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市場調查報告書
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1519833

2024-2032 年按燃料類型、功率輸出、應用、垂直行業和地區分類的燃氣引擎市場報告

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個工作天內

價格

2023年全球燃氣引擎市場規模達56IMARC Group美元。將燃氣引擎與再生能源相結合的混合系統的使用越來越多,對不間斷電力供應的需求不斷增加,以及資料中心數量的不斷增加是推動該市場的一些主要因素。

燃氣引擎市場分析:

主要市場促進因素:對清潔能源的需求不斷成長、天然氣供應充足、工業應用和發電中燃氣引擎的採用不斷增加、燃氣引擎效率的快速技術進步以及嚴格的環境法規是燃氣引擎市場的主要驅動力。

主要市場趨勢:燃氣引擎市場的主要趨勢包括轉向高效、低排放引擎、增加沼氣和氫燃料的使用,以及整合物聯網技術進行性能監控和預測性維護。人們越來越關注將燃氣引擎與再生能源相結合的混合動力系統。

地理趨勢:由於擁有先進的天然氣基礎設施、對節能發電的大量投資、豐富的天然氣儲量以及該地區對再生能源整合的承諾,北美在燃氣引擎市場處於領先地位。

競爭格局:燃氣引擎行業的一些主要市場參與者包括Caterpillar公司、中國玉柴國際有限公司、康明斯公司、斗山公司、通用電氣公司、現代重工有限公司、JFE控股公司、川崎重工Industries Ltd、三菱重工有限公司、勞斯萊斯公司、西門子公司、大眾汽車公司和Wartsila Oyj Abp 等。

挑戰與機會:燃氣引擎市場的挑戰包括嚴格的環境法規和替代再生技術的競爭。對永續能源解決方案日益成長的需求以及燃氣引擎與混合動力系統整合的潛力帶來了機遇,從而在各種應用中提供更清潔、更高效的能源生產。

燃氣引擎市場趨勢:

快速工業化

推動燃氣引擎需求的主要因素之一是全球工業化的快速發展。隨著發展中國家尋求現代化,其能源需求不斷增加。燃氣引擎以其可靠性和效率而聞名,通常是工業環境中發電的首選解決方案。它們提供了一種強大而靈活的方式來滿足不斷變化的能源需求。此外,燃氣引擎可以使用包括天然氣在內的多種燃料,使其成為製造業、石化和紡織等不同行業的多功能選擇。美國能源資訊署報告顯示,2022年美國總用電量約4.07兆千瓦時,較上年增加2.6%。此外,預計2024年能源消耗將比2023年成長2%,其中住宅領域的消耗量預計最高,成長4%。

環境問題的增加

隨著人們對氣候變遷的認知不斷增強,人們擴大轉向清潔能源。根據IPCC關於氣候變遷物理基礎的第六次評估報告,燃燒化石燃料每年向大氣中增加約110億噸碳。同樣,NOAA 國家環境資訊中心《2023 年全球氣候報告》提供的另一項資料表明,海洋和陸地溫度合計每十年平均增加 0.20 攝氏度。此外,2023 年每個月都躋身該月最熱的 7 個月份之列,其中 7 月、8 月和 9 月的全球氣溫均比長期平均高出 1.0 攝氏度。與傳統的燃煤或石油發電系統相比,燃氣引擎排放的溫室氣體較少。這使它們成為滿足能源需求的更環保的選擇。世界各國政府採用嚴格的排放法規進一步推動工業和發電廠轉向燃氣引擎,增加了它們的需求。

日益增強的能源安全

對單一來源或單一能源類型的依賴可能會對一個國家的能源安全造成風險。燃氣引擎提供了能源結構多樣化的替代方案,從而減少了對進口石油或集中式電網的依賴。天然氣資源豐富,可在國內或地區採購,有利於能源安全與穩定。這導致對燃氣引擎技術的投資增加,從而進一步推動需求。據全球能源監測機構稱,超過 748 吉瓦 (GW) 的天然氣發電廠正處於前期和建設階段,資本支出約為 6,010 億美元。例如,2022 年 11 月,瓦錫蘭收到泰米爾納德邦石油產品有限公司 (TPL) 的訂單,為印度金奈 15.5 兆瓦自備電廠提供兩台 34SG 燃氣引擎。

燃氣引擎市場細分:

IMARC Group提供了每個細分市場的主要趨勢分析,以及 2024-2032 年全球、區域和國家層面的預測。我們的報告根據燃料類型、功率輸出、應用和垂直行業對市場進行了分類。

按燃料類型細分:

天然氣

特種氣體

其他

天然氣主導市場

該報告根據燃料類型對市場進行了詳細的細分和分析。這包括天然氣、特殊氣體等。報告稱,天然氣是最大的部分。

天然氣是燃氣引擎常用的燃料之一。它主要由甲烷組成,是一種從地下儲量中提取的天然化石燃料。與汽油或柴油引擎相比,天然氣引擎以其高效率和減少排放而聞名。根據石油天然氣部統計,截至2023年,印度天然氣在能源籃子中的佔有率為6.7%。政府制定了2030年將天然氣在能源結構中的比重提高到15%的目標。

按功率輸出分類:

0.5-1兆瓦

1-2兆瓦

2-5兆瓦

5-10兆瓦

10-20兆瓦

1-2MW佔據市場最大佔有率

報告還根據功率輸出對市場進行了詳細的細分和分析。這包括 0.5-1 MW、1-2 MW、2-5 MW、5-10 MW 和 10-20 MW。報告顯示,1-2MW佔據了最大的市場佔有率。

功率輸出為 1-2 MW 的引擎用於需要中等功率的應用。這些常見於中型製造設施、大型商業建築和小型發電廠。它們用途廣泛,既可以用作主電源,也可以用作備用電源。

按應用分類:

機械驅動

發電

熱電聯產

其他

發電主導市場

該報告根據應用程式提供了詳細的市場細分和分析。這包括機械驅動、發電、熱電聯產等。報告稱,發電是最大的部分。

燃氣引擎最常見的應用之一是發電。這些引擎用於發電,作為商業建築、工業設施和住宅區的主電源或備用發電機。例如,2021 年 10 月,Briggs & Stratton 推出了 Vanguard 400 系列引擎,旨在為各種商業和工業設備提供可靠的動力。又如,2021年4月,美國工具零售公司Northern Tool + Equipment Co.收購了家族小型引擎零件和戶外動力設備零件公司Jack's Small Engines。此次收購增強了 Northern Tool + Equipment Co. 在工具、設備、引擎和維護服務方面的能力,鞏固了其市場地位。

按垂直行業細分:

公用事業

製造業

油和氣

礦業

其他

公用事業主導市場

報告還提供了基於垂直行業的詳細市場細分和分析。這包括公用事業、製造業、石油和天然氣、採礦等。根據該報告,公用事業代表了最大的部分。

在公用事業領域,燃氣引擎在發電中發揮關鍵作用。它們通常用於集中式和分散式能源系統。較小的引擎可用作住宅和商業建築的備用發電機,而輸出功率在兆瓦範圍內的較大引擎可用於公用事業規模的發電廠。燃氣引擎因其效率高、排放量低以及根據能源需求快速調高或調低的能力而受到重視。

按地區分類:

北美洲

美國

加拿大

亞太地區

中國

日本

印度

韓國

澳洲

印尼

其他

歐洲

德國

法國

英國

義大利

西班牙

俄羅斯

其他

拉丁美洲

巴西

墨西哥

其他

中東和非洲

北美表現出明顯的主導地位,佔據最大的燃氣引擎市場佔有率

市場研究報告還對所有主要區域市場進行了全面分析,其中包括北美(美國和加拿大);亞太地區(中國、日本、印度、韓國、澳洲、印尼等);歐洲(德國、法國、英國、義大利、西班牙、俄羅斯等);拉丁美洲(巴西、墨西哥等);以及中東和非洲。報告稱,北美佔據最大的市場佔有率。

頁岩氣開採量的增加是推動北美地區燃氣引擎需求的主要因素之一。此外,不斷提高的環保意識和更嚴格的政府排放政策正在推動該地區對燃氣引擎等清潔能源解決方案的需求。除此之外,對可靠、高效電力不斷成長的需求正在對市場產生積極影響。除此之外,主要參與者正在該地區大幅擴張。例如,康明斯公司 (Cummins Inc.) 於 2024 年宣布,其專為重型和公路應用設計的新型 15 升天然氣引擎可能會導致替代動力系統的客戶數量增加 5 倍。正如其北美地區公司負責人所說,它克服了有關低功率和扭矩的抱怨,並且可以使用潛在的淨零碳可再生天然氣(RNG)運行。

競爭格局:

市場研究報告也對市場競爭格局進行了全面分析。也提供了所有主要公司的詳細資料。燃氣引擎行業的一些主要市場參與者包括Caterpillar公司、中國玉柴國際有限公司、康明斯公司、斗山公司、通用電氣公司、現代重工有限公司、JFE控股公司、川崎重工有限公司。公司、勞斯萊斯公司、西門子公司、大眾汽車公司和Wartsila Oyj Abp 等。

(請注意,這只是關鍵參與者的部分列表,報告中提供了完整列表。)

領先的公司正在整合渦輪增壓器,允許更多的空氣被壓縮並與燃料混合,從而產生更強勁的燃燒,並透過更小的引擎尺寸產生更高的功率輸出,有效提高燃油效率。它們還配備了先進的電子控制單元 (ECU),可精確控制各種引擎參數,如燃油噴射、空燃比和點火正時,並提高性能、降低燃油消耗並簡化診斷和維護。此外,主要參與者正在開發混合燃氣引擎,旨在與太陽能或風能等再生能源協同工作。這些混合動力系統可以根據需要在電源之間切換,從而確保持續的能源供應,同時減少整體碳足跡。例如,2021年2月,瑞士鐵路設備製造公司TMH International以1.63億美元收購了勞斯萊斯的Bergen Engines中速燃氣和柴油引擎業務。

燃氣引擎市場新聞:

2023 年 4 月,Clarke Energy 收到訂單,為伊明翰能源中心的 VPI 擴建項目提供 50MW 氫氣 INNIO Jenbacher 燃氣引擎。

2023 年 1 月,羅爾斯·羅伊斯宣布已成功測試使用 100% 氫燃料的 mtu 系列 4000 L64 引擎的 12 缸燃氣變型。在動力系統業務部門進行的測試中,該公司表示,該引擎在效率、性能、排放和燃燒方面表現出優異的特性。

2023年10月,濟能(舟山)燃氣發電有限公司與哈爾濱電氣公司合作,向GE Vernova訂購了兩台9HA.02聯合循環燃氣渦輪機。

本報告回答的關鍵問題:

  • 迄今為止,全球燃氣引擎市場表現如何,未來幾年將如何表現?
  • 全球燃氣引擎市場的促進因素、限制因素和機會是什麼?
  • 每個促進因素、限制因素和機會對全球燃氣引擎市場有何影響?
  • 主要區域市場有哪些?
  • 哪些國家代表了最具吸引力的燃氣引擎市場?
  • 根據燃料類型的市場分類是怎樣的?
  • 燃氣引擎市場上最具吸引力的燃料類型是什麼?
  • 根據功率輸出來分類市場是怎麼樣的?
  • 燃氣引擎市場上哪種動力輸出最具吸引力?
  • 基於應用程式的市場區隔是什麼?
  • 燃氣引擎市場中哪項應用最具吸引力?
  • 基於垂直產業的市場區隔是怎樣的?
  • 燃氣引擎市場中哪個垂直產業最具吸引力?
  • 市場競爭結構如何?
  • 全球燃氣引擎市場的主要參與者/公司有哪些?

本報告回答的關鍵問題:

  • 迄今為止,全球燃氣引擎市場表現如何,未來幾年將如何表現?
  • 全球燃氣引擎市場的促進因素、限制因素和機會是什麼?
  • 每個促進因素、限制因素和機會對全球燃氣引擎市場有何影響?
  • 主要區域市場有哪些?
  • 哪些國家代表了最具吸引力的燃氣引擎市場?
  • 根據燃料類型的市場分類是怎樣的?
  • 燃氣引擎市場上最具吸引力的燃料類型是什麼?
  • 根據功率輸出來分類市場是怎麼樣的?
  • 燃氣引擎市場中哪種動力輸出最具吸引力?
  • 基於應用程式的市場區隔是什麼?
  • 燃氣引擎市場中哪項應用最具吸引力?
  • 基於垂直產業的市場區隔是怎樣的?
  • 燃氣引擎市場中哪個垂直產業最具吸引力?
  • 市場競爭結構如何?
  • 全球燃氣引擎市場的主要參與者/公司有哪些?

目錄

第1章:前言

第 2 章:範圍與方法

  • 研究目的
  • 利害關係人
  • 資料來源
    • 主要資源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章:執行摘要

第 4 章:簡介

  • 概述
  • 主要行業趨勢

第 5 章:全球燃氣引擎市場

  • 市場概況
  • 市場業績
  • COVID-19 的影響
  • 市場預測

第 6 章:市場細分:依燃料類型

  • 天然氣
    • 市場走向
    • 市場預測
  • 特種氣體
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 7 章:市場區隔:按功率輸出

  • 0.5-1兆瓦
    • 市場走向
    • 市場預測
  • 1-2兆瓦
    • 市場走向
    • 市場預測
  • 2-5兆瓦
    • 市場走向
    • 市場預測
  • 5-10兆瓦
    • 市場走向
    • 市場預測
  • 10-20兆瓦
    • 市場走向
    • 市場預測

第 8 章:市場區隔:按應用

  • 機械驅動
    • 市場走向
    • 市場預測
  • 發電
    • 市場走向
    • 市場預測
  • 熱電聯產
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 9 章:市場區隔:依垂直產業

  • 公用事業
    • 市場走向
    • 市場預測
  • 製造業
    • 市場走向
    • 市場預測
  • 油和氣
    • 市場走向
    • 市場預測
  • 礦業
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 10 章:市場區隔:按地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲
    • 市場走向
    • 市場細分:按國家/地區
    • 市場預測

第 11 章:SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 12 章:價值鏈分析

第 13 章:波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 14 章:價格分析

第15章:競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • 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