Gas Engine Market 2027 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

Global gas engine market is expected to grow at a steady rate during the forecast period. The global gas engine market is driven by the growing need to generate cleaner forms of energy. Additionally, supportive government policies & schemes for emission control on account of the growing environmental concerns are further expected to propel the market growth through 2027. Furthermore, technological advancements coupled with new product launches by major players operating in the market is expected to create lucrative opportunities for the market growth through 2027. However, the gas engines get heated too fast this can hamper the market growth during forecast period.

The global gas engine market is segmented based on fuel type, power output, application, end user industry, company and region. Based on fuel type, the market can be categorized into natural gas, special gas and others. The natural gas segment is expected to dominate the market on account of the increasing use of natural gas in base load power generation and combined heat & power applications.

Regionally, the gas engine market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall gas engine market owing to the extensive demand for cogeneration application for both residential and commercial purposes.

The major players operating in the gas engine market are Caterpillar Inc., General Electric Company, Rolls-Royce Holdings plc, Cummins Inc., Siemens AG, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Hyundai Heavy Industries, MAN SE, INNIO and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

To analyze and estimate the market size of global gas engine market from 2017 to 2020.
To estimate and forecast the market size of global gas engine market from 2021 to 2027 and growth rate until 2027.
To classify and forecast global gas engine market based on fuel type, power output, application, end user industry, company and regional distribution.
To identify dominant region or segment in the global gas engine market.
To identify drivers and challenges for global gas engine market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global gas engine market.
To identify and analyze the profile of leading players operating in global gas engine market.
To identify key sustainable strategies adopted by market players in global gas engine market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global gas engine market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Gas Engine manufacturers/ suppliers/ distributors
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to gas engine

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Fuel Type Power Output Application End User Industry
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Kuwait; Brazil, Argentina, Colombia;
Key companies profiled	Caterpillar Inc., General Electric Company, Rolls-Royce Holdings plc, Cummins Inc., Siemens AG, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Hyundai Heavy Industries, MAN SE, INNIO.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global gas engine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Gas Engine Market, By Fuel Type:

Natural Gas
Special Gas
Others

Global Gas Engine Market, By Power Output:

0.5–1 MW
1–2 MW
2–5 MW
5–10 MW
10–20 MW

Global Gas Engine Market, By Application:

Power Generation
Cogeneration
Mechanical Drive
Others

Global Gas Engine Market, By End User Industry:

Oil & Gas
Energy & Utilities
Manufacturing & Engineering
Others

Global Gas Engine Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Italy
Spain

Asia-Pacific

China
Japan
India
South Korea
Australia

Middle East & Africa

South Africa
Saudi Arabia
UAE
Kuwait

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global 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).

Global gas engine market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Gas Engine Market

4. Executive Summary

5. Voice of Customer

6. Global Gas Engine Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Fuel Type (Natural Gas, Special Gas, Others)

6.2.2. By Power Output (0.5–1 MW, 1–2 MW, 2–5 MW, 5–10 MW, 10–20 MW)

6.2.3. By Application (Power Generation, Cogeneration, Mechanical Drive, Others)

6.2.4. By End User Industry (Oil & Gas, Energy & Utilities, Manufacturing & Engineering, Others)

6.2.5. By Company (2021)

6.2.6. By Region

6.3. Product Market Map

7. Asia-Pacific Gas Engine Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Fuel Type

7.2.2. By Power Output

7.2.3. By Technology

7.2.4. By End User Industry

7.2.5. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Gas Engine Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Fuel Type

7.3.1.2.2. By Power Output

7.3.1.2.3. By Technology

7.3.1.2.4. By End User Industry

7.3.2. India Gas Engine Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Fuel Type

7.3.2.2.2. By Power Output

7.3.2.2.3. By Technology

7.3.2.2.4. By End User Industry

7.3.3. Australia Gas Engine Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Fuel Type

7.3.3.2.2. By Power Output

7.3.3.2.3. By Technology

7.3.3.2.4. By End User Industry

7.3.4. Japan Gas Engine Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Fuel Type

7.3.4.2.2. By Power Output

7.3.4.2.3. By Technology

7.3.4.2.4. By End User Industry

7.3.5. South Korea Gas Engine Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Fuel Type

7.3.5.2.2. By Power Output

7.3.5.2.3. By Technology

7.3.5.2.4. By End User Industry

8. Europe Gas Engine Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Fuel Type

8.2.2. By Power Output

8.2.3. By Technology

8.2.4. By End User Industry

8.2.5. By Country

8.3. Europe: Country Analysis

8.3.1. France Gas Engine Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Fuel Type

8.3.1.2.2. By Power Output

8.3.1.2.3. By Technology

8.3.1.2.4. By End User Industry

8.3.2. Germany Gas Engine Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Fuel Type

8.3.2.2.2. By Power Output

8.3.2.2.3. By Technology

8.3.2.2.4. By End User Industry

8.3.3. United Kingdom Gas Engine Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Fuel Type

8.3.3.2.2. By Power Output

8.3.3.2.3. By Technology

8.3.3.2.4. By End User Industry

8.3.4. Italy Gas Engine Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Fuel Type

8.3.4.2.2. By Power Output

8.3.4.2.3. By Technology

8.3.4.2.4. By End User Industry

8.3.5. Spain Gas Engine Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Fuel Type

8.3.5.2.2. By Power Output

8.3.5.2.3. By Technology

8.3.5.2.4. By End User Industry

9. North America Gas Engine Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Fuel Type

9.2.2. By Power Output

9.2.3. By Technology

9.2.4. By End User Industry

9.2.5. By Country

9.3. North America: Country Analysis

9.3.1. United States Gas Engine Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Fuel Type

9.3.1.2.2. By Power Output

9.3.1.2.3. By Technology

9.3.1.2.4. By End User Industry

9.3.2. Mexico Gas Engine Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Fuel Type

9.3.2.2.2. By Power Output

9.3.2.2.3. By Technology

9.3.2.2.4. By End User Industry

9.3.3. Canada Gas Engine Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Fuel Type

9.3.3.2.2. By Power Output

9.3.3.2.3. By Technology

9.3.3.2.4. By End User Industry

10. South America Gas Engine Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Fuel Type

10.2.2. By Power Output

10.2.3. By Technology

10.2.4. By End User Industry

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Gas Engine Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Fuel Type

10.3.1.2.2. By Power Output

10.3.1.2.3. By Technology

10.3.1.2.4. By End User Industry

10.3.2. Argentina Gas Engine Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Fuel Type

10.3.2.2.2. By Power Output

10.3.2.2.3. By Technology

10.3.2.2.4. By End User Industry

10.3.3. Colombia Gas Engine Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Fuel Type

10.3.3.2.2. By Power Output

10.3.3.2.3. By Technology

10.3.3.2.4. By End User Industry

11. Middle East and Africa Gas Engine Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Fuel Type

11.2.2. By Power Output

11.2.3. By Technology

11.2.4. By End User Industry

11.2.5. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Gas Engine Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Fuel Type

11.3.1.2.2. By Power Output

11.3.1.2.3. By Technology

11.3.1.2.4. By End User Industry

11.3.2. Saudi Arabia Gas Engine Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Fuel Type

11.3.2.2.2. By Power Output

11.3.2.2.3. By Technology

11.3.2.2.4. By End User Industry

11.3.3. UAE Gas Engine Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Fuel Type

11.3.3.2.2. By Power Output

11.3.3.2.3. By Technology

11.3.3.2.4. By End User Industry

11.3.4. Kuwait Gas Engine Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Fuel Type

11.3.4.2.2. By Power Output

11.3.4.2.3. By Technology

11.3.4.2.4. By End User Industry

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Caterpillar Inc.

14.2. General Electric Company

14.3. Rolls-Royce Holdings plc

14.4. Cummins Inc.

14.5. Siemens AG

14.6. Mitsubishi Heavy Industries

14.7. Kawasaki Heavy Industries

14.8. Hyundai Heavy Industries

14.9. MAN SE

14.10. INNIO

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the factors driving the growth of global gas engine market?

Increasing use of gas engines in power industry is expected to drive the growth of global gas engine market.

What are the major segments in global gas engine market?

The global gas engine market is segmented based on fuel type, power output, application, end user industry, company and region.

Which segment is expected to hold the largest share in global gas engine market during forecast period?

Based on regional analysis, North America is expected to hold the largest share in global gas engine market during forecast period.

Who are the key players operating in the global gas engine market?

The major players operating in the global gas engine market are Caterpillar Inc., General Electric Company, Rolls-Royce Holdings plc, Cummins Inc., Siemens AG, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Hyundai Heavy Industries, MAN SE, INNIO and others.

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