Global Gas Engine Market Outlook to 2025 Gas Engine Market

Gas Engine Market Competitive Analysis and Economic Forecasting
By General Electric Company, Cummins Inc, Wärtsilä Corporation,
Kawasaki Heavy Industries Ltd
A gas engine is basically an internal burning engine that produces motive power by using
variability of natural gasses like coal, fuel. The demand for reliable and clean electricity is
growing across the globe on account of industrial expansion and development. Emerging
countries, such as India and China are aggressively investing in gas transport infrastructure
in order to ensure a reliable and continuous supply of the gas, which in turn is expected to
assist with driving the gas-fired power generation market. As engines are widely used in
utilities, oil and gas, manufacturing, hospitals, and commercial complexes.
The stringent emission rules & regulations, low fuel cost, and growing environmental
concerns are some of the major factors driving the growth of the gas engines market in the
European region. The growth of 1 MW–2 MW gas engine market largely attributed to the
increasing demand for continuous power from small to mid-range manufacturing facilities,
commercial buildings, and hospitals. Furthermore, initiatives taken by several countries
across the globe to reduce greenhouse emissions that have resulted in diminishing the use
of coal for energy generation will also boost the demand for natural gas engines.
Natural gas fuel type segment holds the largest market share of the gas engines
market during the forecast period
Natural gas is one among the foremost important source of energy. Owing to increasing
environmental concerns gas engines primarily run on natural gas. The Environment
Protection Agency has declared natural gas as the cleanest of all fossil fuels. Natural gas
engines are those engines that intake natural gas for power production. The low fuel prices
and the comparatively lower carbon emissions from natural gas are projected to act as
major drivers for the global market growth, throughout the forecast period. Emerging
countries, such as India and China are aggressively investing in gas transport infrastructure
in order to ensure a reliable and continuous supply of the gas, which in turn is expected to
assist with driving the gas-fired power generation market.
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Europe accounts for the largest market size in the global gas engines market
during the forecast period.
Europe is the leading region during the forecast period 2019-2025. Owing to stringent
environmental, increasing demand for clean energy, the shift of energy focus from coal to
natural gas, and temporary shutting down of nuclear power plants. Germany dominates the
gas engine market in Europe. The countries in the European region are committed to the
Paris Climate deal, which is a big boost for clean power technologies. Furthermore, the total
cost of ownership of gas engines is lesser than diesel engines due to the former’s cheaper
operating cost, which ensures more efficient power generation. The Asia Pacific gas engines