Gas Engine Market Segmentation:
Fuel Type Segment Analysis
The natural gas segment in the gas engine market is expected to account for a significant revenue share by 2035. The segment growth is primarily attributable to its widespread use as a source of energy across several end use industries such as power generation, heating, and transportation. According to the International Energy Agency (IEA), an intergovernmental organization in France, the natural consumption in 2022 was 4,084 billion cubic meters (bcm) in 2022 and is expected to reach 4,242 billion cubic meters (bcm) by the end of 2025.
Power Output Segment Analysis
The more than 500 kW segment in the gas engine market is expected to record significant growth rate during the forthcoming years. Gas engines with a power output of more than 500 kW are commonly used as they offer the necessary power capacity, efficiency, flexibility, and reliability for industrial, utility-scale, and large-scale applications where significant amounts of electricity and heat are required.
Our in-depth analysis of the global market includes the following segments:
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Fuel Type |
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Power Output |
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Application |
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End User |
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