Global Gas Engine Market TOC
APAC Market Analysis
The Asia Pacific gas engines market is projected to hold the largest revenue share of 42% by the end of 2037. Rapid industrialization in countries such as China, India, Japan, South Korea, and Southeast Asia has increased the demand for gasoline engines in the Asia-Pacific region. Gas engines play a crucial role in meeting this demand, particularly in electricity generation, gas-fired power plants, including combined cycle power plants that are increasingly being deployed in the region to provide efficient and reliable electricity. Furthermore, the combination of natural gas reserves, supportive initiatives and environmental policies, renewable energy transition, and infrastructure development has created a favorable environment for the adoption and expansion of gas engines in numerous applications such as mechanical drives, power generation, cogeneration, etc. across the globe.
North American Market Forecast
North America gas engines market is slated to grow at substantial rate till 2037. The expansion is being driven mostly by well-established and extensive energy infrastructure, including natural gas pipelines, storage facilities, and distribution networks. The region has abundant natural gas reserves and a long history of gas production and utilization. This infrastructure provides a reliable and readily available supply of natural gas, which is a common fuel for gas engines. the accessibility and reliability of gas infrastructure contribute to the growth and dominance of the market in North America.
Author Credits: Dhruv Bhatia
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