Europe Natural Gas Engine Market, By 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), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe)- Industry Trends and Forecast to 2027
Market Analysis and Insights: Europe Natural Gas Engine Market
Natural gas engine market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 8.5% in the forecast period of 2020 to 2027 and expected to reach USD 2,832.39 Thousand by 2027. Growing demand of natural gas engine due to increasing environmental concerns is the factor for the market growth.
The clean and efficient technology for power generation leads to the enhanced production of the natural gas engine. Though, the clean and efficient technology for power generation can be the driver for the natural gas engine market. The natural gas prices disparity decreases the production of the natural gas engine in the market due to decreased level of demand. So, the disparity of the natural gas prices across regional markets can be the restraint in the natural gas engine market.
The shift towards gas fired power plants can be the opportunity for the natural gas engine market. The growing lack of fuelling stations is a big issue for industrial as well as commercial sector for individuals. So, the lack of fuelling stations can be the challenge for the natural gas engine market globally.
This natural gas engine market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Natural Gas Engine Market Scope and Market Size
Natural gas engine market is segmented on the basis of engine family, power output and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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. In 2020, the demand of spark ignited engines segment is dominating because of high amount of loading capacity in comparison to any other type of engine.
- 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. In 2020, 500 kw – 800 kw segment is dominating because of the growth of automobile industry in countries such as the U.S.
- On the basis of application, the natural gas engine market is segmented into natural gas gensets, natural gas automotive, and decentralized energy generation. In 2020, the demand of natural gas gensets segment has been growing very rapidly because of the increasing preference of cleanest fossil fuels in gensets among individuals in the market.
Natural gas engine Market Country Level Analysis
Natural gas engine market is analysed and market size information is provided by country, engine family, power output and application as referenced above.
The countries covered in Europe natural gas engine market report are Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe.
The U.K. is dominating the Europe natural gas engine market due to high demand of low noise making engines among the manufacturers in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Improving Technological Advancements Leading to Efficient Power Generation
Europe natural gas engine market also provides you with detailed market analysis for every country growth in installed base of different kind of products for Natural gas engine market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the Natural gas engine market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Natural gas engine Market Share Analysis
Europe natural gas engine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe natural gas engine market.
The major players covered in the report are Siemens, MAN SE, Cummins Inc., MITSUBISHI HEAVY INDUSTRIES, LTD, INNIO, Doosan Corporation, Wärtsilä, BERGEN ENGINES AS (ASubsidiary of Rolls-Royce plc), Caterpillar, JFE Engineering Corporation, Kawasaki Heavy Industries, Ltd., Westport Fuel Systems Inc, YANMAR HOLDINGS CO., LTD., DEUTZ AG, IHI Power Systems Co.,Ltd. (Subsidiary of IHI Corporation), LIEBHERR among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In September 2019, Cummins Inc., collaborated with Hyundai Motor Company on Hydrogen Fuel Cell Technology. The collaboration helps the company to increase their production line and generates revenue of the business in the future.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for natural gas engine.
Customization Available : Europe Natural Gas Engine Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.