Market Survey on Gas Engines Market Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, Market Statistics, Supply and Demand Analysis, Regulations, and Company Ecosystem
An In-depth Market Insights of Gas Engines Market including Natural gas, and Special gas Covering 30+ Countries like United States, United Kingdom, Germany, France, Norway, Sweden, Saudi Arabia, United Arab Emirates, Japan, Korea, Australia, New Zealand, and Others
The global gas engines market size touched a valuation of US$ 4.8 Billion in 2022 and is projected to expand at a moderate CAGR of 4.1% during the forecast period between 2022 and 2032, totaling US$ 7.47 Billion by 2032, Supported by,
Increasing demand for clean and efficient power production technologies worldwide.
Technological advancements in gas engines
The growing applications in heat and power plants, the automotive industry, the marine industry, and the manufacturing sector boost the market growth
Growing demand for electric generator
The rising demand for renewable sources of energy in developed regions
Data Points
Key Statistics
Estimated Value of Global Gas Engine Market by 2032
US$ 7.47 Billion
Documented Market Value of the Gas Engine Market in 2022
US$ 4.8 Billion
Estimated CAGR from 2022 to 2032
4.1%
During the period ranging from 2020 to 2022, gas engines demandprospects appeared limited, attributed to the onset of the COVID-19 pandemic, which shook investor confidence amid the cessation of all industrial activity. This blip was gradually overcome since mid-2021, leading to a resurgence in growth projections.
The rising utilization of gas engines in the marine and automotive sectors is set to propel the demand for gas engines in the future years. As per the USA Energy Information Administration, The USA used about 30.28 trillion cubic feet (Tcf) of natural gas in 2021, the equivalent of about 31.35 quadrillion British thermal units (quads) and 32% of USA total energy consumption. These numbers are projected to surge at a fast pace in the assessment period, thereby boosting the demand for gas engines globally.
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Growing need for reducing carbon emissions and the presence of strict government regulation driving market growth in North America.
With an increasing focus on reducing carbon emissions, the presence of strict government regulation, and rising usage of natural gas for power generation and mechanical drive applications in North America to drive the gas engine marketduring the forecast period.
The increasing consumption of natural gas in many applications is creating immense demand for sustainable technologies like gas engines. The gas engine market in North America accounts for a significant share of the global revenue generation, owing to various technological enhancements and ongoing investments by several companies, and an increase in the number of gas-powered power plants will create huge demand for gas engines in the future.
Opportunities abound in the Natural Gas based engines Segment
As natural gas is eco-friendly as it burns cleaner and emits less carbon than other fuels thus major end-use industries such as utilities, manufacturing, automotive, and oil & gas use natural gas fueling engines.
The increasing usage of natural gas in gas engines across electricity generation plants boosts the growth of the segment. Also, the increased consumer awareness about the benefits of using natural gas coupled with favorable government initiatives is expected to positively impact the gas engine market forecast.
The shifting regulatory policies toward energy transition and sustainable energy sources, driven by integrated energy considerations, will enhance natural gas uses.
Over the years, there has been a significant increase in the demand for gas engines due to growing environmental concerns and a gradual shift towards producing energy by using natural gas and special gas fuels. Today, the majority of power generation plants are replacing their traditional power generation infrastructure with gas engines to reduce emission levels.
Gas engines are internal combustion engines that run on gaseous fuel, such as natural gas, coal gas, biogas, and special gas. They are gradually gaining traction across end-use verticals like utilities, automotive, oil & gas, and manufacturing due to their higher efficiency, low operating costs, and eco-friendly nature.
Rising demand for electricity coupled with increasing usage of natural gas for producing energy due to its clean, economical, and readily available nature is expected to boost the growth of the gas engine market during the forecast period. According to the USA Energy Information Agency (EIA), 23.2% of the total global energy supply was produced by using natural gas in 2019.
Further, advancements in gas engine technologies and growing environmental concerns will fuel the adoption of gas engines across the world during the assessment period.
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2015 to 2021 Global Gas Engines Market Outlook Compared To 2022 to 2032 Forecast
The global demand for gas engines is projected to grow at a steady CAGR of 4.1% during the forecast period from 2022 to 2032, surpassing a valuation of US$ 7.47 Billion by the end of 2032.
Rising adoption of gas engines in power generation and mechanical drive applications, implementation of stringent carbon emission regulations, increasing government initiatives to expand the power generation infrastructure, the growing popularity of gas engine technologies across emerging economies, and technological advancements in gas engines are some of the major factors driving growth in the global gas engines market.
Since natural gas is clean and economical, various end use-industries are utilizing it for performing several functions including powering mechanical equipment, generating electricity, and propelling vehicles. This will continue to boost the sales of gas engines during the forecast period.
Similarly, rising environmental concerns along with growing demand for clean and efficient power production technologies and increased usage of distributed power generation systems will create opportunities for gas engine manufacturers, thereby expanding the global gas engine market size.
The expansion of the industrial gas turbine market along with rising awareness of environmental hazards and surging demand for clean and efficient power production resources is expected to improve the gas fuel engines market share during the forthcoming years.
Countries like India, Germany, and the United Kingdom are spending large amounts on the construction ofgas-powered power plants to reduce carbon emission levels as well as to cater to rising energy demands. Thus, an increase in the number of gas-powered power plants will create huge demand for gas engines in the future.
It has been observed that natural gas-fired power plants emit negligible amounts of greenhouse gases as compared to oil and coal fired-plants. Driven by this, countries are continuously striving to develop and expand their gas-powered power infrastructure, thereby creating space for gas engine market growth.
Which Factors Are Restraining The Growth Of Gas Engines Market?
Despite its optimistic stance, the global gas engine market is facing various challenges that are restraining its growth to some extent. Some of these factors are the shortage of natural gas due to wars and outbreaks of pandemics, fluctuations in natural gas prices, lack of sufficient infrastructure in some regions, and expansion of the gasoline engine market size.
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Country-Wise Segment
Why are Sales of Gas Engines Rising Across China?
Rising Usage of Natural Gas for Power Generation Application Creating Demand for Gas Engines in China
As per FMI, sales of gas enginesacross China are projected to grow at a significant pace during the forecast period, owing to the rising demand for clean and efficient power generation technologies, presence of stringent government regulations, rapid increase in the number of gas-fired power plants, availability of advanced products at lower prices, and increasing usage of natural gasin myriad applications.
Rapid usage of coal for power generation and cogeneration applications across China has caused many serious environmental consequences. As a result, there has been a dramatic shift towards large-scale production and consumption of eco-friendly and sustainable alternatives like natural gas.
According to the USA Energy Information Agency (EIA), China’s natural gas consumption rose by 9% in 2019 to 10.8 Tcf from 9.9 Tcf in 2018, making it the world’s third-largest natural gas consumer behind the United States and Russia. This rising usage of natural gas is expected to generate significant demand for gas engines throughout the forecast period.
Similarly, increasing government initiatives and investments to reduce carbon emission levels while at the same time, increasing electricity generation is positively impacting the gas engine market in the country. As per the Center for Strategic and International Studies (CSIS), China invested $266 billion in energy transition measures in 2021.
What is the Demand Outlook for the United Kingdom Gas Engines Market?
Rising Need for Reducing Carbon Emissions and the Presence of Strict Government Regulation Driving Market Growth in the United Kingdom
With an increasing focus on reducing carbon emissions, the presence of strict government regulation, and the rising usage of natural gas for power generation and mechanical drive applications, the United Kingdom's gas engine market is poised to exhibit steady growth during the forecast period.
Rising consumption of natural gas in a wide range of applications is creating immense demand for sustainable technologies like gas engines and this trend is likely to continue during the forecast period. According to the Worldometer, the United Kingdom consumes 2,795,569 million cubic feet (MMcf) of natural gas per year as of the year 2017.
Similarly, the growing popularity of turbofan engines and the rapid expansion of the marine gas engine market is expected to create opportunities for gas engine manufacturers across the United Kingdom during the forecast period.
Category-Wise Insights
Which Fuel Type Segment Contributes Most to Gas Engines Market Growth?
Demand for Natural Gas-Based Engines to Continue Rising Throughout the Forecast Period
Based on fuel type, the gas engine market is segmented into natural gas, special gas, and others. Among these, the natural gas segment holds the largest portion of the global gas engine market and is likely to grow at a higher CAGR during the forecast period. The growth of the segment is attributed to the increasing usage of natural gas in gas engines across electricity generation plants.
Natural gas is more eco-friendly as it burns cleaner and emits less carbon than other fuels. This is prompting major end-use industries such as utilities, manufacturing, automotive, and oil & gas. to use natural gas fueling engines.
Growing consumer awareness about the benefits of using natural gas coupled with favorable government initiatives is expected to positively impact the natural gas engine market forecast.
Based on Power Output, Which Gas Engine Scores High in the Gas Engine Market?
Above 15 MW Gas Engines Remain Most Preferred for Power Generation and Cogeneration Applications
As per FMI, the above 15 MW gas engines segment accounted for the largest revenue share in 2021, owing to their increasing usage in power generation and cogeneration applications. These engines are mostly used in island-type configurations to supplement major power plants and help avoid blackouts.
The rapid expansion of power generation infrastructure worldwide coupled with growing demand for power generators for the militarywill further boost the growth of this segment during the forecast period.
Which is the most Lucrative Application for Gas Engines?
Mechanical Drive Segment to Create Maximum Opportunities for Gas Engine Manufacturers
In terms of application, the gas engine market has been segmented into power generation, mechanical drive, cogeneration, and others. Among these, the mechanical driver segment dominates the global gas engine market.
A wide range of mechanical equipment, such as pumps, blowers, compressors, etc. used across manufacturing and oil and gas industries are powered by gas engines. Thus, the rapid expansion of the industrial gas turbine market will boost segment growth during the forecast period.
Competitive Landscape
Leading gas engine manufacturers have adopted various organic and inorganic strategies such as new product launches, the establishment of new facilities across attractive regions, partnerships, acquisitions, collaborations, etc. to gain a competitive edge in the global gas engines market.
For instance:
In June 2020, Kawasaki Heavy Industries, Ltd. launched sales of their new model KG-18-T gas engine.
In 2021, Scania introduced a new 13-liter gas engine for travel operations that can run on natural gas and on biogas.
Scope Of The Report
Future Market Insights' latest report provides a professional and in-depth study of the current state of the global gas engines market. It provides details about the global gas engine market size, key revenue drivers, market restraints, growth opportunities, and recent developments.
The report examines the impact of the booming gas turbine industry on overall gas engine sales and illustrates how the rapid expansion of the power generation sector is creating space for the growth of the gas engine market.
Besides this, FMI also attempts to reveal the prevalent gas engine market trends guiding the gas engine market growth. Does it provide solutions to queries like how will a rise in fuel prices influence the demand for gas engines? Why is Europe becoming the hub for gas engines? And who are the top gas engine manufacturers?
A certain number of chapters have been dedicated to analyzing leading market segments and regional pockets. This makes the study more informative and interesting.
The Gas Engines Market Analysis Includes:
A 10-year realistic sales forecast for gas engines across diverse end-use verticals
Detailed gas engines market segmentation
Information about leading segments and their growth forecast till 2032
Top gas engine manufacturersalong with their strategiesto penetrate attractive markets
Information about the latest gas engines market trends
Key growth shaping factors like drivers, restraints, and emerging opportunities
Detailed analysis of regional pockets along with the degree of market penetration
Impact of the rising energy crisis on the gas engines market
Supply chain analysis
The winning imperatives in the gas engines market
Pricing analysis
Attributes
Details
Projected Growth Rate (2022 to 2032)
4.1%
Estimated Market Valuation (2032)
7.47 Billion
Forecast Period
2022 to 2032
Historic Data Available for
2015 to 2021
Market Analysis
USD Million for Value
Report Coverage
Market forecast, company share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, market dynamics and challenges, and strategic growth initiatives
Key Segments Covered
Product
Application
Device Type
Grade Type
Distribution Channel
Region
Key regions covered
North America
USA
Canada
Rest of North America
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Western Europe
Germany
United Kingdom
France
Rest of Western Europe
Eastern Europe
Russia
Spain
Rest of Eastern Europe
South Asia Pacific
China
India
Japan
Malaysia
Thailand
Indonesia
South Korea
Rest of South Asia & Pacific
Middle East & Africa
GCC Countries
Turkey
Israel
Rest of Middle East and Africa(MEA)
Rest of the World
Oceania
Africa
South America
Application
Power Generation
Mechanical Device
Cogenerations
Others
Key companies profiled
Westport Fuel Systems Inc, Wärtsilä, IHI Power Systems Co., Ltd. (Subsidiary of IHI Corporation), YANMAR HOLDINGS CO., MAN SE, BERGEN engines AS, LIEBHERR, JFE Engineering Corporation, Siemens, INNIO, MITSUBISHI HEAVY INDUSTRIES, LTD, Kawasaki Heavy Industries, Ltd and Caterpillar, Cummins Inc.
Key Segments
By Fuel Type:
Natural gas
Special gas
Others
By End Use:
Utilities
Marine
Oil & gas
Manufacturing
Others
By Power Output:
1-2 MW
2-5 MW
5-15 MW
Above 15 MW
By Application:
Power Generation
Mechanical Drive
Cogenerations
Others
By Region:
North America
Latin America
Europe
Middle East and Africa
Asia Pacific
Frequently Asked Questions
What is the current valuation of gas engines market?
As per FMI, the global gas engines market size reached around US$ 4.8 Billion in 2022.
What is the demand outlook for the global gas engines market?
The global gas engines market is anticipated to grow at a steady CAGR of 4.1% during the forecast period, reaching over US$ 7.47 Billion by 2032.
Which region holds maximum potential for the growth of gas engines market?
European nations are expected to grow at the highest CAGR during the forecast period.
Who are the leading gas engine manufacturers?
Westport Fuel Systems Inc, Wärtsilä, YANMAR HOLDINGS CO., IHI Power Systems Co., Ltd. (Subsidiary of IHI Corporation), MAN SE, BERGEN engines AS, LIEBHERR, Siemens, INNIO, MITSUBISHI HEAVY INDUSTRIES, LTD are some of the leading gas engine manufacturers.
Table of Content
1. Executive Summary | Gas Engines Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Million)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Market, by Key Countries
4.2. Market Opportunity Assessment (US$ Million)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in Optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Growth in Automation, By Country
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
6.1. Historical Market Analysis, 2015 to 2021
6.2. Current and Future Market Projections, 2022 to 2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Fuel Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Fuel Type, 2015 to 2021
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Fuel Type, 2022 to 2032
8.3.1. Natural Gas
8.3.2. Special Gas
8.3.3. Others (Coal Gas, Producer Gas, and Propane Gas)
8.4. Market Attractiveness Analysis By Fuel Type
9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End-use
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By End-use, 2015 to 2021
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End-use, 2022 to 2032
9.3.1. Utilities
9.3.2. Marine
9.3.3. Oil & Gas
9.3.4. Manufacturing
9.3.5. Others (Commercial Complexes, Wastewater Treatment Plants, Hospitals, and Greenhouse Operators)
9.4. Market Attractiveness Analysis By End-use
10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Power Output
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By Power Output, 2015 to 2021
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Power Output, 2022 to 2032
10.3.1. Power Output
10.3.2. 1-2 MW
10.3.3. 2-5 MW
10.3.4. 5-15 MW
10.3.5. Above 15 MW
10.4. Market Attractiveness Analysis By Power Output
11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) Analysis By Application, 2015 to 2021
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2022 to 2032
11.3.1. Power Generation
11.3.2. Mechanical Drive
11.3.3. Cogeneration
11.3.4. Others (Trigeneration, Quadgeneration, Greenhouse Operations, and Renewable Energy)
11.4. Market Attractiveness Analysis By Application
12. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021
12.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia Pacific
12.3.5. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
13.4.1. By Country
13.4.1.1. USA
13.4.1.2. Canada
13.4.1.3. Rest of North America
13.4.2. By Fuel Type
13.4.3. By End-use
13.4.4. By Application
13.4.5. By Power Output
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Fuel Type
13.5.3. By End-use
13.5.4. By Application
13.5.5. By Power Output
14. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Fuel Type
14.4.3. By End-use
14.4.4. By Application
14.4.5. By Power Output
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Fuel Type
14.5.3. By End-use
14.5.4. By Application
14.5.5. By Power Output
15. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. France
15.4.1.3. United Kingdom
15.4.1.4. Italy
15.4.1.5. Benelux
15.4.1.6. Nordic Countries
15.4.1.7. Rest of Europe
15.4.2. By Fuel Type
15.4.3. By End-use
15.4.4. By Application
15.4.5. By Power Output
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Fuel Type
15.5.3. By End-use
15.5.4. By Application
15.5.5. By Power Output
16. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.1.4. Rest of Asia Pacific
16.4.2. By Fuel Type
16.4.3. By End-use
16.4.4. By Application
16.4.5. By Power Output
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Fuel Type
16.5.3. By End-use
16.5.4. By Application
16.5.5. By Power Output
17. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Country
17.4.1.1. GCC Countries
17.4.1.2. South Africa
17.4.1.3. Turkey
17.4.1.4. Rest of Middle East and Africa
17.4.2. By Fuel Type
17.4.3. By End-use
17.4.4. By Application
17.4.5. By Power Output
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Fuel Type
17.5.3. By End-use
17.5.4. By Application
17.5.5. By Power Output
18. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. USA Market Analysis
18.2.1. Value Proportion Analysis by Market Taxonomy
18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.2.2.1. By Fuel Type
18.2.2.2. By End-use
18.2.2.3. By Application
18.2.2.4. By Power Output
18.3. Canada Market Analysis
18.3.1. Value Proportion Analysis by Market Taxonomy
18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.3.2.1. By Fuel Type
18.3.2.2. By End-use
18.3.2.3. By Application
18.3.2.4. By Power Output
18.4. Mexico Market Analysis
18.4.1. Value Proportion Analysis by Market Taxonomy
18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.4.2.1. By Fuel Type
18.4.2.2. By End-use
18.4.2.3. By Application
18.4.2.4. By Power Output
18.5. Brazil Market Analysis
18.5.1. Value Proportion Analysis by Market Taxonomy
18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.5.2.1. By Fuel Type
18.5.2.2. By End-use
18.5.2.3. By Application
18.5.2.4. By Power Output
18.6. Germany Market Analysis
18.6.1. Value Proportion Analysis by Market Taxonomy
18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.6.2.1. By Fuel Type
18.6.2.2. By End-use
18.6.2.3. By Application
18.6.2.4. By Power Output
18.7. France Market Analysis
18.7.1. Value Proportion Analysis by Market Taxonomy
18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.7.2.1. By Fuel Type
18.7.2.2. By End-use
18.7.2.3. By Application
18.7.2.4. By Power Output
18.8. Italy Market Analysis
18.8.1. Value Proportion Analysis by Market Taxonomy
18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.8.2.1. By Fuel Type
18.8.2.2. By End-use
18.8.2.3. By Application
18.8.2.4. By Power Output
18.9. BENELUX Market Analysis
18.9.1. Value Proportion Analysis by Market Taxonomy
18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.9.2.1. By Fuel Type
18.9.2.2. By End-use
18.9.2.3. By Application
18.9.2.4. By Power Output
18.10. United Kingdom Market Analysis
18.10.1. Value Proportion Analysis by Market Taxonomy
18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.10.2.1. By Fuel Type
18.10.2.2. By End-use
18.10.2.3. By Application
18.10.2.4. By Power Output
18.11. Nordic Countries Market Analysis
18.11.1. Value Proportion Analysis by Market Taxonomy
18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.11.2.1. By Fuel Type
18.11.2.2. By End-use
18.11.2.3. By Application
18.11.2.4. By Power Output
18.12. China Market Analysis
18.12.1. Value Proportion Analysis by Market Taxonomy
18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.12.2.1. By Fuel Type
18.12.2.2. By End-use
18.12.2.3. By Application
18.12.2.4. By Power Output
18.13. Japan Market Analysis
18.13.1. Value Proportion Analysis by Market Taxonomy
18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.13.2.1. By Fuel Type
18.13.2.2. By End-use
18.13.2.3. By Application
18.13.2.4. By Power Output
18.14. South Korea Market Analysis
18.14.1. Value Proportion Analysis by Market Taxonomy
18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.14.2.1. By Fuel Type
18.14.2.2. By End-use
18.14.2.3. By Application
18.14.2.4. By Power Output
18.15. GCC Countries Market Analysis
18.15.1. Value Proportion Analysis by Market Taxonomy
18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.15.2.1. By Fuel Type
18.15.2.2. By End-use
18.15.2.3. By Application
18.15.2.4. By Power Output
18.16. South Africa Market Analysis
18.16.1. Value Proportion Analysis by Market Taxonomy
18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.16.2.1. By Fuel Type
18.16.2.2. By End-use
18.16.2.3. By Application
18.16.2.4. By Power Output
18.17. Turkey Market Analysis
18.17.1. Value Proportion Analysis by Market Taxonomy
18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.17.2.1. By Fuel Type
18.17.2.2. By End-use
18.17.2.3. By Application
18.17.2.4. By Power Output
18.17.3. Competition Landscape and Player Concentration in the Country
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional Footprint of Players
19.4.2. Product Footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Caterpillar
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Sales Footprint
20.3.1.4. Strategy Overview
20.3.2. WÄRTSILÄ
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Sales Footprint
20.3.2.4. Strategy Overview
20.3.3. Rolls-Royce Holdings
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Sales Footprint
20.3.3.4. Strategy Overview
20.3.4. Cummins
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Sales Footprint
20.3.4.4. Strategy Overview
20.3.5. Volkswagen (MAN Energy Solutions)
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Sales Footprint
20.3.5.4. Strategy Overview
20.3.6. Siemens Energy
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Sales Footprint
20.3.6.4. Strategy Overview
20.3.7. Mitsubishi Heavy Industries Ltd.
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Sales Footprint
20.3.7.4. Strategy Overview
20.3.8. INNIO
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Sales Footprint
20.3.8.4. Strategy Overview
20.3.9. Kawasaki Heavy Industries LTD.
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Sales Footprint
20.3.9.4. Strategy Overview
20.3.10. Ningbo C.S.I Power & Machinery Group Co. Ltd.
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Sales Footprint
20.3.10.4. Strategy Overview
21. Assumptions and Acronyms Used22. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million), By Fuel Type, 2015 to 2021
Table 2: Global Market Value (US$ Million), By Fuel Type, 2022 to 2032
Table 3: Global Market Value (US$ Million), By End-use, 2015 to 2021
Table 4: Global Market Value (US$ Million), By End-use, 2022 to 2032
Table 5: Global Market Value (US$ Million), By Power Output, 2015 to 2021
Table 6: Global Market Value (US$ Million), By Power Output, 2022 to 2032
Table 7: Global Market Value (US$ Million), By Application, 2015 to 2021
Table 8: Global Market Value (US$ Million), By Application, 2022 to 2032
Table 9: Global Market, By Region, 2015 to 2021
Table 10: Global Market, By Region, 2022 to 2032
Table 11: North America Market Value (US$ Million), By Fuel Type, 2015 to 2021
Table 12: North America Market Value (US$ Million), By Fuel Type, 2022 to 2032
Table 13: North America Market Value (US$ Million), By End-use, 2015 to 2021
Table 14: North America Market Value (US$ Million), By End-use, 2022 to 2032
Table 15: North America Market Value (US$ Million), By Power Output, 2015 to 2021
Table 16: North America Market Value (US$ Million), By Power Output, 2022 to 2032
Table 17: North America Market Value (US$ Million), By Application, 2015 to 2021
Table 18: North America Market Value (US$ Million), By Application, 2022 to 2032
Table 19: North America Market, By Country, 2015 to 2021
Table 20: North America Market, By Country, 2022 to 2032
Table 21: Latin America Market Value (US$ Million), By Fuel Type, 2015 to 2021
Table 22: Latin America Market Value (US$ Million), By Fuel Type, 2022 to 2032
Table 23: Latin America Market Value (US$ Million), By End-use, 2015 to 2021
Table 24: Latin America Market Value (US$ Million), By End-use, 2022 to 2032
Table 25: Latin America Market Value (US$ Million), By Power Output, 2015 to 2021
Table 26: Latin America Market Value (US$ Million), By Power Output, 2022 to 2032
Table 27: Latin America Market Value (US$ Million), By Application, 2015 to 2021
Table 28: Latin America Market Value (US$ Million), By Application, 2022 to 2032
Table 29: Latin America Market, By Country, 2015 to 2021
Table 30: Latin America Market, By Country, 2022 to 2032
Table 31: Europe Market Value (US$ Million), By Fuel Type, 2015 to 2021
Table 32: Europe Market Value (US$ Million), By Fuel Type, 2022 to 2032
Table 33: Europe Market Value (US$ Million), By End-use, 2015 to 2021
Table 34: Europe Market Value (US$ Million), By End-use, 2022 to 2032
Table 35: Europe Market Value (US$ Million), By Power Output, 2015 to 2021
Table 36: Europe Market Value (US$ Million), By Power Output, 2022 to 2032
Table 37: Europe Market Value (US$ Million), By Application, 2015 to 2021
Table 38: Europe Market Value (US$ Million), By Application, 2022 to 2032
Table 39: Europe Market, By Country, 2015 to 2021
Table 40: Europe Market, By Country, 2022 to 2032
Table 41: Asia Pacific Market Value (US$ Million), By Fuel Type, 2015 to 2021
Table 42: Asia Pacific Market Value (US$ Million), By Fuel Type, 2022 to 2032
Table 43: Asia Pacific Market Value (US$ Million), By End-use, 2015 to 2021
Table 44: Asia Pacific Market Value (US$ Million), By End-use, 2022 to 2032
Table 45: Asia Pacific Market Value (US$ Million), By Power Output, 2015 to 2021
Table 46: Asia Pacific Market Value (US$ Million), By Power Output, 2022 to 2032
Table 47: Asia Pacific Market Value (US$ Million), By Application, 2015 to 2021
Table 48: Asia Pacific Market Value (US$ Million), By Application, 2022 to 2032
Table 49: Asia Pacific Market, By Country, 2015 to 2021
Table 50: Asia Pacific Market, By Country, 2022 to 2032
Table 51: MEA Market Value (US$ Million), By Fuel Type, 2015 to 2021
Table 52: MEA Market Value (US$ Million), By Fuel Type, 2022 to 2032
Table 53: MEA Market Value (US$ Million), By End-use, 2015 to 2021
Table 54: MEA Market Value (US$ Million), By End-use, 2022 to 2032
Table 55: MEA Market Value (US$ Million), By Power Output, 2015 to 2021
Table 56: MEA Market Value (US$ Million), By Power Output, 2022 to 2032
Table 57: MEA Market Value (US$ Million), By Application, 2015 to 2021
Table 58: MEA Market Value (US$ Million), By Application, 2022 to 2032
Table 59: MEA Market, By Country, 2015 to 2021
Table 60: MEA Market, By Country, 2022 to 2032
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List of Charts
Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 3: Global Market Share, By Fuel Type, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Fuel Type – 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Fuel Type – 2022 to 2032
Figure 6: Global Market Share, By End-use, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By End-use – 2022 to 2032
Figure 8: Global Market Attractiveness Index, By End-use – 2022 to 2032
Figure 9: Global Market Share, By Application, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Application – 2022 to 2032
Figure 12: Global Market Share, By Power Output, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Power Output – 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Power Output – 2022 to 2032
Figure 15: Global Market Share, By Region, 2022 & 2032
Figure 16: Global Market Y-o-Y Growth Projections, By Region – 2022 to 2032
Figure 17: Global Market Attractiveness Index, By Region – 2022 to 2032
Figure 18: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 19: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 20: North America Market Share, By Fuel Type, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Fuel Type – 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Fuel Type – 2022 to 2032
Figure 23: North America Market Share, By End-use, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By End-use – 2022 to 2032
Figure 25: North America Market Attractiveness Index, By End-use – 2022 to 2032
Figure 26: North America Market Share, By Application, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Application – 2022 to 2032
Figure 29: North America Market Share, By Power Output, 2022 & 2032
Figure 30: North America Market Y-o-Y Growth Projections, By Power Output – 2022 to 2032
Figure 31: North America Market Attractiveness Index, By Power Output – 2022 to 2032
Figure 32: North America Market Share, By Country, 2022 & 2032
Figure 33: North America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 34: North America Market Attractiveness Index, By Country – 2022 to 2032
Figure 35: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 36: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 37: Latin America Market Share, By Fuel Type, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Fuel Type – 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Fuel Type – 2022 to 2032
Figure 40: Latin America Market Share, By End-use, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By End-use – 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By End-use – 2022 to 2032
Figure 43: Latin America Market Share, By Application, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 45: Latin America Market Attractiveness Index, By Application – 2022 to 2032
Figure 46: Latin America Market Share, By Power Output, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections, By Power Output – 2022 to 2032
Figure 48: Latin America Market Attractiveness Index, By Power Output – 2022 to 2032
Figure 49: Latin America Market Share, By Country, 2022 & 2032
Figure 50: Latin America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 51: Latin America Market Attractiveness Index, By Country – 2022 to 2032
Figure 52: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 53: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 54: Europe Market Share, By Fuel Type, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Fuel Type – 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Fuel Type – 2022 to 2032
Figure 57: Europe Market Share, By End-use, 2022 & 2032
Figure 58: Europe Market Y-o-Y Growth Projections, By End-use – 2022 to 2032
Figure 59: Europe Market Attractiveness Index, By End-use – 2022 to 2032
Figure 60: Europe Market Share, By Application, 2022 & 2032
Figure 61: Europe Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 62: Europe Market Attractiveness Index, By Application – 2022 to 2032
Figure 63: Europe Market Share, By Power Output, 2022 & 2032
Figure 64: Europe Market Y-o-Y Growth Projections, By Power Output – 2022 to 2032
Figure 65: Europe Market Attractiveness Index, By Power Output – 2022 to 2032
Figure 66: Europe Market Share, By Country, 2022 & 2032
Figure 67: Europe Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 68: Europe Market Attractiveness Index, By Country – 2022 to 2032
Figure 69: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 70: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 71: MEA Market Share, By Fuel Type, 2022 & 2032
Figure 72: MEA Market Y-o-Y Growth Projections, By Fuel Type – 2022 to 2032
Figure 73: MEA Market Attractiveness Index, By Fuel Type – 2022 to 2032
Figure 74: MEA Market Share, By End-use, 2022 & 2032
Figure 75: MEA Market Y-o-Y Growth Projections, By End-use – 2022 to 2032
Figure 76: MEA Market Attractiveness Index, By End-use – 2022 to 2032
Figure 77: MEA Market Share, By Application, 2022 & 2032
Figure 78: MEA Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 79: MEA Market Attractiveness Index, By Application – 2022 to 2032
Figure 80: MEA Market Share, By Power Output, 2022 & 2032
Figure 81: MEA Market Y-o-Y Growth Projections, By Power Output – 2022 to 2032
Figure 82: MEA Market Attractiveness Index, By Power Output – 2022 to 2032
Figure 83: MEA Market Share, By Country, 2022 & 2032
Figure 84: MEA Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 85: MEA Market Attractiveness Index, By Country – 2022 to 2032
Figure 86: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 88: Asia Pacific Market Share, By Fuel Type, 2022 & 2032
Figure 89: Asia Pacific Market Y-o-Y Growth Projections, By Fuel Type – 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness Index, By Fuel Type – 2022 to 2032
Figure 91: Asia Pacific Market Share, By End-use, 2022 & 2032
Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By End-use – 2022 to 2032
Figure 93: Asia Pacific Market Attractiveness Index, By End-use – 2022 to 2032
Figure 94: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 96: Asia Pacific Market Attractiveness Index, By Application – 2022 to 2032
Figure 97: Asia Pacific Market Share, By Power Output, 2022 & 2032
Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By Power Output – 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness Index, By Power Output – 2022 to 2032
Figure 100: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 102: Asia Pacific Market Attractiveness Index, By Country – 2022 to 2032
