Global Gas Engine Industry 2018 Market Research Report, Popular Trends & Technological Advancements, Forecast & Opportunities

The latest report has been added to the wide database of Gas Engine Market by Infinium Global Research. This report studies the Gas Engine Market by fuel type (natural gas, special gas), power output (0.5 MW–1 MW, 1 MW–2 MW, 2 MW–5 MW, 5 MW–10 MW, 10 MW–20 MW), application (co-generation, power generation), end-user (utilities, manufacturing, oil, gas) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Gas Engine Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Gas Engine Market. The global gas engine market is projected to grow at a CAGR of 6.5% over the forecast period of 2018 - 2024.

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Gas Engine Market: Industry Insights

Gas Engine is the internal-combustion engine which is much similar to gasoline engines, but the difference is the natural gas is used in the gas engine instead of gasoline vapors. Gas engine runs on the gas fuels, such as natural gas, biogas, producer gas, landfill gas, and coal gas. Venturi system is used in the gas engines to introduce gas into the air flow. Gas engines usually have medium speed, while biogas engines have slightly low efficiency.

Gas Engine Market: Drivers and Restraints

Increasing demand for efficient and clean power generation technology is the driving factor for the growth of the global gas engine market. Government spending fund and taking initiative in the greenhouse for the reduction of carbon emission in the environment is also a growth factor for the gas engine market. Surging concern related to the cost and supply of natural gas in trade from different regions may hamper the growth of the gas engine market.

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Gas Engine Market: Segmentation

Global Gas Engine market is segmented on the basis of fuel type, power output, applications, and end-user. Fuel type is segmented into Natural Gas, Special Gas and Other fuel types in which natural gas segment holds the highest market in the global gas engine market because of demand in low carbon emission and lower in cost tend to grow in the market. By power output, the market is segmented into 0.5 MW–1 MW, 1 MW–2 MW, 2 MW–5 MW, 5 MW–10 MW and 10 MW–20 MW in which 1 MW–2 MW is dominant in the gas engine market. Applications are segmented into Co-generation, Power Generation and Other applications of which co-generation dominates the global Gas Engine market due to higher efficiency for electricity generation purpose. By end-user, the market is bifurcated into Utilities, Manufacturing, Oil & Gas and Other end users in the global gas engine market.

Gas Engine Market: Regional Insights

Global Gas Engine market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). Europe is dominant in the Global Gas Engine Market because of strict government emission regulation and growing awareness for the environment are the factors driving the growth of the gas engine market. Asia-Pacific is expected to grow with the highest CAGR during 2018-2025, due to increasing consumption and production of natural gas. North America holds the second position followed by Europe in the global gas engine market. In North America, the U.S holds highest market share followed by Canada and Mexico.

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Gas Engine Market: Competitive Analysis

The Global Gas Engine Market comprise with the major players, Caterpillar, Inc., General Electric Company, Rolls-Royce Holdings Plc, Wärtsilä Corporation, Siemens AG, Mitsubishi Heavy Industries, Ltd., MAN SE, Cummins Inc., JFE Holdings, Inc. and Kawasaki Heavy Industries, Ltd.. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.

Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the Gas Engine.

• Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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