Gas engines Market Research Report Forecast to 2030

Gas engines Market is expected to register a notable CAGR of 5.76% during the review period (2023 - 2030). The Gas engines Market is supposed to supply be driven by developing interest for persistent power. The Gas engines Market is likewise being impacted by a more noteworthy accentuation on bringing down fossil fuel byproducts. With expanded ecological worries and different overall endeavors to forcefully lessen worldwide fossil fuel byproducts, the area is carrying out various moves toward help its greener elective reception. Gas engines produce many less outflows per unit than other fuel-based engines, bringing about expanded worldwide market interest for gas engines.

However, the presence of international unsteadiness causes pipeline undertakings to be stopped or dropped, bringing about a lesser number of petroleum engines being obtained. Besides, the presence of political commotion, especially in countries giving and vigorously sending out petroleum gas or other fuel sources, causes a stoppage in the market inferable from high fuel costs or an absence of supply. Regardless, the gas engines market is probably going to flourish all through the forecast period on the grounds that to the rising predominance of dispersion age. Gas engines in gas-terminated power plants give the ability to drive the generator, which produces power and conveys it to various utilities and end-use organizations. Gas engines utilized in power plants likewise give different benefits like quick beginning up, high working rate, and variable burden effectiveness considering force interest. Such factors are projected to help the quantity of gas-terminated power plant being laid out.

Market Segmentation

Natural Gas, Special Gas, and Others make up the market segments for gas engines based on type.

The gas engine market is divided into segments based on application, including mechanical drive, cogeneration, power generation, and others (such as trigeneration, quad generation, greenhouse operation, and renewable energy).

Regional Analysis

The Gas Engines Market is Divided by Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, according to the study. In 2022, the market in Europe constituted a somewhat noteworthy portion of revenue.

Numerous nations across the world, including China, Japan, Greece and Germany. In 2020, Stadtwerke Kiel, German civil utility, sent off quite possibly of Europe's most present day and versatile ga motor based joined intensity and power (CHP) offices on the eastern shoreline of the Kieler Forde bay in northern Germany. While to meet expected power deficiencies, Japan desires to include private undertakings in a plan that would build the country's gaseous petrol terminated power limit by what might be compared to seven or eight power plants. The Service of Business, Exchange, and Industry anticipates that 6,000 megawatts should be functional by monetary 2030. Likewise, new gas-terminated power plant development is in progress in Alexandro polis, northern Greece, a drive to help capability of power sends out from Greece. Moreover, as per Worldwide Energy Organization (IEA), notwithstanding progressing high petroleum costs in the final part of the year, worldwide gas-terminated power yield moved by more than 3% in 2021.While, according to the New Approaches Situation of Global Energy Office (IEA) universally, around 1,510 GW of gas-terminated power plants will be required by 2040. Such advancements increment the foundation of gas-terminated power plants around the world, which will thus expand the interest in gas engines. Hence, the shift towards gas-terminated power age is supposed to drive the Gas engines Market during the forecast time frame.

Major Players

Key Companies in the Gas engines Market includes Cummins Inc., Caterpillar, Wartsila, Siemens, Doosan Corporation, and Innio.

Product Code: MRFR/E&P/2394-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 19

1.1 MARKET ATTRACTIVENESS ANALYSIS 21
1.2 GAS ENGINES MARKET, BY Fuel Type 22
1.3 GAS ENGINES MARKET, BY Application 23
1.4 GAS ENGINES MARKET, BY Power Node Range 24
1.5 GAS ENGINES MARKET, BY End-Use 25
1.6 GAS ENGINES MARKET, BY REGION 26

2 MARKET INTRODUCTION 27

2.1 DEFINITION 27
2.2 SCOPE OF THE STUDY 27
2.3 Research Objective 27
2.4 MARKET STRUCTURE 28
2.5 Key Buying Criteria 28

3 RESEARCH METHODOLOGY 29

3.1 RESEARCH PROCESS 29
3.2 PRIMARY RESEARCH 30
3.3 SECONDARY RESEARCH 31
3.4 MARKET SIZE ESTIMATION 31
3.5 TOP-DOWN & BOTTOM-Up APPROACH 32
3.6 FORECAST MODEL 33
3.7 LIST OF ASSUMPTIONS 34

4 MARKET DYNAMICS 35

4.1 Overview 35
4.2 Drivers 36
- 4.2.1 Rising SHIFT TOWARDS GAS-FIRED POWER GENERATION 36
- 4.2.2 INCREASING FOCUS ON REDUCING CARBON EMISSIONS 37
4.3 Restraints 38
- 4.3.1 Presence Of Geopolitical Instability 38
4.4 Opportunities 39
- 4.4.1 GROWING Prevelance OF DISTRIBUTED GENERATION 39
4.5 IMPACT ANALYSIS OF COVID-19 40
- 4.5.1 Impact On The Energy & Power Industry 40
- 4.5.2 Economic Impact 40
- 4.5.3 Impact On The Gas Engines Market 40
- 4.5.4 Impact On The Supply Chain Of The Gas Engines Market 41
  - 4.5.4.1 Price Variation Of Key Raw Materials 41
  - 4.5.4.2 Production Shutdown 41
  - 4.5.4.3 Cash Flow Constraints 41
  - 4.5.4.4 Impact On Import/Export 41
- 4.5.5 Impact On Market Demand FOR Gas Engines 41
  - 4.5.5.1 Impact Due To Restrictions/Lockdown 41
  - 4.5.5.2 Consumer Sentiments 42
- 4.5.6 Impact On Pricing Of Gas Engines Market 42

5 MARKET FACTOR ANALYSIS 43

5.1 Supply CHAIN ANALYSIS 43
- 5.1.1 Raw Material & Component Supply 44
- 5.1.2 Manufacturing & Assembly 44
- 5.1.3 Sales & Distribution 44
- 5.1.4 End Users & Aftersales 45
5.2 PORTER'S FIVE FORCES MODEL 45
- 5.2.1 THREAT OF NEW ENTRANTS 46
- 5.2.2 BARGAINING POWER OF SUPPLIERS 46
- 5.2.3 THREAT OF SUBSTITUTES 46
- 5.2.4 BARGAINING POWER OF BUYERS 46
- 5.2.5 Intensity Of RIVALRY 47

6 GLOBAL GAS ENGINES MARKET, BY FUEL TYPE 48

6.1 OVERVIEW 48
- 6.1.1 GAS ENGINES: MARKET ESTIMATES & FORECAST BY FUEL TYPE, 2019-2030 49

7 GLOBAL GAS ENGINES MARKET, BY APPLICATION 50

7.1 OVERVIEW 50
- 7.1.1 GAS ENGINES: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 51

8 GLOBAL GAS ENGINES MARKET, BY END-USE 52

8.1 OVERVIEW 52
- 8.1.1 GAS ENGINES: MARKET ESTIMATES & FORECAST BY END-USE, 2019-2030 53

9 GLOBAL GAS ENGINES MARKET, BY POWER NODES RANGE 54

9.1 OVERVIEW 54
- 9.1.1 GAS ENGINES: MARKET ESTIMATES & FORECAST BY POWER NODES RANGE, 2019-2030 55

10 GLOBAL GAS ENGINES MARKET, BY REGION 56

10.1 OVERVIEW 56
10.2 NORTH AMERICA 57
- 10.2.1 Us 59
- 10.2.2 Canada 60
- 10.2.3 Mexico 61
10.3 Europe 63
- 10.3.1 Austria 66
- 10.3.2 Belgium 67
- 10.3.3 Bulgaria 69
- 10.3.4 Croatia 70
- 10.3.5 Republic Of Cyprus 72
- 10.3.6 Czech Republic 73
- 10.3.7 Denmark 74
- 10.3.8 Estonia 76
- 10.3.9 Finland 77
- 10.3.10 France 78
- 10.3.11 Germany 80
- 10.3.12 Greece 81
- 10.3.13 Hungary 82
- 10.3.14 Ireland 84
- 10.3.15 Italy 85
- 10.3.16 Latvia 86
- 10.3.17 Lithuania 88
- 10.3.18 Luxembourg 89
- 10.3.19 Malta 90
- 10.3.20 Netherlands 92
- 10.3.21 Poland 93
- 10.3.22 Portugal 94
- 10.3.23 Romania 96
- 10.3.24 Slovakia 97
- 10.3.25 Slovenia 98
- 10.3.26 Spain 100
- 10.3.27 Sweden 101
- 10.3.28 Iceland 102
- 10.3.29 Liechtenstein 104
- 10.3.30 Norway 105
- 10.3.31 Ukraine 106
- 10.3.32 Rest Of Europe 108
10.4 Asia-Pacific 110
- 10.4.1 China 111
- 10.4.2 India 112
- 10.4.3 Japan 113
- 10.4.4 South Korea 114
- 10.4.5 Rest Of Asia-Pacific 115
10.5 South America 117
- 10.5.1 Brazil 118
- 10.5.2 Argentina 119
- 10.5.3 VENEZUELA 120
- 10.5.4 Rest Of South America 121
10.6 Middle East And Africa 123
- 10.6.1 Saudi Arabia 125
- 10.6.2 UAE 126
- 10.6.3 South Africa 127
- 10.6.4 Rest Of Middle East & Africa 128

11 COMPETITIVE LANDSCAPE 129

11.1 COMPETITIVE OVERVIEW 129
11.2 COMPETITIVE BENCHMARKING 130
11.3 MARKET SHARE ANALYSIS 131

12 Company Profiles 132

12.1 Cummins Inc. 132
- 12.1.1 COMPANY OVERVIEW 132
- 12.1.2 FINANCIAL OVERVIEW 133
- 12.1.3 PRODUCTS OFFERed 133
- 12.1.4 KEY DEVELOPMENTS 134
- 12.1.5 SWOT ANALYSIS 135
- 12.1.6 KEY STRATEGIES 135
12.2 Caterpillar 136
- 12.2.1 COMPANY OVERVIEW 136
- 12.2.2 FINANCIAL OVERVIEW 137
- 12.2.3 PRODUCTS OFFERed 137
- 12.2.4 KEY DEVELOPMENTS 138
- 12.2.5 SWOT ANALYSIS 139
- 12.2.6 KEY STRATEGIES 139
12.3 MITSUBISHI HEAVY INDUSTRIES, LTD 140
- 12.3.1 COMPANY OVERVIEW 140
- 12.3.2 FINANCIAL OVERVIEW 141
- 12.3.3 PRODUCTS OFFERed 141
- 12.3.4 KEY DEVELOPMENTS 142
- 12.3.5 SWOT ANALYSIS 142
- 12.3.6 KEY STRATEGIES 142
12.4 Rolls-Royce Plc 143
- 12.4.1 COMPANY OVERVIEW 143
- 12.4.2 FINANCIAL OVERVIEW 144
- 12.4.3 PRODUCTS OFFERed 144
- 12.4.4 KEY DEVELOPMENTS 145
- 12.4.5 SWOT ANALYSIS 146
- 12.4.6 KEY STRATEGIES 146
12.5 Volkswagen AG 147
- 12.5.1 COMPANY OVERVIEW 147
- 12.5.2 FINANCIAL OVERVIEW 148
- 12.5.3 PRODUCTS OFFERed 148
- 12.5.4 KEY DEVELOPMENTS 149
- 12.5.5 SWOT Analysis 150
- 12.5.6 Key Strategies 150
12.6 Wartsila 151
- 12.6.1 COMPANY OVERVIEW 151
- 12.6.2 FINANCIAL OVERVIEW 152
- 12.6.3 PRODUCTS OFFERed 152
- 12.6.4 KEY DEVELOPMENTS 153
- 12.6.5 SWOT Analysis 154
- 12.6.6 Key Strategies 154
12.7 Kohler Co. 155
- 12.7.1 COMPANY OVERVIEW 155
- 12.7.2 FINANCIAL OVERVIEW 155
- 12.7.3 PRODUCTS OFFERed 155
- 12.7.4 KEY DEVELOPMENTS 155
- 12.7.5 SWOT Analysis 156
- 12.7.6 Key Strategies 156
12.8 YANMAR HOLDINGS CO., LTD. 157
- 12.8.1 Company Overview 157
- 12.8.2 FINANCIAL OVERVIEW 157
- 12.8.3 PRODUCTS OFFERed 158
- 12.8.4 KEY DEVELOPMENTS 158
- 12.8.5 SWOT Analysis 158
- 12.8.6 Key Strategies 159
12.9 Hyundai Heavy Industries Co., Ltd 160
- 12.9.1 COMPANY OVERVIEW 160
- 12.9.2 FINANCIAL OVERVIEW 161
- 12.9.3 PRODUCTS OFFERed 161
- 12.9.4 KEY DEVELOPMENTS 161
- 12.9.5 SWOT Analysis 162
- 12.9.6 Key Strategies 162
12.10 China Yuchai International Limited 163
- 12.10.1 COMPANY OVERVIEW 163
- 12.10.2 FINANCIAL OVERVIEW 164
- 12.10.3 PRODUCTS OFFERed 164
- 12.10.4 KEY DEVELOPMENTS 165
- 12.10.5 SWOT Analysis 165
- 12.10.6 Key Strategies 165
12.11 Siemens 166
- 12.11.1 COMPANY OVERVIEW 166
- 12.11.2 FINANCIAL OVERVIEW 167
- 12.11.3 PRODUCTS OFFERed 168
- 12.11.4 KEY DEVELOPMENTS 168
- 12.11.5 SWOT Analysis 169
- 12.11.6 Key Strategies 169
12.12 Doosan Corporation 170
- 12.12.1 COMPANY OVERVIEW 170
- 12.12.2 FINANCIAL OVERVIEW 171
- 12.12.3 PRODUCTS OFFERed 172
- 12.12.4 KEY DEVELOPMENTS 172
- 12.12.5 SWOT Analysis 173
- 12.12.6 Key Strategies 173
12.13 Cooper Corp. 174
- 12.13.1 COMPANY OVERVIEW 174
- 12.13.2 FINANCIAL OVERVIEW 174
- 12.13.3 PRODUCTS OFFERed 174
- 12.13.4 KEY DEVELOPMENTS 174
- 12.13.5 SWOT Analysis 175
- 12.13.6 Key Strategies 175
12.14 INNIO 176
- 12.14.1 COMPANY OVERVIEW 176
- 12.14.2 FINANCIAL OVERVIEW 176
- 12.14.3 PRODUCTS OFFERed 176
- 12.14.4 KEY DEVELOPMENTS 177
- 12.14.5 SWOT Analysis 178
- 12.14.6 Key Strategies 178

13 APPENDIX 179

13.1 REFERENCES 179
13.2 RELATED REPORTS 180