Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1291365
PUBLISHER: IMARC | PRODUCT CODE: 1291365
Gas Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
PUBLISHED:
PAGES: 144 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global gas engine market size reached US$ 5.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Gas engines refer to internal combustion engines that operate on various gaseous fuels, such as natural gas, coal gas, producer gas, and biogas. They consist of a fixed cylinder and a moving piston and are widely used as heavy-duty industrial engines capable of running at full load continuously. They can power automobiles, light trucks, medium-to-large motorcycles, and lawn mowers. Gas engines are more efficient, cost-effective, and reliable than their traditional counterparts that utilized an ignition source, such as a spark or small amount of pilot fuel. They also offer high electrical and thermal efficiency, low maintenance and operation costs, and environmental benefits. As a result, gas engines are rapidly gaining traction across numerous industries, including power generation, manufacturing, oil and gas, utilities, and transportation.
Gas Engine Market Trends:
The rising need for clean and efficient power generation technology represents the primary factor driving the market growth. Besides this, the escalating demand for electricity due to rapid industrialization and urbanization, growing population, and infrastructure development has accelerated the adoption of gas engines in electric utilities to handle peak load demand effectively. Additionally, governments of various countries are taking favorable initiatives, such as the implementation of stringent regulations, for minimizing greenhouse gas (GHG) emissions and air pollution. Along with this, the rising environmental concerns and the shifting preferences toward renewable energy sources among the masses are propelling the market growth. Furthermore, the leading manufacturers are making heavy investments in research and development (R&D) activities to launch innovative gas engines to meet the need for higher power outputs and diesel engine standards. Other factors, including the emerging applications in the aerospace industry, easy availability of natural gas, and growing focus toward gas engine-based power plants and distributed power generation, are also anticipated to create a positive market outlook in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global gas engine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on fuel type, power output, application and industry vertical.
Breakup by Fuel Type:
Natural Gas
Special Gas
Others
Breakup by Power Output:
0.5-1 MW
1-2 MW
2-5 MW
5-10 MW
10-20 MW
Breakup by Application:
Mechanical Drive
Power Generation
Cogeneration
Others
Breakup by Industry Vertical:
Utilities
Manufacturing
Oil and Gas
Mining
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Caterpillar Inc., China Yuchai International Limited, Cummins Inc., Doosan Corporation, General Electric Company, Hyundai Heavy Industries Co. Ltd., JFE Holdings Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Siemens AG, Volkswagen AG and Wartsila Oyj Abp.
Key Questions Answered in This Report:
- How has the global gas engine market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global gas engine market?
- What are the key regional markets?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the power output?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global gas engine market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5301
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Gas Engine Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Fuel Type
- 6.1 Natural Gas
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Special Gas
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Power Output
- 7.1 0.5-1 MW
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 1-2 MW
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 2-5 MW
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 5-10 MW
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 10-20 MW
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Application
- 8.1 Mechanical Drive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Power Generation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Cogeneration
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Industry Vertical
- 9.1 Utilities
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Manufacturing
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Oil and Gas
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Mining
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Caterpillar Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 China Yuchai International Limited
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Cummins Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Doosan Corporation
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 General Electric Company
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Hyundai Heavy Industries Co. Ltd.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 JFE Holdings Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Kawasaki Heavy Industries Ltd.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Mitsubishi Heavy Industries Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Rolls-Royce plc
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Siemens AG
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Volkswagen AG
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13 Wartsila Oyj Abp
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
- 15.3.1 Caterpillar Inc.
Product Code: SR112023A5301
List of Figures
- Figure 1: Global: Gas Engine Market: Major Drivers and Challenges
- Figure 2: Global: Gas Engine Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Gas Engine Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Gas Engine Market: Breakup by Fuel Type (in %), 2022
- Figure 5: Global: Gas Engine Market: Breakup by Power Output (in %), 2022
- Figure 6: Global: Gas Engine Market: Breakup by Application (in %), 2022
- Figure 7: Global: Gas Engine Market: Breakup by Industry Vertical (in %), 2022
- Figure 8: Global: Gas Engine Market: Breakup by Region (in %), 2022
- Figure 9: Global: Gas Engine (Natural Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Gas Engine (Natural Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Gas Engine (Special Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Gas Engine (Special Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Gas Engine (Other Fuel Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Gas Engine (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Gas Engine (0.5-1 MW) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Gas Engine (0.5-1 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Gas Engine (1-2 MW) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Gas Engine (1-2 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Gas Engine (2-5 MW) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Gas Engine (2-5 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Gas Engine (5-10 MW) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Gas Engine (5-10 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Gas Engine (10-20 MW) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Gas Engine (10-20 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Gas Engine (Mechanical Drive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Gas Engine (Mechanical Drive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Gas Engine (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Gas Engine (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Gas Engine (Cogeneration) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Gas Engine (Cogeneration) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Gas Engine (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Gas Engine (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Gas Engine (Utilities) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Gas Engine (Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Gas Engine (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Gas Engine (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Gas Engine (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Gas Engine (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Gas Engine (Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Gas Engine (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Gas Engine (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Gas Engine (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: North America: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: North America: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: United States: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: United States: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Canada: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Canada: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Asia-Pacific: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Asia-Pacific: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: China: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: China: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Japan: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Japan: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: India: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: India: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: South Korea: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: South Korea: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Australia: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Australia: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Indonesia: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Indonesia: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Europe: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Europe: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Germany: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Germany: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: France: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: France: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: United Kingdom: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: United Kingdom: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Italy: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Italy: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Spain: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Spain: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Russia: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Russia: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Others: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Latin America: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Latin America: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Brazil: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Brazil: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Mexico: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Mexico: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Others: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Middle East and Africa: Gas Engine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Middle East and Africa: Gas Engine Market: Breakup by Country (in %), 2022
- Figure 91: Middle East and Africa: Gas Engine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Global: Gas Engine Industry: SWOT Analysis
- Figure 93: Global: Gas Engine Industry: Value Chain Analysis
- Figure 94: Global: Gas Engine Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Gas Engine Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Gas Engine Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
- Table 3: Global: Gas Engine Market Forecast: Breakup by Power Output (in Million US$), 2023-2028
- Table 4: Global: Gas Engine Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Gas Engine Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 6: Global: Gas Engine Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Gas Engine Market: Competitive Structure
- Table 8: Global: Gas Engine Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.