Press release
Gas Engines Market Size to Reach $5.8 Billion by 2027
The global Gas Engines Market size will grow to USD 5.8 billion by 2027 from USD 4.8 billion in 2022, at a CAGR of 4.1% during the forecast period. Rising demand for clean and efficient power generation technology, increase in the use of distributed power generation systems, and stricter emission regulations are the driving factors for the Gas Engines Market, globally.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=54641802
Global energy consumption has increased significantly in the past decade. This rise can be attributed to the growing economies of Asia Pacific. Furthermore, natural gas is often seen as a transition fuel to meet energy demands as economies shift to renewables and other clean energy solutions. Natural gas-fired power plants are cheap and easier to build. These power plants emit a negligible amount of carbon monoxide (CO), carbon dioxide (CO2), sulfur oxide (SO), and nitrogen oxide (NO) compared to oil and coal-fired power plants. Gas-fired power plants are economical and emit lesser carbons than coal-fired power plants. Coal-fired power plants' emissions also cause smog and reduce visibility. Thus, most coal-fired power plants will be replaced by gas-fired power plants which utilize gas engines, leading to the growth of the Gas Engines Market.
Utilities is expected to be the largest segment in the gas engines market
The largest share of the Gas Engines Market in 2021 was held by the utilities segment. The power produced by utilities can power local facilities or exported to local electricity grids. Utilities deploy gas engines to meet the peak load requirement and provide emergency backup solutions to prevent blackout in case of a malfunction of the main power plant. The application of cogeneration or combined heat and power (CHP) technology also helps increase the overall efficiency of the power plants. The increasing demand for power, thus, is expected to create favourable circumstances for the growth of the Gas Engines Market during the forecast period.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=54641802
Asia Pacific likely to emerge as the largest gas engines market
The Asia Pacific region, as a whole, is experiencing rapid development and growth fueled by the growth of major economies such as China, India, Indonesia, Thailand, Vietnam, and other economies. The major end users for gas engines in the APAC include utilities, oil & gas, manufacturing, marine, and sewage treatment industries. The demand for power generation is witnessing an upward trend with the rising population and economic growth in China and India. The region is moving toward clean energy on a large scale to efficiently meet the growing energy needs. The continued growth in Asia Pacific in almost all the major industrial sectors and the resulting demand for efficient and clean power generation technologies, and the replacement of aging power generation infrastructure and conversion of coal-based power plants to gas based ones will drive the growth for gas engines in the region.
The Gas Engines Market is dominated by a few major players that have a wide regional presence. The leading players in the Gas Engines Market are Caterpillar (US), Wärtsilä (Finland), Rolls-Royce Holdings (UK), Volkswagen (MAN Energy Solutions) (Germany), Siemens Energy (Germany), INNIO (Austria), Cummins (US), Mitsubishi Heavy Industries, Ltd. (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Ningbo C.S.I Power & Machinery Group Co., Ltd. (China), IHI Power Systems (Japan), JFE Engineering Corporation (Japan), Liebherr (Germany), Hyundai Heavy Industries Co., Ltd. (South Kore), Jinan Lvneng Power Machinery Equipment Co., Ltd. (China), R Schmitt Enertec (Germany), CNPC Jichai Power Complex (China), Fairbanks Morse (US), Googol Engine Tech (US), Baudouin (France), and others.
Content Source: https://www.marketsandmarkets.com/PressReleases/gas-engine.asp
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
About MarketsandMarkets™:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gas Engines Market Size to Reach $5.8 Billion by 2027 here
News-ID: 2607921 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Engine
Global Vehicle Production Drives Growth In Vehicle Engine And Engine Parts Marke …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Vehicle Engine And Engine Parts Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size for vehicle engines and engine parts has seen substantial growth. Predictions point to an increase from $459.63 billion in 2024 to $493.89 billion in…
Evolving Market Trends In The Vehicle Engine And Engine Parts Industry: Declinin …
The Vehicle Engine And Engine Parts Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Vehicle Engine And Engine Parts Market Size During the Forecast Period?
The vehicle engine and engine parts market has experienced substantial growth in recent years. It is expected…
What's Driving the Vehicle Engine And Engine Parts Market 2025-2034: Global Vehi …
What Are the Projections for the Size and Growth Rate of the Vehicle Engine And Engine Parts Market?
In recent times, the market size for vehicle engines and their parts has seen considerable growth. Projected growth indicates an increase from $459.63 billion in 2024 to $493.89 billion the following year, with a compound annual growth rate (CAGR) of 7.5%. Several factors contributed to this growth over the historical period, including the…
What's Driving the Vehicle Engine And Engine Parts Market 2025-2034: Global Vehi …
What Are the Projections for the Size and Growth Rate of the Vehicle Engine And Engine Parts Market?
In recent times, the market size for vehicle engines and their parts has seen considerable growth. Projected growth indicates an increase from $459.63 billion in 2024 to $493.89 billion the following year, with a compound annual growth rate (CAGR) of 7.5%. Several factors contributed to this growth over the historical period, including the…
Global Aero-engine Market Study 2019-2025 by Segment (Piston Engine, Gas Turbine …
MarketResearchNest Reports adds “Global Aero-engine Market Study 2015-2025, by Segment (Piston Engine, Gas Turbine Engine, Other Engine), by Market (Commercial Aircrafts, Military AircraftsGas Turbine Engine), by Company (Pratt & Whitney, GE, Rolls-Royce)” new report to its research database. The report spread across 67 pages with multiple tables and figures in it.
Snapshot
An aero-engine or aircraft engine is the component of the propulsion system for an aircraft that generates mechanical power.…
Aircraft Engine Fuel Systems Market Report 2018: Segmentation by Type (Jet Engin …
Global Aircraft Engine Fuel Systems market research report provides company profile for Triumph Group, GKN Plc, Honeywell International, Zodiac Aerospace, Meggitt, Eaton Corporation, Parker Hannifin, United Technologies and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…