Gas Engine Market 2020 Segments, Trends, Opportunities, Growth Analysis, Top Companies Industry Overview and Forecast To 2027
Category: #reports  By Sachin Pashte  Date: 2020-03-14
  • share
  • Twitter
  • Facebook
  • LinkedIn

Gas Engine Market 2020 Segments, Trends, Opportunities, Growth Analysis, Top Companies Industry Overview and Forecast To 2027

A detailed analysis by Market Research suggests the global market for gas engines to display an upward trend, with an estimated CAGR of 7.12% over the forecast period 2019 to 2027. The factors driving the gas engine market are the reduction in gas prices, the growing demand for electricity worldwide, the surge in ecological concerns, and the industrial expansion that leads to environmental power generation. Increased preference for distributed power generation and the shift towards gas-fired power plants create positive growth opportunities for the forecast period.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/2487378/?utm_source=marketforecasters&utm_medium=TS

However, the rise in safety concerns and the varying prices of different types of fuels are impeding the growth of the market. Moreover, the depreciation in natural gas reserves and the stringent regulations imposed by authorities are further challenging market growth.

Prominent Players in the Market
The top companies that have been studied in the gas engine market are

  • China Yuchai International Ltd.
  • Kawasaki Heavy Industries, Ltd.
  • Doosan Infracore Co., Ltd.
  • Dresser-Rand Group, Inc.
  • Fairbanks Morse Engine
  • Clarke Energy
  • Mitsubishi Heavy Industries, Ltd.
  • Wärtsilä Corporation
  • General Electric Company (INNIO)
  • 3W-International GmbH
  • Deutz AG
  • Caterpillar Inc.
  • Cummins, Inc.
  • MAN SE
  • Hyundai Heavy Industries Co., Ltd.
  • IHI Corporation.

Caterpillar Inc. manufactures construction & mining equipment, industrial gas turbines, diesel & natural gas engines, and diesel-electric locomotives. The company markets its products under the brands of Caterpillar, EMD, CAT, MaK, FG Wilson, Perkins, MWM, SEM, Progress Rail, and Solar Turbines brands. Caterpillar operates across the regions of North America, Asia-Pacific, North America, the Middle East, Africa, and Europe.

Regional Outlook

The global gas engine market encompasses the regions of Europe, Latin America, North America, the Asia-Pacific, and the Middle East and Africa. Europe is the dominant region in the market for gas engines, globally, and contributed to 39.56% of the global market share in 2018. The increase in demand for clean energy, the usage of natural gas as an alternative to coal, emission targets by the EU, and the temporary closure of nuclear power plants drive the region’s gas engine market.

Germany is the leading market for gas engines in Europe. The phase-out of nuclear & coal power plants; the shift in focus towards the adoption of renewable energy; and stability in the grid network are the factors boosting the country’s gas engine market. Besides, significant development can also be witnessed in other countries in the region, such as, the UK, Austria, Spain, Poland, France, and Turkey.

Table Of Contents

1. Global Gas Engine Market – Summary

2. Industry Outlook

3. Global Gas Engine Market Outlook – By Fuel Type

3.1. Natural Gas

3.2. Special Gas

3.3. Other Gas

4. Global Gas Engine Market Outlook – By Power

4.1. 0.5 Mw-1.0 Mw

4.2. 1.0-2.0 Mw

4.3. 2.0-5.0 Mw

4.4. 5.0 Mw-10.0 Mw

4.5. 10.0 Mw-20.0 Mw

5. Global Gas Engine Market Outlook – By Application

5.1. Power Generation

5.2. Co-Generation

5.3. Other Applications

6. Global Gas Engine Market Outlook – By End-User

6.1. Utilities

6.2. Manufacturing

6.3. Oil & Gas

6.4. Transportation

6.5. Other End-Users

 

More Details on this Report At: https://www.marketstudyreport.com/reports/global-gas-engine-market-2019-2027?utm_source=marketforecasters&utm_medium=TS

It sells its products directly, as well as, with the help of an independent dealer network across the globe. The company’s vast global presence helps it to gain sufficient share in the market. In April 2018, the company entered into an agreement with Minetec for developing and delivering technologies that address challenges encountered during underground hard rock mining.

Related Report:

Global Waste Heat Boiler Market Size Study, by Waste Heat Source (Oil Engine Exhaust, Gas Engine Exhaust, Gas Turbine Exhaust, Incinerator Exit Gases, Kiln & Furnace Gases, Others) by Waste Heat Temperature by Regional Forecasts 2017-2025

Global Waste Heat Boiler Market valued approximately USD 5.1 million in 2016 is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2017-2025. Increasing investments in the construction sector, infrastructure development, and power generation in emerging economies and the growth of industries, such as utilities and manufacturing, are driving the market for waste heat boiler across the world The industries segment of the global waste heat boiler market is expected to hold the largest share of the waste heat boiler market during the forecast period.

https://www.marketstudyreport.com/reports/global-waste-heat-boiler-market-size-research?utm_source=marketforecasters&utm_medium=TS

Related Report:

Tool Steel Market 2020: Size, Growth Rate, Top Players Analysis, Statistics, Industry Insights, Revenue and Forecast 2026

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

 



About Author

Sachin Pashte

Email: [email protected]   

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

Read More

More News By Sachin Pashte

Rotary Tablet Press Machines Market to Witness Growth Acceleration During 2020-2025
Rotary Tablet Press Machines Market to Witness Growth Acceleration During 2020-2025
By Sachin Pashte

The latest Rotary Tablet Press Machines market research added by Market Study Report, LLC, delivers a concise outline regarding the potential factors likely to drive the revenue growth of this industry. The report delivers valuable insights on mar...

Industrial Refractory Pan Mixers Market 2020 In-Depth Analysis of Industry Share, Size, Growth Outlook up to 2025
Industrial Refractory Pan Mixers Market 2020 In-Depth Analysis of Industry Share, Size, Growth Outlook up to 2025
By Sachin Pashte

This report on Industrial Refractory Pan Mixers market Added by Market Study Report, LLC, covers valuable insights based on market valuation, market size, revenue forecast, SWOT Analysis and regional outlook of this industry. The research also pre...

Hygienic Pressure Transmitters Market, Share, Application Analysis, Regional Outlook, Competitive Strategies & Forecast up to 2025
Hygienic Pressure Transmitters Market, Share, Application Analysis, Regional Outlook, Competitive Strategies & Forecast up to 2025
By Sachin Pashte

Market Study Report, LLC, has added a detailed study on the Hygienic Pressure Transmitters market which provides a brief summary of the growth trends influencing the market. The report also includes significant insights pertaining to the profitabi...