Gas Engines Market Report 2022 by Fuel Type, Power Output, Application, and Industry Vertical – IMARC Group – Ripon College Days
According to the latest report from the IMARC group, “Global Gas Engines Market Size, Share, Growth, Trends, Opportunities and Forecast 2022-2027“, the global gas engine market reached a value of US$5.05 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$6.74 billion by 2027, growing at a CAGR of 4.70% in 2022-2027.
Gas engines refer to internal combustion engines that run on many gaseous fuels, such as natural gas, producer gas, coal gas, biogas, etc. They consist of a fixed cylinder and a movable piston. Gas engines are widely used as heavy industrial engines capable of running at full load. They can power light trucks, medium to large motorcycles, lawn mowers, automobiles, etc. Gasoline engines are more efficient, reliable and economical than their traditional counterparts. They also offer excellent electrical and thermal efficiency, low maintenance and operating costs, and improved environmental benefits. As a result, gas engines are gaining traction in various industries including power generation, manufacturing, oil and gas, utilities, transportation, and more.
|Base year: 2021|
|Forecast year: 2022-2027|
Gas Engine Market Trends and Drivers:
The growing need for clean and efficient power generation technologies is mainly driving the gas engine market. Furthermore, increasing electricity requirements are propelling the adoption of gas engines in electric utilities to efficiently handle peak load demand, which further catalyzes the growth of the market.
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Additionally, growing environmental concerns and changing preferences for renewable energy sources are also driving the global market. Also, the development of innovative gas engine variants to meet the need for higher horsepower and improved diesel engine standards is expected to bolster the gas engine market over the forecast period.
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Analysis and segmentation of the global gas engine market 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Caterpillar Inc., China Yuchai International Limited, Cummins Inc., Doosan Corporation, General Electric Company, Hyundai Heavy Industries Co. Ltd., JFE Holdings Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Siemens AG, Volkswagen AG and Wärtsilä Oyj Abp.
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The report has segmented the market based on region, fuel type, power output, application, and industry vertical.
Breakdown by type of fuel:
- Natural gas
- Special gas
Breakdown by output power:
Breakdown by application:
- Mechanical drive
- energy production
Breakdown by vertical industry:
- oil and gas
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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