Gas Engine Market By Fuel Type (Natural Gas, Special Gas, Others), By Power Output (0.5–1 MW, 1–2 MW, 2–5 MW, 5–10 MW, 10–20 MW), By Application (Power Generation, Cogeneration, Mechanical Drive, Others), By End User Industry (Oil & Gas, Energy & Utilities, Manufacturing & Engineering, Others), By Company, By Region, Forecast & Opportunities, 2027

Global gas engine market is expected to grow at a steady rate during the forecast period. The global gas engine market is driven by the growing need to generate cleaner forms of energy. Additionally, supportive government policies & schemes for emission control on account of the growing environmental concerns are further expected to propel the market growth through 2027. Furthermore, technological advancements coupled with new product launches by major players operating in the market is expected to create lucrative opportunities for the market growth through 2027. However, the gas engines get heated too fast this can hamper the market growth during forecast period.

The global gas engine market is segmented based on fuel type, power output, application, end user industry, company and region. Based on fuel type, the market can be categorized into natural gas, special gas and others. The natural gas segment is expected to dominate the market on account of the increasing use of natural gas in base load power generation and combined heat & power applications.

Regionally, the gas engine market

The major players operating in the gas engine market are Caterpillar Inc., General Electric Company, Rolls-Royce Holdings plc, Cummins Inc., Siemens AG, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, Hyundai Heavy Industries, MAN SE, INNIO and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study

• To analyze and estimate the market size of global gas engine market from 2017 to 2020.
• To estimate and forecast the market size of global gas engine market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast global gas engine market based on fuel type, power output, application, end user industry, company and regional distribution.
• To identify dominant region or segment in the global gas engine market.
• To identify drivers and challenges for global gas engine market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global gas engine market.
• To identify and analyze the profile of leading players operating in global gas engine market.
• To identify key sustainable strategies adopted by market players in global gas engine market.

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

Market insights research calculated the market size of

Key Target Audience

• Gas Engine manufacturers/ suppliers/ distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to gas engine

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.