Gas Engine Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Gas Engine market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Gas Engine Market report is anticipated to register a CAGR of XX% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Gas Engine Market are –
- Caterpillar Inc.
- Cummins Inc.
- Siemens AG
- Rolls-Royce Holdings Plc
- Wartsila Oyj Abp
- Mitsubishi Heavy Industries Ltd.
- Hyundai Heavy Industries Co Ltd
- Man SE
- General Electric Company
- Kawasaki Heavy Industries
- JFE Engineering Corporation
- Liebherr Group
The demand for reliable and clean electricity is growing across the world on account of industrial expansion and development of commercial infrastructure. Moreover, the growth in urban infrastructure is driving the demand for a reliable source of power. The gas engines are capable of running continuously at full loads and hence, are increasingly being preferred, particularly in the industrial and commercial sector, where a reliable and continuous electricity supply is of paramount importance.
With the growing concerns over the air pollution, both, developing and developed countries are encouraging the use of gas over other hydrocarbons, such as crude oil and coal, as a source for power generation. Emerging countries, such as India and China are aggressively investing in gas transport infrastructure in order to ensure reliable and continuous supply of the gas, which in turn is expected to assist with driving the gas-fired power generation market. The growth of gas-based power generation is expected to support the demand for gas engines in the power sector.
Higher Efficiency for Large Power Capacity Units to Drive the Market
The power generation capacity limits for gas engines were traditionally considered at 50-70 MW. But, with technological advancements gas engines have proved a superior choice, in terms of efficiency, for power generation capacities higher than 200 MW. Due to their high efficiency for higher power generation capacity units coupled with an ability to run at full loads, the gas engines are increasingly being preferred for large power generation plants, which, in turn, is expected to help drive the gas engine market.
Europe to Dominate the Market Share
Europe is anticipated to dominate the global gas engine market on account of stringent environmental norms being implemented in the region. The countries in the European region are committed to Paris Climate deal, which is a big boost for clean power technologies. Moreover, the total cost of ownership of gas engines is lesser than diesel engines due to formers cheaper operating cost, which ensures more efficient power generation. Therefore, owing to stringent environmental norms and efficiency in power generation, Europe is anticipated to be the major region for gas engines market during the forecast period.
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Scope of the Report:
The report analyses Gas Engine market, which includes –
- Analysis of the growth of Gas Engine market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Gas Engine market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Gas Engine market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Gas Engine market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Gas Engine Market Report:
- Varying dynamics of the Gas Engine industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Gas Engine market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Gas Engine market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Gas Engine Market Report:
- The report analyses how stringent emission control norms will drive the global Gas Engine market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Gas Engine market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Gas Engine:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Gas Engine Market Report @ https://www.360marketupdates.com/TOC/12886980,TOC
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