India Natural Gas Engines Market is expected to register a CAGR of healthy rate in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Access Full Report at https://databridgemarketresearch.com/reports/india-natural-gas-engines-market/
India Natural Gas Engines Market By Engine Family (Spark Ignited Engines, High Pressure Direct Injection, Duel Fuel Type Engine), By Power Output (15 KW -100 KW, 100 KW -399KW, 400 KW -800 KW, 1000 KW - 2000KW, 3000 KW- 4500 KW), By Application (Natural gas Gensets, Natural Gas Automotive, Decentralized Energy Generation) - Industry Trends and Forecast to 2025
Prominent factors driving the growth of this market consist of growing globalization and urbanization have increased the demand of electricity, increasing demand of clean and efficient technology for power generation and target for the reduction of carbon emission.
Gas is clean, efficient and flexible. Low emissions and high efficiency in energy production play a key role in the investment for decisions. As emission requirements and regulations become more and more stringent, gas offers many advantages such as low carbon dioxide emissions, low nitrogen dioxide emissions, no Sulphur dioxide emissions and no particle emissions. Due to the low operation and maintenance costs of gas power plants, producing electricity from gas plants is highly efficient than burning other fossil fuels. It allows the global economy to begin to reduce harmful air emissions and carbon, while complementing the development of renewables, and other innovative low-carbon energy technologies. In generating electricity, natural gas produces around half of the greenhouse gas emissions (GHGs) compared to coal.
Also, air pollutants such as PM2.5, NOx, and SOx, are detrimental to human health and greater use of natural gas in power generation and transportation sectors will help to significantly reduce these harmful emissions. According to international gas union, the annual cost of air pollution globally was estimated at USD 3.8 trillion in 2015 and is projected to grow up to USD 30 trillion per year in 2060, with the cost being disproportionately born by the non OECD countries. Considering such factors, rising the demand for clean and efficient technology for power generation.
Realizing the full benefits of natural gas that require robust predictable policies and regulatory structures, policy frameworks that support switching from coal to natural gas in power generation and industry offers a fast and affordable way to meet demand while reducing carbon dioxide emissions that contribute to climate change.
INCREASING GLOBALIZATION AND URBANIZATION HAS INCREASED THE USAGE OF ELECTRICITY
Natural gas engines are basically used for generating power by using a natural gas. Natural gas can be used to power both emergency and portable generators and is observed as one of the most reasonable and operative fuels amongst non-renewable resources for generation of power. Natural gas engines can be mainly applied in diverse sectors as in waste water treatment plants (WWT), coal mines, agricultural and food processing, green houses, electricity generations and others. For instance, according to the CEDIGAZ Insights, in india natural gas consumed in different sector as in fiscal year 2015-2016 such as fertilizer (34%), electric power (23%), refining (11%), city gas distribution and transport (11%), and petrochemical industries (8%).
Moreover according to the smart city act of MINISTERY OF HOUSING AND URBAN AFFAIRS in 2018, the total urban population impacted are 99,630,069. Hence the demand of electricity in domestic sector will be high.
Moreover according to, GAIL, the total sales of natural gas are around 60% in the country. Which includes 29% is to the power sector and 34% to the fertilizer sector. GAIL is providing around 49 MMSCMD of Natural Gas from domestic sources to customers across India. These customers range from the smallest of companies to mega power and fertilizer plants.
Whereas in commercial sector, PNG has been found to be very useful in applications like cooking, air conditioning and power generation. There is thus no hassle of handling, refilling and changing of cylinders. The uninterrupted supply of the natural gas as fuel to the commercial units helps them to provide better quality of service to its customers. When compared with other available alternative fuels like commercial LPG, PNG is cheaper. Further, GAIL’s CGD entities are supplying PNG to over 8424 commercial units. GAIL’s CGD entities are supplying PNG to over 1860 industrial units across the country
Thus, growing demand of electricity in domestic and commercial application and due to the globalization and urbanization and smart cities plans are expected to growth of the natural gas engine.
Some of the prominent participants operating in this market are Cooper Corp., GreenPower, Cummins Inc., Caterpillar, DEUTZ Corporation., LIEBHERR-Components AG, KUBOTA Corporation, Cyra, Tata Motors., Siemens AG, GE Power, Enerzea Power Solution among others.
India Natural Gas Engines Market – Industry Trends and Forecast to 2027