North America 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) Industry Trends and Forecast to 2027
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 7.2% in the forecast period of 2020 to 2027 and is expected to reach USD 1,900.54 million by 2027. Increasing usage of natural gas engine in power plants are the factors driving the natural gas engine 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 natural gas engine market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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 the natural gas engine market report are the U.S., Canada and Mexico.
The U.S. is dominating in the North America natural gas engine market due to the increasing demand of the natural gas engine in commercial sector as the consumers are more concern towards environment that boosts the requirement of natural gas engine in the region.
The country section of the report also provides individual natural gas engine 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 North America 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.
Growing Shift towards the Usage of Gas Fired Power Plants
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
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, North America 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 natural gas engine market.
The major players covered in the North America natural gas engine market report 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 among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the natural gas engine market.
- In March 2020, DEUTZ AG honoured with 2020 German Stevie Awards for electric drive technology. The award helps to increase the sales of the business and demand of the product in the market which generates revenue of the business.
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market players is enhancing the company market in the natural gas engine market which also provides the benefit for organization to improve their offering for natural gas engine.
Customization Available : North America 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.