Gas Engines Market Trends Segment Analysis and Future Scope

1. Gas Engines Market Will Reach Touch USD 6,334.7 Million By 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The global gas engines market will touch USD 6,334.7 million, propelling at a 4.0% compound annual growth rate, by 2030. A gas engine is an inner combustion engine that propels gaseous fuels, like methane, natural gas, and propane. On the basis of effectiveness and releases, such engines characteristically perform well than diesel and gasoline engines. They are extensively utilized in pumps, generators, and a lot of other pieces of on-road and off-road machinery. Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/gas- engines-market/report-sample On the basis of fuel, the industry is divided into different gases, including special, natural, and others (coal, producer, and propane). Between these, the natural gas category is projected to grasp the largest market share during the forecast period. Power plants utilizing natural gas can be custom- made quickly, which is why they are perfect for tackling grid demand variations and restricted renewable power production. As financial prudence shifts toward renewable power and other conservative yet clean power solutions, natural gas is being extensively utilized as a provisional fuel, to fulfill power demands. Power plants propelled by natural gas are reasonable and easy to construct. In comparison to oil- and coal- fired plants, they release small quantities of nitrogen oxides, carbon monoxide, sulfur dioxide, and carbon dioxide. Hence, when natural gas is utilized in place of coal, the quality of the air inclines to advance. Moreover, such amenities have higher thermodynamic efficacies. On the basis of power output, the above 15 MW category is projected to advance at the highest gas engines market growth rate, of approximately 5%, over the forecast period. The marine and Utilities sectors utilize above-15-MW engines. By offering a reliable and comparatively cleaner substitute to engines driven by diesel and coal, those that use natural gas play an important role in supporting key worldwide economies in emerging a power system that is more eco-friendly. Browse full report at: https://www.psmarketresearch.com/market-analysis/gas-engines- market The adaptation of coal-based plants to gas-based ones, as part of the steps taken for the replacement of the old power production infrastructure, and the increasing requirement for clean and effective fuels are boosting the development of the APAC industry. More than 4 billion individuals live in above 60 nations in the Asia-Pacific region. Moreover, the region generates over half the world's release of GHG. Risky weather (reflected in the increasing temps) and water shortage are just some of the sentimental change's impacts on Central Asia. Therefore, carbon- intensive power systems should be phased out of the region's power sector, which is a main generator of GHG. Hence, the industry for gas engines is driven by the shift to energy plants and ships using natural gas. The research offers market size of the gas engines market for the period 2017–2030. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. Market Segmentation by Product Natural Gas Special Gas Others Market Segmentation by Power Output 1–2 MW 3–5 MW 6–15 MW Above 15 MW Market Segmentation by Application Power Generation Mechanical Drives Cogeneration Others Market Segmentation by End User Utilities Oil and Gas Manufacturing Marine Others Market Segmentation by Region North America Gas Engines Market • • • • • • • • • • • • • • • • • oBy product oBy power output oBy application oBy end user oBy country – U.S. and Canada Europe Gas Engines Market • oBy product oBy power output oBy application oBy end user oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Gas Engines Market • oBy product oBy power output 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. oBy application oBy end user oBy country – Japan, China, India, South Korea, Australia, and Rest of APAC Latin America (LATAM) Gas Engines Market • oBy product oBy power output oBy application oBy end user oBy country – Brazil, Mexico, and Rest of LATAM Middle East and Africa (MEA) Gas Engines Market • oBy product oBy power output oBy application oBy end user oBy country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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