Data Bridge Market Research analyses that the natural gas engine market which was USD 5.04 billion in 2022, would rocket up to USD 7.51 billion by 2030, and is expected to undergo a CAGR of 5.10% during the forecast period of 2023 to 2030. Over the last few years, there have been various technological advancements to produce the better versions of gas engines, which has massively benefitted the gas engines market. In addition, the market is also witnessing huge demand for clean and efficient power generation technology, which further increases the overall growth of the market. Consequently, these factors will help the market to gain traction during the forecasted period.
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Market Analysis and Insights
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Natural Gas Engine Market Scope
The natural gas engine market is segmented on the basis of engine family, power output, horsepower, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Engine Family
• Spark Ignited Engines
• Dual Fuel Type Engine
• High Pressure Direct Injection
Power Output
• 500 KW – 800 KW
• 1000 KW – 2000 KW
• 3000 KW – 4500 KW
Horsepower
• Up to 1000 HP
• 1000 HP
• 2000 HP
• Above 2000 HP
Application
• Natural Gas Gensets
• Natural Gas Automotive
• Decentralized Energy Generation
End-Use
• Utilities
• Marine
• Oil and Gas
• Manufacturing
• Commercial Complexes
• Wastewater Treatment Plants
• Hospitals
• Greenhouse Operators
Competitive Landscape and Natural Gas Engine Market Share Analysis
The natural gas engine market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the natural gas engine market.
Some of the major players operating in the natural gas engine market are:
• Caterpillar (U.S.)
• Wärtsilä (Finland)
• Rolls-Royce plc (U.K.)
• Volkswagen (Germany)
• Siemens (Germany)
• INNIO (Austria)
• Cummins Inc., (U.S.)
• Mitsubishi Heavy Industries, Ltd. (Japan)
• Kawasaki Heavy Industries, Ltd. (Japan)
• Ningbo C.S.I Power & Machinery Group Co., Ltd. (China)
• IHI Power Systems Co.,Ltd. (Japan)
• JFE Engineering Corporation (Japan)
• Liebherr (Germany)
• Hyundai Heavy Industries Co., Ltd. (South Korea)
• ENF Ltd., (China)
• R Schmitt Enertec GMBH (Germany)
• China National Petroleum Corporation (China)
• Fairbanks Morse Defense (U.S.)
• Baudouin (France)
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