A gas engine is an internal combustion engine which runs on a gas fuel, such as coal gas, producer gas , biogas , landfill gas or natural gas . As one of the most important equipment for Oil & Gas, electricity generation, Gas Engines plays a valuable role in energy industry. The larger and larger downstream demand drives Gas Engines industry developing.
General Electric, Caterpillar, Kawasaki Heavy Industries captured the three market share spots in the Gas Engines revenue market in 2015, which dominated with 36.69 percent market share altogether. Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area. There will be more new investors entering into this industry in the future.
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The global Gas Engines market was 3370 million US$ in 2018 and is expected to 5630 million US$ by the end of 2025, growing at a CAGR of 7.6% between 2019 and 2025.
