Press release
Natural Gas Engine Market Forecast: Industrial, Automotive & Decentralized Energy | Top Companies are Wärtsilä, IHI Power Systems Co., Caterpillar.
According to DMI analysis, the global natural gas engine market reached US$5.34 billion in 2023, rising to US$5.66 billion in 2024 and is expected to reach US$8.97 billion by 2032, growing at a strong CAGR of 5.9% during the forecast period from 2025 to 2032.According to DataM Intelligence has published a new research report on "Natural Gas Engine Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
A natural gas engine is an internal combustion engine designed to run on compressed natural gas (CNG) or liquefied natural gas (LNG) instead of conventional gasoline or diesel. These engines offer lower greenhouse gas emissions, reduced particulate matter, quieter operation, and cost efficiency, making them popular for power generation, commercial vehicles, buses, and industrial applications.
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➣ Recent Developments:
United States: Recent Industry Developments
✅ In July 2025, U.S. manufacturers launched high-efficiency natural gas engines for heavy-duty trucks and commercial fleets, reducing CO2 emissions and fuel costs.
✅ In June 2025, natural gas engines were integrated into distributed power generation systems for industrial and municipal applications.
✅ In May 2025, fleet operators adopted dual-fuel natural gas engines to improve flexibility and meet clean air regulations.
Europe: Recent Industry Developments
✅ In July 2025, European bus operators upgraded fleets with CNG-powered engines to comply with EU emission standards and low-emission zones.
✅ In June 2025, manufacturers introduced biogas-compatible natural gas engines to support renewable energy initiatives in agriculture and waste-to-energy sectors.
✅ In May 2025, industrial natural gas engines were deployed in combined heat and power (CHP) systems for energy-efficient manufacturing facilities.
Asia-Pacific: Recent Industry Developments
✅ In July 2025, China and India expanded adoption of natural gas engines in commercial vehicles and heavy-duty trucks to reduce urban air pollution.
✅ In June 2025, natural gas engines were incorporated into power backup and microgrid systems across Southeast Asia.
✅ In May 2025, Japan and South Korea advanced high-efficiency LNG engines for marine and industrial power applications.
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➣ Top Industry Players:
Doosan corporation, Cummins inc, Guangdong honny power-tech co., Yanmar holdings co., ltd, Westport Fuel Systems Inc, Wärtsilä, IHI Power Systems Co., Caterpillar, MAN SE Siemens, Rolls-Royce plc, Liebherr, Innio, Kawasaki Heavy Industries, Jfe Engineering Corporation, Mitsubishi Heavy Industries, Deutz Ag and among others.
➣ Market Segments:
By Type: Spark Ignited Engines, Dual fuel Engines, High-Pressure Direct Injection.
By Power Output: 500 KW - 800 KW, 1000 KW - 2000 KW, 3000 KW - 4500 KW.
By Horsepower: Up to 1000 HP, 1000-2000 HP, Above 2000 HP.
By Application: Decentralized Energy Generation, Natural Gas Gensets, Natural Gas Automotive, Others.
By End-user: Hospital Pharmacies, Manufacturing industries, Utilities, Oil & Gas, Mining, Petrochemicals, Others.
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Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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