Summary

The global market for gas engines is poised for substantial growth, with a projected trajectory reaching USD 6.3 billion by the year 2029. This represents a noteworthy increase from the estimated value of USD 5.1 billion in 2024, reflecting a steady Compound Annual Growth Rate (CAGR) of 4.5% over the period spanning from 2024 to 2029. The gas engine market is experiencing significant growth driven by several key factors. One of the primary drivers is the increasing demand for cleaner and more sustainable energy solutions worldwide. As industries and governments focus on reducing carbon emissions and transitioning away from traditional fossil fuels, gas engines offer a compelling alternative with lower emissions and higher efficiency. Additionally, advancements in gas engine technology, such as improved fuel efficiency and reliability, further contribute to market growth by enhancing the performance and versatility of these engines across various applications. Moreover, the rising demand for decentralized power generation solutions, particularly in industries like utilities, manufacturing, and oil and gas, is fueling the adoption of gas engines for onsite power generation and cogeneration. Furthermore, supportive government policies and incentives promoting the use of natural gas and renewable energy sources are driving market expansion by incentivizing investments in gas engine infrastructure. With favorable market dynamics and increasing awareness of environmental sustainability, the gas engine market is poised for continued growth in the foreseeable future. “5.1-15 MW segment, by power output, to be fastest growing market from 2024 to 2029.” The 5.1-15 MW segment, categorized by power output, is anticipated to emerge as the fastest-growing market from 2024 to 2029 due to several key factors driving its rapid expansion. Firstly, gas engines within this power range offer a substantial increase in power capacity, making them suitable for larger-scale applications across a diverse range of industries. These engines are particularly well-suited for medium to large-scale power generation projects, industrial facilities, and utility-scale cogeneration applications. Additionally, advancements in gas engine technology have enhanced the efficiency, reliability, and performance of engines within this power range, making them increasingly attractive to end-users seeking robust and cost-effective power solutions. Moreover, the versatility of gas engines in the 5.1-15 MW range allows for flexible deployment in various grid support and distributed energy generation applications, further driving their market growth. Furthermore, the growing demand for decentralized power generation solutions, coupled with increasing investments in infrastructure development and renewable energy integration, is expected to bolster the adoption of gas engines in this segment. With these favorable market conditions and the scalability of gas engines in the 5.1-15 MW range, this segment is poised to witness significant growth during the forecast period. “Utilities Segment, by end-use industry, to be the largest market from 2024 to 2029.” The utilities segment, classified by end-use industry, is projected to emerge as the largest market from 2024 to 2029 due to several driving factors contributing to its dominance. Utilities encompass a wide range of services, including electricity, gas, and water supply, and they rely heavily on gas engines for power generation and cogeneration applications. Gas engines offer utilities a reliable and efficient solution for electricity generation, enabling them to meet the increasing energy demands of modern societies while enhancing grid stability. Additionally, gas engines provide utilities with the flexibility to deploy them in various applications such as peak shaving, grid support, and distributed energy generation, further solidifying their position in the market. Furthermore, the transition towards cleaner energy sources and the increasing focus on sustainability are driving utilities to adopt gas engines, which offer lower emissions and greater fuel flexibility compared to traditional fossil fuel-based power generation. With supportive government policies, incentives, and the need for reliable and sustainable energy solutions, the utilities segment is poised to maintain its dominance in the gas engine market during the forecast period. “Asia Pacific to be largest and fastest growing region in gas engine market.” The Asia Pacific region is poised to emerge as both the largest and fastest-growing region in the gas engine market due to several compelling factors driving its prominence. Firstly, rapid industrialization, urbanization, and population growth across countries in the region are leading to a significant increase in energy demand across various sectors. Gas engines offer a reliable and efficient solution for power generation, cogeneration, and mechanical drive applications, making them indispensable in meeting the escalating energy needs of these rapidly developing economies. Additionally, supportive government policies and initiatives aimed at promoting cleaner energy sources and reducing greenhouse gas emissions are accelerating the adoption of gas engines in the Asia Pacific region. Moreover, the abundance of natural gas resources in countries like China, India, and Australia enhances the attractiveness of gas engines as cost-effective and sustainable power generation solutions. Furthermore, ongoing investments in infrastructure development, including power plants, distributed energy systems, and transportation networks, further drive the demand for gas engines across the region. With favorable market dynamics, increasing investment inflows, and a growing emphasis on sustainability, the Asia Pacific region is positioned for substantial growth in the gas engine market, making it both the largest and fastest-growing region in the foreseeable future. Breakdown of Primaries: Important qualitative and quantitative data were gathered and verified, as well as future market prospects, through in-depth interviews with subject-matter experts, C-level executives of major market players, industry consultants, and other experts. The following is how the main interviews were dispersed: By Company Type: Tier 1-40%, Tier 2-35%, and Tier 3-25% By Designation: C-Level-35%, D-Level-25%, and Others-40% By Region: Asia Pacific–55%, North America–20%, Europe–12%, Middle East & Africa–8%, and South America–5% Note: “Others” include sales managers, engineers, and regional managers The tiers of the companies are defined based on their total revenue as of 2023: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3:

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Table of Contents

1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 DEFINITION 25
1.3 INCLUSIONS AND EXCLUSIONS 26
1.3.1 GAS ENGINES MARKET, BY FUEL TYPE 26
1.3.2 GAS ENGINES MARKET, BY POWER OUTPUT 26
1.3.3 GAS ENGINES MARKET, BY APPLICATION 26
1.3.4 GAS ENGINES MARKET, BY END-USE INDUSTRY 26
1.3.5 GAS ENGINES MARKET, BY REGION 26
1.4 MARKET SCOPE 27
1.4.1 GAS ENGINES MARKET SEGMENTATION 27
1.4.2 REGIONAL SCOPE 27
1.5 YEARS CONSIDERED 28
1.6 CURRENCY 28
1.7 LIMITATIONS 28
1.8 STAKEHOLDERS 29
1.9 SUMMARY OF CHANGES 29
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 GAS ENGINES MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
2.1.2.1 Key data from primary sources 33
2.1.2.2 Breakdown of primaries 34
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 34
FIGURE 3 GAS ENGINES DEMAND: MAIN METRICS CONSIDERED FOR ANALYSIS AND ASSESSMENT 35
2.2 MARKET SIZE ESTIMATION 35
2.2.1 BOTTOM-UP APPROACH 35
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 35
2.2.2 TOP-DOWN APPROACH 36
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 36
2.2.3 DEMAND-SIDE ANALYSIS 37
2.2.3.1 Regional analysis 37
2.2.3.2 Country analysis 38
2.2.3.3 Demand-side assumptions 38
2.2.3.4 Demand-side calculations 38
2.2.4 SUPPLY-SIDE ANALYSIS 39
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF GAS ENGINES 39
FIGURE 7 GAS ENGINES MARKET: SUPPLY-SIDE ANALYSIS 39
2.2.4.1 Supply-side assumptions 40
2.2.4.2 Supply-side calculations 40
2.2.5 FORECAST 40
2.3 RISK ASSESSMENT 40
2.4 LIMITATIONS 40
2.5 IMPACT OF RECESSION 41
2.6 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 8 DATA TRIANGULATION METHODOLOGY 41
3 EXECUTIVE SUMMARY 42
TABLE 1 GAS ENGINES MARKET SNAPSHOT 42
FIGURE 9 NATURAL GAS TO ACCOUNT FOR LARGEST SHARE OF GAS ENGINES MARKET FROM 2024 TO 2029 43
FIGURE 10 ABOVE 15 MW SEGMENT TO LEAD GAS ENGINES MARKET, BY POWER OUTPUT, FROM 2024 TO 2029 44
FIGURE 11 MECHANICAL DRIVE APPLICATION TO DOMINATE GAS ENGINES MARKET FROM 2024 TO 2029 44
FIGURE 12 UTILITIES TO BE LARGEST END-USE INDUSTRY FROM 2024 TO 2029 45
FIGURE 13 ASIA PACIFIC DOMINATED GAS ENGINES MARKET IN 2023 45
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES IN GAS ENGINES MARKET 46
FIGURE 14 EMISSION REGULATIONS AND ENVIRONMENTAL CONCERNS OVER CONVENTIONAL ENERGY TO DRIVE GAS ENGINES MARKET 46
4.2 ASIA PACIFIC: GAS ENGINES MARKET, BY END-USE INDUSTRY AND COUNTRY 47
FIGURE 15 MARINE END-USE INDUSTRY AND CHINA HELD LARGEST SHARE OF GAS ENGINES MARKET IN ASIA PACIFIC IN 2023 47
4.3 GAS ENGINES MARKET, BY FUEL TYPE 47
FIGURE 16 NATURAL GAS TO ACCOUNT FOR MAJOR SHARE BY 2029 47
4.4 GAS ENGINES MARKET, BY POWER OUTPUT 48
FIGURE 17 ABOVE 15 MW SEGMENT TO DOMINATE GAS ENGINES MARKET, BY POWER OUTPUT, BY 2029 48
4.5 GAS ENGINES MARKET, BY APPLICATION 48
FIGURE 18 MECHANICAL DRIVE TO BE DOMINANT APPLICATION SEGMENT BY 2029 48
4.6 GAS ENGINES MARKET, BY END-USE INDUSTRY 49
FIGURE 19 UTILITIES END-USE INDUSTRY TO COMMAND MARKET BY 2029 49
4.7 GAS ENGINES MARKET, BY REGION 49
FIGURE 20 EUROPEAN MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 51
FIGURE 21 GAS ENGINES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 51
5.2.1.1 Trend toward clean and efficient power generation 51
FIGURE 22 NATURAL GAS CONSUMPTION, 2012–2022 52
TABLE 2 CO2 EMISSION LEVELS (PER MILLION BTU OF ENERGY) 52
5.2.1.2 Stringent emission regulations 53
FIGURE 23 GLOBAL CARBON DIOXIDE EMISSIONS, 2017–2022 53
5.2.1.3 Advancements in gas engine technology 54
FIGURE 24 MINIMUM AVERAGE EFFICIENCY OF CHP SYSTEMS, BY POWER SOURCE 54
5.2.1.4 Integration of renewable energy sources 55
5.2.2 RESTRAINTS 55
5.2.2.1 Policy and regulatory uncertainty 55
5.2.2.2 Fluctuating gas prices 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Evolving landscape of coal, gas, and nuclear energy 56
5.2.3.2 Adoption of natural gas as transition fuel 57
5.2.3.3 Leveraging potential of biogas and landfill gas 57
5.2.4 CHALLENGES 57
5.2.4.1 Infrastructural shortcomings 57
5.2.4.2 Ensuring long-term sustainability 58
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 59
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR GAS ENGINE PROVIDERS 59
FIGURE 25 REVENUE SHIFT FOR GAS ENGINE PROVIDERS 59
5.4 MARKET MAP 60
FIGURE 26 GAS ENGINES MARKET MAP 60
TABLE 3 GAS ENGINES MARKET: ROLE IN ECOSYSTEM 61
5.5 VALUE CHAIN ANALYSIS 63
FIGURE 27 VALUE CHAIN ANALYSIS: GAS ENGINES MARKET 63
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS 64
5.5.2 COMPONENT MANUFACTURERS 64
5.5.3 GAS ENGINE MANUFACTURERS/ASSEMBLERS 64
5.5.4 DISTRIBUTORS 64
5.5.5 END USERS 64
5.5.6 POST-SALE SERVICES 64
5.6 PRICING ANALYSIS 65
5.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY POWER OUTPUT 65
TABLE 4 AVERAGE SELLING PRICE OF GAS ENGINES, 2022 65
5.6.2 AVERAGE SELLING PRICE TREND, BY REGION 65
TABLE 5 AVERAGE SELLING PRICE OF GAS ENGINES, 2023–2029 65
FIGURE 28 AVERAGE SELLING PRICE OF GAS ENGINES, BY REGION 65
5.7 INVESTMENT AND FUNDING SCENARIO 66
FIGURE 29 INVESTMENT AND FUNDING SCENARIO, BY COMPANY 66
5.8 TRADE ANALYSIS 66
5.8.1 TRADE ANALYSIS RELATED TO ENGINES AND MOTORS 66
5.8.1.1 Import scenario 66
TABLE 6 IMPORT SCENARIO FOR HS CODE 841280, BY COUNTRY, 2020–2022 (USD THOUSAND) 66
FIGURE 30 IMPORT DATA FOR HS CODE 841280-ENGINES & MOTORS, BY COUNTRY, 2020–2022 (USD THOUSAND) 67
5.8.1.2 Export scenario 68
TABLE 7 EXPORT SCENARIO FOR HS CODE 841280, BY COUNTRY, 2020–2022 (USD THOUSAND) 68
FIGURE 31 EXPORT DATA FOR HS CODE 841280-ENGINES & MOTORS, BY COUNTRY, 2020–2022 (USD THOUSAND) 69
5.9 TARIFFS, CODES, AND REGULATIONS 69
5.9.1 TARIFFS RELATED TO GAS ENGINES 69
TABLE 8 IMPORT TARIFFS FOR HS 841280 ENGINES AND MOTORS NES IN 2022 69
5.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71
TABLE 12 GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
5.10 PATENT ANALYSIS 73
FIGURE 32 PATENT ANALYSIS 73
TABLE 14 GAS ENGINES: PATENT ANALYSIS, MARCH 2020–SEPTEMBER 2023 73
5.11 KEY CONFERENCES AND EVENTS, 2024–2025 79
TABLE 15 GAS ENGINES MARKET: KEY CONFERENCES AND EVENTS 79
5.12 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 33 PORTER’S FIVE FORCES ANALYSIS FOR GAS ENGINES MARKET 80
TABLE 16 GAS ENGINES MARKET: PORTER’S FIVE FORCES ANALYSIS 80
5.12.1 THREAT OF SUBSTITUTES 81
5.12.2 BARGAINING POWER OF SUPPLIERS 81
5.12.3 BARGAINING POWER OF BUYERS 81
5.12.4 THREAT OF NEW ENTRANTS 82
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.13 CASE STUDY ANALYSIS 83
5.13.1 SIEMENS ENERGY SOLVES UK NATIONAL GRID'S PEAK POWER CHALLENGE WITH CLEANER TECHNOLOGY 83
5.13.1.1 Problem statement 83
5.13.1.2 Solution 83
5.13.2 CLARK UNIVERSITY INCREASES COST SAVINGS WITH RELIABLE COGENERATION SOLUTION 83
5.13.2.1 Problem statement 83
5.13.2.2 Solution 83
5.13.3 JENBACHER J420 ENGINE HARNESSES HYDROGEN ENERGY 84
5.13.3.1 Problem statement 84
5.13.3.2 Solution 84
5.14 TECHNOLOGY ANALYSIS 84
5.14.1 KEY TECHNOLOGY 84
5.14.1.1 Direct Fuel Injection 84
5.14.2 COMPLEMENTARY TECHNOLOGY 85
5.14.2.1 Integration of combined heat and power systems 85
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 86
5.15.1 STAKEHOLDERS IN BUYING PROCESS 86
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY 86
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY 86
5.15.2 BUYING CRITERIA 87
FIGURE 35 KEY BUYING CRITERIA, BY END-USE INDUSTRY 87
TABLE 18 KEY BUYING CRITERIA, BY END-USE INDUSTRY 87
6 GAS ENGINES MARKET, BY FUEL TYPE 88
6.1 INTRODUCTION 89
FIGURE 36 GAS ENGINES MARKET, BY FUEL TYPE, 2023 89
TABLE 19 GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 89
TABLE 20 GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 90
6.2 NATURAL GAS 90
6.2.1 USE AS PRIMARY FUEL IN POWER GENERATION TO BOOST GROWTH 90
TABLE 21 NATURAL GAS: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 90
TABLE 22 NATURAL GAS: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 91
6.3 SPECIAL GAS 91
6.3.1 USE IN COGENERATION AND TRIGENERATION – KEY DRIVER 91
TABLE 23 SPECIAL GAS: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 91
TABLE 24 SPECIAL GAS: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 92
6.4 OTHERS 92
TABLE 25 OTHER GASES: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 92
TABLE 26 OTHER GASES: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 93
7 GAS ENGINES MARKET, BY POWER OUTPUT 94
7.1 INTRODUCTION 95
FIGURE 37 GAS ENGINES MARKET, BY POWER OUTPUT, 2023 95
TABLE 27 GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 95
TABLE 28 GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 96
TABLE 29 GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (UNITS) 96
TABLE 30 GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (UNITS) 96
7.2 0.5–1 MW 97
7.2.1 USED WIDELY IN COMMERCIAL AND INDUSTRIAL SETTINGS 97
TABLE 31 0.5–1 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 97
TABLE 32 0.5–1 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 97
TABLE 33 0.5–1 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (UNITS) 98
TABLE 34 0.5–1 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (UNITS) 98
7.3 1.1–2 MW 98
7.3.1 CONTRIBUTE TO ENERGY EFFICIENCY AND GRID STABILITY 98
TABLE 35 1.1–2 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 99
TABLE 36 1.1–2 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 99
TABLE 37 1.1–2 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (UNITS) 99
TABLE 38 1.1–2 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (UNITS) 100
7.4 2.1–5 MW 100
7.4.1 PROVIDE RELIABLE, EFFICIENT, AND FLEXIBLE POWER GENERATION SOLUTIONS 100
TABLE 39 2.1–5 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 100
TABLE 40 2.1–5 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 101
TABLE 41 2.1–5 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (UNITS) 101
TABLE 42 2.1–5 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (UNITS) 101
7.5 5.1–15 MW 102
7.5.1 EMPOWER LARGE-SCALE ENERGY SOLUTIONS 102
TABLE 43 5.1–15 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 102
TABLE 44 5.1–15 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 102
TABLE 45 5.1–15 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (UNITS) 103
TABLE 46 5.1–15 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (UNITS) 103
7.6 ABOVE 15 MW 103
7.6.1 MAXIMIZE EFFICIENCY AND MINIMIZE ENVIRONMENTAL IMPACT 103
TABLE 47 ABOVE 15 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 104
TABLE 48 ABOVE 15 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 104
TABLE 49 ABOVE 15 MW: GAS ENGINES MARKET, BY REGION, 2020–2023 (UNITS) 104
TABLE 50 ABOVE 15 MW: GAS ENGINES MARKET, BY REGION, 2024–2029 (UNITS) 105
8 GAS ENGINES MARKET, BY APPLICATION 106
8.1 INTRODUCTION 107
FIGURE 38 GAS ENGINES MARKET, BY APPLICATION, 2023 107
TABLE 51 GAS ENGINES MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 107
TABLE 52 GAS ENGINES MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 108
8.2 POWER GENERATION 108
8.2.1 HELPS IN CONTINUOUS BASELOAD SUPPLY TO BACKUP POWER DURING EMERGENCIES 108
TABLE 53 POWER GENERATION: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 109
TABLE 54 POWER GENERATION: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 109
8.3 COGENERATION 109
8.3.1 CATERS TO DIVERSE RANGE OF EFFICIENT AND SUSTAINABLE ENERGY SOLUTIONS 109
TABLE 55 COGENERATION: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 110
TABLE 56 COGENERATION: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 110
8.4 MECHANICAL DRIVE 110
8.4.1 SERVES DIVERSE INDUSTRIES, CONTRIBUTING TO EFFICIENT AND RELIABLE OPERATION 110
TABLE 57 MECHANICAL DRIVE: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 111
TABLE 58 MECHANICAL DRIVE: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 111
8.5 OTHERS 111
TABLE 59 OTHER APPLICATIONS: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 112
TABLE 60 OTHER APPLICATIONS: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 112
9 GAS ENGINES MARKET, BY END-USE INDUSTRY 113
9.1 INTRODUCTION 114
FIGURE 39 GAS ENGINES MARKET, BY END-USE INDUSTRY, 2023 114
TABLE 61 GAS ENGINES MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 114
TABLE 62 GAS ENGINES MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION) 115
9.2 UTILITIES 115
9.2.1 DEMAND FOR GAS ENGINES IN POWER PLANTS, INDUSTRIAL FACILITIES, COMMERCIAL BUILDINGS 115
TABLE 63 UTILITIES: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 115
TABLE 64 UTILITIES: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 116
9.3 MANUFACTURING 116
9.3.1 DEMAND IN MANUFACTURING FOR EMISSION REDUCTION AND POWER GENERATION 116
TABLE 65 MANUFACTURING: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 116
TABLE 66 MANUFACTURING: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 117
9.4 MARINE 117
9.4.1 DEMAND IN MARINE SEGMENT FOR HYBRID PROPULSION SYSTEM AND EMERGENCY BACKUP POWER 117
TABLE 67 MARINE: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 117
TABLE 68 MARINE: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 118
9.5 OIL & GAS 118
9.5.1 DEMAND IN OIL & GAS SEGMENT TO MEET FUEL EFFICIENCY REQUIREMENTS 118
TABLE 69 OIL & GAS: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 119
TABLE 70 OIL & GAS: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 119
9.6 OTHERS 119
TABLE 71 OTHER END-USE INDUSTRIES: GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 120
TABLE 72 OTHER END-USE INDUSTRIES: GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 120
10 GAS ENGINES MARKET, BY REGION 121
10.1 INTRODUCTION 122
FIGURE 40 GAS ENGINES MARKET SHARE, BY REGION, 2023 (%) 123
FIGURE 41 GAS ENGINES MARKET IN EUROPE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 123
TABLE 73 GAS ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 123
TABLE 74 GAS ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 124
10.2 ASIA PACIFIC 124
FIGURE 42 ASIA PACIFIC: GAS ENGINES MARKET SNAPSHOT 125
10.2.1 BY FUEL TYPE 126
TABLE 75 ASIA PACIFIC: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 126
TABLE 76 ASIA PACIFIC: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 126
10.2.2 BY POWER OUTPUT 126
TABLE 77 ASIA PACIFIC: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 126
TABLE 78 ASIA PACIFIC: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 127
TABLE 79 ASIA PACIFIC: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (UNITS) 127
TABLE 80 ASIA PACIFIC: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (UNITS) 127
10.2.3 BY APPLICATION 128
TABLE 81 ASIA PACIFIC: GAS ENGINES MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 128
TABLE 82 ASIA PACIFIC: GAS ENGINES MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 128
10.2.4 BY END-USE INDUSTRY 128
TABLE 83 ASIA PACIFIC: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 128
TABLE 84 ASIA PACIFIC: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION) 129
10.2.5 BY COUNTRY 129
TABLE 85 ASIA PACIFIC: GAS ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 129
TABLE 86 ASIA PACIFIC: GAS ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 129
10.2.5.1 China 130
10.2.5.1.1 Largest country-level market in region 130
TABLE 87 CHINA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 130
TABLE 88 CHINA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 131
TABLE 89 CHINA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 131
TABLE 90 CHINA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 131
10.2.5.2 India 132
10.2.5.2.1 Government initiatives to drive market growth 132
TABLE 91 INDIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 132
TABLE 92 INDIA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 133
TABLE 93 INDIA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 133
TABLE 94 INDIA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 133
10.2.5.3 Japan 134
10.2.5.3.1 Mature market driven by stringent environmental regulations 134
TABLE 95 JAPAN: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 134
TABLE 96 JAPAN: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 135
TABLE 97 JAPAN: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 135
TABLE 98 JAPAN: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 135
10.2.5.4 Rest of Asia Pacific 135
TABLE 99 REST OF ASIA PACIFIC: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 136
TABLE 100 REST OF ASIA PACIFIC: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 136
TABLE 101 REST OF ASIA PACIFIC: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 137
TABLE 102 REST OF ASIA PACIFIC: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 137
10.3 EUROPE 137
FIGURE 43 EUROPEAN GAS ENGINES MARKET SNAPSHOT 138
10.3.1 BY FUEL TYPE 139
TABLE 103 EUROPE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 139
TABLE 104 EUROPE: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 139
10.3.2 BY POWER OUTPUT 139
TABLE 105 EUROPE: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 139
TABLE 106 EUROPE: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 140
TABLE 107 EUROPE: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (UNITS) 140
TABLE 108 EUROPE: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (UNITS) 140
10.3.3 BY APPLICATION 141
TABLE 109 EUROPE: GAS ENGINES MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 141
TABLE 110 EUROPE: GAS ENGINES MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 141
10.3.4 BY END-USE INDUSTRY 141
TABLE 111 EUROPE: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 141
TABLE 112 EUROPE: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION) 142
10.3.5 BY COUNTRY 142
TABLE 113 EUROPE: GAS ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 142
TABLE 114 EUROPE: GAS ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 142
10.3.5.1 Germany 143
10.3.5.1.1 Role of gas engines in Germany's energy mix: Balancing security, efficiency, and renewables 143
TABLE 115 GERMANY: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 143
TABLE 116 GERMANY: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 144
TABLE 117 GERMANY: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 144
TABLE 118 GERMANY: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 144
10.3.5.2 UK 145
10.3.5.2.1 Financial incentives for clean energy boost market 145
TABLE 119 UK: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 145
TABLE 120 UK: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 145
TABLE 121 UK: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 146
TABLE 122 UK: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 146
10.3.5.3 Russia 146
10.3.5.3.1 Rising demand for cogeneration power to fuel market 146
TABLE 123 RUSSIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 147
TABLE 124 RUSSIA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 147
TABLE 125 RUSSIA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 147
TABLE 126 RUSSIA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 148
10.3.5.4 Italy 148
10.3.5.4.1 Increasing demand for higher overall energy efficiency to drive market 148
TABLE 127 ITALY: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 149
TABLE 128 ITALY: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 149
TABLE 129 ITALY: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 149
TABLE 130 ITALY: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 149
10.3.5.5 France 150
10.3.5.5.1 Increasing demand for gas-fired power plants to support electricity grid 150
TABLE 131 FRANCE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 150
TABLE 132 FRANCE: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 150
TABLE 133 FRANCE: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 151
TABLE 134 FRANCE: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 151
10.3.5.6 Rest of Europe 151
TABLE 135 REST OF EUROPE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 152
TABLE 136 REST OF EUROPE: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 152
TABLE 137 REST OF EUROPE: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 152
TABLE 138 REST OF EUROPE: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 153
10.4 NORTH AMERICA 153
10.4.1 BY FUEL TYPE 154
TABLE 139 NORTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 154
TABLE 140 NORTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 154
10.4.2 BY POWER OUTPUT 154
TABLE 141 NORTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 154
TABLE 142 NORTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 155
TABLE 143 NORTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (UNITS) 155
TABLE 144 NORTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (UNITS) 155
10.4.3 BY APPLICATION 156
TABLE 145 NORTH AMERICA: GAS ENGINES MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 156
TABLE 146 NORTH AMERICA: GAS ENGINES MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 156
10.4.4 BY END-USE INDUSTRY 156
TABLE 147 NORTH AMERICA: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 156
TABLE 148 NORTH AMERICA: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION) 157
10.4.5 BY COUNTRY 157
TABLE 149 NORTH AMERICA: GAS ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 157
TABLE 150 NORTH AMERICA: GAS ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 157
10.4.5.1 US 158
10.4.5.1.1 Government policies for replacement of coal-fired power plants with gas-fired plants to drive market 158
TABLE 151 US: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 158
TABLE 152 US: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 159
TABLE 153 US: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 159
TABLE 154 US: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 159
10.4.5.2 Canada 160
10.4.5.2.1 Increasing cogeneration applications to propel market 160
TABLE 155 CANADA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 160
TABLE 156 CANADA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 160
TABLE 157 CANADA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 161
TABLE 158 CANADA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 161
10.4.5.3 Mexico 161
10.4.5.3.1 Energy transition for improved efficiency to drive market growth 161
TABLE 159 MEXICO: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 162
TABLE 160 MEXICO: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 162
TABLE 161 MEXICO: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 162
TABLE 162 MEXICO: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 163
10.5 SOUTH AMERICA 163
10.5.1 BY FUEL TYPE 163
TABLE 163 SOUTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 163
TABLE 164 SOUTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 164
10.5.2 BY POWER OUTPUT 164
TABLE 165 SOUTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 164
TABLE 166 SOUTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 164
TABLE 167 SOUTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (UNITS) 165
TABLE 168 SOUTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (UNITS) 165
10.5.3 BY APPLICATION 165
TABLE 169 SOUTH AMERICA: GAS ENGINES MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 165
TABLE 170 SOUTH AMERICA: GAS ENGINES MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 166
10.5.4 BY END-USE INDUSTRY 166
TABLE 171 SOUTH AMERICA: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 166
TABLE 172 SOUTH AMERICA: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION) 166
10.5.5 BY COUNTRY 167
TABLE 173 SOUTH AMERICA: GAS ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 167
TABLE 174 SOUTH AMERICA: GAS ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 167
10.5.5.1 Brazil 167
10.5.5.1.1 Driving forces and dynamics: Abundant reserves, growing demand, and government initiatives 167
TABLE 175 BRAZIL: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 168
TABLE 176 BRAZIL: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 168
TABLE 177 BRAZIL: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 168
TABLE 178 BRAZIL: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 169
10.5.5.2 Argentina 169
10.5.5.2.1 Abundant reserves, ambitious goals, and regulatory evolution boost market 169
TABLE 179 ARGENTINA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 170
TABLE 180 ARGENTINA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 170
TABLE 181 ARGENTINA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 170
TABLE 182 ARGENTINA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 171
10.5.5.3 Rest of South America 171
TABLE 183 REST OF SOUTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 171
TABLE 184 REST OF SOUTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 172
TABLE 185 REST OF SOUTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 172
TABLE 186 REST OF SOUTH AMERICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 172
10.6 MIDDLE EAST & AFRICA 173
10.6.1 BY FUEL TYPE 173
TABLE 187 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 173
TABLE 188 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 173
10.6.2 BY POWER OUTPUT 174
TABLE 189 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 174
TABLE 190 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 174
TABLE 191 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (UNITS) 174
TABLE 192 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (UNITS) 175
10.6.3 BY APPLICATION 175
TABLE 193 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 175
TABLE 194 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 175
10.6.4 BY END-USE INDUSTRY 176
TABLE 195 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2020–2023 (USD MILLION) 176
10.6.5 BY END-USE INDUSTRY 176
TABLE 196 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY END-USE INDUSTRY, 2024–2029 (USD MILLION) 176
10.6.6 BY COUNTRY 177
TABLE 197 MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 177
10.6.6.1 GCC Countries 177
10.6.6.1.1 Saudi Arabia 177
10.6.6.1.1.1 Expansion in mining and manufacturing sectors propels market growth 177
TABLE 198 SAUDI ARABIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 178
TABLE 199 SAUDI ARABIA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 178
TABLE 200 SAUDI ARABIA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 178
TABLE 201 SAUDI ARABIA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 178
10.6.6.1.2 UAE 179
10.6.6.1.2.1 Abundant resources and initiatives strategically boost market 179
TABLE 202 UAE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 179
TABLE 203 UAE: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 179
TABLE 204 UAE: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 180
TABLE 205 UAE: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 180
10.6.6.1.3 Rest of GCC 180
TABLE 206 REST OF GCC: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 181
TABLE 207 REST OF GCC: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 181
10.6.6.2 Egypt 181
10.6.6.2.1 Increasing gas production and diversified power generation to fuel market 181
TABLE 208 EGYPT: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 182
TABLE 209 EGYPT: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 182
TABLE 210 EGYPT: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 182
TABLE 211 EGYPT: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 183
10.6.6.3 Nigeria 183
10.6.6.3.1 Increasing demand for reliable power due to frequent grid outages 183
TABLE 212 NIGERIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 183
TABLE 213 NIGERIA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 184
TABLE 214 NIGERIA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 184
TABLE 215 NIGERIA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 184
10.6.6.4 Rest of Middle East & Africa 185
TABLE 216 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2023 (USD MILLION) 185
TABLE 217 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE, 2024–2029 (USD MILLION) 185
TABLE 218 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2020–2023 (USD MILLION) 186
TABLE 219 REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY POWER OUTPUT, 2024–2029 (USD MILLION) 186
11 COMPETITIVE LANDSCAPE 187
11.1 KEY PLAYER STRATEGIES 187
TABLE 220 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2020–2023 187
11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 190
TABLE 221 GAS ENGINES MARKET: DEGREE OF COMPETITION 190
FIGURE 44 GAS ENGINES MARKET SHARE ANALYSIS, 2023 191
11.3 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 192
FIGURE 45 TOP PLAYERS IN GAS ENGINES MARKET FROM 2018 TO 2022 192
11.4 COMPANY EVALUATION MATRIX 193
11.4.1 STARS 193
11.4.2 PERVASIVE PLAYERS 193
11.4.3 EMERGING LEADERS 193
11.4.4 PARTICIPANTS 193
FIGURE 46 COMPANY EVALUATION MATRIX: GAS ENGINES MARKET, 2023 194
11.5 BRAND/PRODUCT COMPARISON 194
11.6 GAS ENGINES MARKET: COMPANY FOOTPRINT 195
TABLE 222 BY FUEL TYPE: COMPANY FOOTPRINT 195
TABLE 223 BY END-USE INDUSTRY: COMPANY FOOTPRINT 196
TABLE 224 BY APPLICATION: COMPANY FOOTPRINT 197
TABLE 225 POWER RATING: COMPANY FOOTPRINT 198
TABLE 226 REGION: COMPANY FOOTPRINT 199
TABLE 227 COMPANY FOOTPRINT 200