HOME Top Market Reports Gas Engines Market by Fuel (Natural Gas and Special Gas), Application (Power and Co-generation), End User (Utilities, Oil & Gas and Manufacturing), Power (0.5-1MW, 1 -2MW, 2-5MW, 5-10MW, and 10-20MW) & By Region - Global Forecast to 2021

Gas Engines Market by Fuel (Natural Gas and Special Gas), Application (Power and Co-generation), End User (Utilities, Oil & Gas and Manufacturing), Power (0.5-1MW, 1 -2MW, 2-5MW, 5-10MW, and 10-20MW) & By Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: EP 4541

 

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The global gas engines market was valued at USD 3.03 Billion in 2015, and is expected to grow at a CAGR of 6.9% from 2016 to 2021. The increasing demand for electricity, drop in natural gas prices, and growing environmental concerns are major factors driving the gas engines market. The years considered for the study are as follows:

  • Historical Year – 2014
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global gas engines market by fuel type, electrical output, application, end-user, and region
  • To provide detailed information regarding major factors influencing the growth of the gas engines market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues related to the market)
  • To strategically analyze the gas engines market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the gas engines market

Research Methodology

This research study has involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global gas engines market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players providing gas engines
  • Analysis of major applications of and demand for gas engines from end-user industries
  • Assessment of future trends and industrial growth of end-user industries
  • Analysis of country-wise electricity production and consumption pattern, electrification rate, natural gas production and consumption pattern, natural gas reserves, reserve to production ratio, industrial growth, and gas infrastructure for the past 3 years
  • Analysis of major policies/regulations for reducing carbon dioxide emissions and emission standards for stationary power plants
  • Study of market trends in various regions/countries supported by ongoing gas-fired power plant infrastructure spending in respective regions/countries
  • Study of contracts and developments related to gas engines for key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing gas engines across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

Gas Engines Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global gas engines market starts with the manufacture of basic components, such as crankcases, crank drives, valves, flywheels, starting systems, and pistons. The manufactured parts are then assembled by the OEM (General Electric Company, Warstila Corporation, Caterpillar Inc., and so on) to form a gas engine, which is then tested. This stage is followed by the distribution stage, following which the product is provided to end-users.

Gas Engine Ecosystem

Gas Engines Market

Target Audience:

The report’s Target Audience includes:

  • Gas engine manufacturers, dealers, and suppliers
  • Government and research organizations
  • Investors/shareholders
  • Environmental research institutes
  • Public and private operators of natural gas-fired power plants
  • State and national regulatory authorities
  • Petroleum companies (diesel and natural gas suppliers)
  • Oil companies

Scope of the Report:

  • By Fuel Type
    • Natural Gas
    • Special Gas
    • Others
  • By Application
    • Electricity Generation
    • Co-generation
    • Others
  • By Electrical Output
    • 0.5 MW–1.0MW
    • 1.0 MW–2.0 MW
    • 2.0 MW–5.0 MW
    • 5.0 MW–10.0 MW
    • 10.0 MW–20.0 MW
  • By End-User
    • Utilities
    • Oil & Gas
    • Manufacturing
    • Others
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Package Size
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 30)
    3.1 Introduction
    3.2 Historical Backdrop, Evolution, & Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 36)
    4.1 By Fuel Type
    4.2 By Power
    4.3 By End-User
    4.4 Europe Gas Engines Market, 2016
    4.5 Germany, and Uk Expected to Grow at the Highest CAGR From 2016 to 2021

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Gas Engines Market Segmentation
           5.2.1 By Fuel Type
           5.2.2 By Power
           5.2.3 By Application
           5.2.4 By End-User
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Drop in Natural Gas Prices
                    5.3.1.2 Clean and Efficient Power Generation Technology
                    5.3.1.3 Rising Environmental Concerns
           5.3.2 Restraints
                    5.3.2.1 Price Disparity Across Regional Market
                    5.3.2.2 Supply Security & Infrastructure Concerns
           5.3.3 Opportunities
                    5.3.3.1 Shifting Toward Gas-Fired Power Plants
                    5.3.3.2 Growing Trend of Distributed Power Generation
           5.3.4 Challenges
                    5.3.4.1 Limited Natural Gas Reserves
    5.4 Gas Engines Market: Supply Chain Analysis
           5.4.1 Key Influencers
    5.5 Porter’s Five Forces Analysis
           5.5.1 Threat of New Entrants
           5.5.2 Threat of Substitutes
           5.5.3 Bargaining Power of Suppliers
           5.5.4 Bargaining Power of Buyers
           5.5.5 Intensity of Competitive Rivalry

6 Gas Engines Market, By Fuel Type (Page No. - 58)
    6.1 Introduction
    6.2 Natural Gas 
    6.3 Special Gas
    6.4 Others

7 Gas Engines Market, By Application (Page No. - 63)
    7.1 Introduction
    7.2 Power Generation
    7.3 Co-Generation
    7.4 Others

8 Gas Engines Market, By End-User (Page No. - 68)
    8.1 Introduction
    8.2 Utilities
    8.3 Manufacturing
    8.4 Oil & Gas
    8.4 Others

9 Gas Engines Market, By Power (Page No. - 73)
    9.1 Introduction
    9.2 0.5 MW-1.0 MW
    9.3 1.0-2.0 MW
    9.4 2.0-5.0 MW
    9.5 5.0 MW-10.0 MW
    9.6 10.0 MW-20.0 MW

11 Gas Engines Market, By Region (Page No. - 82)
     11.1 Introduction
     11.2 Europe
             11.2.1 By Fuel Type
             11.2.2 By End-User
             11.2.3 By Power
             11.2.4 By Application
             11.2.5 By Country
                        11.2.5.1 U.K.
                        11.2.5.2 Germany
                        11.2.5.4 Italy
                        11.2.5.5 Russia
                        11.2.5.6 Rest of Europe
     11.3 North America
             11.3.1 By Fuel Type
             11.3.2 By End-User
             11.3.3 By Power
             11.3.4 By Application
             11.3.5 By Country
                        11.3.5.1 U.S.
                        11.3.5.2 Canada
                        11.3.5.3 Rest of North America
     11.4 Asia-Pacific
             11.4.1 By Fuel Type
             11.4.2 By End-User
             11.4.3 By Power
             11.4.4 By Application
             11.4.5 By Country
                        11.4.5.1 China
                        11.4.5.2 India
                        11.4.5.3 Japan
                        11.4.5.5 Rest of Asia-Pacific
     11.5 Middle East & Africa
             11.5.1 By Fuel Type
             11.5.2 By End-User
             11.5.3 By Power
             11.5.4 By Application
             11.5.5 By Country
                        11.5.5.1 Saudi Arabia
                        11.5.5.2 UAE
                        11.5.5.3 Egypt
                        11.5.5.4 Algeria
                        11.5.5.6 Rest of the Middle East & Africa
     11.6 South America
             11.6.1 By Fuel Type
             11.6.2 By End-User
             11.6.3 By Power
             11.6.4 By Application
             11.6.5 By Country
                        11.6.5.1 Brazil
                        11.6.5.2 Argentina
                        11.6.5.3 Venezuela
                        11.6.5.4 Rest of South America

12 Competitive Landscape (Page No. - 124)
     12.1 Overview
     12.2 Competitive Situation & Trends
     12.3 Contracts & Agreements
     12.4 Expansion
     12.5 New Product Development
     12.6 Mergers & Acquisitions

13 Company Profiles (Page No. - 132)
     13.1 Introduction
     13.2 General Electric Company
             13.2.1 Business Overview
             13.2.2 Products Offered
             13.2.3 Developments, 2013–2016
             13.2.4 SWOT Analysis
             13.2.5 MnM View
     13.3 Caterpillar Inc.
             13.3.1 Business Overview
             13.3.2 Products Offered
             13.3.3 Developments, 2013–2016
             13.3.4 SWOT Analysis
             13.3.5 MnM View
     13.4 Wartsila Corporation
             13.4.1 Business Overview
             13.4.2 Products Offered
             13.4.3 Developments, 2013–2016
             13.4.4 SWOT Analysis
             13.4.5 MnM View
     13.5 Rolls-Royce Holdings PLC
             13.5.1 Business Overview
             13.5.2 Products Offered
             13.5.3 Developments, 2013–2016
             13.5.4 SWOT Analysis
             13.5.5 MnM View
     13.6 Cummins Inc.
             13.6.1 Business Overview
             13.6.2 Products Offered
             13.6.3 Developments, 2013–2016
             13.6.4 SWOT Analysis
             13.6.5 MnM View
     13.7 Siemens AG
             13.7.1 Business Overview
             13.7.2 Products Offered
             13.7.3 Developments, 2015–2016
     13.8 Man SE
             13.8.1 Business Overview
             13.8.2 Products Offered
             13.8.3 Developments, 2015–2016
     13.9 Mitsubishi Heavy Industries, Ltd.
             13.9.1 Business Overview
             13.9.2 Products Offered
             13.9.3 Developments, 2013–2016
     13.10 Kawasaki Heavy Industries, Ltd.
             13.10.1 Business Overview
             13.10.2 Products Offered
             13.10.3 Developments, 2013–2016
     13.11 Yanmar Co., Ltd.
             13.11.1 Business Overview
             13.11.2 Products Offered
             13.11.3 Developments, 2014–2016
     13.12 Deutz AG
             13.12.1 Business Overview
             13.12.2 Products Offered
             13.12.3 Developments, 2014–2015
     13.13 Doosan Infracore
             13.13.1 Business Overview
             13.13.2 Products Offered
             13.13.3 Developments, 2014

14 Appendix (Page No. - 176)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (74 Tables)

Table 1 Pounds of Air Pollutant Produced Per Billion Btu of Energy
Table 2 Emission Targets in Key Countries By 2020
Table 3 U.S.: Coal-Fired Electric Generator Retirement Announcements Since November, 2013
Table 4 Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 5 Natural Gas: Gas Engines Market Size, By Region, 2014–2021 (USD Million)
Table 6 Special Gas: Gas Engines Market Size, By Region, 2014–2021 (USD Million)
Table 7 Others: Gas Engines Market Size, By Region, 2014–2021 (USD Million)
Table 8 Gas Engines Market Size, By Application, 2014–2021 (USD Million)
Table 9 Electriciy Generation: Gas Engine Market Size, By Region, 2014–2021 (USD Million)
Table 10 Co-Generation : Gas Engine Market Size, By Region, 2014–2021 (USD Million)
Table 11 Others : Gas Engine Market Size, By Region, 2014–2021 (USD Million)
Table 12 Gas Engines Market Size, By End-User, 2014–2021 (USD Million)
Table 13 Utilities: Gas Engines Market Size, By Region, 2014–2021 (USD Million )
Table 14 Manufacturing: Gas Engines Market Size, By Region, 2014–2021 (USD Million )
Table 15 Oil & Gas: Gas Engines Market Size, By Region, 2014–2021 (USD Million )
Table 16 Others: Gas Engines Market Size, By Region, 2014–2021 (USD Million )
Table 17 Gas Engines Market Size, By Power, 2014–2021 (USD Million)
Table 18 0.5 MW-1.0 MW: Gas Engines Market Size, By Region, 2014–2021 (USD Million)
Table 19 1.0 MW-2.0 MW: Gas Engines Market Size, By Region, 2014–2021 (USD Million)
Table 20 2.0 MW-5.0 MW: Gas Engines Market Size, By Region, 2014–2021 (USD Million)
Table 21 5.0 MW-10.0 MW: Gas Engines Market Size, By Region, 2014–2021 (USD Million)
Table 22 10.0 MW-20.0 MW: Gas Engines Market Size, By Region, 2014–2021 (USD Million)
Table 23 Gas Engines Market Size, 2014–2021 (USD Million)
Table 24 Europe: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 25 Europe: By Market Size, By End-User, 2014–2021 (USD Million)
Table 26 Europe: By Market Size, By Power, 2014–2021 (USD Million)
Table 27 Europe: By Market Size, By Application , 2014–2021 (USD Million)
Table 28 Europe: By Market Size, By Country 2014–2021 (USD Million)
Table 29 U.K. Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 30 Germany: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 31 Italy: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 32 Russia: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 33 Turkey: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 34 Rest of Europe: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 35 North America: Gas Engines Market Size, By Fuel Type 2014–2021 (USD  Million)
Table 36 North America: Gas Engines Market Size, By End-User, 2014–2021 (USD Million)
Table 37 North America: Gas Engines Market Size, By Power, 2014–2021 (USD Million)
Table 38 North America: Gas Engines Market Size, By Application, 2014–2021 (USD Million)
Table 39 North America: Gas Engines Market Size, By Country 2014–2021 (USD  Million)
Table 40 U.S.: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 41 Canada: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 42 Rest of North America: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 43 Asia-Pacific: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 44 Asia-Pacific:  By Market Size, By End-User, 2014–2021 (USD Million)
Table 45 Asia-Pacific:  By Market Size, By Power, 2014–2021 (USD Million)
Table 46 Asia-Pacific:  By Market Size, By Application, 2014–2021 (USD Million)
Table 47 Asia-Pacific:  By Market Size, By Country 2014–2021 (USD Million)
Table 48 China: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 49 India: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 50 Japan: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 51 Rest of Asia:-Pacific Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 52 Middle East & Africa: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 53 Middle East & Africa:  By Market Size, By End-User, 2014–2021 (USD Million)
Table 54 Middle East & Africa:  By Market Size, By Power, 2014–2021 (USD Million)
Table 55 Middle East & Africa:  By Market Size, By Application, 2014–2021 (USD Million)
Table 56 Middle East & Africa:  By Market Size, By Country 2014–2021 (USD Million)
Table 57 Saudi Arabia: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 58 UAE: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 59 Egypt: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 60 Algeria: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 61 Rest of the Middle East & Africa: Gas Engines Market Size, By Voltage, 2014–2021 (USD Million)
Table 62 South America: Gas Engines Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 63 South America: By Market Size, By End-User, 2014–2021 (USD Million)
Table 64 South America: By Market Size, By Power, 2014–2021 (USD Million)
Table 65 South America: By Market Size, By Application, 2014–2021 (USD Million)
Table 66 South America: By Market Size, By Country 2014–2021 (USD Million)
Table 67 Brazil: By Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 68 Argentina: By Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 69 Venezuela: By Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 70 Rest of South America: By Market Size, By Fuel Type, 2014–2021 (USD Million)
Table 71 Contracts & Agreements, 2012-2016
Table 72 Expansions, 2012–2016
Table 73 New Product Developments, 2012–2016
Table 74 Mergers & Acquisitions, 2012-2016


List of Figures (54 Figures)

Figure 1 Gas Engine Market Segmentation
Figure 2 Gas Engines Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Data Triangulation Methodology
Figure 7 Europe Accounted for the Largest Share in the Gas Engines Market in 2015
Figure 8 The Utility Segment is Expected to Dominate the Gas Engines Market,  By End–User, During the Forecast Period
Figure 9 The Co-Generation Application Market is Expected to Witness the Highest Demand During the Forecast Period
Figure 10 Europe Projected to Dominate the Gas Engines Market During the Forecast Period
Figure 11 Gas Engines With Power Output of 1.001 MW-2.0 MW is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 12 Top Market Developments (2012–2016)
Figure 13 Gas Engines Market Growth Opportunities, 2016–2021
Figure 14 The Utility Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Co-Generation Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Natural Gas Segment to Constitute the Largest Market for Gas Engines From 2016 to 2021
Figure 17 Germany Expected to Be the Largest Market in Europe During the Forecast Period
Figure 18 Gas Engines Market Regional Hotspots: 2016 to 2021
Figure 19 Market Dynamics: Gas Engines Market
Figure 20 Natural Gas Production (Billion Cubic Meter), 2007–2015
Figure 21 Shale Production in the U.S. (Billion Cubic Feet), 2007–2014
Figure 22 Natural Gas Price Trend, 2011–2015
Figure 23 Reserve to Production Ratio (In Terms of Number of Years) for Natural Gas, 2015
Figure 24 Porter’s Five Forces Analysis: Gas Engines Market
Figure 25 Natural Gas Segment Expected to Dominate the Market From 2016 to 2021
Figure 26 Electricity Generation Segment Expected to Dominate the Market From 2016 to 2021
Figure 27 Utility Segment is Expected to Be the Largest Market for Mgas Engines During the Forecast Period
Figure 28 1.001 MW-2.0 MW Gas Engines are Expected to Dominate the Market During the Forecast Period
Figure 29 Gas Engines Market Share (By Value), By Region, 2016–2021
Figure 30 Regional Snapshot: Growth Rate of Gas Engines Market in Important Countries, 2016–2021
Figure 31 Regional Snapshot: Europe Offered Attractive Market Opportunities in 2015
Figure 32 Regional Snapshot: North America Was the Second Largest Market in 2015
Figure 33 Companies Adopted Contracts & Agreements as the Key Growth Strategy, 2012–2016
Figure 34 Market Leaders Based on Developments, 2012–2016
Figure 35 Market Evaluation Framework, 2012–2016
Figure 36 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2012–2016
Figure 37 Regional Revenue Mix of Top 5 Market Players
Figure 38 General Electric Company: Company Snapshot
Figure 39 General Electric Company: SWOT Analysis
Figure 40 Caterpillar Inc.: Company Snapshot
Figure 41 Caterpillar Inc.: SWOT Analysis
Figure 42 Wartsila Corporation: Company Snapshot
Figure 43 Wartsila Corporation: SWOT Analysis
Figure 44 Rolls-Royce Holdings PLC: Company Snapshot
Figure 45 Rolls-Royce Holdings PLC: SWOT Analysis
Figure 46 Cummins Inc.: Company Snapshot
Figure 47 Cummins Inc.: SWOT Analysis
Figure 48 Siemens AG: Company Snapshot
Figure 49 Man SE: Company Snapshot
Figure 50 Mitsubishi Heavy Industries, Ltd.: Company Snapshot
Figure 51 Kawasaki Heavy Industries, Ltd.: Company Snapshot
Figure 52 Yanmar Co., Ltd.: Company Snapshot
Figure 53 Deutz AG: Company Snapshot
Figure 54 Doosan Infracore: Company Snapshot

The global gas engines market is projected to grow at a CAGR of 6.9% from 2016 to 2021, to reach a market size of USD 4.54 Billion by 2021. This growth is attributed to the drop in natural gas prices and growing environmental concerns across the globe.

The report segments the gas engines market on the basis of end-user industry into utilities, oil & gas, manufacturing, and others. Others include commercial complex, hospitals, wastewater treatment plants and the greenhouse industry. The utilities segment is projected to lead the market in terms of growth rate during the forecast period. Based on fuel type, the gas engine market is categorized into natural gas, special gas, and others

In terms of application, the co-generation application is estimated to constitute the fastest growing segment in the market. Gas engine-fired power plants operating in co-generation mode are highly efficient, and are therefore expected to register the highest growth rate from 2016 to 2021. The electricity generation segment held the largest market share in 2015. This application is expected to dominate the market during the forecast period.

In this report, the gas engines market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Europe is expected to dominate the global gas engines market during the forecast period, owing to its stringent emission regulations, low fuel cost, and growing environmental concerns.

Gas Engines Market

The demand for gas engines is directly dependent on the development of gas-fired power plants. However, the production and supply of most of the world’s natural gas is concentrated in a few countries, and this has resulted in price disparity for importers. Moreover, geo-political tensions and pipelines and related infrastructural issues lead to supply disruptions. Factors such as price disparity in the international trade of natural gas and ongoing concerns regarding stable natural gas supply are hindering the growth of the gas engines market.

Some of the leading players in the gas engines market include General Electric Company (U.S.), Wartsila Corporation (Finland), Caterpillar Inc. (U.S.), Rolls-Royce Holdings plc (U.K.), MAN SE (Germany), Cummins Inc. (U.S.), Deutz AG (Germany), Doosan Infracore (South Korea), and Kawasaki Heavy Industries, Ltd. (Japan). Contracts & agreements was the strategy most commonly adopted by the top players in the market, constituting more than two-thirds of the total development share from 2012 to 2016. It was followed by expansions, new product development, and mergers & acquisitions.

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