India Gas Engine Market By Fuel Type, By Power Output, By End User Industry, By Region, Competition, Forecast & Opportunities, 2018-2028

The India Gas Engine Market is anticipated to grow robustly during the forecast period, 2024-2028. The gas engine is a reciprocating combustion engine used for internal combustion. This engine runs on biogas, natural and landfill gas, and syngas as fuel. Gas engines are regarded as dependable sources that offer effective functioning, particularly when it comes to incurring cheap operational and maintenance expenses.

Owing to their great electrical and thermal efficiency, low operating and servicing costs, and excellent dependability, these engines typically attain more than 90% efficiency. They are utilized in a variety of applications such as power generation, cogeneration, mechanical drive, and trigeneration functions such as district heating systems, hospitals, universities, and industrial units.

Stricter Emissions Rules to Drive Growth of the Market

One of the primary reasons driving the growth of the natural gas engines market is the country's s move toward the utilization of gas-fired power production. The prevalence of severe environmental regulation and sustainability standards, as well as an increasing focus on reducing carbon emissions, also drive market growth. The rise in natural gas consumption, as indicated in the BP Statistical Review of World Energy, and the rise in demand for clean and efficient power production technologies both have an impact on the market.

Moreover, rising industrialization, favorable government rules, an increase in environmental concerns, and an increase in investment all benefit the natural gas engines industry. Additionally, the transition toward gas-fired power plants and the trend of distributed power generation creates attractive prospects for market participants from 2024 to 2028.

Factors such as the growing usage of gas-powered construction equipment, the drop in natural gas prices, the low environmental effect, and the rising flexibility and efficiency of gas-powered energy generation are expected to drive India gas engine market during the forecast period.

Adoption of Power Plants & Latest Investments are Driving Market Growth

The development of new power plants and transmission systems require significant investment as well as ongoing maintenance. Most government agencies prefer cost-effective methods of meeting power demand. The World Energy Council (WEC) predicts that worldwide power demand would more than double by 2060 from its current level. Owing to the increasing need to include natural gas into the electricity generating mix and improve natural gas-related infrastructure, gas engine-based distributed power generation is quickly developing as a cost-effective choice for government agencies.

Gas engines are less costly, more ecologically friendly, and more dependable and efficient than other fuel-powered engines. Natural gas engines are becoming increasingly used in applications such as heating, energy generating, and vehicle operation.

Safran, the world's largest aircraft engine maker, has committed to investing up to 300 million Euros (about USD 305 million) in India. When completed in 2025, a USD 212.8 million maintenance, repair, and overhaul (MRO) facility in Hyderabad would be the French MNC's largest shop facility in the world for LEAP engines.

Several consumer airlines in India use the LEAP engines on their A320neos/B737 MAXs. There is a backlog of 1,500 engines for Indian airlines. India is a vital and critical market for us. In a decade, air traffic will more than quadruple. As capacity expands in stages, the MRO will repair 300 engines per year and employ 1,000 people by 2030. Natural gas reservoir irregularities and fluctuating prices are projected to stymie market expansion.

Market Segmentation:

The India Gas Engine Market is divided on the basis of fuel type, power output, end user industry and region. Based on fuel type, the market is further divided into natural gas, special gas, others. Based on power output, the market is further segmented into <15kVA, 15-25kVA, 25-55kVA, and 55-75kVA. Based on end-user industry, the market is further segmented into utilities, construction, mining, small industries, and others. Based on region, market is further divided into North, West, South, East.

Market player

Major players operating in India Gas Engine Market are Caterpillar India, Wartsila India Ltd., Cummins India Ltd., Siemens Energy India, Yanmar Engine Manufacturing India Pvt. Ltd, Mitsubishi Heavy Industries India Private Limited, Baudouin India, Green Power International Pvt. Ltd, Cooper Corp, and Chroma Power Systems India Private Limited.

Report Scope:

In this report, India Gas Engine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• India Gas Engine Market, By Fuel Type:

Natural Gas

Special Gas

Others

• India Gas Engine Market, By Power Output:

<15kVA

15-25kVA

25-55kVA

55-75kVA

• India Gas Engine Market, End-User Industry:

Utilities

Construction

Mining

Small Industries

Others

• India Gas Engine Market, By Region:

West India

North India

South India

East India

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in India Gas Engine Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information:

• Detailed analysis and profiling of additional market players (up to five).