Gas Engines Market Size, Share, Analysis of Growth Strategies Adopted by Major Players, Study with focus on Company Profile | Industry Development Analysis, End Users and Regional Outlook To 2023

Gas Engines Market Highlights:-

Gas engines are predominantly used in industrial applications, owing to their extreme reliability and the lesser fuel usage than diesel engines. Gas engines are mainly used as heavy-duty industrial engine for power generation. Continuous power supply enables industrial and commercial organizations to work without any loss in productivity. Gas engines also ensure safe operations by the implementation of safety valves, forces purging (ventilation) and modern electronic detection integrated system for back-pressure control and detection of misfiring and are also a reliable source of energy for manufacturing and oil & gas industries.

The Gas Engine Market is expected to grow at a CAGR of 7% during the forecast period.

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Global Oilfield Equipment Rental Services Market Top Key Players:-

• General Electric Company
• Caterpillar Inc.
• Wärtsilä
• Rolls-Royce Holdings plc
• Cummins Inc.
• Siemens AG
• Man SE
• Deutz AG

Study Objectives of Global Gas Engines Market:

• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global gas engines market
• To provide insights about factors affecting the market growth
• To analyze the global gas engines market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by material type, product, application and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the gas engines market

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Power Generation segment is expected to hold the largest share in the gas engines market from 2017-2023:-

The increasing electricity demand around the world and replacement of coal-fired power plants with natural gas power plants, is accounting for the largest share for power generation segment in gas engine market. As the prices of natural gas are lowering currently and subsequent withdrawal of coal-fired power plants around the world are boosting the gas engine power generation segment. Several economies are focusing on the expansion of their power generation grids by building natural gas power plants, which in turn, will increase the overall market share of power generation segment in global gas engine market.

Intended Audience:

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government :as well as Independent Regulatory Authorities

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This release was published on openPR.