degree market analysis
Exhibits 126: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the gas engine market in North America: Caterpillar Inc., China National Petroleum Corp., China Yuchai International Ltd., Cummins Inc., DEUTZ AG, Fairbanks Morse LLC, HD Hyundai Co.Ltd., IHI Corp., INNIO Jenbacher GmbH and Co. OG, JFE Engineering Corp., Kawasaki Heavy Industries Ltd., Kohler Co., Liebherr International AG, MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., R Schmitt Enertec GmbH, Rolls Royce Holdings Plc, Siemens AG, Westport Fuel Systems Inc., and Yanmar Holdings Co. Ltd.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is shift from conventional coal-fired to gas-fired power plants."

According to the report, one of the major drivers for this market is the increasing demand for efficient heat and power generation in North America.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Caterpillar Inc.
  • China National Petroleum Corp.
  • China Yuchai International Ltd.
  • Cummins Inc.
  • DEUTZ AG
  • Fairbanks Morse LLC
  • HD Hyundai Co. Ltd.
  • IHI Corp.
  • INNIO Jenbacher GmbH and Co. OG
  • JFE Engineering Corp.
  • Kawasaki Heavy Industries Ltd.
  • Kohler Co.
  • Liebherr International AG
  • MAN Energy Solutions SE
  • Mitsubishi Heavy Industries Ltd.
  • R Schmitt Enertec GmbH
  • Rolls Royce Holdings Plc
  • Siemens AG
  • Westport Fuel Systems Inc.
  • Yanmar Holdings Co. Ltd.

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About the Gas Engine Market

The Gas Engine market is a subset of the larger Gas industry. It is composed of companies that produce and distribute engines that run on gas. These engines are used in a variety of applications, including automobiles, boats, and industrial machinery. Gas engines are typically more efficient than diesel engines, and they produce fewer emissions. They are also more cost-effective than electric engines. The Gas Engine market is highly competitive, with many companies offering a wide range of products. Some of the major players in the market include Cummins, Caterpillar, John Deere, and Briggs & Stratton. These companies produce a variety of engines, from small engines for lawnmowers to large engines for industrial applications. Other companies in the market include Kohler, Yanmar, and Kubota. Show Less Read more

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