Gas Engines Market

Gas Engines Market by Fuel Type (Natural Gas, Special Gas), Application (Power Generation, Cogeneration, Mechanical Drive), Power Output (0.5–1 MW, 1–2 MW, 2–5 MW, 5–15 MW, & Above 15 MW), End-User Industry, and Region - Global Forecast to 2027

Report Code: EP 4541 Feb, 2022, by marketsandmarkets.com

[249 Pages Report] The global gas engines market is projected to reach USD 5.8 billion by 2027 from an estimated USD 4.8 billion in 2022, at a CAGR of 4.1% during the forecast period. Rising demand for clean and efficient power generation technology, increase in the use of distributed power generation systems, and stricter emission regulations are the driving factors for the gas engines market.

Gas Engines Market

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COVID-19 Impact on the Global Gas Engines Market

COVID-19 has unleashed a devastating blow to the global economy and the energy sector, disrupting supply chains while choking off demand. The COVID-19 pandemic has not only affected the healthcare sector worldwide but also impacted the global economy. It has had a substantial economic impact on various industrial sectors, such as manufacturing, power generation, renewables, nuclear, and oil & gas.

In December 2021, the world experienced a resurgence of new cases due to a new virus variant. The new variant, called B.1.1.529 or simply ‘Omicron,’ has spread to more than 101 countries, raising fears of lockdowns and tightening restrictions. However, vaccination has prevented the development of serious illness and decreased the need for hospitalization.

Market Trends

Gas Engines Market

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Industrial Air Compressor Market Dynamics

Driver: Rising demand for clean and efficient power generation technology

Global energy consumption has increased significantly in the past decade. This rise can be attributed to the growing economies of Asia Pacific. Natural gas is often a transition fuel to meet energy demands as economies shift to renewables and other clean energy solutions. Furthermore, natural gas accounted for approximately 25% of the world’s total primary energy consumption in 2020 and is projected to increase. Natural gas-fired power plants are cheap and easier to build. Engines using natural gas for combustion burn cleaner, with no soot contamination of the crankcase engine oil. As a result, these power plants emit a negligible amount of carbon monoxide (CO), carbon dioxide (CO2), sulfur oxide (SO), and nitrogen oxide (NO) compared to oil and coal-fired power plants. Natural gas-fired power plants also have better thermodynamic efficiencies. The air quality tends to improve when natural gas is used instead of coal. The demand for all gaseous fuel types, as a result, has swelled.

Cogeneration, trigeneration, and quad generation applications increase the efficiency of gas-fired power plants even more. Cogeneration and trigeneration systems are being used in developed countries like the US, the UK, Germany, and Ireland. The CHP plants’ efficiency ranges from 60% to 80%. Hence, developing nations will also be adopting these systems to achieve operational excellence and reduce carbon footprint soon. Therefore, the increasing demand for clean and efficient power generation technology is expected to boost the gas engines market during the forecast period.

Restraints: Geopolitical instability affecting the supply and pricing of natural gas.

Australia, Russia, Qatar, Norway, and the US are among the largest natural gas exporters globally. The ongoing political tension between Russia and the European Union (EU) over the Ukraine crisis has incited fears of supply disruptions from Russia. The project supplies gas annually to the EU, contributing a large chunk to Russia’s exports. However, the current standoff between Russia and Ukraine has put the project at risk of being sanctioned from the EU. Russia, in retaliation, is starving the EU of natural gas by supplying around 25.0% less natural gas despite a rise in demand.

The EU is thus experiencing an acute gas shortage. The US also threatens to impose sanctions on the Nord Stream 2 pipeline project and the companies involved. The Nord Stream 2 is expected to start operations by June 2022, but geopolitical tensions between the parties involved may further delay it. There are also high political tensions between the CIS and certain European countries with regard to such projects. Such political unrest is expected to impact the economies of certain countries in Europe negatively.

Similarly, the trade war between the US & China and Australia & China is also expected to impact the import of natural gas in China from the US and Australia. The US has imposed taxes on Chinese goods, and China has threatened to impose tariffs on the US oil and gas. Australia’s deteriorating relations with China also threaten to disrupt LNG supply from Australia to China. Such political tension and trade wars directly impact and restrain the growth of the gas engines market.

Opportunities: Inclination towards gas-fired power plants

Coal-fired power plants account for a major share of the world’s total energy generation. Although many countries have planned to restrict its use in power generation, developing APAC economies are still reliant on coal as a primary source of power. Coal power plants have a longer startup time and often supply extra power during peak demand. Gas-fired power plants have the shortest startup time than coal, oil, or nuclear plants.

Nuclear power plants offer a viable alternative to coal-fired power plants, as the fuel required for nuclear power plants is comparatively cheaper and emission-free, but their construction is capital-intensive. The storage of radioactive waste is very expensive and extremely hazardous. There have been nuclear power plant accidents such as the Fukushima Daiichi nuclear disaster (2011) and Chernobyl (1986), whose consequences have severely hindered the growth of nuclear power plants.

Gas-fired power plants are economical and emit lesser carbons than coal-fired power plants. Combustion of coal emits approximately 229 CO2 per million BTU of energy, the highest of all the fossil fuels. Coal-fired power plants’ emissions also cause smog and reduce visibility. Thus, most coal-fired power plants will be replaced by gas-fired power plants. For instance, many utilities in the US are replacing coal-fired power plants with gas-fired power plants. Pledges by countries like China, India, Australia, and others at the Conference of Parties (COP) in November 2021 indicate reductions in coal usage and reliance in these countries. This shift to gas-fired power plants will pose an opportunity for the gas engines market.

Challenges: Infrastructural shortcomings

Developed countries and regions such as the US, the EU, and Russia have had a proper infrastructure for natural gas import and export for a long time. Nearly 80% of the world’s total proven natural gas reserves are in ten countries, including the US, Russia, Qatar, Norway, and Australia. On the other hand, developing and underdeveloped countries do not have adequate gas reserves. Hence, the share of gas in their total energy production is significantly low. They also lack the required infrastructure for importing gas from other countries. Developing countries are also making inroads into CHP; the technology has yet to peak. The lack of proper infrastructure poses a challenge for the growth of the gas engines market.

By Fuel Type, the natural gas segment is expected to make the largest contribution to the gas engines market during the forecast period.

The natural segment held the largest share of the gas engines market in 2021, and a similar trend is likely to continue in the near future. Natural gas is mostly used in gas engines for electricity generation as it burns cleaner and has low carbon emission compared to other types of fuels. It also emits low nitrogen oxide, sulfur dioxide, and particulate matter. Utilities are the largest end users of natural gas-fueled engines. The major applications of natural gas engines include industrial and commercial cogeneration. The US, Russia, the UK, France, Germany, China and Canada are strengthening their natural gas distribution networks, which is expected to create a demand for gas engines. Many gas distribution companies provide natural gas capsules for remote location facilities, where gas distribution networks cannot reach. Declining natural gas prices and improving gas distribution networks are expected to drive the natural gas segment of the gas engines market during the forecast period.

By Power Output, the above 15 MW segment is expected to be the largest segment during 2022-2027.

The largest share of the gas engines market, by power output, was held by the above 15 MW segment in 2021. The above 15 MW segment serves the power utilities and propulsion industries. These engines are pivotal in helping major global economies to create a more sustainable energy system by providing a reliable and relatively cleaner alternative. These engines, when used in island-type configurations can supplement major power plants and help avoid blackouts. Also, these engines are finding increasing utility in the marine industry for propulsion purposes. Stringent maritime regulations, restricting the emission of sulfur and other pollutants, is further propelling the use of above 15 MW gas engines to power the world shipping fleet. All these factors, along with the availability of renewable gas-based fuel sources and improved gas distribution network are expected to fuel the growth of the above 15 MW segment during the forecast period.

The mechanical drive segment held a larger share of the gas engines market in 2021. Gas engines used to directly run mechanical equipment, such as pumps, compressors, blowers, chillers, and other rotating equipment, are referred to as prime movers. These engines are used in the oil & gas and manufacturing sectors. In the oil & gas sector, gas engines mainly drive the compressor during the gas gathering, processing, and transmission, especially in LNG plants. Gas engines can also be used to drive an oil well’s water injection pumps and water irrigation pumps. Gas engines for prime moving applications are designed to handle variable loads compared to lean burn engines used for power generation. The growth of the industrial sector will lead to an increase in the requirement of prime movers which eventually will drive the demand for gas engines during the forecast period.

By End-User Industry, the utilities segment is expected to dominate to the gas engines market during the forecast period.

The largest share of the gas engines market in 2021 was held by the utilities segment. The power produced by utilities can power local facilities or exported to local electricity grids. Utilities deploy gas engines to meet the peak load requirement and provide emergency backup solutions to prevent blackout in case of a malfunction of the main power plant. There is an increasing shift towards gas-fired power plants from coal-fired power plants to reduce the emission of greenhouse gases to comply with government-imposed carbon and emission regulations. The application of cogeneration or combined heat and power (CHP) technology also helps increase the overall efficiency of the power plants. These engines mainly use natural gas, coal gas, biogas, or landfill gas. The increasing demand for power, thus, is expected to create favourable circumstances for the growth of the gas engines market during the forecast period.

Asia Pacific is expected to be the largest market during the forecast period.

North America, Europe, South America, Asia Pacific, and Middle East & Africa are the major regions considered for the study of the gas engines market. The growth of the Asia Pacific market is driven by the increasing demand for efficient and clean power generation technologies, and the replacement of aging power generation infrastructure and conversion of coal-based power plants to gas based ones.

Gas Engines Market  by Region

Key Market Players

The major players in the global industrial air compressor market are Caterpillar (US), Wärtsilä (Finland), Rolls-Royce Holdings (UK), Volkswagen (MAN Energy Solutions) (Germany), Siemens Energy (Germany), INNIO (Austria), Cummins (US), Mitsubishi Heavy Industries, Ltd. (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Ningbo C.S.I Power & Machinery Group Co., Ltd. (China), IHI Power Systems (Japan), JFE Engineering Corporation (Japan), Liebherr (Germany), Hyundai Heavy Industries Co., Ltd. (South Kore), Jinan Lvneng Power Machinery Equipment Co., Ltd. (China), R Schmitt Enertec (Germany), CNPC Jichai Power Complex (China), Fairbanks Morse (US), Googol Engine Tech (US), Baudouin (France), and others.

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Scope of the Report

Report Metric

Details

Market Size available for years

2020–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD)

Segments covered

Fuel Type, Power Output, Application, and End-User Industry

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

Caterpillar (US), Wärtsilä (Finland), Rolls-Royce Holdings (UK), Volkswagen (MAN Energy Solutions) (Germany), Siemens Energy (Germany), INNIO Austria), Cummins (US), Mitsubishi Heavy Industries, Ltd. (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Ningbo C.S.I Power & Machinery Group Co., Ltd. (China), IHI Power Systems (Japan), JFE Engineering Corporation (Japan), Liebherr (Germany), Hyundai Heavy Industries Co., Ltd. (South Kore), Jinan Lvneng Power Machinery Equipment Co., Ltd. (China), R Schmitt Enertec (Germany), CNPC Jichai Power Complex (China), Fairbanks Morse (US), Googol Engine Tech (US), Baudouin (France), and others

This research report categorizes the gas engines market based on fuel type, power output, application, end-user industry, and region.

Based on Fuel Type, the gas engines market has been segmented as follows:

  • Natural Gas
  • Special Gas
  • Others (Coal Gas, Producer Gas, and Propane Gas)

Based on Power Output, the gas engines market has been segmented as follows:

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

Based on Application, the gas engines market has been segmented as follows:

  • Power Generation
  • Mechanical Drive
  • Cogeneration
  • Others (Trigeneration, Quadgeneration, Greenhouse Operations, and Renewable Energy)

Based on End-User Industry, the gas engines market has been segmented as follows:

  • Utilities
  • Marine
  • Oil & Gas
  • Manufacturing
  • Others (Commercial Complexes, Wasterwater Treatment Plants, Hospitals, and Greenhouse Operators)

Based on Region, the gas engines market has been segmented as follows:

  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East & Africa

Recent Developments

  • In December 2021, Rolls-Royce Holdings introduced significantly extended engine running times of up to 96,000 hours between overhauls (TBO) for the latest generation of its MTU Series 4000 engines for commercial marine applications. In general, all marine engines of the latest generation of MTU Series 4000 can now run for up to 25 years before they need a major overhaul, depending on the duration and intensity of use.
  • In November 2021, Wärtsilä signed a contract with Mexico’s state-owned electricity utility, Comision Federal de Electricidad (CFE), with two large multi-fuel power plants having a combined output of 600 MW. The projects comprise a 400 MW facility, the Mexicali Oriente power plant located in Mexico’s Baja California state, and the Parque Industrial plant, a 200 MW-generating unit located in Sonora, Mexico. The Mexicali Oriente plant will operate with 24 Wärtsilä 50DF dual-fuel engines, while the Parque Industrial plant will feature 22 Wärtsilä 34DF dual-fuel engines. The engines will operate primarily on gas with the capability to use liquid fuel as a backup if required.
  • In September 2021, Caterpillar (US) acquired Carbon Point Solutions (US) to concentrate and capture CO2 for utilization. Carbon capture systems using patented processes can be applied to engines and turbines at oil & gas sites, distributed power, and industrial plants and waste to energy sites. This partnership will help reduce greenhouse gas emissions.
  • In September 2021, Wärtsilä (Finland) and Gabon Power Company (GPC), a subsidiary of the Sovereign Fund of the Gabonese Republic (FGIS), signed a Concession Agreement with the Government of Gabon for the development, supply, construction, operation, and maintenance of a 120 MW gas power plant. This project will play an important role in bridging this deficit, and some 600,000 people will ultimately benefit from a more sustainable and economical electricity supply delivered to SEEG.
  • In April 2021, Siemens Energy (Germany) signed an agreement with Spanish EPC contractor TSK to provide the company’s highly efficient energy technology and services to Atinkou (formerly known as Ciprel V), a new combined-cycle gas power plant to be built in Jacqueville, Côte d’Ivoire.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 OBJECTIVES OF THE STUDY
    1.2 DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 GAS ENGINES MARKET, BY FUEL TYPE
           1.3.2 MARKET, BY POWER OUTPUT
           1.3.3 MARKET, BY APPLICATION
           1.3.4 MARKET, BY END-USER INDUSTRY
           1.3.5 MARKET, BY REGION
    1.4 MARKET SCOPE
           1.4.1 GAS ENGINES MARKET SEGMENTATION
           1.4.2 REGIONAL SCOPE
    1.5 YEARS CONSIDERED FOR THE STUDY
    1.6 CURRENCY
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH DATA
           FIGURE 1 GAS ENGINES MARKET: RESEARCH DESIGN
           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 primaries
                               FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                               FIGURE 3 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR GAS ENGINES
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.2.3 DEMAND-SIDE ANALYSIS
                    2.2.3.1 Regional analysis
                    2.2.3.2 Country analysis
                    2.2.3.3 Demand-side assumptions
                    2.2.3.4 Demand-side calculations
           2.2.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING THE SUPPLY OF GAS ENGINES
                    FIGURE 7 GAS ENGINES MARKET: SUPPLY-SIDE ANALYSIS
                    2.2.4.1 Supply-side calculations
                    2.2.4.2 Supply-side assumptions
           2.2.5 FORECAST
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION METHODOLOGY

3 EXECUTIVE SUMMARY (Page No. - 39)
    TABLE 1 GAS ENGINES MARKET SNAPSHOT
    FIGURE 9 NATURAL GAS SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF THE MARKET, BY FUEL TYPE, FROM 2022 TO 2027
    FIGURE 10 ABOVE 15 MW SEGMENT TO LEAD THE MARKET, BY POWER OUTPUT, FROM 2022 TO 2027
    FIGURE 11 MECHANICAL DRIVE TO LEAD THE MARKET, BY APPLICATION, FROM 2022 TO 2027
    FIGURE 12 UTILITIES SEGMENT TO HOLD LARGER SHARE OF MARKET, BY END-USER INDUSTRY, FROM 2022 TO 2027
    FIGURE 13 ASIA PACIFIC DOMINATED THE MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE GAS ENGINES MARKET
           FIGURE 14 NEED TO COMPLY WITH EMISSION REGULATIONS AND ENVIRONMENTAL CONCERNS OF CONVENTIONAL POWER GENERATION ARE EXPECTED TO DRIVE THE MARKET BETWEEN 2022 AND 2027
    4.2 ASIA PACIFIC: MARKET, BY END-USER INDUSTRY AND COUNTRY
           FIGURE 15 MARINE END-USER INDUSTRY AND CHINA HELD THE LARGEST SHARES OF THE MARKET IN ASIA PACIFIC IN 2021
    4.3 GAS ENGINES MARKET, BY FUEL TYPE
           FIGURE 16 NATURAL GAS TO ACCOUNT FOR LARGEST SHARE, BY FUEL TYPE, IN 2027
    4.4 GAS ENGINES MARKET, BY POWER OUTPUT
           FIGURE 17 ABOVE 15 MW SEGMENT TO DOMINATE THE MARKET, BY POWER OUTPUT, IN 2027
    4.5 GAS ENGINES MARKET, BY APPLICATION
           FIGURE 18 MECHANICAL DRIVE SEGMENT TO HOLD LARGEST SHARE OF THE MARKET, BY APPLICATION, IN 2027
    4.6 GAS ENGINES MARKET, BY END-USER INDUSTRY
           FIGURE 19 UTILITIES SEGMENT TO DOMINATE THE MARKET, BY END-USER INDUSTRY, IN 2027
    4.7 MARKET, BY REGION
           FIGURE 20 EUROPEAN MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 21 GLOBAL PROPAGATION OF COVID-19
           FIGURE 22 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES
    5.3 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 23 REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020
    5.4 MARKET DYNAMICS
           FIGURE 24 GAS ENGINES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.4.1 DRIVERS
                    5.4.1.1 Rising demand for clean and efficient power generation technology
                               FIGURE 25 NATURAL GAS CONSUMPTION, 2010–2020
                               TABLE 2 CO2 EMISSION LEVELS (PER MILLION BTU OF ENERGY)
                    5.4.1.2 Increase in the use of distributed power generation systems
                               FIGURE 26 MINIMUM AVERAGE EFFICIENCY OF CHP SYSTEMS, BY POWER SOURCE
                    5.4.1.3 Stricter emission regulations
                               FIGURE 27 GLOBAL CARBON DIOXIDE EMISSIONS, 2015–2020
           5.4.2 RESTRAINTS
                    5.4.2.1 Geopolitical instability affecting the supply and pricing of natural gas
                    5.4.2.2 Price variations across regional markets
                               FIGURE 28 GAS PRODUCTION VS. CONSUMPTION, 2020
           5.4.3 OPPORTUNITIES
                    5.4.3.1 Inclination towards gas-fired power plants
                    5.4.3.2 Adoption of natural gas as a transition fuel
           5.4.4 CHALLENGES
                    5.4.4.1 Infrastructural shortcomings
                    5.4.4.2 Limited natural gas reserves
    5.5 COVID-19 IMPACT
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR GAS ENGINE PROVIDERS
                    FIGURE 29 REVENUE SHIFT FOR GAS ENGINE PROVIDERS
    5.7 MARKET MAP
           FIGURE 30 MARKET MAP: MARKET
           TABLE 3 MARKET: ROLE IN ECOSYSTEM
    5.8 VALUE CHAIN ANALYSIS
           FIGURE 31 VALUE CHAIN ANALYSIS: MARKET
           5.8.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.8.2 COMPONENT MANUFACTURERS
           5.8.3 GAS ENGINE MANUFACTURERS/ASSEMBLERS
           5.8.4 DISTRIBUTORS (BUYERS)/END USERS
           5.8.5 POST-SALES SERVICES
    5.9 TECHNOLOGY ANALYSIS
           5.9.1 IOT-CONNECTED GAS ENGINES
    5.10 AVERAGE SELLING PRICES
           TABLE 4 AVERAGE SELLING PRICES OF GAS ENGINES, 2021
    5.11 TARIFFS, CODES, AND REGULATIONS
           5.11.1 TARIFFS RELATED TO GAS ENGINES
                    TABLE 5 IMPORT TARIFFS FOR HS 841280 ENGINES AND MOTORS NES IN 2019
           5.11.2 CODES AND REGULATIONS RELATED TO GAS ENGINES
                    TABLE 6 GAS ENGINES: CODES AND REGULATIONS
    5.12 INNOVATIONS AND PATENT REGISTRATIONS
                    TABLE 7 GAS ENGINES: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2018–JANUARY 2022
    5.13 PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 32 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
                    TABLE 8 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 THREAT FROM SUBSTITUTES
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT FROM NEW ENTRANTS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 CASE STUDY ANALYSIS
           5.14.1 WÄRTSILÄ’S STATE-OF-THE-ART SMART POWER GENERATION PLANT IN GERMANY BALANCES THE INTERMITTENCY OF RENEWABLE POWER
                    5.14.1.1 Problem statement
                    5.14.1.2 Solution
           5.14.2 WÄRTSILÄ PROVIDES GAS ENGINES FOR A RESERVE CAPACITY POWER PLANT IN KIISA, ESTONIA
                    5.14.2.1 Problem statement
                    5.14.2.2 Solution
           5.14.3 VOLKSWAGEN (MAN ENERGY SOLUTIONS) RETROFITS VERY LARGE GAS CARRIERS (VLGC) WITH DUAL-FUEL PROPULSION ENGINES USING ITS LGIP TECHNOLOGY
                    5.14.3.1 Problem statement
                    5.14.3.2 Solution
           5.14.4 INNIO JENBACHER PROVIDES GAS ENGINES TO CONVERT GREEN HYDROGEN MIX TO POWER IN ARGENTINA
                    5.14.4.1 Problem statement
                    5.14.4.2 Solution

6 GAS ENGINES MARKET, BY FUEL TYPE (Page No. - 82)
    6.1 INTRODUCTION
           FIGURE 33 MARKET, BY FUEL TYPE, 2021
           TABLE 9 MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
    6.2 NATURAL GAS
           6.2.1 GROWING NEED FOR CLEAN BURNING FUELS DRIVES THE GROWTH OF THE NATURAL MARKET
                    TABLE 10 NATURAL GAS: MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.3 SPECIAL GAS
           6.3.1 GOVERNMENT INITIATIVES AND SUBSIDIES ARE EXPECTED TO INCREASE THE DEMAND FOR SPECIAL GAS IN THE MARKET
                    TABLE 11 SPECIAL GAS: MARKET, BY REGION, 2020–2027 (USD MILLION)
    6.4 OTHERS
           TABLE 12 OTHERS: MARKET, BY REGION, 2020–2027 (USD MILLION)

7 GAS ENGINES MARKET, BY POWER OUTPUT (Page No. - 86)
    7.1 INTRODUCTION
           FIGURE 34 MARKET, BY POWER OUTPUT, 2021
           TABLE 13 MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
           TABLE 14 GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
    7.2 0.5–1 MW
           7.2.1 INCREASING NEED FOR STANDBY POWER AND DISTRIBUTED POWER GENERATION FROM SMALL-SCALE FACILITIES TO DRIVE GROWTH IN THE 0.5–1 MW SEGMENT
                    TABLE 15 0.5–1 MW: MARKET VALUE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 16 0.5–1 MW: MARKET VOLUME, BY REGION, 2020–2027 (UNITS)
    7.3 1–2 MW
           7.3.1 GROWTH IN DEMAND FOR CONTINUOUS POWER SUPPLY TO DRIVE THE 1–2 MW SEGMENT OF THE MARKET
                    TABLE 17 1–2 MW: MARKET VALUE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 18 1–2 MW: MARKET VOLUME, BY REGION, 2020–2027 (UNITS)
    7.4 2–5 MW
           7.4.1 LOW EMISSION LEVELS AND HIGH OPERATIONAL EFFICIENCY DRIVE THE DEMAND FOR THE 2–5 MW SEGMENT OF THE MARKET
                    TABLE 19 2–5 MW: MARKET VALUE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 20 2–5 MW: MARKET VOLUME, BY REGION, 2020–2027 (UNITS)
    7.5 5–15 MW
           7.5.1 GROWTH OF COGENERATION POWER PLANTS BOOSTS THE GROWTH OF THE 5–15 MW SEGMENT
                    TABLE 21 5–15 MW: MARKET VALUE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 22 5–15 MW: MARKET VOLUME, BY REGION, 2020–2027 (UNITS)
    7.6 ABOVE 15 MW
           7.6.1 GROWTH IN DEMAND FOR CLEAN AND ECONOMIC POWER SUPPLY DRIVES THE ABOVE 15 MW SEGMENT OF THE MARKET
                    TABLE 23 ABOVE 15 MW: MARKET VALUE, BY REGION, 2020–2027 (USD MILLION)
                    TABLE 24 ABOVE 15 MW: MARKET VOLUME, BY REGION, 2020–2027 (UNITS)

8 GAS ENGINES MARKET, BY APPLICATION (Page No. - 95)
    8.1 INTRODUCTION
                    FIGURE 35 MARKET, BY APPLICATION, 2021
                    TABLE 25 MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    8.2 POWER GENERATION
           8.2.1 INCREASING DEMAND FOR ELECTRICITY AND THE TREND OF DISTRIBUTED POWER GENERATION IN EUROPE TO FUEL GROWTH IN THE POWER GENERATION SEGMENT
                    TABLE 26 POWER GENERATION: MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.3 COGENERATION
           8.3.1 INCREASED EFFICIENCY OF POWER SYSTEMS BY COGENERATION IS DRIVING THE GROWTH OF THE COGENERATION SEGMENT
                    TABLE 27 COGENERATION: MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.4 MECHANICAL DRIVE
           8.4.1 MANUFACTURING AND OIL & GAS OPERATIONS TO PROPEL THE GROWTH OF THE MECHANICAL DRIVE SEGMENT
                    TABLE 28 MECHANICAL DRIVE: MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.5 OTHERS
           TABLE 29 OTHERS: MARKET, BY REGION, 2020–2027 (USD MILLION)

9 GAS ENGINES MARKET, BY END-USER INDUSTRY (Page No. - 101)
    9.1 INTRODUCTION
           FIGURE 36 MARKET, BY END-USER INDUSTRY, 2021
           TABLE 30 MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
    9.2 UTILITIES
           9.2.1 NEED FOR CLEANER AND COST-EFFICIENT POWERING FUELS TO DRIVE THE DEMAND FOR GAS ENGINES IN POWER UTILITIES
                    TABLE 31 UTILITIES: MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.3 MANUFACTURING
           9.3.1 CONTINUOUS AND CLEANER POWER GENERATION REQUIREMENT TO DRIVE THE DEMAND FOR GAS ENGINES IN THE MANUFACTURING SEGMENT OF THE MARKET
                    TABLE 32 MANUFACTURING: MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.4 MARINE
           9.4.1 DEMAND FOR CLEANER ENGINES FOR MARINE PROPULSION AND GENERATING SETS TO DRIVE THE DEMAND FOR GAS ENGINES IN THIS SEGMENT
                    TABLE 33 MARINE: MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.5 OIL & GAS
           9.5.1 AVAILABILITY OF FLARE GAS AND LNG TO DRIVE THE DEMAND FOR GAS ENGINES IN THE OIL & GAS SEGMENT
                    TABLE 34 OIL & GAS: MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.6 OTHERS
           TABLE 35 OTHERS: MARKET, BY REGION, 2020–2027 (USD MILLION)

10 GAS ENGINES MARKET, BY REGION (Page No. - 108)
     10.1 INTRODUCTION
               FIGURE 37 MARKET SHARE, BY REGION, 2021 (%)
               FIGURE 38 MARKET IN EUROPE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 36 MARKET, BY REGION, 2020–2027 (USD MILLION)
     10.2 ASIA PACIFIC
               FIGURE 39 SNAPSHOT: ASIA PACIFIC MARKET
             10.2.1 BY FUEL TYPE
                       TABLE 37 ASIA PACIFIC: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             10.2.2 BY POWER OUTPUT
                       TABLE 38 ASIA PACIFIC: MARKET SIZE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                       TABLE 39 ASIA PACIFIC: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
             10.2.3 BY APPLICATION
                       TABLE 40 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             10.2.4 BY END-USER INDUSTRY
                       TABLE 41 ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
             10.2.5 BY COUNTRY
                       TABLE 42 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.2.5.1 China
                                   10.2.5.1.1 Increasing power demand and focus on becoming a low-carbon economy to drive the gas engines market in China
                                   TABLE 43 CHINA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 44 CHINA: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 45 CHINA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.2.5.2 India
                                   10.2.5.2.1 Rising requirement for efficient power generation technologies to meet increasing demand is expected to drive the market in India
                                   TABLE 46 INDIA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 47 INDIA: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 48 INDIA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.2.5.3 Japan
                                   10.2.5.3.1 Aging power generation infrastructure and its replacement to achieve higher efficiency and reduced emissions are likely to drive the gas engines market in Japan
                                   TABLE 49 JAPAN: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 50 JAPAN: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 51 JAPAN: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.2.5.4 Rest of Asia Pacific
                                   TABLE 52 REST OF ASIA PACIFIC: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 53 REST OF ASIA PACIFIC: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 54 REST OF ASIA PACIFIC: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (USD MILLION)
     10.3 EUROPE
               FIGURE 40 SNAPSHOT: EUROPEAN MARKET
             10.3.1 BY FUEL TYPE
               TABLE 55 EUROPE: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             10.3.2 BY POWER OUTPUT
                       TABLE 56 EUROPE: MARKET SIZE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                       TABLE 57 EUROPE: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
             10.3.3 BY APPLICATION
                       TABLE 58 EUROPE: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             10.3.4 BY END-USER INDUSTRY
                       TABLE 59 EUROPE: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
             10.3.5 BY COUNTRY
                       TABLE 60 EUROPE: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.3.5.1 Germany
                                   10.3.5.1.1 Growth in cogeneration applications to drive the gas engines market in Germany
                                   TABLE 61 GERMANY: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 62 GERMANY: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 63 GERMANY: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.3.5.2 UK
                                   10.3.5.2.1 Need for flexible power generation to drive the gas engines market in the country
                                   TABLE 64 UK: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 65 UK: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 66 UK: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.3.5.3 Russia
                                   10.3.5.3.1 Reduction of emissions along with rising demand for cogeneration power and greenhouses to fuel the gas engines market in Russia
                                   TABLE 67 RUSSIA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 68 RUSSIA: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 69 RUSSIA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.3.5.4 Italy
                                   10.3.5.4.1 Increasing demand for higher overall energy efficiency is expected to drive the gas engines market in Italy
                                   TABLE 70 ITALY: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 71 ITALY: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 72 ITALY: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.3.5.5 France
                                   10.3.5.5.1 Increasing requirement for gas-fired power plants to support the electricity system is expected to drive the gas engines market in France
                                   TABLE 73 FRANCE: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 74 FRANCE: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 75 FRANCE: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.3.5.6 Rest of Europe
                                   TABLE 76 REST OF EUROPE: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 77 REST OF EUROPE: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 78 REST OF EUROPE: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
     10.4 NORTH AMERICA
             10.4.1 BY FUEL TYPE
                       TABLE 79 NORTH AMERICA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             10.4.2 BY POWER OUTPUT
                       TABLE 80 NORTH AMERICA: MARKET SIZE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                       TABLE 81 NORTH AMERICA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
             10.4.3 BY APPLICATION
                       TABLE 82 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             10.4.4 BY END-USER INDUSTRY
                       TABLE 83 NORTH AMERICA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
             10.4.5 BY COUNTRY
                       TABLE 84 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.4.5.1 US
                                   10.4.5.1.1 Government policies supporting cogeneration and replacement of aging coal-fired power plants with gas-fired to drive the gas engines market in the country
                                   TABLE 85 US: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 86 US: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 87 US: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.4.5.2 Canada
                                   10.4.5.2.1 Increasing cogeneration applications and requirement of low-emission power generation to propel the market in the country
                                   TABLE 88 CANADA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 89 CANADA: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 90 CANADA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.4.5.3 Mexico
                                   10.4.5.3.1 Focus on diversifying the energy mix and reducing emissions to drive the gas engines market in Mexico
                                   TABLE 91 MEXICO: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 92 MEXICO: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 93 MEXICO: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
     10.5 SOUTH AMERICA
             10.5.1 BY FUEL TYPE
                       TABLE 94 SOUTH AMERICA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             10.5.2 BY POWER OUTPUT
                       TABLE 95 SOUTH AMERICA: MARKET SIZE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                       TABLE 96 SOUTH AMERICA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
             10.5.3 BY APPLICATION
                       TABLE 97 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             10.5.4 BY END-USER INDUSTRY
                       TABLE 98 SOUTH AMERICA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
             10.5.5 BY COUNTRY
                       TABLE 99 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.5.5.1 Brazil
                                   10.5.5.1.1 Increasing demand for power and mechanical drive from the industrial sector to fuel the demand for gas engines in Brazil
                                   TABLE 100 BRAZIL: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 101 BRAZIL: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 102 BRAZIL: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.5.5.2 Argentina
                                   10.5.5.2.1 Rising power demand from the oil & gas industry and the inclination towards cogeneration is expected to propel the gas engines market in the country
                                   TABLE 103 ARGENTINA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 104 ARGENTINA: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 105 ARGENTINA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.5.5.3 Rest of South America
                                   TABLE 106 REST OF SOUTH AMERICA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 107 REST OF SOUTH AMERICA: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 108 REST OF SOUTH AMERICA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
     10.6 MIDDLE EAST & AFRICA
             10.6.1 BY FUEL TYPE
                       TABLE 109 MIDDLE EAST & AFRICA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
             10.6.2 BY POWER OUTPUT
                       TABLE 110 MIDDLE EAST & AFRICA: MARKET SIZE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                       TABLE 111 MIDDLE EAST & AFRICA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
             10.6.3 BY APPLICATION
                       TABLE 112 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
             10.6.4 BY END-USER INDUSTRY
                       TABLE 113 MIDDLE EAST & AFRICA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
             10.6.5 BY COUNTRY
                       TABLE 114 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                       10.6.5.1 Saudi Arabia
                                   10.6.5.1.1 Emerging trend of efficient power generation from gas and favorable government policies are expected to drive the gas engines market in Saudi Arabia
                                   TABLE 115 SAUDI ARABIA: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 116 SAUDI ARABIA: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 117 SAUDI ARABIA: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.6.5.2 UAE
                                   10.6.5.2.1 Increasing share of clean fuels and renewables in UAE’s electricity generation mix likely to drive the growth of the gas engines market in the UAE
                                   TABLE 118 UAE: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 119 UAE: MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 120 UAE: MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.6.5.3 Egypt
                                   10.6.5.3.1 Increasing gas production and the focus on energy efficiency and diversifying power generation will boost the gas engines market in Egypt
                                   TABLE 121 EGYPT: MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 122 EGYPT: GAS ENGINES MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 123 EGYPT: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.6.5.4 Nigeria
                                   10.6.5.4.1 Increasing oil & gas activities and adoption of gas-based power generation to drive the market for gas engines in Egypt
                                   TABLE 124 NIGERIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 125 NIGERIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 126 NIGERIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)
                       10.6.5.5 Rest of Middle East & Africa
                                   TABLE 127 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)
                                   TABLE 128 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)
                                   TABLE 129 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)

11 COMPETITIVE LANDSCAPE (Page No. - 160)
     11.1 KEY PLAYER STRATEGIES
               TABLE 130 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, JANUARY 2018–DECEMBER 2021
     11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
               TABLE 131 GAS ENGINES MARKET: DEGREE OF COMPETITION
               FIGURE 41 GAS ENGINES MARKET SHARE ANALYSIS, 2021
     11.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
               FIGURE 42 TOP PLAYERS IN GAS ENGINES MARKET FROM 2017 TO 2021
     11.4 COMPANY EVALUATION QUADRANT
             11.4.1 STARS
             11.4.2 PERVASIVE PLAYERS
             11.4.3 EMERGING LEADERS
             11.4.4 PARTICIPANTS
                       FIGURE 43 COMPETITIVE LEADERSHIP MAPPING: GAS ENGINES MARKET, 2021
     11.5 GAS ENGINES MARKET: COMPANY FOOTPRINT
               TABLE 132 BY FUEL TYPE: COMPANY FOOTPRINT
               TABLE 133 BY END-USE INDUSTRY: COMPANY FOOTPRINT
               TABLE 134 BY REGION: COMPANY FOOTPRINT
               TABLE 135 BY COMPANY FOOTPRINT
     11.6 COMPETITIVE SCENARIO
               TABLE 136 GAS ENGINES MARKET: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2021
               TABLE 137 GAS ENGINES MARKET: DEALS, JANUARY 2018–DECEMBER 2021
               TABLE 138 GAS ENGINES MARKET: OTHER DEVELOPMENTS, JANUARY 2018–DECEMBER 2021

12 COMPANY PROFILES (Page No. - 177)
(Business overview, Products offered, Recent developments & MnM View)*
     12.1 KEY PLAYERS
             12.1.1 CATERPILLAR
                       TABLE 139 CATERPILLAR: BUSINESS OVERVIEW
                       FIGURE 44 CATERPILLAR: COMPANY SNAPSHOT (2020)
                       TABLE 140 CATERPILLAR: PRODUCTS OFFERED
                       TABLE 141 CATERPILLAR: PRODUCT LAUNCHES
                       TABLE 142 CATERPILLAR: DEALS
                       TABLE 143 CATERPILLAR: OTHER DEVELOPMENTS
             12.1.2 WÄRTSILÄ
                       TABLE 144 WÄRTSILÄ: BUSINESS OVERVIEW
                       FIGURE 45 WÄRTSILÄ: COMPANY SNAPSHOT (2021)
                       TABLE 145 WÄRTSILÄ: PRODUCTS OFFERED
                       TABLE 146 WÄRTSILÄ: PRODUCT LAUNCHES
                       TABLE 147 WÄRTSILÄ: DEALS
             12.1.3 ROLLS-ROYCE HOLDINGS
                       TABLE 148 ROLLS-ROYCE HOLDINGS: BUSINESS OVERVIEW
                       FIGURE 46 ROLLS-ROYCE HOLDINGS: COMPANY SNAPSHOT (2020)
                       TABLE 149 ROLLS-ROYCE HOLDINGS: PRODUCTS OFFERED
                       TABLE 150 ROLLS-ROYCE HOLDINGS: PRODUCT LAUNCHES
                       TABLE 151 ROLLS-ROYCE HOLDINGS: DEALS
                       TABLE 152 ROLLS-ROYCE HOLDINGS: OTHER DEVELOPMENTS
             12.1.4 CUMMINS
                       TABLE 153 CUMMINS: BUSINESS OVERVIEW
                       FIGURE 47 CUMMINS: COMPANY SNAPSHOT (2020)
                       TABLE 154 CUMMINS: PRODUCTS OFFERED
                       TABLE 155 CUMMINS: PRODUCT LAUNCHES
                       TABLE 156 CUMMINS: DEALS
             12.1.5 VOLKSWAGEN (MAN ENERGY SOLUTIONS)
                       TABLE 157 VOLKSWAGEN (MAN ENERGY SOLUTIONS): BUSINESS OVERVIEW
                       FIGURE 48 VOLKSWAGEN (MAN ENERGY SOLUTIONS): COMPANY SNAPSHOT (2020)
                       TABLE 158 VOLKSWAGEN (MAN ENERGY SOLUTIONS): PRODUCTS OFFERED
                       TABLE 159 VOLKSWAGEN (MAN ENERGY SOLUTIONS): PRODUCT LAUNCHES
                       TABLE 160 VOLKSWAGEN (MAN ENERGY SOLUTIONS): DEALS
                       TABLE 161 VOLKSWAGEN (MAN ENERGY SOLUTIONS): OTHER DEVELOPMENTS
             12.1.6 SIEMENS ENERGY
                       TABLE 162 SIEMENS ENERGY: BUSINESS OVERVIEW
                       FIGURE 49 SIEMENS ENERGY: COMPANY SNAPSHOT (2021)
                       TABLE 163 SIEMENS ENERGY: PRODUCTS OFFERED
                       TABLE 164 SIEMENS ENERGY: DEALS
             12.1.7 MITSUBISHI HEAVY INDUSTRIES, LTD.
                       TABLE 165 MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW
                       FIGURE 50 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020)
                       TABLE 166 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
                       TABLE 167 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES
                       TABLE 168 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS
                       TABLE 169 MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHER DEVELOPMENTS
             12.1.8 INNIO
                       TABLE 170 INNIO: BUSINESS OVERVIEW
                       TABLE 171 INNIO: PRODUCTS OFFERED
                       TABLE 172 INNIO: PRODUCT LAUNCHES
                       TABLE 173 INNIO: DEALS
                       TABLE 174 INNIO: OTHER DEVELOPMENTS
             12.1.9 KAWASAKI HEAVY INDUSTRIES, LTD.
                       TABLE 175 KAWASAKI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW
                       FIGURE 51 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020)
                       TABLE 176 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
                       TABLE 177 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES
                       TABLE 178 KAWASAKI HEAVY INDUSTRIES, LTD.: DEALS
             12.1.10 NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD.
                       TABLE 179 NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD.: BUSINESS OVERVIEW
                       TABLE 180 NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD: PRODUCTS OFFERED
             12.1.11 IHI POWER SYSTEMS
                       TABLE 181 IHI POWER SYSTEMS: BUSINESS OVERVIEW
                       TABLE 182 IHI POWER SYSTEMS: PRODUCTS OFFERED
             12.1.12 JFE ENGINEERING CORPORATION
                       TABLE 183 JFE ENGINEERING CORPORATION: BUSINESS OVERVIEW
                       TABLE 184 JFE ENGINEERING CORPORATION: PRODUCTS OFFERED
             12.1.13 LIEBHERR
                       TABLE 185 LIEBHERR: BUSINESS OVERVIEW
                       FIGURE 52 LIEBHERR: COMPANY SNAPSHOT (2020)
                       TABLE 186 LIEBHERR: PRODUCTS OFFERED
             12.1.14 HYUNDAI HEAVY INDUSTRIES CO., LTD.
                       TABLE 187 HYUNDAI HEAVY INDUSTRIES CO., LTD.: BUSINESS OVERVIEW
                       FIGURE 53 HYUNDAI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020)
                       TABLE 188 HYUNDAI HEAVY INDUSTRIES CO., LTD.: PRODUCTS OFFERED
                       TABLE 189 HYUNDAI HEAVY INDUSTRIES CO., LTD.: PRODUCT LAUNCHES
                       TABLE 190 HYUNDAI HEAVY INDUSTRIES CO., LTD: OTHER DEVELOPMENTS
             12.1.15 JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD
                       TABLE 191 JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD.: BUSINESS OVERVIEW
                       TABLE 192 JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS
             12.2.1 R SCHMITT ENERTEC
             12.2.2 CNPC JICHAI POWER COMPLEX
             12.2.3 FAIRBANKS MORSE
             12.2.4 GOOGOL ENGINE TECH
             12.2.5 BAUDOUIN

13 APPENDIX (Page No. - 241)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the gas engines market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

The research study on the gas engines market involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, US Environmental Protection Agency, and BP Statistical Review of World Energy, to identify and collect information useful for this technical, market-oriented, and commercial study. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

Primary sources included several industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, standard and certification agencies of companies, and organizations related to all the segments of this industry’s value chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Gas Engines Market  Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global gas engines market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Gas Engines Market Size: Bottom-Up Approach

Gas Engines Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the gas engines market by fuel type, power output, application, end-user industry, and region based on market size and volume
  • To forecast the market size for five key regions: North America, South America, Europe, Asia Pacific, and the Middle East & Africa, along with their key countries
  • To provide detailed information about the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions of each segment to the overall market size
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as sales contracts, agreements, investments, expansions, new product launches, alliances, mergers, partnerships, joint ventures, collaborations, and acquisitions, in the gas engines market

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:

Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Report Code
EP 4541
Published ON
Feb, 2022
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