Global Natural Gas Engine Market is Expected to Grow at 7.4% in the Forecast Period of 2020 to 2027

Global Natural Gas Engine Market is forecasted to grow at 7.4% with factors such as increasing consumption of natural gas engine in the commercial sector.

Natural gas engine market has shown an exceptional penetration in countries such as Germany, U.S. and China. Growing usage of natural gas engine is increasing the penetration in developed countries. In developing countries, increasing marine application fueling demand for gas engines is creating opportunity for the global natural gas engine market.

Natural Gas Engine Market Scenario

According to Data Bridge Market Research, the market for natural gas engine in Europe region has the highest market share followed by North America and Asia-Pacific. Market leader are Siemens, MITSUBISHI HEAVY INDUSTRIES, LTD and Cummins Inc. which accounts an estimated market share of approximately 35% to 38% in the Asia-Pacific. The company has gained outstanding sale through their wide range of natural gas engine that have wide range of application in automobile sector.

For instance,

  • In June 2020, MITSUBISHI HEAVY INDUSTRIES, LTD participated in the establishment of The Mærsk Mc-Kinney Møller Center for zero-carbon shipping to promote Decarbonization of the global shipping industry. Participation helps in increasing the goodwill of the business
  • In December 2018, Siemens AG inaugurated its new campus in Zug which is an international headquarters of the Siemens Building Technologies segment. The expansion helps in enhancing business sales as well as maximizes the goodwill of the business.

Trends Impacting the Market

Now the question is which other regions Siemens, MITSUBISHI HEAVY INDUSTRIES, LTD and Cummins Inc. are targeting? Data Bridge Market Research has forecasted a large growth in Europe natural gas engine market and the market leaders targeting the U.K. and Germany to be their next revenue pockets for 2020.

Natural gas engine market is becoming more competitive every year with companies such as Siemens, MITSUBISHI HEAVY INDUSTRIES, LTD and Cummins Inc. as they are the market leaders for natural gas engine. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the natural gas engine market.

For more analysis on the natural gas engine market request for a briefing with our analysts

Natural Gas Engine Market Development

  • In October 2019, MITSUBISHI HEAVY INDUSTRIES, LTD acquired the Siemens' stake especially in Primetals Technologies. The acquisition helps in increasing the customer base of the company and generates revenue of the business.

Scope of the Natural Gas Engine Market

Global natural gas engine market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Rest of South America, South Africa, Rest of Middle East & Africa.

  • All country based analysis of natural gas engine market is further analyzed based on further segmentation. On the basis of engine family, the natural gas engine market is segmented into spark ignited engines, dual fuel type engines and high pressure direct injection. On the basis of power output, the natural gas engine market is segmented into 500 kw – 800 kw, 1000 kw – 2000 kw and 3000 kw – 4500 kw. On the basis of application, the natural gas engine market is segmented into natural gas gensets, natural gas automotive, and decentralized energy generation.

To know more about the study

Key Pointers Covered in Natural Gas Engine Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness
  • Value Chain Analysis

Key Market Competitors Covered in the Report

  • Westport Fuel Systems Inc
  • Wärtsilä
  • IHI Power Systems Co.,Ltd. (Subsidiary of IHI Corporation)
  • MAN SE
  • JFE Engineering Corporation
  • Siemens
  • Caterpillar
  • Cummins Inc.
  • Kawasaki Heavy Industries, Ltd.
  • Doosan Corporation
  • Guangdong Honny Power-Tech Co., Ltd

Above are the key players covered in the report, to know about more and exhaustive list of natural gas engine companies, contact us

Research Methodology: Global Natural Gas Engine Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Automotive Industry, Gensets Industry
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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