Gas Engine Industry to 2023– Global Analysis and Forecasts by Power Output (0.5–1 MW , 1–2 MW , 2–5 MW , 5–10 MW , 10–20 MW )
The Gas Engine market size will grow from USD 3.56
Billion in 2017 to USD 5.11 Billion by 2023, at an estimated CAGR of 6.19%. The
base year considered for the study is 2017, and the market size is projected
from 2018 to 2023.
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The global gas engine market, by application, is
segmented into power generation, co-generation, mechanical drive, and others
which include tri-generation, quad-generation, and greenhouse. Power generation
is leading the global gas engine market and trend is expected to continue
during the forecast period. Manufacturing plants, commercial buildings, public
buildings, and utilities are mainly deploys gas engine for power generation
application. The gas engines are suitable for base load, grid support, combined
cycle, peak shaving, and distributed power generation applications. The market
for gas engine for power generation is mainly driven by the growing demand for
global power requirement, especially in regions such as Europe, the Americas
and Asia Pacific. Co-generation application segment is expected to grow at high
CAGR during the forecast period. The growth of co-generation application is
mainly attributed to the increasing installed capacity of gas fueled CHP power
plants in cold climate countries.
By Market Players:
By Market Players:
General
Electric Company , Caterpillar, Inc. , Wärtsilä Corporation ,
Rolls-Royce Holdings Plc , Cummins Inc. , Siemens AG , MAN
SE , Mitsubishi Heavy Industries, Ltd. , Kawasaki Heavy Industries,
Ltd. , Liebherr Group , JFE Holdings, Inc. , Hyundai Heavy Industries
Co., Ltd. , Niigata Power Systems Co Ltd,
By Fuel Type
By Fuel Type
Natural Gas , Special Gas , Others
By Power Output
By Power Output
0.5–1 MW , 1–2 MW , 2–5 MW , 5–10
MW , 10–20 MW
By Application
By Application
Power Generation , Cogeneration ,
Mechanical Drive , Others
By End-User
By End-User
Utilities , Manufacturing , Oil &
Gas , Others
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included within the report. The historical data from 2012 to 2017 and forecast
data from 2018 to 2023.
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