Gas Engines Market

Gas Engines Market by Fuel Type (Natural Gas, Special Gas) Application (Power Generation, Cogeneration, Mechanical Drive) End-User (Utilities, Manufacturing, Oil & Gas) Power Output (0.5–1MW, 1–2MW, 2–5MW, 5–10 MW, 10–20MW), Region – Global Forecast to 2024

Report Code: EP 4541 Dec, 2019, by marketsandmarkets.com

[179 pages report] The global gas engines market size is projected to reach USD 5.3 billion by 2024, from an estimated USD 4.0 billion in 2019, growing at a CAGR of 5.7% during the forecast period. Increasing demand for clean and efficient power generation technology and the implementation of stricter emission regulations are driving the gas engines industry growth.

Gas Engine 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 gas segment led the gas engine market in 2018 and is used in base load power generation and CHP (combined heat and power) applications. Gas engines with a power output of 5.0 MW to 20.0 MW mostly use natural gas as a fuel.

Utilities are the largest end-users of natural gas-fueled engines. The major CHP applications of natural gas engines include industrial and commercial cogeneration. Declining natural gas prices and improving gas distribution networks are expected to drive the natural gas-fueled gas engines, during the forecast period.

By application, the cogeneration segment is expected to grow at the fastest rate during the forecast period.

The cogeneration application segment is expected to grow at a higher CAGR during the forecast period. In cogeneration applications, gas engines produce power along with energy for space heating and water heating. It is an efficient method of power generation using gas engines and enables energy savings of up to 60%.

Cogeneration is used mainly in steel mills, chemical & food processing plants, paper & pulp mills, and district heating plants. Apart from industrial end-users, public buildings, such as schools, colleges, administrative buildings, and hospitals, also utilize gas engine-based power plants for producing electricity and heat. The growth of cogeneration application is attributed mainly to the increasing installed capacity of gas-fueled CHP power plants in cold climate countries.

Gas Engine Market

Europe is expected to be the largest market during the forecast period.

North America, Europe, South America, Asia Pacific, and the Middle East & Africa are the major regions considered for the study of the gas engines industry. Europe accounted for majority of the gas engines market share in 2018 and is estimated to grow at the highest rate during the forecast period.

Majority of the countries in the European continent are cold climate countries, which require heat for household and commercial spaces, thus, resulting in huge demand for cogeneration application.  Europe is the leader in biogas production, which is further creating the need for the special gas-based engines. Due to stringent environmental norms and low natural gas prices, Europe is expected to dominate the global market during the forecast period.

Key Market Players

The major players in the global gas engines market are Caterpillar (US), Wδrtsilδ Corporation (Finland), Rolls-Royce Holdings plc (UK), Cummins (US), and Man SE (Germany).  

Scope of the report

Report Metric

Details

Market Size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

fuel type, power output, application, end-user, and region

Geographies covered

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

Companies covered

INNIO (Austria), Caterpillar (US), Wδrtsilδ Corporation (Finland), Rolls-Royce Holdings plc (UK), Cummins (US), Siemens (Germany), Man SE (Germany), Mitsubishi Heavy Industries (Japan), Kawasaki Heavy Industries (Japan), Ningbo C.S.I Power & Machinery Group (China), IHI Power Systems (Japan), JFE Engineering Corporation (Japan), Liebherr (UK), Hyundai Heavy Industries (South Korea), JiNan Lvneng Power Machinery Equipment Co., Ltd. (China), R Schmitt Enertec (Germany), CNPC Jichai Power Complex (China), Fairbanks Morse (US), and Googol Power (US)

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

Based on fuel type:

  • Natural Gas
  • Special Gas
  • Others (producer gas, coal gas, and propane gas)

Based on the power output:

  • 0.5–1 MW
  • 1–2 MW
  • 2–5 MW
  • 5–10 MW
  •  10–20 MW

Based on the application:

  • Power Generation
  • Cogeneration
  • Mechanical Drive
  • Others (trigeneration, quadgeneration, greenhouse operations, and renewable energy)

Based on the end-user:

  • Utilities
  • Oil & Gas
  • Manufacturing
  • Others (commercial complex, hospitals, and greenhouse operators)

Based on the region:

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

Recent Developments

  • In November 2019, Rolls-Royce entered into a contract with 2G Energy. The contract covers the mutual supply of gas-powered gensets. Rolls-Royce will supply 2G with MTU gas-powered generator sets based on Series 4000 engines delivering 776–2,535 kW. 2G will use these generator sets in its CHP modules for on-site generation of electrical power and heat.
  • In November 2019, Man SE entered into a contract with RCMC to provide 6 MAN 18V32/40 CD engines, with a total capacity of 53 MW. It will supply power to the RCMC manufacturing site and other nearby industrial plants.
  • In October 2019, Caterpillar launched the first natural gas-powered generator set—Cat G3516C. It is optimized to run on Lean Coal Mine Methane (LCMM) for local mining applications. It will provide significant benefits to Caterpillar’s local customers to enhance product support and optimize cost efficiencies.

Key Questions Addressed by the Report

  • The report identifies and addresses the key segments of the gas engines market, which will help manufacturers and service providers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights regarding the drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and make more pivotal strategic decisions.
  • The report addresses the market share analysis of key players in the gas engines industry, and with the help of this, companies can enhance their revenues in the respective markets.
  • The report provides insights about emerging geographies for gas engines, and hence, the entire market ecosystem can gain a competitive advantage.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Definition
           1.2.1 Gas Engines, By Service: Inclusions vs. Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 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
                    2.1.1.1 Key Data From Primary Sources
                    2.1.1.2 Breakdown of Primaries
    2.2 Scope
           2.2.1 Scope of the Gas Engines Market
    2.3 Market Size Estimation
           2.3.1 Ideal Demand-Side Analysis
                    2.3.1.1 Assumptions
                    2.3.1.2 Calculation
           2.3.2 Supply-Side Analysis
                    2.3.2.1 Assumptions
                    2.3.2.2 Calculation
           2.3.3 Forecast
    2.4 Market Breakdown and Data Triangulation
    2.5 Primary Insights

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the Gas Engines Market
    4.2 Gas Engines Market, By Fuel Type
    4.3 Gas Engines Market, By Power Output
    4.4 Gas Engines Market, By Region
    4.5 European Gas Engines Market, By Application & Country
    4.6 Gas Engines Market, By Application
    4.7 Gas Engines Market, By End-User

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Clean and Efficient Power Generation Technology
                    5.2.1.2 Implementation of Stricter Emission Regulations
           5.2.2 Restraints
                    5.2.2.1 Price Disparity Across Regional Markets
                    5.2.2.2 Political Tensions Affecting the Supply of Natural Gas
           5.2.3 Opportunities
                    5.2.3.1 Shift Toward Gas-Fired Power Plants
                    5.2.3.2 Growing Trend of Distributed Power Generation
           5.2.4 Challenges
                    5.2.4.1 Limited Natural Gas Reserves
                    5.2.4.2 Infrastructural Concerns
    5.3 Effect of Renewable Energy Mix: Gas Engines

6 Gas Engines Market, By Fuel Type (Page No. - 45)
    6.1 Introduction
    6.2 Natural Gas
           6.2.1 Increasing Need for Clean Burning Fuel Drives the Growth of the Natural Gas Engines Industry
    6.3 Special Gas
           6.3.1 Government Initiatives and Subsidies are Expected to Increase the Demand for Special Gas in the Gas Engines Industry
    6.4 Others

7 Gas Engines Market, By Power Output (Page No. - 49)
    7.1 Introduction
    7.2 0.5–1 MW
           7.2.1 Increasing Need for Standby Power From Small-Scale Facilities is Expected to Drive the Growth of the 0.5–1 MW Segment
    7.3 1–2 MW
           7.3.1 Rising Demand for Continuous Power Supply is Expected to Drive the 1–2 MW Segment
    7.4 2–5 MW
           7.4.1 High Operational Efficiency and Low Emission Level Boost the Demand for the 2–5 MW Segment
    7.5 5–10 MW
           7.5.1 Shift Toward Cogeneration Plants Boosts the Growth of the 5–10 MW Segment
    7.6 10–20 MW
           7.6.1 Increasing Demand for Clean and Economic Power Supply Drives the Growth of the 10–20 MW Segment

8 Gas Engines Market, By Application (Page No. - 55)
    8.1 Introduction
    8.2 Power Generation
           8.2.1 Increasing Trend of Distributed Power Generation in Europe is Driving the Power Generation Segment
    8.3 Cogeneration
           8.3.1 High Efficiency of Cogeneration Power Plants is Driving the Gas Engines Industry in Europe
    8.4 Mechanical Drive
           8.4.1 Increasing Oil & Gas Operations is Driving the Mechanical Drive Segment
    8.5 Others

9 Gas Engines Market, By End-User (Page No. - 60)
    9.1 Introduction
    9.2 Utilities
           9.2.1 Rising Focus of Utilities on Cost-Efficient and Cleaner Powering Fuels is Likely to Create Demand for Gas Engines From Power Utilities
    9.3 Manufacturing
           9.3.1 Stable and Eco-Friendly Power Generation Needs Drive the Demand for Gas Engines in the Manufacturing Segment
    9.4 Oil & Gas
           9.4.1 Capability to Operate in Extreme Weather Conditions Drives the Demand for Gas Engines in the Oil & Gas Segment
    9.5 Others

10 Gas Engines Market, By Region (Page No. - 65)
     10.1 Introduction
     10.2 Europe
             10.2.1 By Fuel Type
             10.2.2 By Power Output
             10.2.3 By Application
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 Germany
                                     10.2.5.1.1 Increasing Cogeneration Applications are Likely to Drive the German Gas Engines Industry
                        10.2.5.2 UK
                                     10.2.5.2.1 Increasing Need for Flexible Power Generation is Expected to Drive the Gas Engines Industry in the Country
                        10.2.5.3 Russia
                                     10.2.5.3.1 Focus on Reducing Carbon Emissions Along With the Rising Demand for Cogeneration Power is Likely to Drive the Russian Gas Engines Industry
                        10.2.5.4 Italy
                                     10.2.5.4.1 Rising Demand for Higher Overall Energy Efficiency is Likely to Drive the Gas Engines Industry
                        10.2.5.5 Turkey
                                     10.2.5.5.1 Investments for Increasing Energy Efficiency are Likely to Drive the Turkish Gas Engines Industry
                        10.2.5.6 Rest of Europe
     10.3 North America
             10.3.1 By Fuel Type
             10.3.2 By Power Output
             10.3.3 By Application
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 US
                                     10.3.5.1.1 Replacement of Aging Coal-Fired Power Plants With Natural Gas Drives the Gas Engines Industry in the US
                        10.3.5.2 Mexico
                                     10.3.5.2.1 Increasing Focus to Diversify the Energy Mix is Likely to Drive the Gas Engines Industry in Mexico
                        10.3.5.3 Canada
                                     10.3.5.3.1 Increasing Cogeneration Applications Drive the Canadian Gas Engines Industry
     10.4 Asia Pacific
             10.4.1 By Fuel Type
             10.4.2 By Power Output
             10.4.3 By Application
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 China
                                     10.4.5.1.1 Focus on Becoming A Low-Carbon Economy Drives the Growth of the Chinese Gas Engines Industry
                        10.4.5.2 Japan
                                     10.4.5.2.1 Replacement of Aged Power Generation Infrastructure is Likely to Drive the Gas Engines Industry in Japan
                        10.4.5.3 India
                                     10.4.5.3.1 Rising Need for Efficient Power Generation Technologies Drives the Gas Engines Industry in India
                        10.4.5.4 Rest of Asia Pacific
     10.5 Middle East & Africa
             10.5.1 By Fuel Type
             10.5.2 By Power Output
             10.5.3 By Application
             10.5.4 By End-User
             10.5.5 By Country
                        10.5.5.1 Saudi Arabia
                                     10.5.5.1.1 Emerging Trend of Generating Power From Gas is Likely to Drive the Gas Engines Industry in Saudi Arabia
                                     10.5.5.2.1 Increasing Share of Renewables in the UAE’s Electricity Generation Mix is Likely to Drive the Gas Engines Industry in the Country
                        10.5.5.3 Egypt
                                     10.5.5.3.1 Government’s Focus on Energy-Efficiency and Diversifying Power Generation Mix Will Boost the Egyptian Gas Engines Industry
                        10.5.5.4 Nigeria
                                     10.5.5.4.1 Increasing Adoption of Gas-Based Power Generation is Likely to Boost the Nigerian Gas Engines Industry
                        10.5.5.5 Rest of Middle East & Africa
     10.6 South America
             10.6.1 By Fuel Type
             10.6.2 By Power Output
             10.6.3 By Application
             10.6.4 By End-User
             10.6.5 By Country
                        10.6.5.1 Brazil
                                     10.6.5.1.1 Growing Power Demand From the Industrial Sector is Likely to Drive Brazilian Gas Engines Industry
                        10.6.5.2 Argentina
                                     10.6.5.2.1 Rising Power Demand From the Oil & Gas Industry is Driving the Gas Engines Industry in Argentina
                        10.6.5.3 Rest of South America

11 Competitive Landscape (Page No. - 112)
     11.1 Overview
     11.2 Ranking of Players and Industry Concentration, 2018
     11.3 Competitive Scenario
             11.3.1 Contracts & Agreements
             11.3.2 New Product Launches
             11.3.3 Partnerships/Collaborations/Joint Ventures/Mergers & Acquisitions
     11.4 Competitive Leadership Mapping
             11.4.1 Visionary Leaders
             11.4.2 Innovators
             11.4.3 Dynamic
             11.4.4 Emerging

12 Company Profiles (Page No. - 118)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     12.1 Innio
     12.2 Caterpillar
     12.3 Wδrtsilδ
     12.4 Rolls-Royce Holdings
     12.5 Cummins
     12.6 MAN SE
     12.7 Siemens
     12.8 Mitsubishi Heavy Industries, Ltd.
     12.9 Kawasaki Heavy Industries, Ltd.
     12.1 Ningbo C.S.I Power & Machinery Group Co., Ltd.
     12.11 IHI Power Systems
     12.12 JFE Engineering Corporation
     12.13 Liebherr
     12.14 Hyundai Heavy Industries Co., Ltd.
     12.15 Jinan Lvneng Power Machinery Equipment Co., Ltd.
     12.16 R Schmitt Enertec
     12.17 CNPC Jichai Power Complex
     12.18 Fairbanks Morse
     12.19 Googol Engine Tech
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

13 Appendix (Page No. - 172)
     13.1 Insights of 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


List of Tables (94 Tables)

Table 1 Gas Engines Market: Players/Companies Connected
Table 2 Gas Engines: Inclusions vs. Exclusions
Table 3 Gas Engines: Ideal Demand-Side Approach
Table 4 Gas Engines Market Snapshot
Table 5 Fossil Fuel Emission Levels (Pounds Per Billion Btu of Energy)
Table 6 Market Size, By Fuel Type, 2019–2024 (USD Million)
Table 7 Natural Gas: Market Size, By Region, 2019–2024 (USD Million)
Table 8 Special Gas: Market Size, By Region, 2019–2024 (USD Million)
Table 9 Others: Market Size, By Region, 2019–2024 (USD Million)
Table 10 Gas Engines Market Size, By Power Output, 2017–2024 (USD Million)
Table 11 0.5–1 MW: Gas Engines Size, By Region, 2017–2024 (USD Million)
Table 12 1–2 MW: Market Size, By Region, 2017–2024 (USD Million)
Table 13 2–5 MW: Market Size, By Region, 2017–2024 (USD Million)
Table 14 5–10 MW: Market Size, By Region, 2017–2024 (USD Million)
Table 15 10–20 MW: Market Size, By Region, 2017–2024 (USD Million)
Table 16 Gas Engines Market Size, By Application, 2017–2024 (USD Million)
Table 17 Power Generation: Market Size, By Region, 2017–2024 (USD Million)
Table 18 Cogeneration: Market Size, By Region, 2017–2024 (USD Million)
Table 19 Mechanical Drive: Market Size, By Region, 2017–2024 (USD Million)
Table 20 Others: Market Size, By Region, 2017–2024 (USD Million)
Table 21 Gas Engines Market Size, By End-User, 2017–2024 (USD Million)
Table 22 Utilities: Market Size, By End-User, 2017–2024 (USD Million)
Table 23 Manufacturing: Market Size, By End-User, 2017–2024 (USD Million)
Table 24 Oil & Gas: Market Size, By End-User, 2017–2024 (USD Million)
Table 25 Others: Market Size, By End-User, 2017–2024 (USD Million)
Table 26 Market Size, By Region, 2017–2024 (USD Million)
Table 27 Europe: Gas Engines Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 28 Europe: Market Size, By Power Output, 2017–2024 (USD Million)
Table 29 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 30 Europe: Market Size, By End-User, 2017–2024 (USD Million)
Table 31 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 32 Germany: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 33 Germany: Market Size, By End-User, 2017–2024 (USD Million)
Table 34 UK: Gas Engines Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 35 UK: Market Size, By End-User, 2017–2024 (USD Million)
Table 36 Russia: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 37 Russia: Market Size, By End-User, 2017–2024 (USD Million)
Table 38 Italy: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 39 Italy: Market Size, By End-User, 2017–2024 (USD Million)
Table 40 Turkey: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 41 Turkey: Market Size, By End-User, 2017–2024 (USD Million)
Table 42 Rest of Europe: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 43 Rest of Europe: Market Size, By End-User, 2017–2024 (USD Million)
Table 44 North America: Gas Engines Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 45 North America: Market Size, By Power Output, 2017–2024 (USD Million)
Table 46 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 47 North America: Market Size, By End-User, 2017–2024 (USD Million)
Table 48 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 49 US: Gas Engines Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 50 US: Market Size, By End-User, 2017–2024 (USD Million)
Table 51 Mexico: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 52 Mexico: Market Size, By End-User, 2017–2024 (USD Million)
Table 53 Canada: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 54 Canada: Market Size, By End-User, 2017–2024 (USD Million)
Table 55 Asia Pacific: Gas Engines Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 56 Asia Pacific: Market Size, By Power Output, 2017–2024 (USD Million)
Table 57 Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 58 Asia Pacific: Market Size, By End-User, 2017–2024 (USD Million)
Table 59 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 60 China: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 61 China: Market Size, By End-User, 2017–2024 (USD Million)
Table 62 Japan: Gas Engines Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 63 Japan: Market Size, By End-User, 2017–2024 (USD Million)
Table 64 India: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 65 India: Market Size, By End-User, 2017–2024 (USD Million)
Table 66 Rest of Asia Pacific: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 67 Rest of Asia Pacific: Market Size, By End-User, 2017–2024 (USD Million)
Table 68 Middle East & Africa: Gas Engines Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 69 Middle East & Africa: Market Size, By Power Output, 2017–2024 (USD Million)
Table 70 Middle East & Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 71 Middle East & Africa: Market Size, By End-User, 2017–2024 (USD Million)
Table 72 Middle East & Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 73 Saudi Arabia: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 74 Saudi Arabia: Market Size, By End-User, 2017–2024 (USD Million)
Table 75 UAE: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 76 UAE: Market Size, By End-User, 2017–2024 (USD Million)
Table 77 Egypt: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 78 Egypt: Market Size, By End-User, 2017–2024 (USD Million)
Table 79 Nigeria: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 80 Nigeria: Market Size, By End-User, 2017–2024 (USD Million)
Table 81 Rest of the Middle East & Africa: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 82 Rest of the Middle East & Africa: Market Size, By End-User, 2017–2024 (USD Million)
Table 83 South America: Gas Engines Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 84 South America: Market Size, By Power Output, 2017–2024 (USD Million)
Table 85 South America: Market Size, By Application, 2017–2024 (USD Million)
Table 86 South America: Market Size, By End-User, 2017–2024 (USD Million)
Table 87 South America: Market Size, By Country, 2017–2024 (USD Million)
Table 88 Brazil: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 89 Brazil: Market Size, By End-User, 2017–2024 (USD Million)
Table 90 Argentina: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 91 Argentina: Market Size, By End-User, 2017–2024 (USD Million)
Table 92 Rest of South America: Market Size, By Fuel Type, 2017–2024 (USD Million)
Table 93 Rest of South America: Market Size, By End-User, 2017–2024 (USD Million)
Table 94 Developments of Key Players in the Market, January 2016–June 2019


List of Figures (51 Figures)

Figure 1 Gas Engines Market: Research Design
Figure 2 Gas Engines: Ideal Demand-Side Calculation
Figure 3 Research Methodology: Illustration of Gas Engine Company Revenue Estimation (2018)
Figure 4 Ranking of Key Players and Industry Concentration, 2018
Figure 5 Data Triangulation Methodology
Figure 6 Key Service Providers’ Point of View
Figure 7 Europe Held the Largest Market Share in the Gas Engines Industry in 2018
Figure 8 Natural Gas is Expected to Dominate the Gas Engines Market, By Fuel Type, During the Forecast Period
Figure 9 1–2 MW Segment is Expected to Lead the Gas Engines Market, By Power Output, During the Forecast Period
Figure 10 Power Generation Segment is Expected to Dominate the Gas Engines Market, By Application, During the Forecast Period
Figure 11 Utilities Segment Dominated the Gas Engines, By End-User, in 2018
Figure 12 Environmental Concerns Related to Conventional Power Generations Supplement the Gas Engines Market Growth, 2019–2024
Figure 13 Natural Gas Segment is Expected to Dominate the Gas Engines Market During the Forecast Period
Figure 14 1–2 MW Segment Dominated the Gas Engines Industry in 2018
Figure 15 Gas Engines Market in Europe is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 16 Power Generation Segment and Russia Dominated the European Gas Engines Industry in 2018
Figure 17 Power Generation Segment is Expected to Dominate the Gas Engines Market During the Forecast Period
Figure 18 Utilities Segment Dominated the Gas Engines Industry in 2018
Figure 19 Gas Engines Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Natural Gas Consumption, 2010–2018
Figure 21 Carbon Dioxide Emissions, 2010–2018
Figure 22 Gas Production vs. Consumption, 2018
Figure 23 Gas Engines Market, By Fuel Type, 2019–2024 (USD Million)
Figure 24 Gas Engines, By Power Output, 2019–2024 (USD Million)
Figure 25 Gas Engines, By Application, 2019–2024 (USD Million)
Figure 26 Gas Engines, By End-User, 2019–2024 (USD Million)
Figure 27 Germany is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 28 Europe is Expected to Dominate the Gas Engines Market During the Forecast Period
Figure 29 Gas Engines Industry in Europe: Regional Snapshot 2018
Figure 30 Gas Engines Industry in North America: Regional Snapshot 2018
Figure 31 China Dominated the Asia Pacific Gas Engines Industry in 2018
Figure 32 Saudi Arabia Dominated the Middle East & African Gas Engines Industry in 2018
Figure 33 Brazil Dominated the South America Gas Engines Industry in 2018
Figure 34 Key Developments in the Gas Engines Market, From January 2016 to November 2019
Figure 35 Ranking of Key Players & Industry Concentration, 2018
Figure 36 Gas Engines Market Competitive Leadership Mapping, 2018
Figure 37 Caterpillar: Company Snapshot
Figure 38 Caterpillar: SWOT Analysis
Figure 39 Wδrtsilδ: Company Snapshot
Figure 40 Wδrtsilδ : SWOT Analysis
Figure 41 Rolls-Royce Holdings: Company Snapshot
Figure 42 Rolls-Royce Holdings : SWOT Analysis
Figure 43 Cummins: Company Snapshot
Figure 44 Cummins: SWOT Analysis
Figure 45 MAN SE: Company Snapshot
Figure 46 MAN SE: SWOT Analysis
Figure 47 Siemens: Company Snapshot
Figure 48 Mitsubishi Heavy Industries, Ltd.: Company Snapshot
Figure 49 Kawasaki Heavy Industries, Ltd.: Company Snapshot
Figure 50 Liebherr: Company Snapshot
Figure 51 Hyundai Heavy Industries Co., Ltd.: Company Snapshot

This study involved four major activities in estimating the current size of the global 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

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, 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. 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

The gas engines market comprises several stakeholders, such as end-product manufacturers and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as utilities, oil & gas, manufacturing, and others. The supply-side is characterized by gas engine manufacturers, tool providers, and others. 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 are given below:

Gas Engine Market

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 supply 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.

Data Triangulation

After arriving at the overall gas engines market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the gas engine and power generation sector.

Report Objectives

  • To provide detailed information on the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
  • To define, describe, segment, and forecast the global gas engines market based on fuel type, power output, application, end-user, and region
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the global market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the global gas engines market with respect to the main regions (North America, Europe, Asia Pacific, Middle East & Africa, and South America)
  • To profile and rank key players and comprehensively analyze their market share
  • To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the 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:

Regional 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
Dec, 2019
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