Siemens, MITSUBISHI HEAVY INDUSTRIES, LTD and Cummins Inc. are Dominating the Global Natural Gas Engine Market in 2019

Global Natural Gas Engine Market is expected to grow with the CAGR of 7.4% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Natural gas engine market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global natural gas engine market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in December 2018, Siemens started world’s largest installations of its building technologies segment at Expo 2020 Dubai. The smart technology that provides Siemens have supported Dubai’s Expo 2020 for safety, security and energy efficiency. The expansion helps in maximising the customer base of the company which generates revenue of the business.

Siemens is the dominating player in global natural gas engine market. The other key players existing in the market YANMAR HOLDINGS CO., LTD., Westport Fuel Systems Inc, Wärtsilä, IHI Power Systems Co.,Ltd. (Subsidiary of IHI Corporation), MAN SE, BERGEN ENGINES AS (A Subsidiary of Rolls-Royce plc), Liebherr-International Deutschland GmbH, JFE Engineering Corporation , Caterpillar, Cummins Inc., INNIO, MITSUBISHI HEAVY INDUSTRIES, LTD, Kawasaki Heavy Industries, Ltd., DEUTZ AG, Doosan Corporation and Guangdong Honny Power-Tech Co., Ltd among others .

Siemens

Siemens headquartered in Munich, Germany, founded in 1847. The company is engaged in manufacturing of innovative electrification, automation and digitalization products. The company offers various products such as building technology, energy, drive technology, financing, healthcare, industrial automation, mobility, services, software, consumer products and the market focused product is energy in natural gas engine market. The company has various subsidiaries such as Siemens Healthcare GmbH (Germany), Dresser-Rand (U.S.), Siemens PLM Software (U.S.), Siemens Gamesa Renewable Energy, (S.A.), Siemens Technology and Services (India) among others.

The company has wide global presence across the globe such as Europe, C.I.S., Asia, Africa, Middle East, Americas, and Australia.

For instance,

• In December 2018, Siemens AG inaugurates its new campus in Zug which is an international headquarters of the Siemens Building Technologies segment. The expansion helps in increasing the production of the business which also generates income of the business.

MITSUBISHI HEAVY INDUSTRIES, LTD.

MITSUBISHI HEAVY INDUSTRIES, LTD. founded in 1884 and is headquartered in Tokyo, Japan. The company is engaged in manufacturing of wide range of automobiles products that provides economic power. The company offers various products such as energy, aircraft, space, ship & ocean, transportation, material handling, environment, automotive, industrial machinery, infrastructure, living & leisure, defense, engineering among which energy is market focused segment.

The company has wide global presence in U.S., Asia, Europe, Central and South America, Middle East, Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Mitsubishi Hitachi Power Systems, Ltd. (Japan), Primetals Technologies Japan, Ltd. (Japan), Primetals Technologies USA LLC (U.S.), MLP U.S.A., Inc. (U.S.), MHI Bingshan Refrigeration (Dalian) Co.,Ltd. (China), MHI Aerospace Vietnam Co. (Vietnam) among others.

For instance,

• In December 2019, MITSUBISHI HEAVY INDUSTRIES, LTD has attended an exhibition at Japan Pavilion at COP25 which held in Madrid, Spain. The exhibition helps in increasing the customer base of the company which generates revenue of the business.

 Cummins Inc.

Cummins Inc. founded in 1919 and is headquartered in Indiana, U.S. The company is engaged in manufacturing of high quality of innovative designs of engines which has wide range of application in telecoms, hospitals and several other places. The company offers various products such as engines, generators & power systems, components, electrified power among which engines is market focused segment.

The company has wide global presence in Asia-Pacific, Europe, Middle East and Africa, North America, South America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Cummins India (India), Cummins UK (U.K.), Cummins Australia Pty. Ltd (Australia), Cummins Japan Ltd (Japan), Cummins (China) Investment Co. Ltd. (China) among others.

For instance,

• In September 2019, Cummins Inc., collaborated with Hyundai Motor Company on Hydrogen Fuel Cell Technology. The collaboration helps in increasing the customer base of the company which generates revenue of the business.