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Gas Engine Market With Top Companies Cummins Inc, Siemens AG, Wartsila Corporation In 2025

01-22-2020 01:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Kenneth Research

The Global Gas Engine Market was valued at USD 3.41 billion in 2016 and is projected to reach USD 5.90 billion by 2025, growing at a CAGR of 6.23% from 2017 to 2025.

A Gas Engine is an internal combustion engine which runs on a gas fuel, such as coal gas, producer gas, biogas, landfill gas or natural gas. Benefits of gas engine include – lower maintenance costs, environmentally friendly, flexibility and individuality, efficiency through long overhaul intervals and extended service lives, low emissions improved handling, efficiency, and performance.

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Rising trend of distributed power generation
1.2 Increasing shift toward gas-fired power plants
1.3 Declining natural gas prices
1.4 Carbon emission reduction targets
1.5 Rise in clean and efficient power generation technology
2. Market Restraints
2.1 Limited natural gas reserves
2.2 Infrastructure concerns
2.3 Changing prices

Market Segmentation:
The Global Gas Engine Market is segmented on the power output, fuel type, end user, application, and region.

1. Power Output:
1.1 0.5 MW–1 MW
1.2 1 MW–2 MW
1.3 2 MW–5 MW
1.4 5 MW–10 MW
1.5 10 MW–20 MW

2. By Fuel Type:
2.1 Natural Gas
2.2 Special Gas
2.3 Others

3. By End User:
3.1 Manufacturing
3.2 Oil & Gas
3.3 Utilities
3.4 Others

4. By Application:
4.1 Co-generation
4.2 Power Generation
4.3 Others

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. General Electric Company
2. Wartsila Corporation
3. Cummins Inc.
4. MAN SE
5. Kawasaki Heavy Industries, Ltd.
6. JFE Holdings, Inc.
7. Niigata Power Systems Co., Ltd
8. Caterpillar, Inc.
9. Rolls-Royce Holdings Plc
10. Siemens AG
11. Mitsubishi Heavy Industries, Ltd.
12. Liebherr Group
13. Hyundai Heavy Industries Co., Ltd.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Contact Us

Kenneth Research

Email: Sales@kennethresearch.com

Phone: +1 313 462 0609

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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