Global Gas Engine- Market Overview:
Gas engines are the engines that run on gasoline as their primary fuel source. These engines are commonly found in various applications such as automobiles, motorcycles, lawnmowers, boats, and small machinery. Gas engines operate by burning fuel within internal combustion chambers to generate power, which is then transferred to mechanical components to produce motion or perform work. These engines are widely used due to their convenience, availability of fuel, and relatively high energy density compared to other types of engines.
As per latest study released by AMA Research, the Global Gas Engine- market is expected to see growth rate of 6.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Shift towards gasoline power generation
Market Growth Drivers:
Increasing demand for natural-based engine and Growing preference for the cost-effectiveness of fuel-based engine
Challenges:
Gas engines produce significant noise and vibration during operation
Restraints:
Gas engines require regular maintenance to ensure optimal performance and reliability
Opportunities:
Advancements in engine technology for the efficiency of gasoline-powered generators
Competitive Landscape:
Companies are expanding their offerings, integrating hybrid and electrified power solutions alongside traditional gas engines to address evolving market needs. With a focus on versatility, manufacturers are finding applications in stationary power generation, oil and gas operations, marine propulsion, and beyond, solidifying their position as key players in critical industries. Whether through advancements in technology, expansion into emerging markets, or commitments to sustainability, competition within the gas engine landscape remains intense, driving forward progress and shaping the future of energy solutions.
Some of the key players profiled in the report are Caterpillar (United States), Cummins Inc. (United States), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), Kawasaki Heavy Industries, Ltd. (Japan), C.S.I. Power (China), IHI Power Systems Co., Ltd. (Japan), JFE Engineering Corporation (Japan), Hyundai Heavy Industries Co., Ltd. (South Korea), Liebherr (Switzerland), R Schmitt Enertec GmbH (Germany), Wärtsilä (Finland), Rolls-Royce plc (United Kingdom), INNIO (Austria), MAN SE (Germany) and Siemens Energy (Germany). Analyst at AMA Research see Japan Vendors to retain maximum share of Global Gas Engine- market by 2030. Considering Market by End User, the sub-segment i.e. Automotive will boost the Gas Engine- market. Considering Market by Power Output, the sub-segment i.e. 0.5–1 MW will boost the Gas Engine- market.
In February 2023, Cummins Inc. announced the launch of a fuel-agnostic series, the X10, in North America in 2026, to provide customers with greater flexibility in fuel choices while reducing environmental impact. and In August 2023, Toyota Motor introduced the world's first car that can run fully on alternative fuel, ethanol, and is equipped with a flex-fuel engine. The company aims to catalyze the adoption of flex-fuel vehicles in the global market.
What Can be Explored with the Gas Engine- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gas Engine- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gas Engine-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gas Engine- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gas Engine- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.