The India natural gas engines market demonstrates significant growth potential Natural gas engines are recognized for their reliability and cost-efficiency, offering low operational and maintenance costs. With a growing emphasis on reducing emissions and transitioning to cleaner fuels, the demand for natural gas engines is expected to rise in various applications, including power generation, transportation, and industrial sectors in India.
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Data Bridge Market Research analyses that the India Natural Gas Engines Market is expected to witness market growth at a rate of 7.50% in the forecast period of 2022 to 2029. The increasing environmental concerns and stringent emissions regulations in India are driving the demand for cleaner and more sustainable energy solutions. Natural gas engines, with their lower emissions compared to traditional fossil fuel engines, are being sought after by industries and businesses aiming to reduce their carbon footprint.
Key Findings of the Study
Government initiatives and policies are expected to drive the market's growth rate
Government initiatives and policies are key drivers of the India natural gas engines market. The Indian government has implemented various measures to promote clean energy and reduce emissions, creating a favorable environment for the adoption of natural gas engines. This includes incentives, subsidies, and regulatory frameworks that incentivize businesses and industries to switch to cleaner fuels. The government's focus on infrastructure development, such as establishing natural gas distribution networks, further supports the growth of the natural gas engine market in India.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Fuel Type (Natural Gas, Special Gas, Others), Engine Family (Spark Ignited Engines, Dual Fuel Type Engine and High Pressure Direct Injection), Power Output (500 KW – 800 KW, 1000 KW – 2000 KW and 3000 KW – 4500 KW), Application (Natural Gas Gensets, Natural Gas Automotive and Decentralized Energy Generation), End User (Utilities, Oil and Gas, Manufacturing, Others),
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Market Players Covered
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YANMAR HOLDINGS CO., LTD. (Japan) IHI Power Systems (Japan), General Electric (U.S.), Kawasaki Heavy Industries (Japan) LIEBHERR-Components AG (Switzerland), Caterpillar (U.S.), KUBOTA Corporation (Japan)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
The natural gas engines market is segmented on the basis of fuel type, engine family, power output, application, and end user.
- On the basis of fuel type, the natural gas engines market is segmented into natural gas, special gas, and others.
- On the basis of engine family, the natural gas engines market is segmented into spark ignited engines, dual fuel type engines, and high pressure direct injection.
- On the basis of power output, the India natural gas engines market is segmented into 500 KW – 800 KW, 1000 KW – 2000 KW, and 3000 KW – 4500 KW.
- On the basis of application India natural gas engines market is segmented into natural gas gensets, natural gas automotive, and decentralized energy generation.
- On the basis of end user, the India natural gas engines market is segmented into utilities, oil and gas, manufacturing, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major India natural gas engines market players in India natural gas engines market are YANMAR HOLDINGS CO., LTD. (Japan) IHI Power Systems (Japan), General Electric (U.S.), Kawasaki Heavy Industries (Japan) LIEBHERR-Components AG (Switzerland), Caterpillar (U.S.), KUBOTA Corporation (Japan)
Market Developments
- In December 2021,Rolls-Royce Holdings extended engine running times up to 96,000 hours for MTU Series 4000 engines in marine applications. These engines can now run up to 25 years before major overhauls, depending on usage.
- In November 2021,Wärtsilä signed a contract with Mexico’s CFE for two multi-fuel power plants with a combined output of 600 MW. Mexicali Oriente and Parque Industrial plants will feature Wärtsilä dual-fuel engines for enhanced efficiency and flexibility.
- In September 2021,Caterpillar acquired Carbon Point Solutions to implement carbon capture systems in engines and turbines, reducing greenhouse gas emissions.
- In September 2021,Wärtsilä signed a Concession Agreement with Gabon Power Company for a 120 MW gas power plant, benefiting 600,000 people with sustainable electricity supply in Gabon.
- In April 2021,Siemens Energy partnered with TSK for the Atinkou combined-cycle gas power plant in Côte d’Ivoire, delivering highly efficient energy technology and services.
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