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市场调查报告书
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1519833

2024-2032 年按燃料类型、功率输出、应用、垂直行业和地区分類的燃气发动机市场报告

Gas Engine Market Report by Fuel Type, Power Output, Application, Industry Vertical, and Region 2024-2032
出版日期: | 出版商: IMARC | 英文 140 Pages | 商品交期: 2-3个工作天内

价格

2023年全球燃气发动机市场规模达56IMARC Group美元。将燃气引擎与再生能源相结合的混合系统的使用越来越多，对不间断电力供应的需求不断增加，以及资料中心数量的不断增加是推动该市场的一些主要因素。

燃气发动机市场分析：

主要市场驱动因素：对清洁能源的需求不断增长、天然气供应充足、工业应用和发电中燃气发动机的采用不断增加、燃气发动机效率的快速技术进步以及严格的环境法规是燃气发动机市场的主要驱动力。

主要市场趋势：燃气引擎市场的主要趋势包括转向高效、低排放引擎、增加沼气和氢燃料的使用，以及整合物联网技术进行性能监控和预测性维护。人们越来越关注将燃气发动机与再生能源相结合的混合动力系统。

地理趋势：由于拥有先进的天然气基础设施、对节能发电的大量投资、丰富的天然气储量以及该地区对再生能源整合的承诺，北美在燃气引擎市场处于领先地位。

竞争格局：燃气发动机行业的一些主要市场参与者包括卡特彼勒公司、中国玉柴国际有限公司、康明斯公司、斗山公司、通用电气公司、现代重工有限公司、JFE控股公司、川崎重工Industries Ltd、三菱重工有限公司、劳斯莱斯公司、西门子公司、大众汽车公司和Wartsila Oyj Abp 等。

挑战与机会：燃气引擎市场的挑战包括严格的环境法规和替代再生技术的竞争。对永续能源解决方案日益增长的需求以及燃气引擎与混合动力系统整合的潜力带来了机会，从而在各种应用中提供更清洁、更高效的能源生产。

燃气发动机市场趋势：

快速工业化

推动燃气发动机需求的主要因素之一是全球工业化的快速发展。随着发展中国家寻求现代化，其能源需求不断增加。燃气发动机以其可靠性和效率而闻名，通常是工业环境中发电的首选解决方案。它们提供了一种强大而灵活的方式来满足不断变化的能源需求。此外，燃气发动机可以使用包括天然气在内的多种燃料，使其成为製造业、石化和纺织等不同行业的多功能选择。美国能源资讯署报告显示，2022年美国总用电量约4.07兆千瓦时，较上年增加2.6%。此外，预计2024年能源消耗将比2023年成长2%，其中住宅领域的消耗量预计最高，成长4%。

环境问题的增加

随着人们对气候变迁的认识不断增强，人们越来越多地转向清洁能源。根据IPCC关于气候变迁物理基础的第六次评估报告，燃烧化石燃料每年向大气中增加约110亿吨碳。同样，NOAA 国家环境资讯中心《2023 年全球气候报告》提供的另一项资料表明，海洋和陆地温度合计每十年平均增加 0.20 摄氏度。此外，2023 年每个月都跻身该月最热的 7 个月份之列，其中 7 月、8 月和 9 月的全球气温均比长期平均高出 1.0 摄氏度。与传统的燃煤或石油发电系统相比，燃气引擎排放的温室气体较少。这使它们成为满足能源需求的更环保的选择。世界各国政府采用严格的排放法规进一步推动工业和发电厂转向燃气发动机，增加了它们的需求。

日益增强的能源安全

对单一来源或单一能源类型的依赖可能会对一个国家的能源安全造成风险。燃气发动机提供了能源结构多样化的替代方案，从而减少了对进口石油或集中式电网的依赖。天然气资源丰富，可在国内或地区采购，有利于能源安全与稳定。这导致对燃气发动机技术的投资增加，从而进一步推动需求。据全球能源监测机构称，超过 748 吉瓦 (GW) 的天然气发电厂正处于前期和建设阶段，资本支出约为 6,010 亿美元。例如，2022 年 11 月，瓦锡兰收到泰米尔纳德邦石油产品有限公司 (TPL) 的订单，为印度金奈 15.5 兆瓦自备电厂提供两台 34SG 燃气发动机。

燃气发动机市场细分：

IMARC Group提供了每个细分市场的主要趋势分析，以及 2024-2032 年全球、区域和国家层面的预测。我们的报告根据燃料类型、功率输出、应用和垂直行业对市场进行了分类。

按燃料类型细分：

天然气

特种气体

其他的

天然气主导市场

该报告根据燃料类型对市场进行了详细的细分和分析。这包括天然气、特殊气体等。报告称，天然气是最大的部分。

天然气是燃气引擎常用的燃料之一。它主要由甲烷组成，是一种从地下储量中提取的天然化石燃料。与汽油或柴油引擎相比，天然气引擎以其高效率和减少排放而闻名。根据石油天然气部统计，截至2023年，印度天然气在能源篮子中的份额为6.7%。政府制定了2030年将天然气在能源结构中的比重提高到15%的目标。

按功率输出划分：

0.5-1兆瓦

1-2兆瓦

2-5兆瓦

5-10兆瓦

10-20兆瓦

1-2MW占据市场最大份额

报告还根据功率输出对市场进行了详细的细分和分析。这包括 0.5-1 MW、1-2 MW、2-5 MW、5-10 MW 和 10-20 MW。报告显示，1-2MW占据了最大的市场份额。

功率输出为 1-2 MW 的引擎用于需要中等功率的应用。这些常见于中型製造设施、大型商业建筑和小型发电厂。它们用途广泛，既可以用作主电源，也可以用作备用电源。

按应用划分：

机械驱动

发电

热电联产

其他的

发电主导市场

该报告根据应用程式提供了详细的市场细分和分析。这包括机械驱动、发电、热电联产等。报告称，发电是最大的部分。

燃气发动机最常见的应用之一是发电。这些引擎用于发电，作为商业建筑、工业设施和住宅区的主电源或备用发电机。例如，2021 年 10 月，Briggs & Stratton 推出了 Vanguard 400 系列发动机，旨在为各种商业和工业设备提供可靠的动力。又如，2021年4月，美国工具零售公司Northern Tool + Equipment Co.收购了家族小型发动机零件和户外动力设备零件公司Jack's Small Engines。此次收购增强了 Northern Tool + Equipment Co. 在工具、设备、引擎和维护服务方面的能力，巩固了其市场地位。

按垂直行业细分：

公用事业

製造业

油和气

矿业

其他的

公用事业主导市场

报告还提供了基于垂直行业的详细市场细分和分析。这包括公用事业、製造业、石油和天然气、采矿等。根据该报告，公用事业代表了最大的部分。

在公用事业领域，燃气发动机在发电中发挥关键作用。它们通常用于集中式和分散式能源系统。较小的引擎可用作住宅和商业建筑的备用发电机，而输出功率在兆瓦范围内的较大引擎可用于公用事业规模的发电厂。燃气引擎因其效率高、排放量低以及根据能源需求快速调高或调低的能力而受到重视。

按地区划分：

北美洲

美国

加拿大

亚太地区

中国

日本

印度

韩国

澳洲

印尼

其他的

欧洲

德国

法国

英国

义大利

西班牙

俄罗斯

其他的

拉丁美洲

巴西

墨西哥

其他的

中东和非洲

北美表现出明显的主导地位，占据最大的燃气引擎市场份额

市场研究报告还对所有主要区域市场进行了全面分析，其中包括北美（美国和加拿大）；亚太地区（中国、日本、印度、韩国、澳洲、印尼等）；欧洲（德国、法国、英国、义大利、西班牙、俄罗斯等）；拉丁美洲（巴西、墨西哥等）；以及中东和非洲。报告称，北美占据最大的市场份额。

页岩气开采量的增加是推动北美地区燃气引擎需求的主要因素之一。此外，不断提高的环保意识和更严格的政府排放政策正在推动该地区对燃气发动机等清洁能源解决方案的需求。除此之外，对可靠、高效电力不断增长的需求正在对市场产生积极影响。除此之外，主要参与者正在该地区大幅扩张。例如，康明斯公司 (Cummins Inc.) 于 2024 年宣布，其专为重型和公路应用设计的新型 15 升天然气引擎可能会导致替代动力系统的客户数量增加 5 倍。正如其北美地区公司负责人所说，它克服了有关低功率和扭矩的抱怨，并且可以使用潜在的净零碳可再生天然气（RNG）运行。

竞争格局：

市场研究报告也对市场竞争格局进行了全面分析。也提供了所有主要公司的详细资料。燃气发动机行业的一些主要市场参与者包括卡特彼勒公司、中国玉柴国际有限公司、康明斯公司、斗山公司、通用电气公司、现代重工有限公司、JFE控股公司、川崎重工有限公司。公司、劳斯莱斯公司、西门子公司、大众汽车公司和Wartsila Oyj Abp 等。

（请注意，这只是关键参与者的部分列表，报告中提供了完整列表。）

领先的公司正在整合涡轮增压器，允许更多的空气被压缩并与燃料混合，从而产生更强劲的燃烧，并透过更小的引擎尺寸产生更高的功率输出，有效提高燃油效率。它们还配备了先进的电子控制单元 (ECU)，可精确控制各种引擎参数，如燃油喷射、空燃比和点火正时，并提高性能、降低燃油消耗并简化诊断和维护。此外，主要参与者正在开发混合燃气发动机，旨在与太阳能或风能等再生能源协同工作。这些混合动力系统可以根据需要在电源之间切换，从而确保持续的能源供应，同时减少整体碳足迹。例如，2021年2月，瑞士铁路设备製造公司TMH International以1.63亿美元收购了劳斯莱斯的Bergen Engines中速燃气和柴油引擎业务。

燃气发动机市场新闻：

2023 年 4 月，Clarke Energy 收到订单，为伊明翰能源中心的 VPI 扩建项目提供 50MW 氢气 INNIO Jenbacher 燃气引擎。

2023 年 1 月，罗尔斯·罗伊斯宣布已成功测试使用 100% 氢燃料的 mtu 系列 4000 L64 引擎的 12 缸燃气变型。在动力系统业务部门进行的测试中，该公司表示，该引擎在效率、性能、排放和燃烧方面表现出优异的特性。

2023年10月，济能（舟山）燃气发电有限公司与哈尔滨电气公司合作，向GE Vernova订购了两台9HA.02联合循环燃气涡轮机。

本报告回答的关键问题：

  • 迄今为止，全球燃气发动机市场表现如何，未来几年将如何表现？
  • 全球燃气发动机市场的驱动因素、限制因素和机会是什么？
  • 每个驱动因素、限制因素和机会对全球燃气发动机市场有何影响？
  • 主要区域市场有哪些？
  • 哪些国家代表了最具吸引力的燃气发动机市场？
  • 根据燃料类型的市场划分是怎样的？
  • 燃气发动机市场上最具吸引力的燃料类型是什么？
  • 根据功率输出来划分市场是怎么样的？
  • 燃气发动机市场上哪种动力输出最具吸引力？
  • 基于应用程式的市场区隔是什么？
  • 燃气发动机市场中哪项应用最具吸引力？
  • 基于垂直产业的市场区隔是怎样的？
  • 燃气引擎市场中哪个垂直产业最具吸引力？
  • 市场竞争结构如何？
  • 全球燃气发动机市场的主要参与者/公司有哪些？

本报告回答的关键问题：

  • 迄今为止，全球燃气发动机市场表现如何，未来几年将如何表现？
  • 全球燃气发动机市场的驱动因素、限制因素和机会是什么？
  • 每个驱动因素、限制因素和机会对全球燃气发动机市场有何影响？
  • 主要区域市场有哪些？
  • 哪些国家代表了最具吸引力的燃气发动机市场？
  • 根据燃料类型的市场划分是怎样的？
  • 燃气发动机市场上最具吸引力的燃料类型是什么？
  • 根据功率输出来划分市场是怎么样的？
  • 燃气发动机市场中哪种动力输出最具吸引力？
  • 基于应用程式的市场区隔是什么？
  • 燃气发动机市场中哪项应用最具吸引力？
  • 基于垂直产业的市场区隔是怎样的？
  • 燃气引擎市场中哪个垂直产业最具吸引力？
  • 市场竞争结构如何？
  • 全球燃气发动机市场的主要参与者/公司有哪些？

目录

第一章：前言

第 2 章：范围与方法

  • 研究目的
  • 利害关係人
  • 资料来源
    • 主要资源
    • 二手资料
  • 市场预测
    • 自下而上的方法
    • 自上而下的方法
  • 预测方法

第 3 章：执行摘要

第 4 章：简介

  • 概述
  • 主要行业趋势

第 5 章：全球燃气发动机市场

  • 市场概况
  • 市场业绩
  • COVID-19 的影响
  • 市场预测

第 6 章：市场细分：依燃料类型

  • 天然气
    • 市场走向
    • 市场预测
  • 特种气体
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 7 章：市场区隔：按功率输出

  • 0.5-1兆瓦
    • 市场走向
    • 市场预测
  • 1-2兆瓦
    • 市场走向
    • 市场预测
  • 2-5兆瓦
    • 市场走向
    • 市场预测
  • 5-10兆瓦
    • 市场走向
    • 市场预测
  • 10-20兆瓦
    • 市场走向
    • 市场预测

第 8 章：市场区隔：按应用

  • 机械驱动
    • 市场走向
    • 市场预测
  • 发电
    • 市场走向
    • 市场预测
  • 热电联产
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 9 章：市场区隔：依垂直产业

  • 公用事业
    • 市场走向
    • 市场预测
  • 製造业
    • 市场走向
    • 市场预测
  • 油和气
    • 市场走向
    • 市场预测
  • 矿业
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 10 章：市场区隔：按地区

  • 北美洲
    • 美国
    • 加拿大
  • 亚太
    • 中国
    • 日本
    • 印度
    • 韩国
    • 澳洲
    • 印尼
    • 其他的
  • 欧洲
    • 德国
    • 法国
    • 英国
    • 义大利
    • 西班牙
    • 俄罗斯
    • 其他的
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他的
  • 中东和非洲
    • 市场走向
    • 市场细分：按国家/地区
    • 市场预测

第 11 章：SWOT 分析

  • 概述
  • 优势
  • 弱点
  • 机会
  • 威胁

第 12 章：价值链分析

第 13 章：波特五力分析

  • 概述
  • 买家的议价能力
  • 供应商的议价能力
  • 竞争程度
  • 新进入者的威胁
  • 替代品的威胁

第 14 章：价格分析

第15章：竞争格局

  • 市场结构
  • 关键参与者
  • 关键参与者简介
    • Caterpillar Inc.
    • China Yuchai International Limited
    • Cummins Inc.
    • Doosan Corporation
    • General Electric Company
    • Hyundai Heavy Industries Co. Ltd.
    • JFE Holdings Inc.
    • Kawasaki Heavy Industries Ltd.
    • Mitsubishi Heavy Industries Ltd.
    • Rolls-Royce plc
    • Siemens AG
    • Volkswagen AG
    • Wartsila Oyj Abp
Product Code: SR112024A5301

The global gas engine market size reached US$ 5.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032. The increasing use of hybrid systems that combine gas engines with renewable sources, rising need for uninterrupted power supply, and the growing number of data centers are some of the major factors propelling the market.

Gas Engine Market Analysis:

Major Market Drivers: Increasing demand for clean energy sources, the abundant availability of natural gas, growing adoption of gas engines in industrial applications and power generation, rapid technological advancements in gas engine efficiency, and stringent environmental regulations are the major drivers for gas engine market.

Key Market Trends: Key trends in the gas engine market include a shift towards high-efficiency, low-emission engines, increasing use of biogas and hydrogen fuels, and integration of IoT technology for performance monitoring and predictive maintenance. There is also a growing focus on hybrid power systems combining gas engines with renewable energy sources.

Geographical Trends: North America is leading the gas engine market due to the presence of advanced gas infrastructure, significant investments in energy-efficient power generation, abundant natural gas reserves, and the region's commitment to renewable energy integration.

Competitive Landscape: Some of the major market players in the Gas Engine industry include Caterpillar Inc., China Yuchai International Limited, Cummins Inc., Doosan Corporation, General Electric Company, Hyundai Heavy Industries Co. Ltd., JFE Holdings Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Siemens AG, Volkswagen AG, and Wartsila Oyj Abp, among many others.

Challenges and Opportunities: Challenges in the gas engine market include stringent environmental regulations and competition from alternative renewable technologies. Opportunities arise from the increasing demand for sustainable energy solutions and the potential for gas engines to integrate with hybrid systems, offering cleaner, more efficient energy production in diverse applications.

Gas Engine Market Trends:

Rapid Industrialization

One of the primary factors driving the demand for gas engines is the rapid pace of industrialization worldwide. As developing countries seek to modernize, their energy requirements are surging. Gas engines, known for their reliability and efficiency, are often the go-to solution for power generation in industrial settings. They offer a robust and flexible way to meet fluctuating energy needs. Moreover, gas engines can run on a variety of fuels, including natural gas, making them a versatile choice for diverse industries, such as manufacturing, petrochemicals, and textiles. According to a report by the US Energy Information Administration, the total electricity consumption in the United States in 2022 was about 4.07 trillion kWh, an increase of 2.6% compared to the previous year. Furthermore, it is forecasted that the energy consumption will experience a 2% increase in 2024 from 2023, with the highest consumption anticipated from the residential sector with a 4% rise.

Rise in Environmental Concerns

With the growing awareness about climate change, there is an increase in the shift towards cleaner energy options. According to IPCC's Sixth Assessment Report on the Physical Basis of Climate Change, burning fossil fuels add about 11 billion metric tons of carbon to the atmosphere each year. Similarly, another data provided by the 2023 Global Climate Report from NOAA National Centers for Environmental Information, stated that the combined ocean and land temperature increases at an average rate of 0.20 degree Celsius per decade. Moreover, every month of 2023 ranked among the 7 warmest for that month with global temperatures for July, August, and September reaching 1.0 degree Celsius above the long-term average. Gas engines emit fewer greenhouse gases as compared to traditional coal-fired or oil-based power generation systems. This makes them a more environment friendly choice for meeting energy needs. The adoption of strict emission regulations by governments worldwide further pushes industries and power plants toward gas engines, boosting their demand.

Growing Energy Security

Dependence on a single source or type of energy can pose risks to a country's energy security. Gas engines offer an alternative to diversify the energy mix, which reduces reliance on imported oil or centralized power grids. Natural gas is abundant and can be sourced domestically or regionally, which contributes to energy security and stability. This has led to increased investment in gas engine technologies, thereby further driving demand. According to the Global Energy Monitor, over 748 gigawatts (GW) of natural gas power plants are in pre- and construction phases, costing around US$ 601 billion in capital expenditure. For instance, in November 2022, Wartsila received an order for two 34SG gas engines by the Tamilnadu Petroproducts Limited (TPL) for 15.5 MW captive power plant in Chennai, India.

Gas Engine Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on fuel type, power output, application, and industry vertical.

Breakup by Fuel Type:

Natural Gas

Special Gas

Others

Natural gas dominates the market

The report has provided a detailed breakup and analysis of the market based on the fuel type. This includes natural gas, special gas, and others. According to the report, natural gas represented the largest segment.

Natural gas is one of the commonly used fuels for gas engines. Composed primarily of methane, it is a naturally occurring fossil fuel that is extracted from underground reserves. Natural gas engines are known for their efficiency and reduced emissions as compared to engines running on gasoline or diesel. According to the Ministry of Petroleum and Natural Gas, as of 2023, India's share of natural gas in energy basket is 6.7%. The government has set a target to raise the share of natural gas in energy mix to 15% in 2030. Such policy-level initiatives are likely to boost the natural gas sector.

Breakup by Power Output:

0.5-1 MW

1-2 MW

2-5 MW

5-10 MW

10-20 MW

1-2 MW holds the largest share in the market

A detailed breakup and analysis of the market based on the power output has also been provided in the report. This includes 0.5-1 MW, 1-2 MW, 2-5 MW, 5-10 MW, and 10-20 MW. According to the report, 1-2 MW accounted for the largest market share.

Engines with a power output of 1-2 MW are used in applications that require a moderate amount of power. These are commonly found in medium-sized manufacturing facilities, large commercial buildings, and small-scale power plants. They are versatile and can be used either as the main power source or as a backup.

Breakup by Application:

Mechanical Drive

Power Generation

Cogeneration

Others

Power generation dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes mechanical drive, power generation, cogeneration, and others. According to the report, power generation represented the largest segment.

One of the most common applications of gas engines is in power generation. These engines are used to generate electricity, either as the main power source or as backup generators for commercial buildings, industrial facilities, and residential areas. For instance, in October 2021, Briggs & Stratton launched Vanguard 400 series engines designed to deliver dependable power for various commercial and industrial equipment. In another example, in April 2021, Northern Tool + Equipment Co., a US-based tool retail company, acquired Jack's Small Engines, a family-owned small engine parts and outdoor power equipment parts company. This acquisition enhances Northern Tool + Equipment Co. 's capabilities in tools, equipment, engines, and maintenance services, consolidating its position in the market.

Breakup by Industry Vertical:

Utilities

Manufacturing

Oil and Gas

Mining

Others

Utilities dominate the market

A detailed breakup and analysis of the market based on the industry vertical has also been provided in the report. This includes utilities, manufacturing, oil and gas, mining, and others. According to the report, utilities represented the largest segment.

In the utilities sector, gas engines play a pivotal role in power generation. They are commonly used in both centralized and decentralized energy systems. Smaller engines may serve as backup generators for residential and commercial buildings, while larger engines with outputs in the megawatt range can be employed in utility-scale power plants. Gas engines are valued for their efficiency, lower emissions, and capability to quickly ramp up or down based on energy demand.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America exhibits a clear dominance, accounting for the largest gas engine market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The increasing extraction of shale gas represents one of the primary factors driving the demand for gas engines in the North American region. Moreover, the rising environmental awareness and stricter governmental policies on emissions are driving the demand for cleaner energy solutions like gas engines in the region. Besides this, the growing demand for reliable and efficient power is influencing the market positively. In addition to this, key players are expanding significantly in the region. For instance, Cummins Inc. announced in 2024 that its new 15-liter natural gas engine designed for heavy-duty and on-highway applications could lead to a 5-fold growth in customers for the alternative powertrain. It overcomes complaints about low power and torque and can run on potentially net-zero carbon renewable natural gas (RNG), as stated by its North America region Company Head.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the gas engine industry include Caterpillar Inc., China Yuchai International Limited, Cummins Inc., Doosan Corporation, General Electric Company, Hyundai Heavy Industries Co. Ltd., JFE Holdings Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Siemens AG, Volkswagen AG, and Wartsila Oyj Abp, among many others.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

The leading companies are integrating turbochargers that allow for more air to be compressed and mixed with fuel, which leads to more powerful combustion and results in higher power output from a smaller engine size, effectively improving fuel efficiency. They are also equipped with advanced electronic control units (ECUs) that offer precise control over various engine parameters like fuel injection, air-to-fuel ratio, and ignition timing and improve performance, reduce fuel consumption, and enable easier diagnostics and maintenance. Moreover, key players are developing hybrid gas engines that are designed to work in tandem with renewable energy sources, such as solar or wind power. These hybrid systems can switch between power sources as needed, which ensures constant energy supply while reducing the overall carbon footprint. For instance, in February 2021, TMH International, a Switzerland-based railroad equipment manufacturing company, acquired Rolls-Royce's Bergen Engines medium-speed gas and diesel engines business for $163 million.

Gas Engine Market News:

In April 2023, Clarke Energy received order to deliver 50MW of hydrogen ready INNIO Jenbacher gas engines to VPI's expansion at Immingham energy hub.

In January 2023, Rolls-Royce announced that it had conducted successful tests of a 12-cylinder gas variant of the mtu Series 4000 L64 engine running on 100% hydrogen fuel. In the tests carried out by the Power Systems business unit, the company stated that the engine showed excellent characteristics in terms of efficiency, performance, emissions, and combustion.

In October 2023, Jineng (Zhoushan) Gas Power Generation Co. placed an order with GE Vernova for two of its 9HA.02 combined-cycle gas turbines in collaboration with Harbin Electric Corporation.

Key Questions Answered in This Report:

  • How has the global gas engine market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global gas engine market?
  • What is the impact of each driver, restraint, and opportunity on the global gas engine market?
  • What are the key regional markets?
  • Which countries represent the most attractive gas engine market?
  • What is the breakup of the market based on the fuel type?
  • Which is the most attractive fuel type in the gas engine market?
  • What is the breakup of the market based on the power output?
  • Which is the most attractive power output in the gas engine market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the gas engine market?
  • What is the breakup of the market based on the industry vertical?
  • Which is the most attractive industry vertical in the gas engine market?
  • What is the competitive structure of the market?
  • Who are the key players/companies in the global gas engine market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Gas Engine Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Fuel Type

  • 6.1 Natural Gas
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Special Gas
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Others
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Power Output

  • 7.1 0.5-1 MW
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 1-2 MW
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 2-5 MW
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 5-10 MW
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 10-20 MW
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Mechanical Drive
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Power Generation
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Cogeneration
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Others
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by Industry Vertical

  • 9.1 Utilities
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Manufacturing
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Oil and Gas
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Mining
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Others
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 Caterpillar Inc.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 China Yuchai International Limited
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
    • 15.3.3 Cummins Inc.
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 Doosan Corporation
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
    • 15.3.5 General Electric Company
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
      • 15.3.5.4 SWOT Analysis
    • 15.3.6 Hyundai Heavy Industries Co. Ltd.
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
    • 15.3.7 JFE Holdings Inc.
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Kawasaki Heavy Industries Ltd.
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 Mitsubishi Heavy Industries Ltd.
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 Rolls-Royce plc
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
      • 15.3.10.4 SWOT Analysis
    • 15.3.11 Siemens AG
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
      • 15.3.11.3 Financials
      • 15.3.11.4 SWOT Analysis
    • 15.3.12 Volkswagen AG
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
      • 15.3.12.3 Financials
      • 15.3.12.4 SWOT Analysis
    • 15.3.13 Wartsila Oyj Abp
      • 15.3.13.1 Company Overview
      • 15.3.13.2 Product Portfolio
      • 15.3.13.3 Financials
      • 15.3.13.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Gas Engine Market: Major Drivers and Challenges
  • Figure 2: Global: Gas Engine Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Gas Engine Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Gas Engine Market: Breakup by Fuel Type (in %), 2023
  • Figure 5: Global: Gas Engine Market: Breakup by Power Output (in %), 2023
  • Figure 6: Global: Gas Engine Market: Breakup by Application (in %), 2023
  • Figure 7: Global: Gas Engine Market: Breakup by Industry Vertical (in %), 2023
  • Figure 8: Global: Gas Engine Market: Breakup by Region (in %), 2023
  • Figure 9: Global: Gas Engine (Natural Gas) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: Gas Engine (Natural Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: Gas Engine (Special Gas) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Gas Engine (Special Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Gas Engine (Other Fuel Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Gas Engine (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Gas Engine (0.5-1 MW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Gas Engine (0.5-1 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Gas Engine (1-2 MW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Gas Engine (1-2 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Gas Engine (2-5 MW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Gas Engine (2-5 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Gas Engine (5-10 MW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Gas Engine (5-10 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: Gas Engine (10-20 MW) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: Gas Engine (10-20 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: Gas Engine (Mechanical Drive) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: Gas Engine (Mechanical Drive) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: Gas Engine (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: Gas Engine (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: Gas Engine (Cogeneration) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: Gas Engine (Cogeneration) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: Global: Gas Engine (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: Global: Gas Engine (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: Global: Gas Engine (Utilities) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: Global: Gas Engine (Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: Global: Gas Engine (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Global: Gas Engine (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: Global: Gas Engine (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: Global: Gas Engine (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: Global: Gas Engine (Mining) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: Global: Gas Engine (Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Global: Gas Engine (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Global: Gas Engine (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: North America: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: North America: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: United States: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: United States: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: Canada: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: Canada: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: Asia-Pacific: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: Asia-Pacific: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: China: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: China: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: Japan: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: Japan: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: India: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: India: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: South Korea: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: South Korea: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: Australia: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: Australia: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: Indonesia: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: Indonesia: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: Others: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: Europe: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: Europe: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Germany: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Germany: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: France: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: France: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: United Kingdom: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 72: United Kingdom: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Italy: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 74: Italy: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: Spain: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 76: Spain: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: Russia: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 78: Russia: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 79: Others: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 80: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 81: Latin America: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 82: Latin America: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 83: Brazil: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 84: Brazil: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 85: Mexico: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 86: Mexico: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 87: Others: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 88: Others: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 89: Middle East and Africa: Gas Engine Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 90: Middle East and Africa: Gas Engine Market: Breakup by Country (in %), 2023
  • Figure 91: Middle East and Africa: Gas Engine Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 92: Global: Gas Engine Industry: SWOT Analysis
  • Figure 93: Global: Gas Engine Industry: Value Chain Analysis
  • Figure 94: Global: Gas Engine Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Gas Engine Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Gas Engine Market Forecast: Breakup by Fuel Type (in Million US$), 2024-2032
  • Table 3: Global: Gas Engine Market Forecast: Breakup by Power Output (in Million US$), 2024-2032
  • Table 4: Global: Gas Engine Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 5: Global: Gas Engine Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
  • Table 6: Global: Gas Engine Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: Gas Engine Market: Competitive Structure
  • Table 8: Global: Gas Engine Market: Key Players