Gas Engines Market
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
Gas Engines Market Outlook (2022 to 2032)
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
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Data Points |
Key Statistics |
|---|---|
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Estimated Value of Global Gas Engine Market by 2032 |
US$ 7.47 Billion |
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Documented Market Value of the Gas Engine Market in 2022 |
US$ 4.8 Billion |
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Estimated CAGR from 2022 to 2032 |
4.1% |
During the period ranging from 2020 to 2022, gas engines demand prospects 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 market during 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 of gas-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 engines across 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 gas in 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 military will 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 manufacturers along with their strategies to 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
|
Attribute |
Details |
|---|---|
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Projected Growth Rate (2022 to 2032) |
4.1% |
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Estimated Market Valuation (2032) |
7.47 Billion |
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Forecast Period |
2022 to 2032 |
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Historic Data Available for |
2015 to 2021 |
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Market Analysis |
USD Million for Value |
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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 |
|
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Key regions covered |
North America
Latin America
Western Europe
Eastern Europe
South Asia Pacific
Middle East & Africa
Rest of the World
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|
Application |
|
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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 Used 22. 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
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