Market Size (2018)
$3.84B
Market Research Report
Gas Engine Market
Gas Engine Market Research Report: Size, Share, Trend Analysis Fuel type (Natural Gas, Special Gas, Others), Horsepower (Up to 1000 HP, 1000 HP-2000 HP, Above 2000 HP), Application (Power Generation, Cogeneration, Mechanical Drive, Application_Others), End-use (Utilities, Manufacturing, Oil & Gas, Mining, End-use_Others), Power output (Up to 1 MW, 1 MW-2 MW, 2 MW-5 MW, 5 MW- 10 MW, 10 MW- 20 MW) and By Region (Asia Pacific, South America, Europe, North America, Middle East and Africa) - Growth Outlook & Industry Forecast To 2025
Vertical: EnPBase Year: 201810 Sections
Executive Summary
Gas Engine Market — Snapshot
Projected (2025)
$5.62B
CAGR (2017–2025)
5.5%
Key Players
10+
The demand for gas engines is growing rapidly in the global market owing to various factors, including the rising shift towards gas-fired power generation and the increasing focus on carbon emission reduction targets.
The global gas engines market is projected to grow at 5.71% CAGR during the forecast period, 2019–2025. In 2018, the global gas engines market was dominated by Europe with a 32.14% share, followed by North America and Asia-Pacific with shares of 22.97% and 20.30%, respectively.
The global gas engines market has been segmented based on fuel type, power output, horsepower, application, end-use, and region. On the basis of fuel type, the global gas engines market has been segmented into natural gas, special gas, and others. The special gas segment is expected to grow at a faster rate during the forecast period. In 2018, the natural gas segment held a share of 67.23% of the global gas engines market.
On the basis of power output, the global gas engines market has been segmented as up to 1 MW, 1–2 MW, 2–5 MW, 5–10 MW, and 10–20 MW. The 1–2 MW segment is expected to grow at a faster rate during the forecast period. In 2018, the up to 1 MW segment held a share of 34.40% in the global gas engines market.
On the basis of horsepower, the global gas engines market has been segmented as Up to 1000 HP, 1000-2000 HP, and above 2000 HP. The up to 1000 HP segment is expected to grow at a faster rate during the forecast period. In 2018, the 1000–2000 HP segment held a 37.23% share of the global gas engines market.
On the basis of application, the global gas engines market has been segmented into power generation, cogeneration, mechanical drive, and others. The cogeneration segment is expected to grow at a faster rate during the forecast period. In 2018, the power generation segment held a 41.01% share of the global gas engines market.
On the basis of end-use, the global gas engines market has been segmented into utilities, manufacturing, oil & gas, mining, and others. The utilities segment is expected to grow at a faster rate during the forecast period. In 2018, the utilities segment held a share of 45.36% in the global gas engines market.
Key Insight
The Gas Engine Market market is projected to grow at a CAGR of 5.5% from 2017 to 2025.
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What this report covers
- Geographic Coverage: This analysis covers 5 regions: Asia Pacific, South America, Europe, North America, Middle East and Africa.
- Market Segmentation: The market is analyzed across 3 segments: Natural Gas, Special Gas, Others. Forecasts are provided for each segment from 2017 to 2025.
- Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.
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