Gas Engines Market Estimated to Post a CAGR of 7% during 2017 to 2023

Market Highlights:

Market Research Future published a half cooked research report on Global Gas Engines Market. The Gas Engines Market is expected to grow over the CAGR of around 7% during the period 2017 to 2023.

The need for continuous uninterrupted power supply is growing because of the worldwide rise in population and rapid industrialization. Power outages can severely affect productivity and the daily lives of people. This is driving the market for gas engines, which act as reliable power solution with economic operations and less emission.

The gas engines market in the European region is expected to grow the fastest during the forecast period. The presence of ample gas in North Sea & nearby regions and growing investments into gas-fired power generation to meet the rising demand for power in the region has created a positive environment for the growth of gas engine market.

Key Players:

The key players of global gas engines markets are General Electric Company (U.S.), Caterpillar Inc. (U.S.), Wärtsilä (Finland), Rolls-Royce Holdings plc (U.K), Cummins Inc. (U.S), Siemens AG (Germany), Man SE (Germany), Kawasaki Heavy Industries, Ltd. (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), Deutz AG (Germany), Yanmar Co., Ltd. (Japan) and Doosan Infracore (South Korea).

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Market Research Analysis:

Europe region is Expected to Grow at the Fastest Rate:

In 2017, Europe accounted for the highest market share in gas engine market. This is due to growing conversion of conventional coal-fired power plants into gas-fired power plants. The exploration of new shale gas in Norwegian continental shelf and growing investment towards gas-powered generation to meet the rising demand for power, will drive gas engine market in this region.

Scope of the Report:

This study provides an overview of the global gas engines market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

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The scope of the study segments the global gas engines market by its fuel type, application, by power, by end user and by regions.

• By Fuel Type:

o Natural Gas
o Special Gas
o Others

• By Application

o Power Generation
o Co-Generation
o Continuous power
o Others

• By Power

o 0.5 MW-1.0 MW
o MW -2.0 MW
o MW-5.0 MW
o 5.0 MW-10.0 MW
o 10.0 MW-20.0 MW

• By End users

o Utilities
o Manufacturing
o Oil & Gas
o Others

• By Regions

o North America
o Asia Pacific
o Europe
o Rest of the World

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Market Research Future
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Email: akash.anand@marketresearchfuture.com

This release was published on openPR.