Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 9,532.23 Million |
| USD 15,078.64 Million | |
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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), Horsepower (Up to 1,000 HP, 1,000-2,000 HP, Above 2,000 HP), End User(Utilities, Marine, Oil and Gas, Manufacturing, Commercial Complexes, Wastewater Treatment Plants, Hospitals, Greenhouse Operators) – Industry Trends and Forecast to 2030.
Over the past few years, various technological advancements have been producing better types of gas engines and it has immensely helped the gas engines market. The market is also occupying a huge place for clean and efficient power-developing technology, which will help to increase the growth of the market.
Data Bridge Market Research analyses that the natural gas engine market, valued at USD 9,532.23 million in 2022, will reach USD 15,078.64 million by 2030, growing at a CAGR of 5.9% during the forecast period of 2023 to 2030. 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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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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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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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), Horsepower (Up to 1,000 HP, 1,000-2,000 HP, Above 2,000 HP), End User(Utilities, Marine, Oil and Gas, Manufacturing, Commercial Complexes, Wastewater Treatment Plants, Hospitals, Greenhouse Operators)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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Siemens (Germany), Cummins Inc (U.S.), MITSUBISHI HEAVY INDUSTRIES, LTD (Japan), INNIO (Austria), Doosan Corporation (South Korea), Wärtsilä (Finland), Langley Holdings Company(Norway), Caterpillar (U.S.), JFE Engineering Corporation (Japan), Kawasaki Heavy Industries, Ltd (Japan), Westport Fuel Systems Inc (Canada), YANMAR HOLDINGS CO., LTD (Japan), DEUTZ Corporation(Germany), IHI Corporation(Japan), MAN Energy Solutions SE (Germany), Wärtsilä (Finland), Caterpillar (U.S.), Rolls-Royce Power Systems AG (Germany), Rolls-Royce plc (Austria), Cummins Inc (U.S.), Doosan Infracore Co., Ltd. (South Korea), DEUTZ AG (Germany), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
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Market Opportunities
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Market Definition
An internal combustion engine runs with the help of gaseous fuels such as coal gas, producer gas, biogas, landfill gas, and natural gas is a gas engine. Natural gas is also more effective and beneficial than gasoline in the cause of fuel efficiency. Natural gas content has lower hydrocarbon and a high octane rating, which helps engine combustion and performance.
Drivers
Natural gas engines burn cleaner, without soot pollution of the engine oil in the crankcase. As compared to natural gas oil and coal-fired power plants, natural gas power plants produce less amount of carbon monoxide (CO), less amount of carbon dioxide (CO2), less amount Sulphur oxide (SO), and less amount of nitrogen oxide (NO). Natural gas power plants also have thermodynamic efficiency, as a result, the demand for natural gas engines has increased due to the advantages.
Natural gas-fired power stations are preferred for their cost-effectiveness and ease of construction. Compared to other types of power plants, they require less capital investment, have shorter construction times, and lower operating costs. The availability of natural gas infrastructure also contributes to their appeal. These factors make natural gas-fired power stations a favorable choice for meeting energy demands efficiently and economically.
Opportunities
Factors such as increasing concern about the environment and decreasing carbon releases create opportunities for the market players of natural gas engines in the forecast period of 2023 to 2030. Furthermore, the growing positive attitude towards gas-fired power plants and acceptance of natural gas as a change fuel will enlarge the upcoming growth of the natural gas engine market.
Government support plays a crucial role in stimulating the growth of the natural gas engine market. Incentives such as tax credits, subsidies, and grants encourage the adoption of natural gas engines in various sectors, including transportation, power generation, and industrial applications. Government policies that prioritize clean energy and emissions reduction further drive the demand for natural gas engines. These supportive measures create opportunities for manufacturers and suppliers to expand their market presence and drive innovation in natural gas engine technologies.
Restraints/Challenges
The factors affecting the natural gas engine market is the trade war between the countries such as the US-China trade war, as well as Australia-China tensions, bad political relation and tensions between the CIS and certain European countries, and political complications among Russia and the European Union (EU) over the Ukraine issue, which are affecting the supply and pricing of natural gas, which is also projected to be a demerit for the natural gas engine market.
The indiscretions in natural gas reserves are one of the major problems for the natural gas engine market which also increases the prices of natural gas which directly impact natural gas engine price. In instance, two-thirds of the global natural gas reserves are situated in the countries, such as Iran and Qatar. Furthermore, the search and supply of maximum of the biosphere’s natural gas are concentrated in rare countries, which is further resulted in price variation for distributors, which can obligate the market growth of the natural gas engine market
This natural gas engine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the natural gas engine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
The natural gas engine market is segmented on the basis of engine family, power output, application horsepower, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Engine Family
Power Output
Application
Horsepower
End User
The natural gas engine market is analysed and market size insights and trends are provided by country, engine family, power output, application horsepower, end user referenced above.
The countries covered in the natural gas engine market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe.
The dominance of the U.K. in the European natural gas engine market can be attributed to the high demand for low-sound production engines among manufacturers in the region. The U.K.'s focus on noise reduction aligns with the growing need for quieter and more environmentally friendly engines
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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to natural gas engine market.
Some of the major players operating in the natural gas engine market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Europe Natural Gas Engine Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Europe Natural Gas Engine Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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 customized 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 analyzed 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 (Fact book) or can assist you in creating presentations from the data sets available in the report.