Gas Engine Market in North America 2024-2028

Gas Engine Market in North America 2022-2026


Technavio has been monitoring the gas engine market in North America and it is poised to grow by $ 468.61 mn during 2022-2026, accelerating at a CAGR of 5.6% during the forecast period. Our report on the gas engine market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current regional market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for efficient heat and power generation in North America, abundant availability of natural gas in North America, and a reduction in prices of natural gas.

The gas engine market in North America analysis includes the application and end-user segments.

Technavio's gas engine market in North America is segmented as below:
  • By Application
  • Power generation
  • Co-generation
  • Others
  • By End-user
  • Power
  • Industrial
  • Residential
  • Commercial
This study identifies the shift from conventional coal-fired to gas-fired power plants as one of the prime reasons driving the gas engine market growth in North America during the next few years. Also, an increasing number of product launches and the advent of the dual-fuel engine will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the gas engine market in North America covers the following areas:
  • Gas engine market sizing
  • Gas engine market forecast
  • Gas engine market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gas engine market vendors in North America including Caterpillar Inc., China National Petroleum Corp., China Yuchai International Ltd., Cummins Inc., DEUTZ AG, Fairbanks Morse LLC, HD Hyundai Co.Ltd., IHI Corp., INNIO Jenbacher GmbH and Co. OG, JFE Engineering Corp., Kawasaki Heavy Industries Ltd., Kohler Co., Liebherr International AG, MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., R Schmitt Enertec GmbH, Rolls Royce Holdings Plc, Siemens AG, Westport Fuel Systems Inc., and Yanmar Holdings Co. Ltd. Also, the gas engine market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Chart on North America: Year-over-year growth 2023-2028 (%)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
4 Historic Market Size
4.1 Gas Engine Market in North America 2018 - 2022
Historic Market Size - Data Table on Gas Engine Market in North America 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
6.3 Power generation - Market size and forecast 2023-2028
Chart on Power generation - Market size and forecast 2023-2028 ($ million)
Data Table on Power generation - Market size and forecast 2023-2028 ($ million)
Chart on Power generation - Year-over-year growth 2023-2028 (%)
Data Table on Power generation - Year-over-year growth 2023-2028 (%)
6.4 Co-generation - Market size and forecast 2023-2028
Chart on Co-generation - Market size and forecast 2023-2028 ($ million)
Data Table on Co-generation - Market size and forecast 2023-2028 ($ million)
Chart on Co-generation - Year-over-year growth 2023-2028 (%)
Data Table on Co-generation - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Power - Market size and forecast 2023-2028
Chart on Power - Market size and forecast 2023-2028 ($ million)
Data Table on Power - Market size and forecast 2023-2028 ($ million)
Chart on Power - Year-over-year growth 2023-2028 (%)
Data Table on Power - Year-over-year growth 2023-2028 (%)
7.4 Industrial - Market size and forecast 2023-2028
Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Chart on Industrial - Year-over-year growth 2023-2028 (%)
Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.5 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ million)
Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.6 Commercial - Market size and forecast 2023-2028
Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Chart on Commercial - Year-over-year growth 2023-2028 (%)
Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Caterpillar Inc.
Caterpillar Inc. - Overview
Caterpillar Inc. - Business segments
Caterpillar Inc. - Key news
Caterpillar Inc. - Key offerings
Caterpillar Inc. - Segment focus
11.4 Cummins Inc.
Cummins Inc. - Overview
Cummins Inc. - Business segments
Cummins Inc. - Key news
Cummins Inc. - Key offerings
Cummins Inc. - Segment focus
11.5 HD Hyundai Co. Ltd.
HD Hyundai Co. Ltd. - Overview
HD Hyundai Co. Ltd. - Business segments
HD Hyundai Co. Ltd. - Key offerings
HD Hyundai Co. Ltd. - Segment focus
11.6 INNIO Jenbacher GmbH and Co. OG
INNIO Jenbacher GmbH and Co. OG - Overview
INNIO Jenbacher GmbH and Co. OG - Product / Service
INNIO Jenbacher GmbH and Co. OG - Key offerings
11.7 Kawasaki Heavy Industries Ltd.
Kawasaki Heavy Industries Ltd. - Overview
Kawasaki Heavy Industries Ltd. - Business segments
Kawasaki Heavy Industries Ltd. - Key news
Kawasaki Heavy Industries Ltd. - Key offerings
Kawasaki Heavy Industries Ltd. - Segment focus
11.8 Liebherr International AG
Liebherr International AG - Overview
Liebherr International AG - Product / Service
Liebherr International AG - Key news
Liebherr International AG - Key offerings
11.9 MAN Energy Solutions SE
MAN Energy Solutions SE - Overview
MAN Energy Solutions SE - Product / Service
MAN Energy Solutions SE - Key offerings
11.10 Mitsubishi Heavy Industries Ltd.
Mitsubishi Heavy Industries Ltd. - Overview
Mitsubishi Heavy Industries Ltd. - Business segments
Mitsubishi Heavy Industries Ltd. - Key news
Mitsubishi Heavy Industries Ltd. - Key offerings
Mitsubishi Heavy Industries Ltd. - Segment focus
11.11 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
11.12 Yanmar Holdings Co. Ltd.
Yanmar Holdings Co. Ltd. - Overview
Yanmar Holdings Co. Ltd. - Product / Service
Yanmar Holdings Co. Ltd. - Key news
Yanmar Holdings Co. Ltd. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Application
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits14: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits15: Chart on North America: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits17: Historic Market Size - Data Table on Gas Engine Market in North America 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Application - Market share 2023-2028 (%)
Exhibits28: Data Table on Application - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Application
Exhibits30: Data Table on Comparison by Application
Exhibits31: Chart on Power generation - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on Power generation - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on Power generation - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Power generation - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Co-generation - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Co-generation - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Co-generation - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Co-generation - Year-over-year growth 2023-2028 (%)
Exhibits39: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits40: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits41: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits42: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits43: Market opportunity by Application ($ million)
Exhibits44: Data Table on Market opportunity by Application ($ million)
Exhibits45: Chart on End-user - Market share 2023-2028 (%)
Exhibits46: Data Table on End-user - Market share 2023-2028 (%)
Exhibits47: Chart on Comparison by End-user
Exhibits48: Data Table on Comparison by End-user
Exhibits49: Chart on Power - Market size and forecast 2023-2028 ($ million)
Exhibits50: Data Table on Power - Market size and forecast 2023-2028 ($ million)
Exhibits51: Chart on Power - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Power - Year-over-year growth 2023-2028 (%)
Exhibits53: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits54: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits55: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits57: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits58: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits59: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits62: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits63: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits65: Market opportunity by End-user ($ million)
Exhibits66: Data Table on Market opportunity by End-user ($ million)
Exhibits67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits68: Impact of drivers and challenges in 2023 and 2028
Exhibits69: Overview on criticality of inputs and factors of differentiation
Exhibits70: Overview on factors of disruption
Exhibits71: Impact of key risks on business
Exhibits72: Companies covered
Exhibits73: Matrix on companies position and classification
Exhibits74: Caterpillar Inc. - Overview
Exhibits75: Caterpillar Inc. - Business segments
Exhibits76: Caterpillar Inc. - Key news
Exhibits77: Caterpillar Inc. - Key offerings
Exhibits78: Caterpillar Inc. - Segment focus
Exhibits79: Cummins Inc. - Overview
Exhibits80: Cummins Inc. - Business segments
Exhibits81: Cummins Inc. - Key news
Exhibits82: Cummins Inc. - Key offerings
Exhibits83: Cummins Inc. - Segment focus
Exhibits84: HD Hyundai Co. Ltd. - Overview
Exhibits85: HD Hyundai Co. Ltd. - Business segments
Exhibits86: HD Hyundai Co. Ltd. - Key offerings
Exhibits87: HD Hyundai Co. Ltd. - Segment focus
Exhibits88: INNIO Jenbacher GmbH and Co. OG - Overview
Exhibits89: INNIO Jenbacher GmbH and Co. OG - Product / Service
Exhibits90: INNIO Jenbacher GmbH and Co. OG - Key offerings
Exhibits91: Kawasaki Heavy Industries Ltd. - Overview
Exhibits92: Kawasaki Heavy Industries Ltd. - Business segments
Exhibits93: Kawasaki Heavy Industries Ltd. - Key news
Exhibits94: Kawasaki Heavy Industries Ltd. - Key offerings
Exhibits95: Kawasaki Heavy Industries Ltd. - Segment focus
Exhibits96: Liebherr International AG - Overview
Exhibits97: Liebherr International AG - Product / Service
Exhibits98: Liebherr International AG - Key news
Exhibits99: Liebherr International AG - Key offerings
Exhibits100: MAN Energy Solutions SE - Overview
Exhibits101: MAN Energy Solutions SE - Product / Service
Exhibits102: MAN Energy Solutions SE - Key offerings
Exhibits103: Mitsubishi Heavy Industries Ltd. - Overview
Exhibits104: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibits105: Mitsubishi Heavy Industries Ltd. - Key news
Exhibits106: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibits107: Mitsubishi Heavy Industries Ltd. - Segment focus
Exhibits108: Siemens AG - Overview
Exhibits109: Siemens AG - Business segments
Exhibits110: Siemens AG - Key news
Exhibits111: Siemens AG - Key offerings
Exhibits112: Siemens AG - Segment focus
Exhibits113: Yanmar Holdings Co. Ltd. - Overview
Exhibits114: Yanmar Holdings Co. Ltd. - Product / Service
Exhibits115: Yanmar Holdings Co. Ltd. - Key news
Exhibits116: Yanmar Holdings Co. Ltd. - Key offerings
Exhibits117: Inclusions checklist
Exhibits118: Exclusions checklist
Exhibits119: Currency conversion rates for US$
Exhibits120: Research methodology
Exhibits121: Information sources
Exhibits122: Data validation
Exhibits123: Validation techniques employed for market sizing
Exhibits124: Data synthesis
Exhibits125: 360 degree market analysis
Exhibits126: List of abbreviations

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