The Global Gas Engine Market was valued at USD 3.41 billion in 2016 and is projected to reach USD 5.90 billion by 2025, growing at a CAGR of 6.23% from 2017 to 2025.
A Gas Engine is an internal combustion engine which runs on a gas fuel, such as coal gas, producer gas, biogas, landfill gas or natural gas. Benefits of gas engine include - lower maintenance costs, environmentally friendly, flexibility and individuality, efficiency through long overhaul intervals and extended service lives, low emissions improved handling, efficiency, and performance.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rising trend of distributed power generation
1.2 Increasing shift toward gas-fired power plants
1.3 Declining natural gas prices
1.4 Carbon emission reduction targets
1.5 Rise in clean and efficient power generation technology
2. Market Restraints
2.1 Limited natural gas reserves
2.2 Infrastructure concerns
2.3 Changing prices
Market Segmentation:
The Global Gas Engine Market is segmented on the power output, fuel type, end user, application, and region.
1. Power Output:
1.1 0.5 MW-1 MW
1.2 1 MW-2 MW
1.3 2 MW-5 MW
1.4 5 MW-10 MW
1.5 10 MW-20 MW
2. By Fuel Type:
2.1 Natural Gas
2.2 Special Gas
2.3 Others
3. By End User:
3.1 Manufacturing
3.2 Oil & Gas
3.3 Utilities
3.4 Others
4. By Application:
4.1 Co-generation
4.2 Power Generation
4.3 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. General Electric Company
2. Wartsila Corporation
3. Cummins Inc.
4. MAN SE
5. Kawasaki Heavy Industries, Ltd.
6. JFE Holdings, Inc.
7. Niigata Power Systems Co., Ltd
8. Caterpillar, Inc.
9. Rolls-Royce Holdings Plc
10. Siemens AG
11. Mitsubishi Heavy Industries, Ltd.
12. Liebherr Group
13. Hyundai Heavy Industries Co., Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Gas Engine Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL GAS ENGINE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL GAS ENGINE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL GAS ENGINE MARKET , BY POWER TYPE
5.1 Overview
5.2 0.5 MW-1 MW
5.3 1 MW-2 MW
5.4 2 MW-5 MW
5.5 5 MW-10 MW
5.6 10 MW-20 MW
6 GLOBAL GAS ENGINE MARKET , BY FUEL TYPE
6.1 Overview
6.2 Natural Gas
6.3 Special Gas
6.4 Others
7 GLOBAL GAS ENGINE MARKET , BY END USER
7.1 Overview
7.2 Manufacturing
7.3 Oil & Gas
7.4 Utilities
7.5 Others
8 GLOBAL GAS ENGINE MARKET , BY APPLICATION
8.1 Overview
8.2 Co-generation
8.3 Power Generation
8.4 Others
9 GLOBAL GAS ENGINE MARKET , BY GEOGRAPHY
9.1 Overview
9.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
9.5.1 Brazil
9.5.2 Argentina
9.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
10 GLOBAL GAS ENGINE MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Share
10.3 Vendor Landscape
10.4 Key Development Strategies
11 COMPANY PROFILES
11.1 General Electric Company
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Wartsila Corporation
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 Cummins Inc.
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 MAN SE
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Kawasaki Heavy Industries, Ltd.
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 JFE Holdings, Inc.
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 Niigata Power Systems Co., Ltd
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Caterpillar, Inc.
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Rolls-Royce Holdings Plc
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 Siemens AG
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
11.11 Mitsubishi Heavy Industries, Ltd.
11.11.1 Overview
11.11.2 Financial Performance
11.11.3 Product Outlook
11.11.4 Key Developments
11.12 Liebherr Group
11.12.1 Overview
11.12.2 Financial Performance
11.12.3 Product Outlook
11.12.4 Key Developments
11.13 Hyundai Heavy Industries Co., Ltd.
11.13.1 Overview
11.13.2 Financial Performance
11.13.3 Product Outlook
11.13.4 Key Developments
12 Appendix
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