About Natural Gas Internal Combustion Engine
Compressed natural gas vehicles operate much like gasoline-powered vehicles with spark-ignited internal combustion engines. The engine functions the same way as a gasoline engine. Natural gas is stored in a fuel tank, or cylinder, typically at the back of the vehicle. A CNG fuel system transfers high-pressure natural gas from the fuel tank to the engine’s intake manifold or combustion chamber. The pressure is then reduced to a level compatible with the engine fuel injection system, and the fuel is introduced into the intake manifold or combustion chamber, where it is mixed with air. The fuel-air mixture is then compressed and ignited by a spark plug.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and German Vendors will contribute the maximum growth to Global Natural Gas Internal Combustion Engine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caterpillar (United States), Mitsubishi Heavy Industries (Japan), Cummins (United States), Daimler AG (Germany), Deutz (Germany), Yanmar Company (Japan), Rolls-royce (United Kingdom), Hyundai (South Korea), Agcopower (Finland), Ashok Leyland (India) and Shanghai Diesel (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Natural Gas Internal Combustion Engine market by Type (Spark Ignition Engine and Compression Ignition Engine), Application (Automobile Engine, Aircraft Engine, Locomotive Engine, Marine Engine and Others) and Region.
On the basis of geography, the market of Natural Gas Internal Combustion Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Cooling System, the sub-segment i.e. Air-cooled Engine will boost the Natural Gas Internal Combustion Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cylinders, the sub-segment i.e. Single Cylinder Engine will boost the Natural Gas Internal Combustion Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growing Popularity of CNG as a Fuel
Market Growth Drivers:
The Exponential Growth in Automotive Industry Worldwide, The Rising Demand from Aerospace and Marine Sector, The Growing Environment Concerns Due to Gasoline Combustion and Stringent Government Regulations over Carbon Emissions
Challenges:
The Cost and Placement of Fuel Storage Containers Is the Major Barrier to Wider/Quicker Adoption of CNG as A Fuel
Restraints:
The Growing Popularity of Electric Vehicles
Opportunities:
Technological Advancements in CNG Internal Combustion Engines and The Growth Opportunities from Developing Nations
Market Leaders and their expansionary development strategies
On 24 Sept. 2019, Cummins, the global power leader offering customers a broad portfolio of solutions, is propelling a bus in Chile with the company’s L9N Near Zero emission natural gas engine, the first application for the engine outside the United States. The L9N, considered one of the world’s cleanest internal combustion engines, can significantly reduce particulate matter (PM), nitrogen oxides (NOx) and greenhouse gases (GHGs). The 320-horsepower engine is powering a bus through Santiago, Chile’s capital city, on a test basis.
In February 2023. Cummins is offering a full portfolio of products to cover the medium-duty and heavy-duty customer needs, including the new 15-liter natural gas engine, the X15N. Additionally, the B6. 7 will be offered in diesel, natural gas, gasoline and propane.
Key Target Audience
Natural Gas Combustion Engine Manufacturers, Natural Gas Combustion Engine Raw Material Suppliers, Natural Gas Combustion Engine Traders/Distributors, Importer/Exporter, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.