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Global Gas Engines Market By Fuel Type (Natural Gas, Special Gas & Others), By Application (Power generation, Mechanical Drive, Others), By Power Output (0.5-1MW, 11-2 MW, Others), By End-Users, By Region, Forecast & Opportunities to 2026

The global gas engines market accounted for a value of USD 3.5 billion in 2019. Gas engines market projected to register growth at a CAGR of 4.6% during forecast period.

COVID-19 has impacted gas engines market negatively as all the manufacturing facilities have to shut down due to lockdown imposed by government. The supply chain of raw materials and finished products got disrupted. The labor is not willing to work even after lifting the lockdown due to spread of corona virus. The will foresee growth form 2021.

Definition:

Gas engines can be defined as internal combustion engines that functions on gas fuel such as natural gas, coal gas, biogas and producer gas. This engines runs on full load and it is a heavy duty industrial engines that runs continuously. It consists of an engines, generator and heat exchanger.

Market Dynamics (Drivers/Opportunities):

The gas engines is an eco-friendly engines as it does not release and harmful gases. It uses natural gases and natural gas is composed of methane, upon combustion it releases water vapor and carbon dioxide. The awareness about environment is increasing due this adoption of gas engines by industries is increasing and this drives growth in gas engines during forecast period.

The governments across the world are promoting use of gas engines and there are several supportive policies for gas engines industries. The demand for clean energy is increasing in the world and adoption of gas engines is rising across various regions. This drives growth in gas engines market during forecast period.

Market Insights, by Fuel Type

On the basis of fuel type, the gas engines market is segmented into natural gas, special gas and others. The natural gas segment is projected to hold largest market share during forecast period. The natural gas used in gas engines is utilized for combined heat and power and base load power generation. The use of natural makes it efficient and safe for environment. This drives growth in natural gas fuel type gas engines during forecast period.

Market Insights, by Application

On the basis of application, the gas engines market is segmented into mechanical drive, power generation, cogeneration and others. The cogeneration segment is estimated to register growth at highest CAGR during forecast period. Gas energy produce power for space heating and water heating in cogeneration application and it is an efficient method for generating power which save energy and doesn’t harm environment. This drives growth in cogeneration segment during forecast period.

Market Insights, by End-User

On the basis of end-user, the gas engines market is segmented into utilities, oil & gas, manufacturing, transportation and others. The utilities segment is estimated to register growth at highest CAGR during forecast period. Gas engines are used in electric utilities for providing electrical loads. Gas engines are majorly used when reliable supply from power plant is unavailable. The generators run on gas engines are also highly adopted in utilities segment for peak load demand handling across various regions.  The industrialization and urbanization is increasing across various regions such as Asia-Pacific and others, this increases the demand for electricity. This results in high adoption of gas engines generators in utilities segment. All these factors drive growth in utilities end-use during forecast period.

Regional Insights

Europe is estimated to hold largest market share during forecast period. Europe is a cold climate continent. The household and commercial spaces require heat for surviving in such cold climate which leads to huge demand for gas engines generators. This region is considered to be the largest biogas producer which increases adoption of gas-based engines. The natural gas price in this region is very low. This drives growth in Europe region during forecast period.

Key Companies & Market Share Insights

The key market players in gas engines market are R Schnitt Enertec, Jinan Lyneng Power Machinery, Hyundai Heavy Industries, Liebherr, JFE Enginesering Corporation, II Power Systems, Ningbo C.S.I Power & Machinery, Kawasaki Heavy Industries, Mitsubishi heavy Industries, Siemens, MAN SE, Cummins, Rolls-Royace Holdings, Wartsila, caterpillar and Innio.

Segments Covered in the Report

This report forecasts The Global Gas Engines Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global gas engines market report on the basis of fuel type, power output, application, and end-user.

Gas Engines Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Gas Engines Market, By Fuel Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Natural Gas
  • Special Gas
  • Others
  1. Gas Engines Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Mechanical Drive
  • Power Generation
  • Cogeneration
  • Others
  1. Gas Engines Market, By Power Output, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • 1-2MW
  • 2-5MW
  • 5-10MW
  • 10-20MW
  1. Gas Engines Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Utilities
  • Oil & Gas
  • Manufacturing
  • Transportation
  • Others
  1. Gas Engines Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Fuel Type
    • By Application
    • By Power Output
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Fuel Type
      • By Application
      • By Power Output
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Fuel Type
        • By Application
        • By Power Output
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Fuel Type
          • By Application
          • By Power Output
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Fuel Type
            • By Application
            • By Power Output
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Innio
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • R Schnitt Enertec
    • Jinan Lyneng Power Machinery
    • Hyundai Heavy Industries
    • Liebherr
    • JFE Enginesering Corporation
    • II Power Systems
    • Ningbo C.S.I Power & Machinery
    • Kawasaki Heavy Industries
    • Mitsubishi heavy Industries
    • Siemens
    • MAN SE
    • Cummins
    • Rolls-Royace Holdings
    • Wartsila
    • Caterpillar
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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