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Gas Engine Market by Fuel Type, Application, End-User, Power Output, and Region - Global Forecast to 2022

Gas Engine Market: Global Forecast until 2022

  • August 2017
  • 168 pages
  • ID: 5092752
In this report:
According to B.P. Statistics, the natural gas consumption in Italy increased by about ##.##% in 2016 compared to 2015 and natural gas reserves stood at ##.## Tcf in 2016.
Wärtsilä Corporation (Finland) received a contract worth USD ##.## million (EUR ## million) from Yamama Cement Company (Saudi Arabia) to supply a ## MW flexi-cycle (combined cycle) power generation plant in Saudi Arabia with ## multi-fuel powered Wärtsilä ##DF gas engines.

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"The gas engine market is estimated to rise at a compound annual growth rate of ~6.1 percent between 2017 and 2022."

The gas engine market is estimated to grow ~$4.8B by 2022, increasing at a compound annual growth rate (CAGR) of ~6.1 percent, between 2017 and 2022. Gas engines are primarily used for power generation application and CHP applications. The rise of the gas engine market can be accredited to increased investments in ongoing gas-fired power plants in developing countries and maintenance of aging power plant in developed countries to curb the increased pollution from coal-based power plants. Inadequate supply of natural gas act as a restraint for the gas engine market together with a overall natural gas price fluctuations. Low-cost competitors from emerging sectors are the main challenge for the gas engine market.

"The co-generation applications segment is anticipated to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022."

The co-generation (combined heat and power) generation segment is forecasted to be the quickest increasing segment of the gas engine market, by application, between 2017 and 2022. EU is the main end-user of gas engines for co-generation applications. In the co-generation application, the gas engine produces power together with useful heat for the space heating and water heating. The co-generation applications mainly include steel mills, chemical, and food processing plants, paper & pulp mills, and district heating plants. The end-users are primarily focusing on improving the global efficiency of power plants and which is driving the co-generation segment market.

"Europe (EU): The biggest market for gas engine"

The european (EU) market is currently the biggest gas engine market, succeeded by the industries in North America continent, Asia Pacific (APAC), and the Middle East (ME) & African continent. The european (EU) market is expected to grow at a higher rate due to stringent environmental norms which led to the use of renewable resources such biogas, landfill gas, and sewer gas for power generation. The second top factor that would drive the european (EU) market is attractive policy offerings by the European Union for the development of gas-fired power plants, especially special gas power plants.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as assess future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 65.0 percent, Tier 2 20.0 percent, Tier 3 15.0 percent

By Designation: C-Level- 25.0 percent, Manager Level- 35.0 percent, Others- 40.0 percent

By area: Europe- 23.0 percent, North america (NA)- 30%, Asia Pacific- 17.0 percent, South America- 10.0 percent, and Middle East & Africa- 20.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2016: Tier 1 = >USD 1 billion, Tier 2 = From $100.0M to $500.0M, and Tier 3 =

The top players in the gas engine market contain General Electric (NYSE:GE), Caterpillar Inc., Wärtsilä Corporation, Rolls-Royce Holdings plc, and Cummins Inc..

Segment Research

The market research offers a picture of the gas engine market and its segments across sectors and localities. It aims at evaluating the market value and future increase potential of the market across distinct segments including fuel type, power output, end-user, application, and area. Moreover, the industry report includes a detailed competitive analysis of the top players in the sector together with their company descriptions, recent evolutions, and key industries strategies.

Why acquire this industry report?

1. The study determines and addresses the top sectors for gas engines, which would help Original equipment manufacturers review the rise in demand for the product.

2. The analysis benefits solutions providers distinguish the pulse of the sector and offers insight into drivers, market restraints, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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