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A gas engine is fundamentally an internal combustion engine which runs on gas fuel such as biogas, coal gas, landfill gas (or natural gas), and producer gas. It creates motive power. Usually, gas engines are heavy-duty industrial engines capable of running continuously at full load. A gas engine generator with a simple mechanism consists of an engine, a generator, and a heat exchanger. Gas engines primarily run on natural gas. Natural gas is one of the most important sources of energy. Natural gas is abundantly available. Also, it offers several environmental benefits. Natural gas is primarily composed of methane. On combustion, methane releases carbon dioxide and water vapor. Coal and oil have a high carbon ratio and high sulfur and nitrogen content. Hence, on combustion, they release higher levels of carbon, nitrogen oxide, and sulfur dioxide as well as ash particles. Gas engines are being increasingly used for power generation across the globe. Gas engines generate low emissions, minor vibrations, and create less noise. Their maintenance costs less expensive. Gas engines are efficient and economical for heavy-duty operations.

The rising demand for electricity with decline in natural gas prices is expected to drive the gas engines market during the forecast period. With rising urbanization and globalization, the work culture and lifestyle have changed, which has eventually increased the usage of electricity. Households, production & manufacturing companies, and electric vehicles are large consumers of electricity. Since electricity generation is one of the major uses of gas engines, the increasing consumption of electricity is likely to drive the gas engines market in the next few years. Additionally, increasing concerns about the environment are augmenting the gas engines market. Furthermore, several countries across the world have taken initiatives to reduce greenhouse gas (GHG) emissions, which has resulted in diminishing the usage of coal for energy generation. This also is expected to boost the demand for natural gas engines in the near future. However, exploration and supply of most of the world’s natural gas is concentrated in a few countries, which has resulted in price inequality for distributors. This factor is estimated to restrain the gas engines market during the forecast period. Additionally, factors such as concerns related to constant supply of natural gas and large difference between prices of natural gas and alternative fuels are likely to hinder the gas engines market from 2018 to 2026.

The gas engines market has been segmented based on power, fuel type, end-user, application, and region. In terms of power, the market has been classified into 0.5 MW–1.0 MW, 1.0 MW–2.0 MW, 2.0 MW–5.0 MW, 5.0 MW–10.0 MW, and 10.0 MW–20.0 MW. In terms of fuel type, the gas engines market has been segmented into natural gas, special gas, and others. In terms of end-user, the gas engines market has been categorized into utilities, manufacturing, oil & gas, and others. Based on application, the gas engines market has been segregated into co-generation, power generation, and others. Based on region, the gas engines market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is projected to dominate the global market throughout the forecast period, followed by Asia Pacific.

Some of the key players operating in the global gas engines market are Cummins Inc., Siemens Ltd., General Electric Company, Kawasaki Heavy Industries, Ltd., Caterpillar Inc., Wärtsilä, Rolls-Royce Holdings plc, Man SE, Mitsubishi Heavy Industries, Ltd., Deutz AG, Yanmar Co., Ltd., and Doosan Infracore. Key market players are focused on the development and introduction of innovative gas engines. Intelligent integration of components is also a recent trend in the gas engines market.

A gas engine is fundamentally an internal combustion engine which runs on gas fuel such as biogas, coal gas, landfill gas (or natural gas), and producer gas. It creates motive power. Usually, gas engines are heavy-duty industrial engines capable of running continuously at full load. A gas engine generator with a simple mechanism consists of an engine, a generator, and a heat exchanger. Gas engines primarily run on natural gas. Natural gas is one of the most important sources of energy. Natural gas is abundantly available. Also, it offers several environmental benefits. Natural gas is primarily composed of methane. On combustion, methane releases carbon dioxide and water vapor. Coal and oil have a high carbon ratio and high sulfur and nitrogen content. Hence, on combustion, they release higher levels of carbon, nitrogen oxide, and sulfur dioxide as well as ash particles. Gas engines are being increasingly used for power generation across the globe. Gas engines generate low emissions, minor vibrations, and create less noise. Their maintenance costs less expensive. Gas engines are efficient and economical for heavy-duty operations.

The rising demand for electricity with decline in natural gas prices is expected to drive the gas engines market during the forecast period. With rising urbanization and globalization, the work culture and lifestyle have changed, which has eventually increased the usage of electricity. Households, production & manufacturing companies, and electric vehicles are large consumers of electricity. Since electricity generation is one of the major uses of gas engines, the increasing consumption of electricity is likely to drive the gas engines market in the next few years. Additionally, increasing concerns about the environment are augmenting the gas engines market. Furthermore, several countries across the world have taken initiatives to reduce greenhouse gas (GHG) emissions, which has resulted in diminishing the usage of coal for energy generation. This also is expected to boost the demand for natural gas engines in the near future. However, exploration and supply of most of the world’s natural gas is concentrated in a few countries, which has resulted in price inequality for distributors. This factor is estimated to restrain the gas engines market during the forecast period. Additionally, factors such as concerns related to constant supply of natural gas and large difference between prices of natural gas and alternative fuels are likely to hinder the gas engines market from 2018 to 2026.

The gas engines market has been segmented based on power, fuel type, end-user, application, and region. In terms of power, the market has been classified into 0.5 MW–1.0 MW, 1.0 MW–2.0 MW, 2.0 MW–5.0 MW, 5.0 MW–10.0 MW, and 10.0 MW–20.0 MW. In terms of fuel type, the gas engines market has been segmented into natural gas, special gas, and others. In terms of end-user, the gas engines market has been categorized into utilities, manufacturing, oil & gas, and others. Based on application, the gas engines market has been segregated into co-generation, power generation, and others. Based on region, the gas engines market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is projected to dominate the global market throughout the forecast period, followed by Asia Pacific.

Some of the key players operating in the global gas engines market are Cummins Inc., Siemens Ltd., General Electric Company, Kawasaki Heavy Industries, Ltd., Caterpillar Inc., Wärtsilä, Rolls-Royce Holdings plc, Man SE, Mitsubishi Heavy Industries, Ltd., Deutz AG, Yanmar Co., Ltd., and Doosan Infracore. Key market players are focused on the development and introduction of innovative gas engines. Intelligent integration of components is also a recent trend in the gas engines market.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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