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[ 英語タイトル ] Gas Engine Market by Fuel Type (Natural Gas & Special Gas), Application (Power Generation, Co-generation, & Mechanical Drive), End-User (Utilities, Manufacturing, & Oil & Gas), Power Output, and Region - Global Forecast to 2022


Product Code : MNMEP00108721
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Energy and Power
Study Area : Global
Report format : PDF
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[Report Description]

“The gas engine market is projected to grow at a CAGR of 6.12% from 2017 to 2022.”
The gas engine market is projected to reach USD 4.76 billion by 2022, growing at a CAGR of 6.12%, from 2017 to 2022. Gas engines are mainly used for power generation application and CHP applications. The growth of the gas engine market can be attributed 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 along with a global natural gas price fluctuations. Low-cost competitors from emerging markets are the main challenge for the gas engine market.

“The co-generation applications segment is expected to grow at the highest CAGR from 2017 to 2022.”
The co-generation (combined heat and power) generation segment is estimated to be the fastest growing segment of the gas engine market, by application, from 2017 to 2022. Europe is the key end-user of gas engines for co-generation applications. In the co-generation application, the gas engine produces power along with useful heat for the space heating and water heating. The co-generation applications majorly include steel mills, chemical, and food processing plants, paper & pulp mills, and district heating plants. The end-users are mainly focusing on improving the overall efficiency of power plants and which is driving the co-generation segment market.
“Europe: The largest market for gas engine”
The European market is currently the largest gas engine market, followed by the markets in North America, Asia Pacific, and the Middle East & Africa. The European market is projected 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 key factor that would drive the European market is attractive policy offerings by the European Union for the development of gas-fired power plants, especially special gas power plants.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 20%, Tier 3- 15%
By Designation: C-Level- 25%, Manager Level- 35%, Others- 40%
By Region: Europe- 23%, North America- 30%, Asia Pacific- 17%, South America- 10%, and Middle East & Africa- 20%
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 1 billion, Tier 2 = From USD 100 million to USD 500 million, and Tier 3 = The key players in the gas engine market include General Electric Company (U.S.), Caterpillar Inc. (U.S.), Wärtsilä Corporation (Finland), Rolls-Royce Holdings plc (U.K.), and Cummins Inc. (U.S.).
Research Coverage:
The report provides a picture of the gas engine market and its segments across industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as fuel type, power output, end-user, application, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Why buy this report?
1. The report identifies and addresses the key markets for gas engines, which would help OEMs review the growth in demand for the product.
2. The report helps solutions providers understand the pulse of the market and provides insight into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.3.3 CURRENCY 16
1.4 LIMITATIONS 16
1.5 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 24
2.4.1 ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE OPPORTUNITIES IN THE GAS ENGINES MARKET 30
4.2 GAS ENGINES MARKET, BY APPLICATION 30
4.3 EUROPEAN GAS ENGINES MARKET, BY END-USER & REGION 31
4.4 GAS ENGINES MARKET, BY FUEL TYPE 31
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Fall in natural gas prices 34
5.2.1.2 Clean and efficient power generation technology 35
5.2.1.3 Carbon emission reduction targets 35
5.2.2 RESTRAINTS 37
5.2.2.1 Price disparity across regional markets 37
5.2.2.2 Political uncertainties impacting the supply of natural gas 37
5.2.3 OPPORTUNITIES 37
5.2.3.1 Shift toward gas-fired power plants 37
5.2.3.2 Growing trend of distributed power generation 38
5.2.4 CHALLENGES 38
5.2.4.1 Limited natural gas reserves 38
5.2.4.2 Infrastructure concerns 39
6 GAS ENGINES MARKET, BY FUEL TYPE 40
6.1 INTRODUCTION 41
6.2 NATURAL GAS 42
6.3 SPECIAL GAS 42
6.4 OTHERS 43
7 GAS ENGINES MARKET, BY POWER OUTPUT 44
7.1 INTRODUCTION 45
7.2 0.5–1 MW 46
7.3 1–2 MW 46
7.4 2–5 MW 47
7.5 5–10 MW 48
7.6 10–20 MW 49
8 GAS ENGINES MARKET, BY APPLICATION 50
8.1 INTRODUCTION 51
8.2 POWER GENERATION 52
8.3 COGENERATION 52
8.4 MECHANICAL DRIVE 53
8.5 OTHERS 54
9 GAS ENGINES MARKET, BY END-USER 55
9.1 INTRODUCTION 56
9.2 UTILITIES 57
9.3 MANUFACTURING 57
9.4 OIL & GAS 58
9.5 OTHERS 59

10 GAS ENGINES MARKET, BY REGION 60
10.1 INTRODUCTION 61
10.2 EUROPE 62
10.2.1 BY FUEL TYPE 64
10.2.2 BY POWER OUTPUT 64
10.2.3 BY APPLICATION 65
10.2.4 BY END-USER 65
10.2.5 BY COUNTRY 66
10.2.5.1 Germany 66
10.2.5.2 UK 67
10.2.5.3 Russia 67
10.2.5.4 Italy 68
10.2.5.5 Turkey 69
10.2.5.6 Rest of Europe 69
10.3 NORTH AMERICA 70
10.3.1 BY FUEL TYPE 72
10.3.2 BY POWER OUTPUT 72
10.3.3 BY APPLICATION 73
10.3.4 BY END-USER 73
10.3.5 BY COUNTRY 74
10.3.5.1 US 74
10.3.5.2 Mexico 75
10.3.5.3 Canada 75
10.4 ASIA PACIFIC 76
10.4.1 BY FUEL TYPE 76
10.4.2 BY POWER OUTPUT 77
10.4.3 BY APPLICATION 77
10.4.4 BY END-USER 78
10.4.5 BY COUNTRY 78
10.4.5.1 China 79
10.4.5.2 Japan 79
10.4.5.3 India 80
10.4.5.4 Rest of Asia Pacific 81
10.5 MIDDLE EAST & AFRICA 81
10.5.1 BY FUEL TYPE 82
10.5.2 BY POWER OUTPUT 82
10.5.3 BY APPLICATION 83
10.5.4 BY END-USER 83
10.5.5 BY COUNTRY 84
10.5.5.1 Saudi Arabia 84
10.5.5.2 UAE 85
10.5.5.3 Egypt 86
10.5.5.4 Nigeria 86
10.5.5.5 Rest of the Middle East & Africa 87
10.6 SOUTH AMERICA 88
10.6.1 BY FUEL TYPE 88
10.6.2 BY POWER OUTPUT 88
10.6.3 BY APPLICATION 89
10.6.4 BY END-USER 89
10.6.5 BY COUNTRY 90
10.6.5.1 Brazil 90
10.6.5.2 Argentina 91
10.6.5.3 Rest of South America 91
11 COMPETITIVE LANDSCAPE 93
11.1 OVERVIEW 93
11.2 MARKET RANKING BY REVENUE SHARE, GAS ENGINES 95
11.3 COMPETITIVE LEADERSHIP MAPPING 97
11.3.1 VISIONARY LEADERS 97
11.3.2 INNOVATORS 97
11.3.3 DYNAMIC DIFFERENTIATORS 97
11.3.4 EMERGING COMPANIES 97
12 COMPANY PROFILES 101
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Products Offering, Recent Development’s, Business Strategy)*
12.1 INTRODUCTION 101
12.2 GENERAL ELECTRIC COMPANY 102
12.3 CATERPILLAR, INC. 113
12.4 WÄRTSILÄ CORPORATION 119
12.5 ROLLS-ROYCE HOLDINGS PLC 126
12.6 CUMMINS INC. 130
12.7 SIEMENS AG 133
12.8 MAN SE 137
12.9 MITSUBISHI HEAVY INDUSTRIES, LTD. 140
12.10 KAWASAKI HEAVY INDUSTRIES, LTD. 144
12.11 LIEBHERR GROUP 147
12.12 JFE HOLDINGS, INC. 150
12.13 HYUNDAI HEAVY INDUSTRIES CO., LTD. 152
12.14 NIIGATA POWER SYSTEMS CO., LTD 155
*Details on Overview, Strength of Product Portfolio, Business, Strategy Excellence, Products Offering, Recent Development’s, Business Strategy might not be captured in case of unlisted companies.

13 APPENDIX 157
13.1 INSIGHTS OF INDUSTRY EXPERTS 157
13.2 DISCUSSION GUIDE 158
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 161
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 163
13.5 AVAILABLE CUSTOMIZATIONS 165
13.6 RELATED REPORTS 165
13.7 AUTHOR DETAILS 166

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