Global Gas Engine Market 2019-2027 - Research and Markets

The Global Market for Gas Engines to Display an Upward Trend, With an Estimated CAGR of 7.12% Over the Forecast Period 2019 to 2027

MARKET OUTLOOK
A detailed analysis suggests the global market for gas engines to display an upward trend, with an estimated CAGR of 7.12% over the forecast period 2019 to 2027.

The factors driving the gas engine market are the reduction in gas prices, the growing demand for electricity worldwide, the surge in ecological concerns, and the industrial expansion that leads to environmental power generation. Increased preference for distributed power generation and the shift towards gas-fired power plants create positive growth opportunities for the forecast period.

However, the rise in safety concerns and the varying prices of different types of fuels are impeding the growth of the market. Moreover, the depreciation in natural gas reserves and the stringent regulations imposed by authorities are further challenging market growth.

REGIONAL OUTLOOK
The global gas engine market encompasses the regions of Europe, Latin America, North America, the Asia-Pacific, and the Middle East and Africa.

Europe is the dominant region in the market for gas engines, globally, and contributed to 39.56% of the global market share in 2018. The increase in demand for clean energy, the usage of natural gas as an alternative to coal, emission targets by the EU, and the temporary closure of nuclear power plants drive the region’s gas engine market.

Germany is the leading market for gas engines in Europe. The phase-out of nuclear & coal power plants; the shift in focus towards the adoption of renewable energy; and stability in the grid network are the factors boosting the country’s gas engine market. Besides, significant development can also be witnessed in other countries in the region, such as, the UK, Austria, Spain, Poland, France, and Turkey.

COMPETITIVE OUTLOOK
The top companies that have been studied in the gas engine market are China Yuchai International Ltd., Kawasaki Heavy Industries, Ltd., Doosan Infracore Co., Ltd., Dresser-Rand Group, Inc., Fairbanks Morse Engine, Clarke Energy, Mitsubishi Heavy Industries, Ltd., Wärtsilä Corporation, General Electric Company (INNIO), 3W-International GmbH, Deutz AG, Caterpillar Inc., Cummins, Inc., MAN SE, Hyundai Heavy Industries Co., Ltd., and IHI Corporation.

Caterpillar Inc. manufactures construction & mining equipment, industrial gas turbines, diesel & natural gas engines, and diesel-electric locomotives. The company markets its products under the brands of Caterpillar, EMD, CAT, MaK, FG Wilson, Perkins, MWM, SEM, Progress Rail, and Solar Turbines brands. Caterpillar operates across the regions of North America, Asia-Pacific, North America, the Middle East, Africa, and Europe.

It sells its products directly, as well as, with the help of an independent dealer network across the globe. The company’s vast global presence helps it to gain sufficient share in the market. In April 2018, the company entered into an agreement with Minetec for developing and delivering technologies that address challenges encountered during underground hard rock mining.

1. Global Gas Engine Market - Summary

2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Europe Dominates The Overall Market
2.2.2. Advent Of Dual Fuel Engines
2.2.3. Consumption Of Alternate Gases As Fuels
2.3. Porter’S Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitute
2.3.3. Bargaining Power Of Suppliers
2.3.4. Bargaining Power Of Buyers
2.3.5. Threat Of Competitive Rivalry
2.4. Key Impact Analysis
2.4.1. Cost
2.4.2. Efficiency
2.4.3. Emission
2.4.4. Maintenance
2.4.5. Flexibility
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Regulatory Framework
2.8. Market Drivers
2.8.1. Decrease In Gas Prices
2.8.2. Growing Electricity Demand Worldwide
2.8.3. Surge In Ecological Concerns
2.8.4. Industrial Expansion Leading To Environmental Power Generation
2.9. Market Restraints
2.9.1. Abnormalities In Natural Gas Reserves & Provisions Due To Regional Instability
2.9.2. Rise In Safety Concerns
2.9.3. Price Disparity Among Fuels
2.10. Market Opportunities
2.10.1. Emergent Inclination Towards Distributed Power Generation
2.10.2. Advent Of Gas-Fired Power Plants
2.11. Market Challenges
2.11.1. Diminishing Natural Gas Reserves
2.11.2. Firm Regulations Levied By Authorities

3. Global Gas Engine Market Outlook - By Fuel Type
3.1. Natural Gas
3.2. Special Gas
3.3. Other Gas

4. Global Gas Engine Market Outlook - By Power
4.1. 0.5 Mw-1.0 Mw
4.2. 1.0-2.0 Mw
4.3. 2.0-5.0 Mw
4.4. 5.0 Mw-10.0 Mw
4.5. 10.0 Mw-20.0 Mw

5. Global Gas Engine Market Outlook - By Application
5.1. Power Generation
5.2. Co-Generation
5.3. Other Applications

6. Global Gas Engine Market Outlook - By End-User
6.1. Utilities
6.2. Manufacturing
6.3. Oil & Gas
6.4. Transportation
6.5. Other End-Users
7. Global Gas Engine Market - Regional Outlook

7.1. North America
7.1.1. Market By Fuel Type
7.1.2. Market By Power
7.1.3. Market By Application
7.1.4. Market By End-User
7.1.5. Country Analysis
7.1.5.1. United States
7.1.5.2. Canada
7.2. Europe
7.2.1. Market By Fuel Type
7.2.2. Market By Power
7.2.3. Market By Application
7.2.4. Market By End-User
7.2.5. Country Analysis
7.2.5.1. United Kingdom
7.2.5.2. Germany
7.2.5.3. France
7.2.5.4. Spain
7.2.5.5. Italy
7.2.5.6. Russia
7.2.5.7. Rest Of Europe
7.3. Asia-Pacific
7.3.1. Market By Fuel Type
7.3.2. Market By Power
7.3.3. Market By Application
7.3.4. Market By End-User
7.3.5. Country Analysis
7.3.5.1. China
7.3.5.2. Japan
7.3.5.3. India
7.3.5.4. South Korea
7.3.5.5. Asean Countries
7.3.5.6. Australia & New Zealand
7.3.5.7. Rest Of Asia-Pacific
7.4. Latin America
7.4.1. Market By Fuel Type
7.4.2. Market By Power
7.4.3. Market By Application
7.4.4. Market By End-User
7.4.5. Country Analysis
7.4.5.1. Brazil
7.4.5.2. Mexico
7.4.5.3. Rest Of Latin America
7.5. Middle East And Africa
7.5.1. Market By Fuel Type
7.5.2. Market By Power
7.5.3. Market By Application
7.5.4. Market By End-User
7.5.5. Country Analysis
7.5.5.1. United Arab Emirates
7.5.5.2. Turkey
7.5.5.3. Saudi Arabia
7.5.5.4. South Africa
7.5.5.5. Rest Of Middle East & Africa

8. Competitive Landscape
8.1. 3W-International Gmbh
8.2. Caterpillar Inc.
8.3. Cummins, Inc.
8.4. China Yuchai International Ltd.
8.5. Clarke Energy
8.6. Deutz Ag
8.7. Dresser-Rand Group, Inc.
8.8. Doosan Infracore Co., Ltd.
8.9. Fairbanks Morse Engines
8.10. General Electric Company (Innio)
8.11. Hyundai Heavy Industries Co., Ltd.
8.12. Ihi Corporation
8.13. Kawasaki Heavy Industries, Ltd.
8.14. Man Se
8.15. Mitsubishi Heavy Industries, Ltd.
8.16. Wärtsilä Corporation

9. Methodology & Scope
9.1. Research Scope
9.2. Sources Of Data
9.3. Research Methodology

List Of Tables
Table 1: Global Gas Engine Market, By Geography, 2019-2027 (In $ Million)
Table 2: Vendor Scorecard
Table 3: Regulatory Framework
Table 4: Natural Gas Prices (Dollars Per Thousand Cubic Feet)
Table 5: Comparison Of Carbon Dioxide Emission Levels For Different Fuels (1990-2040) (Million Metric Tons)
Table 6: Global Gas Engine Market, By Fuel Type, 2019-2027, (In $ Million)
Table 7: Global Gas Engine Market, By Power, 2019-2027, (In $ Million)
Table 8: Global Gas Engine Market, By Application, 2019-2027, (In $ Million)
Table 9: Global Gas Engine Market, By End-User 2019-2027, (In $ Million)
Table 10: Global Gas Engine Market, By Geography, 2019-2027, (In $ Million)
Table 11: North America Gas Engine Market, By Country, 2019-2027 (In $ Million)
Table 12: North America Gas Engine Market, By Fuel Type, 2019-2027 (In $ Million)
Table 13: North America Gas Engine Market, By Power, 2019-2027 (In $ Million)
Table 14: North America Gas Engine Market, By Application, 2019-2027 (In $ Million)
Table 15: North America Gas Engine Market, By End-User, 2019-2027 (In $ Million)
Table 16: Europe Gas Engine Market, By Country, 2019-2027 (In $ Million)
Table 17: Europe Gas Engine Market, By Fuel Type, 2019-2027 (In $ Million)
Table 18: Europe Gas Engine Market, By Power, 2019-2027 (In $ Million)
Table 19: Europe Gas Engine Market, By Application, 2019-2027 (In $ Million)
Table 20: Europe Gas Engine Market, By End-User, 2019-2027 (In $ Million)
Table 21: Asia-Pacific Gas Engine Market, By Country, 2019-2027 (In $ Million)
Table 22: Asia-Pacific Gas Engine Market, By Fuel Type, 2019-2027 (In $ Million)
Table 23: Asia-Pacific Gas Engine Market, By Power, 2019-2027 (In $ Million)
Table 24: Asia-Pacific Gas Engine Market, By Application, 2019-2027 (In $ Million)
Table 25: Asia-Pacific Gas Engine Market, By End-User, 2019-2027 (In $ Million)
Table 26: Latin America Gas Engine Market, By Country, 2019-2027 (In $ Million)
Table 27: Latin America Gas Engine Market, By Fuel Type, 2019-2027 (In $ Million)
Table 28: Latin America Gas Engine Market, By Power, 2019-2027 (In $ Million)
Table 29: Latin America Gas Engine Market, By Application, 2019-2027 (In $ Million)
Table 30: Latin America Gas Engine Market, By End-User, 2019-2027 (In $ Million)
Table 31: Middle East And Africa Gas Engine Market, By Country, 2019-2027 (In $ Million)
Table 32: Middle East And Africa Gas Engine Market, By Fuel Type, 2019-2027 (In $ Million)
Table 33: Middle East And Africa Gas Engine Market, By Power, 2019-2027 (In $ Million)
Table 34: Middle East And Africa Gas Engine Market, By Application, 2019-2027 (In $ Million)
Table 35: Middle East And Africa Gas Engine Market, By End-User, 2019-2027 (In $ Million)

List Of Figures
Figure 1: Global Gas Engine Market, By Fuel Type, 2018 & 2027 (In %)
Figure 2: Porter’S Five Force Analysis
Figure 3: Key Buying Impact Analysis
Figure 4: Market Attractiveness Index
Figure 5: Global Gas Engine Market, By Natural Gas, 2019-2027 (In $ Million)
Figure 6: Global Gas Engine Market, By Special Gas, 2019-2027 (In $ Million)
Figure 7: Global Gas Engine Market, By Other Gas, 2019-2027 (In $ Million)
Figure 8: Global Gas Engine Market, By 0.5 Mw-1.0 Mw, 2019-2027 (In $ Million)
Figure 9: Global Gas Engine Market, By 1.0-2.0 Mw, 2019-2027 (In $ Million)
Figure 10: Global Gas Engine Market, By 2.0-5.0 Mw, 2019-2027 (In $ Million)
Figure 11: Global Gas Engine Market, By 5.0 Mw-10.0 Mw, 2019-2027 (In $ Million)
Figure 12: Global Gas Engine Market, By 10.0 Mw-20.0 Mw, 2019-2027 (In $ Million)
Figure 13: Global Gas Engine Market, By Power Generation, 2019-2027 (In $ Million)
Figure 14: Global Gas Engine Market, By Co-Generation, 2019-2027 (In $ Million)
Figure 15: Global Gas Engine Market, By Other Applications 2019-2027 (In $ Million)
Figure 16: Global Gas Engine Market, By Utilities, 2019-2027 (In $ Million)
Figure 17: Global Gas Engine Market, By Manufacturing, 2019-2027 (In $ Million)
Figure 18: Global Gas Engine Market, By Oil & Gas, 2019-2027 (In $ Million)
Figure 19: Global Gas Engine Market, By Transportation, 2019-2027 (In $ Million)
Figure 20: Global Gas Engine Market, By Other End-Users, 2019-2027 (In $ Million)
Figure 21: Global Gas Engine Market, Regional Outlook, 2018 & 2027 (In %)
Figure 22: United States Gas Engine Market, 2019-2027 (In $ Million)
Figure 23: Canada Gas Engine Market, 2019-2027 (In $ Million)
Figure 24: United Kingdom Gas Engine Market, 2019-2027 (In $ Million)
Figure 25: Germany Gas Engine Market, 2019-2027 (In $ Million)
Figure 26: France Gas Engine Market, 2019-2027 (In $ Million)
Figure 27: Spain Gas Engine Market, 2019-2027 (In $ Million)
Figure 28: Italy Gas Engine Market, 2019-2027 (In $ Million)
Figure 29: Russia Gas Engine Market, 2019-2027 (In $ Million)
Figure 30: Rest Of Europe Gas Engine Market, 2019-2027 (In $ Million)
Figure 31: China Gas Engine Market, 2019-2027 (In $ Million)
Figure 32: Japan Gas Engine Market, 2019-2027 (In $ Million)
Figure 33: India Gas Engine Market, 2019-2027 (In $ Million)
Figure 34: South Korea Gas Engine Market, 2019-2027 (In $ Million)
Figure 35: Asean Countries Gas Engine Market, 2019-2027 (In $ Million)
Figure 36: Australia & New Zealand Gas Engine Market, 2019-2027 (In $ Million)
Figure 37: Rest Of Asia-Pacific Gas Engine Market, 2019-2027 (In $ Million)
Figure 38: Brazil Gas Engine Market, 2019-2027 (In $ Million)
Figure 39: Mexico Gas Engine Market, 2019-2027 (In $ Million)
Figure 40: Rest Of Latin America Gas Engine Market, 2019-2027 (In $ Million)
Figure 41: United Arab Emirates Gas Engine Market, 2019-2027 (In $ Million)
Figure 42: Turkey Gas Engine Market, 2019-2027 (In $ Million)
Figure 43: Saudi Arabia Gas Engine Market, 2019-2027 (In $ Million)
Figure 44: South Africa Gas Engine Market, 2019-2027 (In $ Million)
Figure 45: Rest Of Middle East & Africa Gas Engine Market, 2019-2027 (In $ Million)