Gas Engine Market worth 4.76 Billion USD by 2022

The global gas engine market is expected to grow at a CAGR of 6.12%, from 2017 to 2022, to reach a projected USD 4.76 Billion by 2022. The growth will be mainly driven by an increase in the demand for clean power generation across globe.

seattle, United States – September 1, 2017 /MarketersMedia/ —

The “Gas Engines Market” on the basis of end-user industry into utilities, oil & gas, manufacturing, and others. Others include commercial complex, hospitals, wastewater treatment plants and the greenhouse industry. The utilities segment is projected to lead the market in terms of growth rate during the forecast period.

Based on fuel type, the gas engine market is categorized into natural gas, special gas, and others. The co-generation application is estimated to constitute the fastest growing segment in the market. Gas engine-fired power plants operating in co-generation mode are highly efficient, and are therefore expected to register the highest growth rate from 2017 to 2022.

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The Global Gas Engines Market is projected to grow at a CAGR of 6.12% from 2017 to 2022, to reach a market size of USD 4.76 Billion by 2022. This growth is attributed to the drop in natural gas prices and growing environmental concerns across the globe.

In this report, the gas engines market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Europe is expected to dominate the global gas engines market during the forecast period, owing to its stringent emission regulations, low fuel cost, and growing environmental concerns.

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Objectives of the Study:
• To define, describe, and forecast the global gas engines market by fuel type, electrical output, application, end-user, and region
• To provide detailed information regarding major factors influencing the growth of the gas engines market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues related to the market)
• To strategically analyze the gas engines market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the gas engines market

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Scope of the Report:
• By Fuel Type
o Natural Gas
o Special Gas
o Others

• By Application
o Electricity Generation
o Co-generation
o Others

• By End-User
o Utilities
o Oil & Gas
o Manufacturing
o Others

Target Audience:
• Gas engine manufacturers, dealers, and suppliers
• Oil companies
• Public and private operators of natural gas-fired power plants
• Petroleum companies (diesel and natural gas suppliers)

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Top Key Player:
The Leading Players in the gas engines market include General Electric Company (U.S.), Wartsila Corporation (Finland), Caterpillar Inc. (U.S.), Rolls-Royce Holdings plc (U.K.), MAN SE (Germany), Cummins Inc. (U.S.), Deutz AG (Germany), Doosan Infracore (South Korea), and Kawasaki Heavy Industries, Ltd. (Japan).

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Source: MarketersMedia

Release ID: 235691