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North America Natural Gas Engine Market – Industry Trends and Forecast to 2030

Chemical and Materials

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North America Natural Gas Engine Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Natural Gas Engine Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD MILLION
Diagram Market Size (Forecast Year) USD MILLION
Diagram CAGR %

Major Markets Players

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  • Dummy2
  • Dummy3
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North America Natural Gas Engine Market, By Engine Family (Spark Ignited Engines, Dual Fuel Type Engines and High Pressure Direct Injection), By 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) – Industry Trends and Forecast to 2030.

North America Natural Gas Engine Market

North America Natural Gas Engine Market Analysis and Size  

Natural gas engine is used for power generation by using natural gas. The gas engine can be operated with several types of gases such as natural gas, mine gas, shale gas, landfill gas, biogas, landfill gas syngas, and sewage gas. Natural gas can even be used at the time of emergency. Along with this, transportable generators have also been considered as one of the most operative as well as reasonable fuels amongst the variety of non-renewable power generation resources. Natural gas engine can be implemented in various sectors such as waste water treatment (WWT) plants, coal mines, food processing, agricultural processing and green houses. They are basically considered for maximum thermal and electrical efficiency, low operational and service cost, and high availability and reliability. A natural gas includes compressed natural gas (CNG) and liquefied natural gas (LNG).

Data Bridge Market Research analyses that the natural gas engine market which was USD 1469.12 million in 2022, would rocket up to USD 2100.54 million by 2030, and is expected to undergo a CAGR of 7.2% during the forecast period.

Spark ignited engines dominates the engine family segment of the natural gas engine market  because of high amount of loading capacity in comparison to any other type of engine. 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 depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

North America Natural Gas Engine Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Tons, Pricing in USD

Segments Covered

Engine Family (Spark Ignited Engines, Dual Fuel Type Engines 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

Countries Covered

U.S., Canada, Mexico

Market Players Covered

YANMAR HOLDINGS CO., LTD., Westport Fuel Systems Inc., Wärtsilä , BERGEN ENGINES AS (a subsidiary of Rolls-Royce plc), Liebherr-International Deutschland GmbH, JFE Engineering Corporation (a subsidiary of JFE Holdings, Inc.), Siemens, Caterpillar, Cummins Inc., INNIO, MITSUBISHI HEAVY INDUSTRIES, LTD., Kawasaki Heavy Industries, Ltd., DEUTZ AG, Doosan Corporation and, Ltd among others

Market Opportunities

  • Increased focus on reducing carbon emission
  • Shifting focus on gas fired power plants
  • Technological advancements for leading efficient power generation

Market Definition

Natural gas engines generate clean and efficient power by burning natural gas as fuel instead of diesel or gasoline which in turn results in lower emissions of harmful pollutants such as particulate matter, carbon monoxide, nitrogen oxides and sulphur oxides. Natural gas engines have higher thermal efficiencies leading to better fuel efficiency and reduce greenhouse gas emissions.        

North America Natural Gas Engine Market​​​​​​​ Dynamics

Drivers

  • Rising Clean and Efficient Technology for Power Generation

Natural gas has been described as “clean burning” since it produces very less amount of the undesirable by-products per unit energy in comparison to petroleum or coal. The amount of the combustion units of carbon dioxide released from the burning of natural gas in any sector is almost half of the coal. The natural gas usage has been increased in various formations due to the increasing environmental impacts that have maximized the areas of applications. The Environmental Protection Agency’s considered the natural gas as the cleanest source of energy. Along with this, the natural gas is very much energy efficient as it produces more energy in the gas fired plant by the usage of turbines as compared to the other sources of energy such as coal and many others.

  • Growing Environmental Concerns

The environmental concerns are increasing in the economy due to the increase in rate of the environmental pollution due to various industrial as well as commercial activities going on all over the world. With the growing modernization, the manufacturers as well as the government is focusing on the usage of the energy in the activities which do not affect the environment. The manufacturers are making huge amount of the investments in the clean energy along with this all the business efforts towards the cutting down of the rate of the emission of the carbon which generates through the harmful fossil fuels. The cutting of the speeding up rate of the carbon emission is possible only through the transition of the harmful fossil fuels into the clean energy of fossil fuel.

  • Increased Adoption Across Commercial Sector

The increasing usage of the natural gas engine in the commercial sectors leads to the formation of the proper sustainable balance in the economy and along with this minimized the usage of the other harmful sources of energy such as coal and several others which depletes the ozone layer and affects the environment. Due to this, the consumption of the natural gas engine is increasing in various economies which are mainly heading towards the sustainable development.

Opportunities

Shift Towards Gas Fired Power Plants

Furthermore, shift towards gas fired plants, technological advancements leading to efficient power generation will extend profitable opportunities for the market players in the forecast period of 2023 to 2030. Additionally, rise in the demand of gas engine in marine industry and increasing automotive sector growth will further expand the market's growth rate in the future. 

Restraint/Challenge

Limited Reserves Of The Natural Gas

One of the major challenges faced by the users of natural gas engine is the limited reserves of the natural gas. As the natural gas engine helps in the sustainability of the environment as compared to the usage of any other kinds of resources that are used to generate energy. As other gases, the natural resources are free from the undesired components which include the acidic gases and several other things that impact the weather because of the depletion of the ozone layer.

With the times, the natural gas is becoming the side lines of development of the industries. The natural gas is used widely in various areas. As per the usage, the resources are kept in reserves in order to fulfil the demand of various sectors in a proper manner. But due to the limited reserves, the demand of each and every sector is not being fulfilled properly. The limited reserves of the natural gas may impact the demand of the natural gas engine in the global 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.

Recent Development

  • In August 2020, Caterpillar Inc., which is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial turbines, launched a natural gas-powered generator set named Cat C32B. It is a high-performance 2,000 HP marine engine with a rated engine speed of 2,300 rpm. It will be available at ratings that meet both IMO II and EPA Tier 3 emissions regulations
  • In July 2022, Sempra Infrastructure signed an agreement with Mexico's Federal Electricity Commission to advance the joint development of critical energy infrastructure projects in Mexico, including the rerouting of the Guaymas-El Oro pipeline in Sonora, the proposed Vista Pacífico LNG project in Topolobampo, Sinaloa, and the potential development of a liquefied natural gas (LNG) terminal in Salina Cruz, Oaxaca.

North America Natural Gas Engine Market Scope

The natural gas engine market is segmented on the basis of the engine family, power output, The growth amongst these segments will help you analyze 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

  • Spark Ignited Engines
  • Dual Fuel Type Engines
  • High Pressure Direct Injection

Power Output

  • 500 KW-800 KW
  • 1000 KW- 2000 KW
  • 3000 KW- 4500 KW

Application

  • Natural Gas Gensets
  • Natural Gas Automotive
  • Vehicles (cars, auto, trucks)
  • Gasoline stations
  • Decentralized Energy Generation

End User

  • Hospitals
  • Outpatient Facilities
  • Ambulatory Centers
  • Clinics
  • Others

Natural Gas Engine Market Regional Analysis/Insights

The natural gas engine market is analysed and market size insights and trends are by engine family, power output, application as referenced above.

The countries covered in the natural gas engine market report are U.S., Canada, Mexico.

The U.S. dominates the natural gas engine market because of  high innovations and development in the manufacturing of products.

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.   

Natural Gas Engine Market growth and New Technology Penetration

The natural gas engine market also provides you with detailed market analysis for every country growth in automotive expenditure for capital equipment, installed base of different kind of products for natural gas engine market, impact of technology using life line curves and changes in regulatory scenarios and their impact on the natural gas engine market. The data is available for historic period 2015-2020.

Competitive Landscape and Natural gas engine Market Share Analysis

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:

  • YANMAR HOLDINGS CO., LTD.,
  • Westport Fuel Systems Inc.,
  • Wärtsilä,
  • BERGEN ENGINES AS (a subsidiary of Rolls-Royce plc),
  • Liebherr-International Deutschland GmbH,
  • JFE Engineering Corporation (a subsidiary of JFE Holdings, Inc.),
  • Siemens,
  • Caterpillar,
  • Cummins Inc.,
  • INNIO,
  • MITSUBISHI HEAVY INDUSTRIES, LTD.,
  • Kawasaki Heavy Industries, Ltd.,
  • DEUTZ AG,
  • Doosan Corporation and, Ltd


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Research Methodology:

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.

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FREQUENTLY ASK QUESTIONS

The North America natural gas engine market which was USD 1469.12 million in 2022, would rocket up to USD 2100.54 million undergoing a CAGR of 7.2% by 2030.
The natural gas engine market is projected to grow at a CAGR of 7.2% during the forecast period of 2023-2030.
The countries covered in the natural gas engine market report are U.S., Canada, Mexico.
The natural gas engine market is analyzed on the basis of the engine family, power output
The U.S. dominates the natural gas engine market because of high innovations and development in the manufacturing of products.
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