Global 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 (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Rest of South America, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global 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 with the CAGR of 7.4% in the forecast period of 2020 to 2027 and expected to reach USD 6,973.57 million by 2027. Increasing demand of natural gas engine due to availability of natural gas at fewer prices among consumers is a driving factor for the market growth.
Increasing adoption in commercial sector will increase the production of natural gas engine products that drives the market.
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 the 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, geographical 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.
Global 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 growing application in automobile sector.
- 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 property of high fuel efficiency.
- 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, natural gas gensets is dominating the market as the demand of natural gas gensets has been growing very rapidly because of the growing demand of cleanest fossil fuels in gensets 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 natural gas engine market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Rest of South America, South Africa, and Rest of Middle East and Africa.
Europe dominates the natural gas engine market as in the U.K., the consumers are more aware of their environment which demands environment-friendly things that are majorly manufactured from the natural gas engine. Europe region is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 because of increasing business expansion and awareness among the customers. The U.K. is leading the growth of the European market due to the growing demand for the natural gas engine in power plants which boosts the demand of the natural gas engine while China is dominating the Asia-Pacific market due to the growing usage of the automotive in the region. In the North America region, the U.S. is dominating the growing environmental concerns in the region. Also, the increasing consumption of natural gas engines and the easy availability of natural gas boost the demand for the natural gas engine in the market.
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 global 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.
Rising Marine Application Fuelling Demand for Gas Engines
Natural gas engine market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in natural gas engine and changes in regulatory scenarios with their support for the natural gas engine market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Natural Gas Engine Market Share Analysis
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, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global natural gas engine market.
The major players covered in the report are 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, JFE Engineering Corporation, Siemens, Caterpillar, Cummins Inc. , INNIO, MITSUBISHI HEAVY INDUSTRIES, LTD, Kawasaki Heavy Industries, Ltd., DEUTZ AG , Doosan Corporation, Guangdong Honny Power-Tech Co., Ltd among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of natural gas engine market.
- In March 2020, Doosan Corporation launched a new ‘Euro 6’ electronic engine intending to target the commercial vehicles. The launch helps the company in increasing the sales of the business by the production of new products in the market
- In October 2019, Caterpillar had participated in BAIRD Global Industrial Conference 2019. The conference helps in generating revenue and increases the customer base of the business.
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: Global 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.