To define, describe, and forecast the global gas engine market by power output, application, fuel type, end-user, and region. To provide detailed information regarding the major factors influencing the growth of the gas engine market (drivers, restraints, opportunities, and industry-specific challenges)
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“The gas engine market is projected to grow at a CAGR of 6.12% from 2017 to 2022.”
The gas engine market is projected to reach USD 4.76 billion by 2022, growing at a CAGR of 6.12%, from 2017 to 2022.
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Gas engines are mainly used for power generation application and CHP applications. The growth of the gas engine market can be attributed to increased investments in ongoing gas-fired power plants in developing countries and maintenance of aging power plant in developed countries to curb the increased pollution from coal-based power plants.
Inadequate supply of natural gas act as a restraint for the gas engine market along with a global natural gas price fluctuations.
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“The co-generation applications segment is expected to grow at the highest CAGR from 2017 to 2022.”
The co-generation (combined heat and power) generation segment is estimated to be the fastest growing segment of the gas engine market, by application, from 2017 to 2022. Europe is the key end-user of gas engines for co-generation applications.
In the co-generation application, the gas engine produces power along with useful heat for the space heating and water heating. The co-generation applications majorly include steel mills, chemical, and food processing plants, paper & pulp mills, and district heating plants.
The end-users are mainly focusing on improving the overall efficiency of power plants and which is driving the co-generation segment market.
Access Gas Engine Market 2017-2022 spreads across 184 pages profiling 14 companies and supported with 68 tables and 48 figures available at www.rnrmarketresearch.com/contacts…unt?rname=686597
*Top 14 Companies Analysed for This Study are - The key players in the gas engine market include General Electric Company (U.S.), Caterpillar Inc. (U.S.), Wärtsilä Corporation (Finland), Rolls-Royce Holdings plc (U.K.), and Cummins Inc.
The report’s target audience includes:
- Gas engine manufacturing companies
- Raw material suppliers
- Institutional investors
- Government and research organizations
- National and local government organizations
Key point from table of content
6 Gas Engines Market, By Fuel Type
6.2 Natural Gas
6.3 Special Gas
7 Gas Engines Market, By Application
7.2 Power Generation
8 Gas Engines Market, By End-User
8.4 Oil & Gas
Browse Here for full Report with TOC: www.rnrmarketresearch.com/gas-engi…rket-report.html
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