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Gas Engine Market Trends

  • Report ID: 3680
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Global Gas Engine Market TOC

  1. An Introduction to the Research Study
    1. Market Definition
    2. Market Segmentation
    3. Industry Overview
  2. Assumptions & Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. Suppliers/Distributors
      3. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of Market Constituents
    1. Factors/drivers impacting the growth of the market
    2. Market trends for better business practices
    3. Key Market Opportunities for Business Growth
    4. Major Roadblocks for the Market Growth
  6. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  7. Government Regulation: How They Would aid Business
  8. Technology Transition and Adoption Analysis
    1. Internet of Things (IoT)
    2. Dual-Fuel Engines
    3. Turbochargers
  9. Industry Pricing Benchmarking & Analysis
  10. Industry Risk Analysis
  11. Global Economic Outlook: Challenges for Global Recovery and its Impact on Global Gas Engine Market
    1. Ukraine-Russia crisis
    2. Potential US economic slowdown
  12. Industry Value Chain Analysis
  13. Comparative Analysis of Gas Turbine and Gas Engine
  14. Case Study Analysis
  15.  End-User Analysis
  16. Country Demand Analysis
  17. Product Comparative Analysis
  18. Competitive Positioning
  19. Competitive Landscape
  20. Global Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Global Gas Engine Market Segmentation Analysis (2023 -2036
      1. By Fuel Type
        1. Natural Gas, Market Value (USD Million) and CAGR, 2023 -2036 F
        2. Special Gas, Market Value (USD Million) and CAGR, 2023 -2036 F
        3. Others, Market Value (USD Million) and CAGR, 2023 -2036 F
    4. Global Gas Engine Market Segmentation Analysis (2023 -2036
      1. By Power Output
        1. Up to 100 kW, Market Value (USD Million) and CAGR, 2023 -2036 F
        2. 100 -300 kW, Market Value (USD Million) and CAGR, 2023 -2036 F
        3. 300 -500 kW, Market Value (USD Million) and CAGR, 2023 -2036 F
        4. More than 500 kW, Market Value (USD Million) and CAGR, 2023 -2036 F
    5. Global Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Application
        1. Power Generation, Market Value (USD Million) and CAGR, 2023-2036F
        2. Cogeneration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Mechanical Drive, Market Value (USD Million) and CAGR, 2023-2036F
        4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    6. Global Gas Engine Market Segmentation Analysis (2023-2036)
      1. By End User
        1. Utilities, Market Value (USD Million) and CAGR, 2023-2036F
        2. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
        3. Marine, Market Value (USD Million) and CAGR, 2023-2036F
        4. Oil & Gas, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. Global Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Geography
        1. North America, Market Value (USD Million) and CAGR, 2023-2036F
        2. Europe, Market Value (USD Million) and CAGR, 2023-2036F
        3. Asia Pacific, Market Value (USD Million) and CAGR, 2023-2036F
        4. Latin America, Market Value (USD Million) and CAGR, 2023-2036F
        5. Middle East & Africa, Market Value (USD Million) and CAGR, 2023-2036F
  21. Cross Analysis of Fuel Type w.r.t. End-User
  22.  North America Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. North America Gas Engine Market Segmentation Analysis (2023 -2036
      1. By Fuel Type
        1. Natural Gas, Market Value (USD Million) and CAGR, 2023 -2036 F
        2. Special Gas, Market Value (USD Million) and CAGR, 2023 -2036 F
        3. Others, Market Value (USD Million) and CAGR, 2023 -2036 F
    4. North America Gas Engine Market Segmentation Analysis (2023 -2036
      1. By Power Output
        1. Up to 100 kW, Market Value (USD Million) and CAGR, 2023 -2036 F
        2. 100 -300 kW, Market Value (USD Million) and CAGR, 2023 -2036 F
        3. 300 -500 kW, Market Value (USD Million) and CAGR, 2023 -2036 F
        4. More than 500 kW, Market Value (USD Million) and CAGR, 2023 -2036 F
    5. North America Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Application
        1. Power Generation, Market Value (USD Million) and CAGR, 2023-2036F
        2. Cogeneration, Market Value (USD Million) and CAGR, 2023-2036F
        3. Mechanical Drive, Market Value (USD Million) and CAGR, 2023-2036F
        4. Others, Market Value (USD Million) and CAGR, 2023-2036F
    6. North America Gas Engine Market Segmentation Analysis (2023-2036)
      1. By End User
        1. Utilities, Market Value (USD Million) and CAGR, 2023-2036F
        2. Manufacturing, Market Value (USD Million) and CAGR, 2023-2036F
        3. Marine, Market Value (USD Million) and CAGR, 2023-2036F
        4. Oil & Gas, Market Value (USD Million) and CAGR, 2023-2036F
        5. Others, Market Value (USD Million) and CAGR, 2023-2036F
    7. North America Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Country
        1. US, Market Value (USD Million) and CAGR, 2023-2036F
        2. Canada, Market Value (USD Million) and CAGR, 2023-2036F
  23. Europe Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Europe Gas Engine Market Segmentation Analysis (2023 -2036
      1. By Fuel Type
      2. By Power Output
      3. By Application
      4. By End User
    4. Europe Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Country
        1. UK, Market Value (USD Million) and CAGR, 2023-2036F
        2. Germany, Market Value (USD Million) and CAGR, 2023-2036F
        3. France, Market Value (USD Million) and CAGR, 2023-2036F
        4. Italy, Market Value (USD Million) and CAGR, 2023-2036F
        5. Spain, Market Value (USD Million) and CAGR, 2023-2036F
        6. Russia, Market Value (USD Million) and CAGR, 2023-2036F
        7. Netherlands, Market Value (USD Million) and CAGR, 2023-2036F
        8. Rest of Europe, Market Value (USD Million) and CAGR, 2023-2036F
  24.  Asia Pacific Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Asia Pacific Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Fuel Type
      2. By Power Output
      3. By Application
      4. By End User
    4. Asia Pacific Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Country
        1. China, Market Value (USD Million) and CAGR, 2023-2036F
        2. Japan, Market Value (USD Million) and CAGR, 2023-2036F
        3. India, Market Value (USD Million), Volume (Units) and CAGR, 2023- 2036F
        4. Australia, Market Value (USD Million) and CAGR, 2023-2036F
        5. South Korea, Market Value (USD Million) and CAGR, 2023-2036F
        6. Singapore, Market Value (USD Million) and CAGR, 2023-2036F
        7. Rest of Asia Pacific, Market Value (USD Million) and CAGR, 2023-2036F
  25. Latin America Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Latin America Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Fuel Type
      2. By Power Output
      3. By Application
      4. By End User
    4. Latin America Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Country
        1. Mexico, Market Value (USD Million) and CAGR, 2023-2036F
        2. Argentina, Market Value (USD Million) and CAGR, 2023-2036F
        3. Brazil, Market Value (USD Million) and CAGR, 2023-2036F
        4. Rest of Latin America, Market Value (USD Million) and CAGR, 2023- 2036F
  26. Middle East & Africa Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Middle East & Africa Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Fuel Type
      2. By Power Output
      3. By Application
      4. By End User
    4. Middle East & Africa Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Country
        1. GCC, Market Value (USD Million) and CAGR, 2023-2036F
        2. Israel, Market Value (USD Million) and CAGR, 2023-2036F
        3. South Africa, Market Value (USD Million) and CAGR, 2023-2036F
        4. Egypt, Market Value (USD Million), Value (Units) and CAGR, 2023- 2036F
        5. Rest of Middle East & Africa, Market Value (USD Million) and CAGR, 2023-2036F
  27. India Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Units) and Compound Annual Growth Rate (CAGR)
    3. India Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Fuel Type
      2. By Power Output
      3. By Application
      4. By End User
  28. Egypt Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Units) and Compound Annual Growth Rate (CAGR)
    3. Egypt Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Fuel Type
      2. By Power Output
      3. By Application
      4. By End User
  29. Oman Gas Engine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Units) and Compound Annual Growth Rate (CAGR)
    3. Oman Gas Engine Market Segmentation Analysis (2023-2036)
      1. By Fuel Type
      2. By Power Output
      3. By Application
      4. By End User

Gas Engine Market Trends

Growth Drivers

  • Favorable Environmental Regulations – Stringent environmental regulations and the need to reduce greenhouse gas emissions are driving the shift towards cleaner and more sustainable energy sources worldwide. Gas engines, particularly those running on natural gas or biogas, emit lower levels of pollutants, such as carbon dioxide (CO2), nitrogen oxides (NOx), and particulate matter compared to traditional fossil fuels. The environmental advantages of gas engines make them an attractive choice for industries, power generation, and transportation sectors aiming to meet emissions targets and improve air quality.

On April 2023, the Environmental Protection Agency (EPA), a U.S. government agency, issued a proposal for more stringent standards for minimizing greenhouse gas emissions from heavy-duty (HD) cars beginning in model year (MY) 2027. The revised regulations would apply to HD vocational as well as tractors.

  • Growing Demand for Distributed Power Generation – Gas engines are well-suited for decentralized or distributed power generation systems. Gas engines can be used in combined heat and power (CHP) applications, where waste heat from the engine is captured and utilized for heating or industrial processes, significantly improving overall system efficiency. The distributed generation capability makes gas engines appealing for industries, commercial buildings, and residential applications seeking reliable and efficient power solutions.

Challenges

  • Fuel Availability and Infrastructure – The availability and accessibility of gas fuels, such as natural gas, biogas, and others can be a challenge in certain regions. Limited gas infrastructure, including pipelines and refueling stations, hinders the widespread adoption of gas engines.
  • Higher Capital Cost
  • Natural Gas Trade Crises

Global Gas Engine Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.9%

Base Year Market Size (2024)

USD 4.76 billion

Forecast Year Market Size (2037)

USD 8.79 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (China, Japan, South Korea, Australia, Singapore, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Middle East and Africa (Israel, GCC, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Dhruv Bhatia


  • Report ID: 3680
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of gas engine is assessed at USD 4.95 billion.

The gas engine market size was valued at USD 4.76 billion in 2024 and is expected to reach USD 8.79 billion by the end of 2037, expanding at around 4.9% CAGR during the forecast period i.e., between 2025-2037. Increasing energy demand and the integration of renewable energy across the globe will boost the market growth.

Asia Pacific industry share is projected to reach 42% by 2037, backed by rapid industrialization in the region.

The major players in the market include Caterpillar Energy Solutions GMBH, HHI Engine & Machinery, Cummins Inc., Liebherr, International Society of Baudouin Motors, R Schmitt Enertec GmbH, Kawasaki Heavy Industries Ltd., Doosan Corporation, Mitsubishi Heavy Industries Ltd., Deutz AZ, INNIO, Guascor Energy, Power Solutions International, Inc. (PSI), Generac Holdings Inc.
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