Market Overview

The Global Market for Gas Engines, 2018-2023: Drivers, Trends and Challenges -


The "Global
Gas Engine Market - Analysis by End-user, Application, Fuel Type, and
Geography - Growth, Trends, and Forecast (2018 - 2023)"
has been added to's offering.

The demand for reliable and clean electricity is growing across the
world on account of industrial expansion and development of commercial
infrastructure. Moreover, the growth in urban infrastructure is driving
the demand for a reliable source of power.

With the growing concerns over the air pollution, both, developing and
developed countries are encouraging the use of gas over other
hydrocarbons, such as crude oil and coal, as a source for power
generation. Emerging countries, such as India and China are aggressively
investing in gas transport infrastructure in order to ensure reliable
and continuous supply of the gas, which in turn is expected to assist
with driving the gas-fired power generation market. The growth of
gas-based power generation is expected to support the demand for gas
engines in the power sector.

Key Highlights

  • Higher Efficiency for Large Power Capacity Units to Drive the Market
  • Europe to Dominate the Market Share

Notable Developments in the Market

  • April 2018: Wrtsil signed a contract to engineer, manufacture and
    deliver a 130-MW Flexicycle plant which would be an integral part of
    Senegal's energy future. The Flexicycle solution is based on a gas,
    multi-fuel, or liquid fuel power plant combined with a steam turbine.
  • December 2017: General Electric has signed an agreement for the supply
    of 21 Jenbacher Gas Engines in Russia. The engines will be supplied by
    GE's Channel Partner GreenTech Energy Company by the end of 2018.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

  • Caterpillar Inc.
  • Cummins Inc.
  • Siemens AG
  • Rolls-Royce Holdings PLC
  • Wartsila OYJ ABP
  • Mitsubishi Heavy Industries Ltd.
  • Hyundai Heavy Industries Co. Ltd.
  • Man SE
  • General Electric Company
  • Kawasaki Heavy Industries Ltd.
  • JFE Engineering Corporation
  • Liebherr Group

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