Gas Engines Market

The Gas Engines Market is expected to expand at a CAGR of 14.1% during the forecast period. The demand for gas engines is primarily driven by the increasing supply of natural gas and growing demand for emission-free fuel system in the automotive sector.

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Gas Engines Market Dynamics

The rapid urbanization and globalization have changed the lifestyle and work culture which has raised the use of electricity. Production companies, households, and electric vehicles are the major consumer of electricity. Electricity production is the major use of gas engines, so the growing demand for electricity with the reduced price of natural gas is expected to bolster the market growth. With the enforcement of strict emission norms, the demand for small gas engine products has increased. The global gas engines market research report, the decreasing size has introduced new technical avenue will offer huge prospects for market growth. These emission norms have bolstered the growth of technologies such as engine boosting and direct injection. However, the price fluctuation across regional market may restrain the gas engines market size.

End User Segment Drivers

The utilities segment is projected to grow at a higher CAGR during the forecast period. Utilities sector makes use of gas generators in order to serve base electrical loads. The use of gas engines across utility sector helps in absence of dependable supply from centralized power plant, and availability of natural gas, which has propelled the market growth.

Market Segmentation
Gas Engines Market by Fuel Type
  • Natural Gas
  • Special Gas
  • Others (producer gas, coal gas, and propane gas)
Gas Engines Market by Power Output
  • 0.5–1 MW
  • 1–2 MW
  • 2–5 MW
  • 5–10 MW
  • 10–20 MW
Gas Engines Market by Application
  • Power Generation
  • Cogeneration
  • Mechanical Drive
  • Others (trigeneration, quad generation, greenhouse operations, and renewable energy)
Gas Engines Market by End-User
  • Utilities
  • Oil & Gas
  • Manufacturing
  • Others (commercial complex, hospitals, and greenhouse operators)
Gas Engines Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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