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Gas Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global gas engine market reached a value of US$ 5.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.74 Billion by 2027, exhibiting a CAGR of 4.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Gas engines refer to internal combustion engines that operate on various gaseous fuels, such as natural gas, coal gas, producer gas, and biogas. They consist of a fixed cylinder and a moving piston and are widely used as heavy-duty industrial engines capable of running at full load continuously. They can power automobiles, light trucks, medium-to-large motorcycles, and lawn mowers. Gas engines are more efficient, cost-effective, and reliable than their traditional counterparts that utilized an ignition source, such as a spark or small amount of pilot fuel. They also offer high electrical and thermal efficiency, low maintenance and operation costs, and environmental benefits. As a result, gas engines are rapidly gaining traction across numerous industries, including power generation, manufacturing, oil and gas, utilities, and transportation.

 

 
 

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Gas Engine Market Trends:

The rising need for clean and efficient power generation technology represents the primary factor driving the market growth. Besides this, the escalating demand for electricity due to rapid industrialization and urbanization, growing population, and infrastructure development has accelerated the adoption of gas engines in electric utilities to handle peak load demand effectively. Additionally, governments of various countries are taking favorable initiatives, such as the implementation of stringent regulations, for minimizing greenhouse gas (GHG) emissions and air pollution. Along with this, the rising environmental concerns and the shifting preferences toward renewable energy sources among the masses are propelling the market growth. Furthermore, the leading manufacturers are making heavy investments in research and development (R&D) activities to launch innovative gas engines to meet the need for higher power outputs and diesel engine standards. Other factors, including the emerging applications in the aerospace industry, easy availability of natural gas, and growing focus toward gas engine-based power plants and distributed power generation, are also anticipated to create a positive market outlook in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global gas engine market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on fuel type, power output, application and industry vertical.

Breakup by Fuel Type:

 

 
 

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  • Natural Gas
  • Special Gas
  • Others
     

Breakup by Power Output:

  • 0.5-1 MW
  • 1-2 MW
  • 2-5 MW
  • 5-10 MW
  • 10-20 MW
     

Breakup by Application:

  • Mechanical Drive
  • Power Generation
  • Cogeneration
  • Others
     

Breakup by Industry Vertical:

  • Utilities
  • Manufacturing
  • Oil and Gas
  • Mining
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Caterpillar Inc., China Yuchai International Limited, Cummins Inc., Doosan Corporation, General Electric Company, Hyundai Heavy Industries Co. Ltd., JFE Holdings Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Siemens AG, Volkswagen AG and Wärtsilä Oyj Abp.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Fuel Type, Power Output, Application, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Caterpillar Inc., China Yuchai International Limited, Cummins Inc., Doosan Corporation, General Electric Company, Hyundai Heavy Industries Co. Ltd., JFE Holdings Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Siemens AG, Volkswagen AG and Wärtsilä Oyj Abp.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global gas engine market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global gas engine market?
  • What are the key regional markets?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the power output?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global gas engine market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Gas Engine Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Fuel Type
    6.1    Natural Gas
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Special Gas
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Power Output
    7.1    0.5-1 MW
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    1-2 MW
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    2-5 MW
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    5-10 MW
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    10-20 MW
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Application
    8.1    Mechanical Drive
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Power Generation
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Cogeneration
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Industry Vertical
    9.1    Utilities
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Manufacturing
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Oil and Gas
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Mining
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Caterpillar Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    China Yuchai International Limited
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    Cummins Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Doosan Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    General Electric Company
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Hyundai Heavy Industries Co. Ltd.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    JFE Holdings Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Kawasaki Heavy Industries Ltd.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Mitsubishi Heavy Industries Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Rolls-Royce plc
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Siemens AG
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Volkswagen AG
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    Wärtsilä Oyj Abp
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Gas Engine Market: Major Drivers and Challenges
Figure 2: Global: Gas Engine Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Gas Engine Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Gas Engine Market: Breakup by Fuel Type (in %), 2021
Figure 5: Global: Gas Engine Market: Breakup by Power Output (in %), 2021
Figure 6: Global: Gas Engine Market: Breakup by Application (in %), 2021
Figure 7: Global: Gas Engine Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Gas Engine Market: Breakup by Region (in %), 2021
Figure 9: Global: Gas Engine (Natural Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Gas Engine (Natural Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Gas Engine (Special Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Gas Engine (Special Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Gas Engine (Other Fuel Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Gas Engine (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Gas Engine (0.5-1 MW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Gas Engine (0.5-1 MW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Gas Engine (1-2 MW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Gas Engine (1-2 MW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Gas Engine (2-5 MW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Gas Engine (2-5 MW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Gas Engine (5-10 MW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Gas Engine (5-10 MW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Gas Engine (10-20 MW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Gas Engine (10-20 MW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Gas Engine (Mechanical Drive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Gas Engine (Mechanical Drive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Gas Engine (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Gas Engine (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Gas Engine (Cogeneration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Gas Engine (Cogeneration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Gas Engine (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Gas Engine (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Gas Engine (Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Gas Engine (Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Gas Engine (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Gas Engine (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Gas Engine (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Gas Engine (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Gas Engine (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Gas Engine (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Gas Engine (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Gas Engine (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Gas Engine Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Gas Engine Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Gas Engine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Global: Gas Engine Industry: SWOT Analysis
Figure 93: Global: Gas Engine Industry: Value Chain Analysis
Figure 94: Global: Gas Engine Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Gas Engine Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Gas Engine Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 3: Global: Gas Engine Market Forecast: Breakup by Power Output (in Million US$), 2022-2027
Table 4: Global: Gas Engine Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Gas Engine Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Gas Engine Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Gas Engine Market: Competitive Structure
Table 8: Global: Gas Engine Market: Key Players


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