Global Gas Engines Market Growth 2023-2029

Global Gas Engines Market Growth 2023-2029

A gas engine is an internal combustion engine which runs on a gas fuel, such as coal gas, producer gas, biogas, landfill gas or natural gas.

LPI (LP Information)' newest research report, the “Gas Engines Industry Forecast” looks at past sales and reviews total world Gas Engines sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas Engines sales for 2023 through 2029. With Gas Engines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Engines industry.

This Insight Report provides a comprehensive analysis of the global Gas Engines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gas Engines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas Engines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Engines and breaks down the forecast by power, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas Engines.

The global Gas Engines market size is projected to grow from US$ 2495.7 million in 2022 to US$ 3303.5 million in 2029; it is expected to grow at a CAGR of 3303.5 from 2023 to 2029.

Global key manufactuers of gas engines include Innio, Caterpillar, Siemens Energy, etc. The top three players hold a share around 50%. Europe is the largest producer, has a share about 41%, followed by North America and Japan, with share 31% and 10%, respectively. The largest market is North America, with a share about 32%, followed by Europe and Asia-Pacific, with share 25% and 21%, separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Gas Engines market by product power, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by power

0.5-5MW

5-10MW

Above 10MW

Segmentation by application

Power Generation

Co-Generation

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Innio

Caterpillar

Kawasaki Heavy Industries

Rolls Royce

Wartsila

MAN SE

Siemens Energy

Mitsubishi Heavy Industries

Liebherr

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gas Engines market?

What factors are driving Gas Engines market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gas Engines market opportunities vary by end market size?

How does Gas Engines break out power, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.