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Table of Contents
1 INTRODUCTION 22
1.1 OBJECTIVES OF THE STUDY 22
1.2 DEFINITION 22
1.3 INCLUSIONS AND EXCLUSIONS 23
1.3.1 GAS ENGINES MARKET, BY FUEL TYPE 23
1.3.2 GAS ENGINES MARKET, BY POWER OUTPUT 23
1.3.3 GAS ENGINES MARKET, BY APPLICATION 23
1.3.4 GAS ENGINES MARKET, BY END-USER INDUSTRY 23
1.3.5 GAS ENGINES MARKET, BY REGION 23
1.4 MARKET SCOPE 24
1.4.1 GAS ENGINES MARKET SEGMENTATION 24
1.4.2 REGIONAL SCOPE 24
1.5 YEARS CONSIDERED FOR THE STUDY 25
1.6 CURRENCY 25
1.7 LIMITATIONS 25
1.8 STAKEHOLDERS 26
1.9 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
FIGURE 1 GAS ENGINES MARKET: RESEARCH DESIGN 28
2.1.1 SECONDARY DATA 29
2.1.1.1 Key data from secondary sources 29
2.1.2 PRIMARY DATA 30
2.1.2.1 Key data from primary sources 30
2.1.2.2 Breakdown of primaries 31
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 31
FIGURE 3 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR GAS ENGINES 32
2.2 MARKET SIZE ESTIMATION 32
2.2.1 BOTTOM-UP APPROACH 32
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 32
2.2.2 TOP-DOWN APPROACH 33
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 33
2.2.3 DEMAND-SIDE ANALYSIS 34
2.2.3.1 Regional analysis 34
2.2.3.2 Country analysis 35
2.2.3.3 Demand-side assumptions 35
2.2.3.4 Demand-side calculations 35
2.2.4 SUPPLY-SIDE ANALYSIS 36
FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING THE SUPPLY OF GAS ENGINES 36
FIGURE 7 GAS ENGINES MARKET: SUPPLY-SIDE ANALYSIS 36
2.2.4.1 Supply-side calculations 37
2.2.4.2 Supply-side assumptions 37
2.2.5 FORECAST 37
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 8 DATA TRIANGULATION METHODOLOGY 38
3 EXECUTIVE SUMMARY 39
TABLE 1 GAS ENGINES MARKET SNAPSHOT 40
FIGURE 9 NATURAL GAS SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF THE GAS ENGINES MARKET, BY FUEL TYPE, FROM 2022 TO 2027 41
FIGURE 10 ABOVE 15 MW SEGMENT TO LEAD THE GAS ENGINES MARKET, BY POWER OUTPUT, FROM 2022 TO 2027 41
FIGURE 11 MECHANICAL DRIVE TO LEAD THE GAS ENGINES MARKET, BY APPLICATION, FROM 2022 TO 2027 42
FIGURE 12 UTILITIES SEGMENT TO HOLD LARGER SHARE OF GAS ENGINES MARKET,
BY END-USER INDUSTRY, FROM 2022 TO 2027 42
FIGURE 13 ASIA PACIFIC DOMINATED THE GAS ENGINES MARKET IN 2021 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN THE GAS ENGINES MARKET 44
FIGURE 14 NEED TO COMPLY WITH EMISSION REGULATIONS AND ENVIRONMENTAL CONCERNS OF CONVENTIONAL POWER GENERATION ARE EXPECTED TO DRIVE THE GAS ENGINES MARKET BETWEEN 2022 AND 2027 44
4.2 ASIA PACIFIC: GAS ENGINES MARKET, BY END-USER INDUSTRY AND COUNTRY 45
FIGURE 15 MARINE END-USER INDUSTRY AND CHINA HELD THE LARGEST SHARES OF THE GAS ENGINES MARKET IN ASIA PACIFIC IN 2021 45
4.3 GAS ENGINES MARKET, BY FUEL TYPE 45
FIGURE 16 NATURAL GAS TO ACCOUNT FOR LARGEST SHARE, BY FUEL TYPE, IN 2027 45
4.4 GAS ENGINES MARKET, BY POWER OUTPUT 46
FIGURE 17 ABOVE 15 MW SEGMENT TO DOMINATE THE GAS ENGINES MARKET,
BY POWER OUTPUT, IN 2027 46
4.5 GAS ENGINES MARKET, BY APPLICATION 46
FIGURE 18 MECHANICAL DRIVE SEGMENT TO HOLD LARGEST SHARE OF THE GAS ENGINES MARKET, BY APPLICATION, IN 2027 46
4.6 GAS ENGINES MARKET, BY END-USER INDUSTRY 47
FIGURE 19 UTILITIES SEGMENT TO DOMINATE THE GAS ENGINES MARKET,
BY END-USER INDUSTRY, IN 2027 47
4.7 GAS ENGINES MARKET, BY REGION 47
FIGURE 20 EUROPEAN MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 COVID-19 HEALTH ASSESSMENT 48
FIGURE 21 GLOBAL PROPAGATION OF COVID-19 49
FIGURE 22 PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES 49
5.3 COVID-19 ECONOMIC ASSESSMENT 50
FIGURE 23 REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020 50
5.4 MARKET DYNAMICS 51
FIGURE 24 GAS ENGINES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 51
5.4.1 DRIVERS 51
5.4.1.1 Rising demand for clean and efficient power generation technology 51
FIGURE 25 NATURAL GAS CONSUMPTION, 2010–2020 52
TABLE 2 CO2 EMISSION LEVELS (PER MILLION BTU OF ENERGY) 52
5.4.1.2 Increase in the use of distributed power generation systems 53
FIGURE 26 MINIMUM AVERAGE EFFICIENCY OF CHP SYSTEMS, BY POWER SOURCE 53
5.4.1.3 Stricter emission regulations 53
FIGURE 27 GLOBAL CARBON DIOXIDE EMISSIONS, 2015–2020 54
5.4.2 RESTRAINTS 54
5.4.2.1 Geopolitical instability affecting the supply and pricing of natural gas 54
5.4.2.2 Price variations across regional markets 55
FIGURE 28 GAS PRODUCTION VS. CONSUMPTION, 2020 55
5.4.3 OPPORTUNITIES 55
5.4.3.1 Inclination towards gas-fired power plants 55
5.4.3.2 Adoption of natural gas as a transition fuel 56
5.4.4 CHALLENGES 56
5.4.4.1 Infrastructural shortcomings 56
5.4.4.2 Limited natural gas reserves 56
5.5 COVID-19 IMPACT 57
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 57
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR GAS ENGINE PROVIDERS 57
FIGURE 29 REVENUE SHIFT FOR GAS ENGINE PROVIDERS 58
5.7 MARKET MAP 58
FIGURE 30 MARKET MAP: GAS ENGINES MARKET 58
TABLE 3 GAS ENGINES MARKET: ROLE IN ECOSYSTEM 59
5.8 VALUE CHAIN ANALYSIS 61
FIGURE 31 VALUE CHAIN ANALYSIS: GAS ENGINES MARKET 61
5.8.1 RAW MATERIAL PROVIDERS/SUPPLIERS 62
5.8.2 COMPONENT MANUFACTURERS 62
5.8.3 GAS ENGINE MANUFACTURERS/ASSEMBLERS 62
5.8.4 DISTRIBUTORS (BUYERS)/END USERS 62
5.8.5 POST-SALES SERVICES 62
5.9 TECHNOLOGY ANALYSIS 63
5.9.1 IOT-CONNECTED GAS ENGINES 63
5.10 AVERAGE SELLING PRICES 63
TABLE 4 AVERAGE SELLING PRICES OF GAS ENGINES, 2021 63
5.11 TARIFFS, CODES, AND REGULATIONS 64
5.11.1 TARIFFS RELATED TO GAS ENGINES 64
TABLE 5 IMPORT TARIFFS FOR HS 841280 ENGINES AND MOTORS NES IN 2019 64
5.11.2 CODES AND REGULATIONS RELATED TO GAS ENGINES 65
TABLE 6 GAS ENGINES: CODES AND REGULATIONS 65
5.12 INNOVATIONS AND PATENT REGISTRATIONS 66
TABLE 7 GAS ENGINES: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2018–JANUARY 2022 66
5.13 PORTER’S FIVE FORCES ANALYSIS 78
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS FOR GAS ENGINES MARKET 78
TABLE 8 GAS ENGINES MARKET: PORTER’S FIVE FORCES ANALYSIS 78
5.13.1 THREAT FROM SUBSTITUTES 79
5.13.2 BARGAINING POWER OF SUPPLIERS 79
5.13.3 BARGAINING POWER OF BUYERS 79
5.13.4 THREAT FROM NEW ENTRANTS 79
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 80
5.14 CASE STUDY ANALYSIS 80
5.14.1 WÄRTSILÄ’S STATE-OF-THE-ART SMART POWER GENERATION PLANT IN GERMANY BALANCES THE INTERMITTENCY OF RENEWABLE POWER 80
5.14.1.1 Problem statement 80
5.14.1.2 Solution 80
5.14.2 WÄRTSILÄ PROVIDES GAS ENGINES FOR A RESERVE CAPACITY POWER PLANT IN KIISA, ESTONIA 80
5.14.2.1 Problem statement 80
5.14.2.2 Solution 80
5.14.3 VOLKSWAGEN (MAN ENERGY SOLUTIONS) RETROFITS VERY LARGE GAS CARRIERS (VLGC) WITH DUAL-FUEL PROPULSION ENGINES USING ITS LGIP TECHNOLOGY 81
5.14.3.1 Problem statement 81
5.14.3.2 Solution 81
5.14.4 INNIO JENBACHER PROVIDES GAS ENGINES TO CONVERT GREEN HYDROGEN MIX TO POWER IN ARGENTINA 81
5.14.4.1 Problem statement 81
5.14.4.2 Solution 81
6 GAS ENGINES MARKET, BY FUEL TYPE 82
6.1 INTRODUCTION 83
FIGURE 33 GAS ENGINES MARKET, BY FUEL TYPE, 2021 83
TABLE 9 GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 83
6.2 NATURAL GAS 83
6.2.1 GROWING NEED FOR CLEAN BURNING FUELS DRIVES THE GROWTH OF THE NATURAL GAS ENGINES MARKET 83
TABLE 10 NATURAL GAS: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION) 84
6.3 SPECIAL GAS 84
6.3.1 GOVERNMENT INITIATIVES AND SUBSIDIES ARE EXPECTED TO INCREASE THE DEMAND FOR SPECIAL GAS IN THE GAS ENGINES MARKET 84
TABLE 11 SPECIAL GAS: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION) 85
6.4 OTHERS 85
TABLE 12 OTHERS: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION) 85
7 GAS ENGINES MARKET, BY POWER OUTPUT 86
7.1 INTRODUCTION 87
FIGURE 34 GAS ENGINES MARKET, BY POWER OUTPUT, 2021 87
TABLE 13 GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 87
TABLE 14 GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS) 88
7.2 0.5–1 MW 88
7.2.1 INCREASING NEED FOR STANDBY POWER AND DISTRIBUTED POWER GENERATION FROM SMALL-SCALE FACILITIES TO DRIVE GROWTH IN THE 0.5–1 MW SEGMENT 88
TABLE 15 0.5–1 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION) 89
TABLE 16 0.5–1 MW: GAS ENGINES MARKET VOLUME, BY REGION,
2020–2027 (UNITS) 89
7.3 1–2 MW 90
7.3.1 GROWTH IN DEMAND FOR CONTINUOUS POWER SUPPLY TO DRIVE THE
1–2 MW SEGMENT OF THE GAS ENGINES MARKET 90
TABLE 17 1–2 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION) 90
TABLE 18 1–2 MW: GAS ENGINES MARKET VOLUME, BY REGION, 2020–2027 (UNITS) 90
7.4 2–5 MW 91
7.4.1 LOW EMISSION LEVELS AND HIGH OPERATIONAL EFFICIENCY DRIVE THE DEMAND FOR THE 2–5 MW SEGMENT OF THE GAS ENGINES MARKET 91
TABLE 19 2–5 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION) 91
TABLE 20 2–5 MW: GAS ENGINES MARKET VOLUME, BY REGION, 2020–2027 (UNITS) 91
7.5 5–15 MW 92
7.5.1 GROWTH OF COGENERATION POWER PLANTS BOOSTS THE GROWTH OF THE 5–15 MW SEGMENT 92
TABLE 21 5–15 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION) 92
TABLE 22 5–15 MW: GAS ENGINES MARKET VOLUME, BY REGION, 2020–2027 (UNITS) 92
7.6 ABOVE 15 MW 93
7.6.1 GROWTH IN DEMAND FOR CLEAN AND ECONOMIC POWER SUPPLY DRIVES THE ABOVE 15 MW SEGMENT OF THE GAS ENGINES MARKET 93
TABLE 23 ABOVE 15 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION) 93
TABLE 24 ABOVE 15 MW: GAS ENGINES MARKET VOLUME, BY REGION,
2020–2027 (UNITS) 94
8 GAS ENGINES MARKET, BY APPLICATION 95
8.1 INTRODUCTION 96
FIGURE 35 GAS ENGINES MARKET, BY APPLICATION, 2021 96
TABLE 25 GAS ENGINES MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 96
8.2 POWER GENERATION 97
8.2.1 INCREASING DEMAND FOR ELECTRICITY AND THE TREND OF DISTRIBUTED POWER GENERATION IN EUROPE TO FUEL GROWTH IN THE POWER GENERATION SEGMENT 97
TABLE 26 POWER GENERATION: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION) 97
8.3 COGENERATION 98
8.3.1 INCREASED EFFICIENCY OF POWER SYSTEMS BY COGENERATION IS DRIVING THE GROWTH OF THE COGENERATION SEGMENT 98
TABLE 27 COGENERATION: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION) 98
8.4 MECHANICAL DRIVE 99
8.4.1 MANUFACTURING AND OIL & GAS OPERATIONS TO PROPEL THE GROWTH OF THE MECHANICAL DRIVE SEGMENT 99
TABLE 28 MECHANICAL DRIVE: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION) 99
8.5 OTHERS 100
TABLE 29 OTHERS: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION) 100
9 GAS ENGINES MARKET, BY END-USER INDUSTRY 101
9.1 INTRODUCTION 102
FIGURE 36 GAS ENGINES MARKET, BY END-USER INDUSTRY, 2021 102
TABLE 30 GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION) 102
9.2 UTILITIES 103
9.2.1 NEED FOR CLEANER AND COST-EFFICIENT POWERING FUELS TO DRIVE THE DEMAND FOR GAS ENGINES IN POWER UTILITIES 103
TABLE 31 UTILITIES: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION) 103
9.3 MANUFACTURING 104
9.3.1 CONTINUOUS AND CLEANER POWER GENERATION REQUIREMENT TO DRIVE THE DEMAND FOR GAS ENGINES IN THE MANUFACTURING SEGMENT OF THE GAS ENGINES MARKET 104
TABLE 32 MANUFACTURING: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION) 104
9.4 MARINE 105
9.4.1 DEMAND FOR CLEANER ENGINES FOR MARINE PROPULSION AND GENERATING SETS TO DRIVE THE DEMAND FOR GAS ENGINES IN THIS SEGMENT 105
TABLE 33 MARINE: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION) 105
9.5 OIL & GAS 106
9.5.1 AVAILABILITY OF FLARE GAS AND LNG TO DRIVE THE DEMAND FOR GAS ENGINES IN THE OIL & GAS SEGMENT 106
TABLE 34 OIL & GAS: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION) 106
9.6 OTHERS 107
TABLE 35 OTHERS: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION) 107
10 GAS ENGINES MARKET, BY REGION 108
10.1 INTRODUCTION 109
FIGURE 37 GAS ENGINES MARKET SHARE, BY REGION, 2021 (%) 110
FIGURE 38 GAS ENGINES MARKET IN EUROPE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 110
TABLE 36 GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION) 111
10.2 ASIA PACIFIC 111
FIGURE 39 SNAPSHOT: ASIA PACIFIC GAS ENGINES MARKET 112
10.2.1 BY FUEL TYPE 113
TABLE 37 ASIA PACIFIC: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 113
10.2.2 BY POWER OUTPUT 113
TABLE 38 ASIA PACIFIC: GAS ENGINES MARKET SIZE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 113
TABLE 39 ASIA PACIFIC: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 113
10.2.3 BY APPLICATION 114
TABLE 40 ASIA PACIFIC: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 114
10.2.4 BY END-USER INDUSTRY 114
TABLE 41 ASIA PACIFIC: GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION) 114
10.2.5 BY COUNTRY 114
TABLE 42 ASIA PACIFIC: GAS ENGINES MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 114
10.2.5.1 China 115
10.2.5.1.1 Increasing power demand and focus on becoming a low-carbon economy to drive the gas engines market in China 115
TABLE 43 CHINA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 115
TABLE 44 CHINA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 116
TABLE 45 CHINA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 116
10.2.5.2 India 116
10.2.5.2.1 Rising requirement for efficient power generation technologies to meet increasing demand is expected to drive the gas engines market in India 116
TABLE 46 INDIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 117
TABLE 47 INDIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 117
TABLE 48 INDIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 118
10.2.5.3 Japan 118
10.2.5.3.1 Aging power generation infrastructure and its replacement to achieve higher efficiency and reduced emissions are likely to drive the gas engines market in Japan 118
TABLE 49 JAPAN: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 119
TABLE 50 JAPAN: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 119
TABLE 51 JAPAN: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 119
10.2.5.4 Rest of Asia Pacific 120
TABLE 52 REST OF ASIA PACIFIC: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 120
TABLE 53 REST OF ASIA PACIFIC: GAS ENGINES MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION) 121
TABLE 54 REST OF ASIA PACIFIC: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (USD MILLION) 121
10.3 EUROPE 122
FIGURE 40 SNAPSHOT: EUROPEAN GAS ENGINES MARKET 122
10.3.1 BY FUEL TYPE 123
TABLE 55 EUROPE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 123
10.3.2 BY POWER OUTPUT 123
TABLE 56 EUROPE: GAS ENGINES MARKET SIZE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 123
TABLE 57 EUROPE: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 123
10.3.3 BY APPLICATION 124
TABLE 58 EUROPE: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 124
10.3.4 BY END-USER INDUSTRY 124
TABLE 59 EUROPE: GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION) 124
10.3.5 BY COUNTRY 124
TABLE 60 EUROPE: GAS ENGINES MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 124
10.3.5.1 Germany 125
10.3.5.1.1 Growth in cogeneration applications to drive the gas engines market in Germany 125
TABLE 61 GERMANY: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 125
TABLE 62 GERMANY: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 125
TABLE 63 GERMANY: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 126
10.3.5.2 UK 126
10.3.5.2.1 Need for flexible power generation to drive the gas engines market in the country 126
TABLE 64 UK: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 126
TABLE 65 UK: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 127
TABLE 66 UK: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 127
10.3.5.3 Russia 127
10.3.5.3.1 Reduction of emissions along with rising demand for cogeneration power and greenhouses to fuel the gas engines market in Russia 127
TABLE 67 RUSSIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 128
TABLE 68 RUSSIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 128
TABLE 69 RUSSIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 128
10.3.5.4 Italy 129
10.3.5.4.1 Increasing demand for higher overall energy efficiency is expected to drive the gas engines market in Italy 129
TABLE 70 ITALY: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 129
TABLE 71 ITALY: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 130
TABLE 72 ITALY: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 130
10.3.5.5 France 130
10.3.5.5.1 Increasing requirement for gas-fired power plants to support the electricity system is expected to drive the gas engines market in France 130
TABLE 73 FRANCE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 131
TABLE 74 FRANCE: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 131
TABLE 75 FRANCE: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 131
10.3.5.6 Rest of Europe 132
TABLE 76 REST OF EUROPE: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 132
TABLE 77 REST OF EUROPE: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 132
TABLE 78 REST OF EUROPE: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS) 133
10.4 NORTH AMERICA 133
10.4.1 BY FUEL TYPE 134
TABLE 79 NORTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 134
10.4.2 BY POWER OUTPUT 135
TABLE 80 NORTH AMERICA: GAS ENGINES MARKET SIZE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 135
TABLE 81 NORTH AMERICA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS) 135
10.4.3 BY APPLICATION 135
TABLE 82 NORTH AMERICA: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 135
10.4.4 BY END-USER INDUSTRY 136
TABLE 83 NORTH AMERICA: GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION) 136
10.4.5 BY COUNTRY 136
TABLE 84 NORTH AMERICA: GAS ENGINES MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 136
10.4.5.1 US 136
10.4.5.1.1 Government policies supporting cogeneration and replacement of aging coal-fired power plants with gas-fired to drive the gas engines market in the country 136
TABLE 85 US: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 137
TABLE 86 US: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 138
TABLE 87 US: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 138
10.4.5.2 Canada 138
10.4.5.2.1 Increasing cogeneration applications and requirement of low-emission power generation to propel the gas engines market in the country 138
TABLE 88 CANADA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 139
TABLE 89 CANADA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 139
TABLE 90 CANADA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 140
10.4.5.3 Mexico 140
10.4.5.3.1 Focus on diversifying the energy mix and reducing emissions to drive the gas engines market in Mexico 140
TABLE 91 MEXICO: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 141
TABLE 92 MEXICO: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 141
TABLE 93 MEXICO: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 141
10.5 SOUTH AMERICA 142
10.5.1 BY FUEL TYPE 142
TABLE 94 SOUTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 142
10.5.2 BY POWER OUTPUT 143
TABLE 95 SOUTH AMERICA: GAS ENGINES MARKET SIZE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 143
TABLE 96 SOUTH AMERICA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS) 143
10.5.3 BY APPLICATION 143
TABLE 97 SOUTH AMERICA: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 143
10.5.4 BY END-USER INDUSTRY 144
TABLE 98 SOUTH AMERICA: GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION) 144
10.5.5 BY COUNTRY 144
TABLE 99 SOUTH AMERICA: GAS ENGINES MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 144
10.5.5.1 Brazil 144
10.5.5.1.1 Increasing demand for power and mechanical drive from the industrial sector to fuel the demand for gas engines in Brazil 144
TABLE 100 BRAZIL: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 145
TABLE 101 BRAZIL: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 145
TABLE 102 BRAZIL: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 146
10.5.5.2 Argentina 146
10.5.5.2.1 Rising power demand from the oil & gas industry and the inclination towards cogeneration is expected to propel the gas engines market in the country 146
TABLE 103 ARGENTINA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 147
TABLE 104 ARGENTINA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 147
TABLE 105 ARGENTINA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 147
10.5.5.3 Rest of South America 148
TABLE 106 REST OF SOUTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 148
TABLE 107 REST OF SOUTH AMERICA: GAS ENGINES MARKET VALUE,
BY POWER OUTPUT, 2020–2027 (USD MILLION) 148
TABLE 108 REST OF SOUTH AMERICA: GAS ENGINES MARKET VOLUME,
BY POWER OUTPUT, 2020–2027 (UNITS) 149
10.6 MIDDLE EAST & AFRICA 149
10.6.1 BY FUEL TYPE 150
TABLE 109 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 150
10.6.2 BY POWER OUTPUT 150
TABLE 110 MIDDLE EAST & AFRICA: GAS ENGINES MARKET SIZE, BY POWER OUTPUT, 2020–2027 (USD MILLION) 150
TABLE 111 MIDDLE EAST & AFRICA: GAS ENGINES MARKET VOLUME,
BY POWER OUTPUT, 2020–2027 (UNITS) 150
10.6.3 BY APPLICATION 151
TABLE 112 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION) 151
10.6.4 BY END-USER INDUSTRY 151
TABLE 113 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION) 151
10.6.5 BY COUNTRY 152
TABLE 114 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY COUNTRY,
2020–2027 (USD MILLION) 152
10.6.5.1 Saudi Arabia 152
10.6.5.1.1 Emerging trend of efficient power generation from gas and favorable government policies are expected to drive the gas engines market in Saudi Arabia 152
TABLE 115 SAUDI ARABIA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION) 153
TABLE 116 SAUDI ARABIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 153
TABLE 117 SAUDI ARABIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 153
10.6.5.2 UAE 154
10.6.5.2.1 Increasing share of clean fuels and renewables in UAE’s electricity generation mix likely to drive the growth of the gas engines market in the UAE 154
TABLE 118 UAE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 154
TABLE 119 UAE: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 155
TABLE 120 UAE: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 155
10.6.5.3 Egypt 155
10.6.5.3.1 Increasing gas production and the focus on energy efficiency and diversifying power generation will boost the gas engines market in Egypt 155
TABLE 121 EGYPT: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 156
TABLE 122 EGYPT: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 156
TABLE 123 EGYPT: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 156
10.6.5.4 Nigeria 157
10.6.5.4.1 Increasing oil & gas activities and adoption of gas-based power generation to drive the market for gas engines in Egypt 157
TABLE 124 NIGERIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 157
TABLE 125 NIGERIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION) 158
TABLE 126 NIGERIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS) 158
10.6.5.5 Rest of Middle East & Africa 158
TABLE 127 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION) 159
TABLE 128 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET VALUE,
BY POWER OUTPUT, 2020–2027 (USD MILLION) 159
TABLE 129 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET VOLUME,
BY POWER OUTPUT, 2020–2027 (UNITS) 159
11 COMPETITIVE LANDSCAPE 160
11.1 KEY PLAYER STRATEGIES 160
TABLE 130 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS,
JANUARY 2018–DECEMBER 2021 160
11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 164
TABLE 131 GAS ENGINES MARKET: DEGREE OF COMPETITION 164
FIGURE 41 GAS ENGINES MARKET SHARE ANALYSIS, 2021 164
11.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 165
FIGURE 42 TOP PLAYERS IN GAS ENGINES MARKET FROM 2017 TO 2021 165
11.4 COMPANY EVALUATION QUADRANT 166
11.4.1 STARS 166
11.4.2 PERVASIVE PLAYERS 166
11.4.3 EMERGING LEADERS 166
11.4.4 PARTICIPANTS 166
FIGURE 43 COMPETITIVE LEADERSHIP MAPPING: GAS ENGINES MARKET, 2021 167
11.5 GAS ENGINES MARKET: COMPANY FOOTPRINT 168
TABLE 132 BY FUEL TYPE: COMPANY FOOTPRINT 168
TABLE 133 BY END-USE INDUSTRY: COMPANY FOOTPRINT 169
TABLE 134 BY REGION: COMPANY FOOTPRINT 170
TABLE 135 BY COMPANY FOOTPRINT 171
11.6 COMPETITIVE SCENARIO 172
TABLE 136 GAS ENGINES MARKET: PRODUCT LAUNCHES,
JANUARY 2018–DECEMBER 2021 172
TABLE 137 GAS ENGINES MARKET: DEALS, JANUARY 2018–DECEMBER 2021 173
TABLE 138 GAS ENGINES MARKET: OTHER DEVELOPMENTS, JANUARY 2018–DECEMBER 2021 175
12 COMPANY PROFILES 177
(Business overview, Products offered, Recent developments & MnM View)*
12.1 KEY PLAYERS 177
12.1.1 CATERPILLAR 177
TABLE 139 CATERPILLAR: BUSINESS OVERVIEW 177
FIGURE 44 CATERPILLAR: COMPANY SNAPSHOT (2020) 178
TABLE 140 CATERPILLAR: PRODUCTS OFFERED 179
TABLE 141 CATERPILLAR: PRODUCT LAUNCHES 180
TABLE 142 CATERPILLAR: DEALS 181
TABLE 143 CATERPILLAR: OTHER DEVELOPMENTS 182
12.1.2 WÄRTSILÄ 184
TABLE 144 WÄRTSILÄ: BUSINESS OVERVIEW 184
FIGURE 45 WÄRTSILÄ: COMPANY SNAPSHOT (2021) 185
TABLE 145 WÄRTSILÄ: PRODUCTS OFFERED 185
TABLE 146 WÄRTSILÄ: PRODUCT LAUNCHES 186
TABLE 147 WÄRTSILÄ: DEALS 187
12.1.3 ROLLS-ROYCE HOLDINGS 189
TABLE 148 ROLLS-ROYCE HOLDINGS: BUSINESS OVERVIEW 189
FIGURE 46 ROLLS-ROYCE HOLDINGS: COMPANY SNAPSHOT (2020) 190
TABLE 149 ROLLS-ROYCE HOLDINGS: PRODUCTS OFFERED 190
TABLE 150 ROLLS-ROYCE HOLDINGS: PRODUCT LAUNCHES 191
TABLE 151 ROLLS-ROYCE HOLDINGS: DEALS 193
TABLE 152 ROLLS-ROYCE HOLDINGS: OTHER DEVELOPMENTS 194
12.1.4 CUMMINS 198
TABLE 153 CUMMINS: BUSINESS OVERVIEW 198
FIGURE 47 CUMMINS: COMPANY SNAPSHOT (2020) 199
TABLE 154 CUMMINS: PRODUCTS OFFERED 199
TABLE 155 CUMMINS: PRODUCT LAUNCHES 200
TABLE 156 CUMMINS: DEALS 201
12.1.5 VOLKSWAGEN (MAN ENERGY SOLUTIONS) 203
TABLE 157 VOLKSWAGEN (MAN ENERGY SOLUTIONS): BUSINESS OVERVIEW 203
FIGURE 48 VOLKSWAGEN (MAN ENERGY SOLUTIONS): COMPANY SNAPSHOT (2020) 204
TABLE 158 VOLKSWAGEN (MAN ENERGY SOLUTIONS): PRODUCTS OFFERED 204
TABLE 159 VOLKSWAGEN (MAN ENERGY SOLUTIONS): PRODUCT LAUNCHES 205
TABLE 160 VOLKSWAGEN (MAN ENERGY SOLUTIONS): DEALS 206
TABLE 161 VOLKSWAGEN (MAN ENERGY SOLUTIONS): OTHER DEVELOPMENTS 208
12.1.6 SIEMENS ENERGY 211
TABLE 162 SIEMENS ENERGY: BUSINESS OVERVIEW 211
FIGURE 49 SIEMENS ENERGY: COMPANY SNAPSHOT (2021) 212
TABLE 163 SIEMENS ENERGY: PRODUCTS OFFERED 213
TABLE 164 SIEMENS ENERGY: DEALS 214
12.1.7 MITSUBISHI HEAVY INDUSTRIES, LTD. 216
TABLE 165 MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW 216
FIGURE 50 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020) 217
TABLE 166 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED 217
TABLE 167 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES 218
TABLE 168 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS 219
TABLE 169 MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHER DEVELOPMENTS 219
12.1.8 INNIO 220
TABLE 170 INNIO: BUSINESS OVERVIEW 220
TABLE 171 INNIO: PRODUCTS OFFERED 221
TABLE 172 INNIO: PRODUCT LAUNCHES 221
TABLE 173 INNIO: DEALS 223
TABLE 174 INNIO: OTHER DEVELOPMENTS 224
12.1.9 KAWASAKI HEAVY INDUSTRIES, LTD. 225
TABLE 175 KAWASAKI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW 225
FIGURE 51 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020) 226
TABLE 176 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED 227
TABLE 177 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES 227
TABLE 178 KAWASAKI HEAVY INDUSTRIES, LTD.: DEALS 228
12.1.10 NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD. 229
TABLE 179 NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD.: BUSINESS OVERVIEW 229
TABLE 180 NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD: PRODUCTS OFFERED 229
12.1.11 IHI POWER SYSTEMS 230
TABLE 181 IHI POWER SYSTEMS: BUSINESS OVERVIEW 230
TABLE 182 IHI POWER SYSTEMS: PRODUCTS OFFERED 230
12.1.12 JFE ENGINEERING CORPORATION 231
TABLE 183 JFE ENGINEERING CORPORATION: BUSINESS OVERVIEW 231
TABLE 184 JFE ENGINEERING CORPORATION: PRODUCTS OFFERED 231
12.1.13 LIEBHERR 232
TABLE 185 LIEBHERR: BUSINESS OVERVIEW 232
FIGURE 52 LIEBHERR: COMPANY SNAPSHOT (2020) 233
TABLE 186 LIEBHERR: PRODUCTS OFFERED 233
12.1.14 HYUNDAI HEAVY INDUSTRIES CO., LTD. 234
TABLE 187 HYUNDAI HEAVY INDUSTRIES CO., LTD.: BUSINESS OVERVIEW 234
FIGURE 53 HYUNDAI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020) 234
TABLE 188 HYUNDAI HEAVY INDUSTRIES CO., LTD.: PRODUCTS OFFERED 235
TABLE 189 HYUNDAI HEAVY INDUSTRIES CO., LTD.: PRODUCT LAUNCHES 236
TABLE 190 HYUNDAI HEAVY INDUSTRIES CO., LTD: OTHER DEVELOPMENTS 236
12.1.15 JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD 237
TABLE 191 JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD.: BUSINESS OVERVIEW 237
TABLE 192 JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD: PRODUCTS OFFERED 237
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 238
12.2.1 R SCHMITT ENERTEC 238
12.2.2 CNPC JICHAI POWER COMPLEX 238
12.2.3 FAIRBANKS MORSE 239
12.2.4 GOOGOL ENGINE TECH 239
12.2.5 BAUDOUIN 240
13 APPENDIX 241
13.1 INSIGHTS FROM INDUSTRY EXPERTS 241
13.2 DISCUSSION GUIDE 241
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 246
13.4 AVAILABLE CUSTOMIZATIONS 248
13.5 RELATED REPORTS 248
13.6 AUTHOR DETAILS 249
