The global market for gas engines has been segmented by fuel type as natural gas, special gas, and others. Natural gas is a naturally occurring fossil fuel that is found beneath the surface of the earth at varying depths. This type of gas primarily consists of methane with different amounts of alkanes. Natural gas is increasingly being used for torque generation in several end-use industries, including power generation, automotive, and standby power. Emissions from natural gas are lower compared to other fossil fuels used for torque generation, such as coal and diesel. The special gas segment covers gases such as biogas, landfill gases, and sewage gases. According to the World Bank, about 2.01 billion metric tons of waste is produced worldwide annually. Waste production is expected to grow by 70% by 2050. With the development of advanced technologies, energy can be generated from waste, which is the primary driver for the growth of the special gas segment in the global gas engines market.
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By power output, the global gas engines market is segmented into up to 1 MW, 1-2 MW, 2–5 MW, 5–10 MW, and10–20 MW. The up to1 MW segment refers to gas engines that produce power output below 1 MW. Gas engines in the segment have extensive applications in power generation, cogeneration, and mechanical drive. The 1-2 MW segment refers to gas engines that produce power output between 1 MW and 2 MW. Gas engines included in this segment have extensive applications in power generation, cogeneration, and trigeneration. The 2–5 MW segment refers to gas engines that produce power output between 2 MW and 5 MW. Gas engines included in this segment have extensive applications in power generation, quad-generation, and trigeneration. The 5–10 MW segment engines are used for power generation in the utilities, oil & gas, manufacturing, and mining industries. The 10–20 MW segment refers to gas engines that produce power outputs between 10 MW and 20 MW. Gas engines included in this segment have applications in power generation, cogeneration, quad-generation, and trigeneration
The global market has been segmented by horsepower as Up to 1000 HP, 1000–2000 HP, and above 2000 HP. The up to 1,000 HP segment refers to gas engines that produce power below 1,000 HP. The gas engines included in this segment are widely used in end-use industries, such as oil & gas, manufacturing, and automobile. The 1,000 HP–2,000 HP segment refers to gas engines that produce power between 1,000 HP and 2,000 HP. Gas engines included in this segment are used for applications, such as power generation, gas compression, and mechanical drive. The above 2,000 HP segment refers to gas engines that produce power above 2,000 HP. Gas engines included in this segment are primarily used for electricity generation, cogeneration, trigeneration, and quad-generation.
By application, the global gas engines market is segmented into power generation, cogeneration, mechanical drive, and others. Many companies in the power generation industry are focusing on generating electricity from natural gases and other gases, primarily due to the lower emissions of greenhouse gases. Cogeneration is the simultaneous production of electricity and heat through combined heat and power. Cogeneration is estimated to increase primary energy savings by 40% compared to the purchase of electricity from electricity grids. The mechanical drive segment refers to the various mechanical equipment that are electrically powered by gas engines. Some of the conventional mechanically driven equipment powered by gas engines are air compressors, blowers, chillers, and pumps.
By end use, the global gas engines market has been segmented into utilities, manufacturing, oil & gas, mining, and others. Electrical utility companies are highly dependent on engines for generating electricity for baseload electricity generation, standby power, and peak shaving applications. The manufacturing segment is growing rapidly to reduce dependence on imports and induce economic development eventually. As the development of the manufacturing segment is expected to result in the growth of job availability, governments across the world are providing the companies various aids to start operations. The exploration of oil and gas mostly takes place in remote areas, which increases the demand for gas engines in the global market. The mining industry primarily operates in remote locations that have no access to grid electricity. Hence, the mine operators install gas engines for powering various equipment at the site.
Market Research Analysis
In terms of region, the global gas engines market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe dominates the global gas engines market. The growing demand for uninterrupted power supply, increasing focus on reduction in carbon emission, and the development of gas-fired power plants are expected to drive the gas engines market in Europe.
The most significant area for investment in the country’s construction sector is infrastructure, which covers railway projects, airport renewals & expansions, freeway projects, and energy-related projects. For instance, as per the data published by APROPLAN, in 2017, 189 strategic infrastructure projects were ongoing in Germany with a total investment value of USD 129.6 billion, including the largest airport project in the Berlin Brandenburg Airport expansion, which is valued at USD 7 billion. This shows the growing demand for uninterrupted power supply in construction in Germany, which results in the demand for gas engines in the domestic construction industry. Such factors are expected to drive the growth of the gas engines market in Germany during the forecast period.
Scope of the Report
This study provides an overview of the global gas engines market, tracking five market segments across five regions. The report studies key players, providing a four-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global gas engines market by fuel type, power output, horsepower, application, end use, and region.
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