Surging Natural Gas Utilization In Power Generation Fuels Growth Of The Gas Engine Market: A Key Driver Powering Gas Engines Market Growth In 2025

The Gas Engines 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].

How Big Is the Gas Engines Market Size Expected to Be by 2034?
In recent times, the gas engines market has experienced considerable growth. The market is expected to expand from $5.19 billion in 2024 to $5.46 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.1%. The substantial growth in the past is attributed to factors such as the increase in energy demand, the plentiful supply of natural gas, environmental regulations, decentralization of energy generation, industrial usages, along with flexibility and speedy start-up capabilities.

The gas engines market is anticipated to witness robust expansion in the forthcoming years, with the market size projected to reach $6.8 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.6%. Factors contributing to this growth during the forecast period include the shift to renewable energy, enhanced emphasis on distributed generation, economic practicality, rural electrification and cogeneration in commercial structures, as well as the retrofitting of current infrastructure. Digitalization and smart controls, technologies for reducing emissions, engines running on LNG, integration of energy storage, and hydrogen-fueled gas engines are expected to emerge as the major trends during the forecast period.

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How Are Emerging Segments Shaping the Gas Engines Market Landscape?
The gas engines market covered in this report is segmented -

1) By Fuel Type: Natural Gas, Special Gas, Other Fuel Type
2) By Power Output: 1-2 MW, 2-5 MW, 5-15 MW, Above 15 MW
3) By Application: Power Generation, Mechanical Drive, Cogenerations, Other Applications
4) By End User: Utilities, Marine, Oil And Gas, Manufacturing, Other End Users

Subsegments:
1) By Natural Gas: Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG)
2) By Special Gas: Biogas, Landfill Gas, Synthesis Gas
3) By Other Fuel Types: Propane, Hydrogen

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Which Growth Factors Are Influencing Gas Engines Market Expansion?
The increasing use of natural gas in power production is likely to fuel the growth of the gas engine market in the future. Power generation includes electricity created from various sources, including fossil fuels, nuclear energy plants, and hydropower, which encompasses power produced in combined heat and power facilities as well as electricity-only ones. The modularity and high cost-efficiency of gas engines offer an ideal response to steady power needs. Consequently, the rising application of natural gas in power production raises the demand for the gas engine market. For example, data from the International Energy Agency, a French-based energy authority, revealed in December 2023 that for the first time on August 28, 2023, natural gas covered more than 50% of the electricity demand in the U.S., increasing its share of the power mix from 40% to 45% over the previous two years. This escalating use of natural gas in power generation thus propels the gas engine market.

Who Are the Dominant Players Across Different Gas Engines Market Segments?
Major companies operating in the gas engines market include Caterpillar Inc., Cummins Inc., Wartsila Oyj Abp, Mitsubishi Heavy Industries Ltd., Hyundai Heavy Industries Co. Ltd., Maschinenfabrik Augsburg-Nürnberg AG, General Electric Company, Kawasaki Heavy Industries Ltd., Liebherr-International AG, Kohler Co., Yanmar Co. Ltd., Perkins Engines Company Limited, Doosan Group, INNIO Jenbacher GmbH & Co. OG, Deutz AG, Guascor Power, Dresser-Rand, Motoren- und Turbinen-Union Friedrichshafen GmbH, Fairbanks Morse LLC, Jinan Lvneng Power Machinery Equipment Co. Ltd., Ningbo C.S.I. Power & Machinery Group Co. Ltd., Baudouin, CNPC Jichai Power Complex, Googol Engine Tech Co. Ltd., Liquid Combustion Technology LLC, Lombardini Srl, Chongqing Winyou Power Co Ltd., Briggs & Stratton Corporation, Honda Motor Co Ltd., Yamaha Motor Corporation, KUBOTA Corporation, Generac Power Systems Inc.

What Are the Latest Developing Trends in the Gas Engines Market?
The primary trend gaining traction in the gas engine market is technological innovation. The leading competitors in this market are leveraging the power of technology to enhance the functionality of gas engines to keep pace with contemporary energy and power demands. For instance, a China-based diesel and gas engines manufacturer, The Weichai Group, in November 2022, launched a groundbreaking commercial natural gas engine. This engine stands as a world pioneer with its brake thermal efficiency (BTE) of 54.16%, made possible by the use of Westport high-pressure direct injection (HPDI) technology. With a unique, technically advancements, this gas engine has been revamped using low friction and high thermal efficiency technology, similar to those used in diesel engines.

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Which Geographic Regions Are Expected to Dominate the Gas Engines Market in the Coming Years?
North America was the largest region in the gas engines market in 2024. The regions covered in the gas engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gas Engines Market?
2. What is the CAGR expected in the Gas Engines Market?
3. What Are the Key Innovations Transforming the Gas Engines Industry?
4. Which Region Is Leading the Gas Engines Market?

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