The natural gas engines generate the power from natural gases. The natural gases are extracted from the earth and widely used across the world for multiple purposes. The benefits of the natural gas are low emission, clean burning, and lower cost than fossil fuels. It is a clean and efficient technology suitable for wide range applications such as power generation, combined heat and power, and others. The increasing concern for engine emission from diesel and petrol is augmenting the market growth. The absence of particulates and clean properties of the natural gas are reducing the engine's tear and wear. The compressed natural gas (CNG) and liquefied natural gas (LNG) are most common types of natural gases used in industrial applications.
MARKET DYNAMICS
Fossil fuel combustion is the largest contributor to the global air pollution, which is creating negative effects on the natural environment. To reduce consumption of fossil fuels and pollution, strong research and development activities are being carried out, owing to which the importance of natural gases has increased. Natural gases are emerging as a promising solution to reduce diesel and petrol consumption. Stringent emissions standards, global warming, and increasing CO2 legislation are prominent factors creating surge for natural gas engines. . The rich mixture of hydrocarbons in natural gases and easy availability in almost every nation due to strong penetration is augmenting the market growth.
MARKET SCOPE
The "Global Natural Gas Engine Market Analysis to 2028" is a specialized and in-depth study of the Natural gas engine market with a special focus on the global market trend analysis. The report aims to provide an overview of Natural gas engine market with detailed market segmentation by power output and end-user. The global Natural gas engine market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Natural gas engine market player and offers key trends and opportunities in the Natural gas engine market. Rising living standards and inclination towards leisure and sports activities are accelerating the market growth in developed and developing nations.
MARKET SEGMENTATION
The global natural gas engine market is segmented on the basis of power output, end-user, and geography. On the basis of power output, market is segmented as 100 - 300 kW, 300-500kW, 0.5- 1 MW, 1-2 MW, 2-5 MW, 5-10 MW, and 10-20 MW. On the basis of end-user, market is segmented as remote, mid-stream oil and gas, heavy industries, light manufacturing, utilities, biogas, datacenters, mush, and commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Natural gas engine market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Natural gas engine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Natural gas engine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Natural gas engine market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Natural gas engine market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Natural gas engine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Natural gas engine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Natural gas engine market in these regions.
MARKET PLAYERS
The reports cover key developments in the Natural gas engine market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Natural gas engine market are anticipated to lucrative growth opportunities in the future with the rising demand for Natural gas engine market. Below mentioned is the list of few companies engaged in the Natural gas engine market.
The report also includes the profiles of key Natural gas engine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Caterpillar
- Cummins Inc.
- Doosan Corporation
- INNIO
- Kawasaki Heavy Industries Ltd.
- MAN SE
- Rolls Royce plc
- Siemens AG
- Wartsila
- Yanmar Co. Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Natural Gas Engine Market - By Power Output
1.3.2 Natural Gas Engine Market - By End-User
1.3.3 Natural Gas Engine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NATURAL GAS ENGINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. NATURAL GAS ENGINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NATURAL GAS ENGINE MARKET - GLOBAL MARKET ANALYSIS
6.1. NATURAL GAS ENGINE - GLOBAL MARKET OVERVIEW
6.2. NATURAL GAS ENGINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NATURAL GAS ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - POWER OUTPUT
7.1. OVERVIEW
7.2. POWER OUTPUT MARKET FORECASTS AND ANALYSIS
7.3. 100 - 300 KW
7.3.1. Overview
7.3.2. 100 - 300 kW Market Forecast and Analysis
7.4. 300-500KW
7.4.1. Overview
7.4.2. 300-500kW Market Forecast and Analysis
7.5. 0.5- 1 MW
7.5.1. Overview
7.5.2. 0.5- 1 MW Market Forecast and Analysis
7.6. 1-2 MW
7.6.1. Overview
7.6.2. 1-2 MW Market Forecast and Analysis
7.7. 2-5 MW
7.7.1. Overview
7.7.2. 2-5 MW Market Forecast and Analysis
7.8. 5-10 MW
7.8.1. Overview
7.8.2. 5-10 MW Market Forecast and Analysis
7.9. 10-20 MW
7.9.1. Overview
7.9.2. 10-20 MW Market Forecast and Analysis
8. NATURAL GAS ENGINE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. REMOTE
8.3.1. Overview
8.3.2. Remote Market Forecast and Analysis
8.4. MID-STREAM OIL AND GAS
8.4.1. Overview
8.4.2. Mid-Stream Oil and Gas Market Forecast and Analysis
8.5. HEAVY INDUSTRIES
8.5.1. Overview
8.5.2. Heavy Industries Market Forecast and Analysis
8.6. LIGHT MANUFACTURING
8.6.1. Overview
8.6.2. Light Manufacturing Market Forecast and Analysis
8.7. UTILITIES
8.7.1. Overview
8.7.2. Utilities Market Forecast and Analysis
8.8. BIOGAS
8.8.1. Overview
8.8.2. Biogas Market Forecast and Analysis
8.9. DATACENTERS
8.9.1. Overview
8.9.2. Datacenters Market Forecast and Analysis
8.10. MUSH
8.10.1. Overview
8.10.2. Mush Market Forecast and Analysis
8.11. COMMERCIAL
8.11.1. Overview
8.11.2. Commercial Market Forecast and Analysis
9. NATURAL GAS ENGINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Natural Gas Engine Market Overview
9.1.2 North America Natural Gas Engine Market Forecasts and Analysis
9.1.3 North America Natural Gas Engine Market Forecasts and Analysis - By Power Output
9.1.4 North America Natural Gas Engine Market Forecasts and Analysis - By End-User
9.1.5 North America Natural Gas Engine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Natural Gas Engine Market
9.1.5.1.1 United States Natural Gas Engine Market by Power Output
9.1.5.1.2 United States Natural Gas Engine Market by End-User
9.1.5.2 Canada Natural Gas Engine Market
9.1.5.2.1 Canada Natural Gas Engine Market by Power Output
9.1.5.2.2 Canada Natural Gas Engine Market by End-User
9.1.5.3 Mexico Natural Gas Engine Market
9.1.5.3.1 Mexico Natural Gas Engine Market by Power Output
9.1.5.3.2 Mexico Natural Gas Engine Market by End-User
9.2. EUROPE
9.2.1 Europe Natural Gas Engine Market Overview
9.2.2 Europe Natural Gas Engine Market Forecasts and Analysis
9.2.3 Europe Natural Gas Engine Market Forecasts and Analysis - By Power Output
9.2.4 Europe Natural Gas Engine Market Forecasts and Analysis - By End-User
9.2.5 Europe Natural Gas Engine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Natural Gas Engine Market
9.2.5.1.1 Germany Natural Gas Engine Market by Power Output
9.2.5.1.2 Germany Natural Gas Engine Market by End-User
9.2.5.2 France Natural Gas Engine Market
9.2.5.2.1 France Natural Gas Engine Market by Power Output
9.2.5.2.2 France Natural Gas Engine Market by End-User
9.2.5.3 Italy Natural Gas Engine Market
9.2.5.3.1 Italy Natural Gas Engine Market by Power Output
9.2.5.3.2 Italy Natural Gas Engine Market by End-User
9.2.5.4 United Kingdom Natural Gas Engine Market
9.2.5.4.1 United Kingdom Natural Gas Engine Market by Power Output
9.2.5.4.2 United Kingdom Natural Gas Engine Market by End-User
9.2.5.5 Russia Natural Gas Engine Market
9.2.5.5.1 Russia Natural Gas Engine Market by Power Output
9.2.5.5.2 Russia Natural Gas Engine Market by End-User
9.2.5.6 Rest of Europe Natural Gas Engine Market
9.2.5.6.1 Rest of Europe Natural Gas Engine Market by Power Output
9.2.5.6.2 Rest of Europe Natural Gas Engine Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Natural Gas Engine Market Overview
9.3.2 Asia-Pacific Natural Gas Engine Market Forecasts and Analysis
9.3.3 Asia-Pacific Natural Gas Engine Market Forecasts and Analysis - By Power Output
9.3.4 Asia-Pacific Natural Gas Engine Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Natural Gas Engine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Natural Gas Engine Market
9.3.5.1.1 Australia Natural Gas Engine Market by Power Output
9.3.5.1.2 Australia Natural Gas Engine Market by End-User
9.3.5.2 China Natural Gas Engine Market
9.3.5.2.1 China Natural Gas Engine Market by Power Output
9.3.5.2.2 China Natural Gas Engine Market by End-User
9.3.5.3 India Natural Gas Engine Market
9.3.5.3.1 India Natural Gas Engine Market by Power Output
9.3.5.3.2 India Natural Gas Engine Market by End-User
9.3.5.4 Japan Natural Gas Engine Market
9.3.5.4.1 Japan Natural Gas Engine Market by Power Output
9.3.5.4.2 Japan Natural Gas Engine Market by End-User
9.3.5.5 South Korea Natural Gas Engine Market
9.3.5.5.1 South Korea Natural Gas Engine Market by Power Output
9.3.5.5.2 South Korea Natural Gas Engine Market by End-User
9.3.5.6 Rest of Asia-Pacific Natural Gas Engine Market
9.3.5.6.1 Rest of Asia-Pacific Natural Gas Engine Market by Power Output
9.3.5.6.2 Rest of Asia-Pacific Natural Gas Engine Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Natural Gas Engine Market Overview
9.4.2 Middle East and Africa Natural Gas Engine Market Forecasts and Analysis
9.4.3 Middle East and Africa Natural Gas Engine Market Forecasts and Analysis - By Power Output
9.4.4 Middle East and Africa Natural Gas Engine Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Natural Gas Engine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Natural Gas Engine Market
9.4.5.1.1 South Africa Natural Gas Engine Market by Power Output
9.4.5.1.2 South Africa Natural Gas Engine Market by End-User
9.4.5.2 Saudi Arabia Natural Gas Engine Market
9.4.5.2.1 Saudi Arabia Natural Gas Engine Market by Power Output
9.4.5.2.2 Saudi Arabia Natural Gas Engine Market by End-User
9.4.5.3 U.A.E Natural Gas Engine Market
9.4.5.3.1 U.A.E Natural Gas Engine Market by Power Output
9.4.5.3.2 U.A.E Natural Gas Engine Market by End-User
9.4.5.4 Rest of Middle East and Africa Natural Gas Engine Market
9.4.5.4.1 Rest of Middle East and Africa Natural Gas Engine Market by Power Output
9.4.5.4.2 Rest of Middle East and Africa Natural Gas Engine Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Natural Gas Engine Market Overview
9.5.2 South and Central America Natural Gas Engine Market Forecasts and Analysis
9.5.3 South and Central America Natural Gas Engine Market Forecasts and Analysis - By Power Output
9.5.4 South and Central America Natural Gas Engine Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Natural Gas Engine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Natural Gas Engine Market
9.5.5.1.1 Brazil Natural Gas Engine Market by Power Output
9.5.5.1.2 Brazil Natural Gas Engine Market by End-User
9.5.5.2 Argentina Natural Gas Engine Market
9.5.5.2.1 Argentina Natural Gas Engine Market by Power Output
9.5.5.2.2 Argentina Natural Gas Engine Market by End-User
9.5.5.3 Rest of South and Central America Natural Gas Engine Market
9.5.5.3.1 Rest of South and Central America Natural Gas Engine Market by Power Output
9.5.5.3.2 Rest of South and Central America Natural Gas Engine Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. NATURAL GAS ENGINE MARKET, KEY COMPANY PROFILES
11.1. CATERPILLAR
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CUMMINS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DOOSAN CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INNIO
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KAWASAKI HEAVY INDUSTRIES LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MAN SE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ROLLS ROYCE PLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIEMENS AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WARTSILA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YANMAR CO. LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Caterpillar
2. Cummins Inc.
3. Doosan Corporation
4. INNIO
5. Kawasaki Heavy Industries Ltd.
6. MAN SE
7. Rolls Royce plc
8. Siemens AG
9. Wartsila
10. Yanmar Co. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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