Gas Engine Market in North America 2022-2026

Description

List of Tables

Technavio has been monitoring the gas engine market in North America and it is poised to grow by $ 468.61 mn during 2022-2026, accelerating at a CAGR of 5.6% during the forecast period. Our report on the gas engine market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current regional market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for efficient heat and power generation in North America, abundant availability of natural gas in North America, and a reduction in prices of natural gas.

The gas engine market in North America analysis includes the application and end-user segments.

Technavio's gas engine market in North America is segmented as below:

By Application

Power generation
Co-generation
Others

By End-user

Power
Industrial
Residential
Commercial

This study identifies the shift from conventional coal-fired to gas-fired power plants as one of the prime reasons driving the gas engine market growth in North America during the next few years. Also, an increasing number of product launches and the advent of the dual-fuel engine will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the gas engine market in North America covers the following areas:

Gas engine market sizing
Gas engine market forecast
Gas engine market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gas engine market vendors in North America including Caterpillar Inc., China National Petroleum Corp., China Yuchai International Ltd., Cummins Inc., DEUTZ AG, Fairbanks Morse LLC, HD Hyundai Co.Ltd., IHI Corp., INNIO Jenbacher GmbH and Co. OG, JFE Engineering Corp., Kawasaki Heavy Industries Ltd., Kohler Co., Liebherr International AG, MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., R Schmitt Enertec GmbH, Rolls Royce Holdings Plc, Siemens AG, Westport Fuel Systems Inc., and Yanmar Holdings Co. Ltd. Also, the gas engine market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44112

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Application
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Data Table on Incremental Growth
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 12: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 13: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Chart on North America: Year-over-year growth 2021-2026 (%)
Exhibit 15: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 16: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 17: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 18: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 19: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 20: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 21: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 22: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
Exhibit 23: Chart on Application - Market share 2021-2026 (%)
Exhibit 24: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 25: Chart on Comparison by Application
Exhibit 26: Data Table on Comparison by Application
5.3 Power generation - Market size and forecast 2021-2026
Exhibit 27: Chart on Power generation - Market size and forecast 2021-2026 ($ million)
Exhibit 28: Data Table on Power generation - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Chart on Power generation - Year-over-year growth 2021-2026 (%)
Exhibit 30: Data Table on Power generation - Year-over-year growth 2021-2026 (%)
5.4 Co-generation - Market size and forecast 2021-2026
Exhibit 31: Chart on Co-generation - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Data Table on Co-generation - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Chart on Co-generation - Year-over-year growth 2021-2026 (%)
Exhibit 34: Data Table on Co-generation - Year-over-year growth 2021-2026 (%)
5.5 Others - Market size and forecast 2021-2026
Exhibit 35: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 38: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Application
Exhibit 39: Market opportunity by Application ($ million)

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 40: Chart on End-user - Market share 2021-2026 (%)
Exhibit 41: Data Table on End-user - Market share 2021-2026 (%)
6.2 Comparison by End-user
Exhibit 42: Chart on Comparison by End-user
Exhibit 43: Data Table on Comparison by End-user
6.3 Power - Market size and forecast 2021-2026
Exhibit 44: Chart on Power - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Data Table on Power - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Chart on Power - Year-over-year growth 2021-2026 (%)
Exhibit 47: Data Table on Power - Year-over-year growth 2021-2026 (%)
6.4 Industrial - Market size and forecast 2021-2026
Exhibit 48: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
Exhibit 49: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
Exhibit 50: Chart on Industrial - Year-over-year growth 2021-2026 (%)
Exhibit 51: Data Table on Industrial - Year-over-year growth 2021-2026 (%)
6.5 Residential - Market size and forecast 2021-2026
Exhibit 52: Chart on Residential - Market size and forecast 2021-2026 ($ million)
Exhibit 53: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
Exhibit 54: Chart on Residential - Year-over-year growth 2021-2026 (%)
Exhibit 55: Data Table on Residential - Year-over-year growth 2021-2026 (%)
6.6 Commercial - Market size and forecast 2021-2026
Exhibit 56: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 57: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 58: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibit 59: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
6.7 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ million)

7 Customer Landscape

7.1 Customer landscape overview
Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 62: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 63: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 64: Overview on factors of disruption
9.4 Industry risks
Exhibit 65: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 66: Vendors covered
10.2 Market positioning of vendors
Exhibit 67: Matrix on vendor position and classification
10.3 Caterpillar Inc.
Exhibit 68: Caterpillar Inc. - Overview
Exhibit 69: Caterpillar Inc. - Business segments
Exhibit 70: Caterpillar Inc. - Key offerings
Exhibit 71: Caterpillar Inc. - Segment focus
10.4 Cummins Inc.
Exhibit 72: Cummins Inc. - Overview
Exhibit 73: Cummins Inc. - Business segments
Exhibit 74: Cummins Inc. - Key offerings
Exhibit 75: Cummins Inc. - Segment focus
10.5 HD Hyundai Co.Ltd.
Exhibit 76: HD Hyundai Co.Ltd. - Overview
Exhibit 77: HD Hyundai Co.Ltd. - Business segments
Exhibit 78: HD Hyundai Co.Ltd. - Key news
Exhibit 79: HD Hyundai Co.Ltd. - Key offerings
Exhibit 80: HD Hyundai Co.Ltd. - Segment focus
10.6 INNIO Jenbacher GmbH and Co. OG
Exhibit 81: INNIO Jenbacher GmbH and Co. OG - Overview
Exhibit 82: INNIO Jenbacher GmbH and Co. OG - Product / Service
Exhibit 83: INNIO Jenbacher GmbH and Co. OG - Key offerings
10.7 Kawasaki Heavy Industries Ltd.
Exhibit 84: Kawasaki Heavy Industries Ltd. - Overview
Exhibit 85: Kawasaki Heavy Industries Ltd. - Business segments
Exhibit 86: Kawasaki Heavy Industries Ltd. - Key news
Exhibit 87: Kawasaki Heavy Industries Ltd. - Key offerings
Exhibit 88: Kawasaki Heavy Industries Ltd. - Segment focus
10.8 Liebherr International AG
Exhibit 89: Liebherr International AG - Overview
Exhibit 90: Liebherr International AG - Product / Service
Exhibit 91: Liebherr International AG - Key news
Exhibit 92: Liebherr International AG - Key offerings
10.9 MAN Energy Solutions SE
Exhibit 93: MAN Energy Solutions SE - Overview
Exhibit 94: MAN Energy Solutions SE - Product / Service
Exhibit 95: MAN Energy Solutions SE - Key offerings
10.10 Mitsubishi Heavy Industries Ltd.
Exhibit 96: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 97: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 98: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 99: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 100: Mitsubishi Heavy Industries Ltd. - Segment focus
10.11 Siemens AG
Exhibit 101: Siemens AG - Overview
Exhibit 102: Siemens AG - Business segments
Exhibit 103: Siemens AG - Key news
Exhibit 104: Siemens AG - Key offerings
Exhibit 105: Siemens AG - Segment focus
10.12 Yanmar Holdings Co. Ltd.
Exhibit 106: Yanmar Holdings Co. Ltd. - Overview
Exhibit 107: Yanmar Holdings Co. Ltd. - Product / Service
Exhibit 108: Yanmar Holdings Co. Ltd. - Key news
Exhibit 109: Yanmar Holdings Co. Ltd. - Key offerings

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 110: Inclusions checklist
Exhibit 111: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 112: Currency conversion rates for US$
11.4 Research methodology
Exhibit 113: Research methodology
Exhibit 114: Validation techniques employed for market sizing
Exhibit 115: Information sources
11.5 List of abbreviations
Exhibit 116: List of abbreviations
- demand for uninterrupted power: The increasing demand for energy, rising population, and aging power infrastructure have increased the strain on power grids, which are the main reason for power blackouts in most countries such as India, China, and other Asian countries. Even some countries such as the UAE and Saudi Arabia have also observed an increase in power outages, which are usually caused by the lack of fuel, spurred by the failure of a deal to deliver natural gas. Some of the other causes of power failure in these counties include distribution station failure, load shedding, maintenance shutdown, vandalism, and cyber-attacks.