Table of Content

"1    INTRODUCTION    22
1.1    OBJECTIVES OF THE STUDY    22
1.2    DEFINITION    22
1.3    INCLUSIONS AND EXCLUSIONS    23
1.3.1    GAS ENGINES MARKET, BY FUEL TYPE    23
1.3.2    GAS ENGINES MARKET, BY POWER OUTPUT    23
1.3.3    GAS ENGINES MARKET, BY APPLICATION    23
1.3.4    GAS ENGINES MARKET, BY END-USER INDUSTRY    23
1.3.5    GAS ENGINES MARKET, BY REGION    23
1.4    MARKET SCOPE    24
1.4.1    GAS ENGINES MARKET SEGMENTATION    24
1.4.2    REGIONAL SCOPE    24
1.5    YEARS CONSIDERED FOR THE STUDY    25
1.6    CURRENCY    25
1.7    LIMITATIONS    25
1.8    STAKEHOLDERS    26
1.9    SUMMARY OF CHANGES    26
2    RESEARCH METHODOLOGY    28
2.1    RESEARCH DATA    28
FIGURE 1    GAS ENGINES MARKET: RESEARCH DESIGN    28
2.1.1    SECONDARY DATA    29
2.1.1.1    Key data from secondary sources    29
2.1.2    PRIMARY DATA    30
2.1.2.1    Key data from primary sources    30
2.1.2.2    Breakdown of primaries    31
FIGURE 2    BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION    31
FIGURE 3    MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR GAS ENGINES    32
2.2    MARKET SIZE ESTIMATION    32
2.2.1    BOTTOM-UP APPROACH    32
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    32
2.2.2    TOP-DOWN APPROACH    33
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    33
2.2.3    DEMAND-SIDE ANALYSIS    34
2.2.3.1    Regional analysis    34
2.2.3.2    Country analysis    35
2.2.3.3    Demand-side assumptions    35
2.2.3.4    Demand-side calculations    35
2.2.4    SUPPLY-SIDE ANALYSIS    36
FIGURE 6    KEY STEPS CONSIDERED FOR ASSESSING THE SUPPLY OF GAS ENGINES    36
FIGURE 7    GAS ENGINES MARKET: SUPPLY-SIDE ANALYSIS    36
2.2.4.1    Supply-side calculations    37
2.2.4.2    Supply-side assumptions    37
2.2.5    FORECAST    37
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    38
FIGURE 8    DATA TRIANGULATION METHODOLOGY    38
3    EXECUTIVE SUMMARY    39
TABLE 1    GAS ENGINES MARKET SNAPSHOT    40
FIGURE 9    NATURAL GAS SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF THE GAS ENGINES MARKET, BY FUEL TYPE, FROM 2022 TO 2027    41
FIGURE 10    ABOVE 15 MW SEGMENT TO LEAD THE GAS ENGINES MARKET, BY POWER OUTPUT, FROM 2022 TO 2027    41
FIGURE 11    MECHANICAL DRIVE TO LEAD THE GAS ENGINES MARKET, BY APPLICATION, FROM 2022 TO 2027    42
FIGURE 12    UTILITIES SEGMENT TO HOLD LARGER SHARE OF GAS ENGINES MARKET,
BY END-USER INDUSTRY, FROM 2022 TO 2027    42
FIGURE 13    ASIA PACIFIC DOMINATED THE GAS ENGINES MARKET IN 2021    43
4    PREMIUM INSIGHTS    44
4.1    ATTRACTIVE OPPORTUNITIES IN THE GAS ENGINES MARKET    44
FIGURE 14    NEED TO COMPLY WITH EMISSION REGULATIONS AND ENVIRONMENTAL CONCERNS OF CONVENTIONAL POWER GENERATION ARE EXPECTED TO DRIVE THE GAS ENGINES MARKET BETWEEN 2022 AND 2027    44
4.2    ASIA PACIFIC: GAS ENGINES MARKET, BY END-USER INDUSTRY AND COUNTRY    45
FIGURE 15    MARINE END-USER INDUSTRY AND CHINA HELD THE LARGEST SHARES OF THE GAS ENGINES MARKET IN ASIA PACIFIC IN 2021    45
4.3    GAS ENGINES MARKET, BY FUEL TYPE    45
FIGURE 16    NATURAL GAS TO ACCOUNT FOR LARGEST SHARE, BY FUEL TYPE, IN 2027    45
4.4    GAS ENGINES MARKET, BY POWER OUTPUT    46
FIGURE 17    ABOVE 15 MW SEGMENT TO DOMINATE THE GAS ENGINES MARKET,
BY POWER OUTPUT, IN 2027    46
4.5    GAS ENGINES MARKET, BY APPLICATION    46
FIGURE 18    MECHANICAL DRIVE SEGMENT TO HOLD LARGEST SHARE OF THE GAS ENGINES MARKET, BY APPLICATION, IN 2027    46
4.6    GAS ENGINES MARKET, BY END-USER INDUSTRY    47
FIGURE 19    UTILITIES SEGMENT TO DOMINATE THE GAS ENGINES MARKET,
BY END-USER INDUSTRY, IN 2027    47
4.7    GAS ENGINES MARKET, BY REGION    47
FIGURE 20    EUROPEAN MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD    47
5    MARKET OVERVIEW    48
5.1    INTRODUCTION    48
5.2    COVID-19 HEALTH ASSESSMENT    48
FIGURE 21    GLOBAL PROPAGATION OF COVID-19    49
FIGURE 22    PROPAGATION OF COVID-19 CASES IN SELECTED COUNTRIES    49
5.3    COVID-19 ECONOMIC ASSESSMENT    50
FIGURE 23    REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020    50
5.4    MARKET DYNAMICS    51
FIGURE 24    GAS ENGINES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES    51
5.4.1    DRIVERS    51
5.4.1.1    Rising demand for clean and efficient power generation technology    51
FIGURE 25    NATURAL GAS CONSUMPTION, 2010–2020    52
TABLE 2    CO2 EMISSION LEVELS (PER MILLION BTU OF ENERGY)    52
5.4.1.2    Increase in the use of distributed power generation systems    53
FIGURE 26    MINIMUM AVERAGE EFFICIENCY OF CHP SYSTEMS, BY POWER SOURCE    53
5.4.1.3    Stricter emission regulations    53
FIGURE 27    GLOBAL CARBON DIOXIDE EMISSIONS, 2015–2020    54
5.4.2    RESTRAINTS    54
5.4.2.1    Geopolitical instability affecting the supply and pricing of natural gas    54
5.4.2.2    Price variations across regional markets    55
FIGURE 28    GAS PRODUCTION VS. CONSUMPTION, 2020    55
5.4.3    OPPORTUNITIES    55
5.4.3.1    Inclination towards gas-fired power plants    55
5.4.3.2    Adoption of natural gas as a transition fuel    56
5.4.4    CHALLENGES    56
5.4.4.1    Infrastructural shortcomings    56
5.4.4.2    Limited natural gas reserves    56
5.5    COVID-19 IMPACT    57
5.6    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS    57
5.6.1    REVENUE SHIFT AND NEW REVENUE POCKETS FOR GAS ENGINE PROVIDERS    57
FIGURE 29    REVENUE SHIFT FOR GAS ENGINE PROVIDERS    58
5.7    MARKET MAP    58
FIGURE 30    MARKET MAP: GAS ENGINES MARKET    58
TABLE 3    GAS ENGINES MARKET: ROLE IN ECOSYSTEM    59
5.8    VALUE CHAIN ANALYSIS    61
FIGURE 31    VALUE CHAIN ANALYSIS: GAS ENGINES MARKET    61
5.8.1    RAW MATERIAL PROVIDERS/SUPPLIERS    62
5.8.2    COMPONENT MANUFACTURERS    62
5.8.3    GAS ENGINE MANUFACTURERS/ASSEMBLERS    62
5.8.4    DISTRIBUTORS (BUYERS)/END USERS    62
5.8.5    POST-SALES SERVICES    62
5.9    TECHNOLOGY ANALYSIS    63
5.9.1    IOT-CONNECTED GAS ENGINES    63
5.10    AVERAGE SELLING PRICES    63
TABLE 4    AVERAGE SELLING PRICES OF GAS ENGINES, 2021    63
5.11    TARIFFS, CODES, AND REGULATIONS    64
5.11.1    TARIFFS RELATED TO GAS ENGINES    64
TABLE 5    IMPORT TARIFFS FOR HS 841280 ENGINES AND MOTORS NES IN 2019    64
5.11.2    CODES AND REGULATIONS RELATED TO GAS ENGINES    65
TABLE 6    GAS ENGINES: CODES AND REGULATIONS    65
5.12    INNOVATIONS AND PATENT REGISTRATIONS    66
TABLE 7    GAS ENGINES: INNOVATIONS AND PATENT REGISTRATIONS, MARCH 2018–JANUARY 2022    66
5.13    PORTER’S FIVE FORCES ANALYSIS    78
FIGURE 32    PORTER’S FIVE FORCES ANALYSIS FOR GAS ENGINES MARKET    78
TABLE 8    GAS ENGINES MARKET: PORTER’S FIVE FORCES ANALYSIS    78
5.13.1    THREAT FROM SUBSTITUTES    79
5.13.2    BARGAINING POWER OF SUPPLIERS    79
5.13.3    BARGAINING POWER OF BUYERS    79
5.13.4    THREAT FROM NEW ENTRANTS    79
5.13.5    INTENSITY OF COMPETITIVE RIVALRY    80
5.14    CASE STUDY ANALYSIS    80
5.14.1    WÄRTSILÄ’S STATE-OF-THE-ART SMART POWER GENERATION PLANT IN GERMANY BALANCES THE INTERMITTENCY OF RENEWABLE POWER    80
5.14.1.1    Problem statement    80
5.14.1.2    Solution    80
5.14.2    WÄRTSILÄ PROVIDES GAS ENGINES FOR A RESERVE CAPACITY POWER PLANT IN KIISA, ESTONIA    80
5.14.2.1    Problem statement    80
5.14.2.2    Solution    80
5.14.3    VOLKSWAGEN (MAN ENERGY SOLUTIONS) RETROFITS VERY LARGE GAS CARRIERS (VLGC) WITH DUAL-FUEL PROPULSION ENGINES USING ITS LGIP TECHNOLOGY    81
5.14.3.1    Problem statement    81
5.14.3.2    Solution    81
5.14.4    INNIO JENBACHER PROVIDES GAS ENGINES TO CONVERT GREEN HYDROGEN MIX TO POWER IN ARGENTINA    81
5.14.4.1    Problem statement    81
5.14.4.2    Solution    81
6    GAS ENGINES MARKET, BY FUEL TYPE    82
6.1    INTRODUCTION    83
FIGURE 33    GAS ENGINES MARKET, BY FUEL TYPE, 2021    83
TABLE 9    GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    83

6.2    NATURAL GAS    83
6.2.1    GROWING NEED FOR CLEAN BURNING FUELS DRIVES THE GROWTH OF THE NATURAL GAS ENGINES MARKET    83
TABLE 10    NATURAL GAS: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION)    84
6.3    SPECIAL GAS    84
6.3.1    GOVERNMENT INITIATIVES AND SUBSIDIES ARE EXPECTED TO INCREASE THE DEMAND FOR SPECIAL GAS IN THE GAS ENGINES MARKET    84
TABLE 11    SPECIAL GAS: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION)    85
6.4    OTHERS    85
TABLE 12    OTHERS: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION)    85
7    GAS ENGINES MARKET, BY POWER OUTPUT    86
7.1    INTRODUCTION    87
FIGURE 34    GAS ENGINES MARKET, BY POWER OUTPUT, 2021    87
TABLE 13    GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    87
TABLE 14    GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)    88
7.2    0.5–1 MW    88
7.2.1    INCREASING NEED FOR STANDBY POWER AND DISTRIBUTED POWER GENERATION FROM SMALL-SCALE FACILITIES TO DRIVE GROWTH IN THE 0.5–1 MW SEGMENT    88
TABLE 15    0.5–1 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION)    89
TABLE 16    0.5–1 MW: GAS ENGINES MARKET VOLUME, BY REGION,
2020–2027 (UNITS)    89
7.3    1–2 MW    90
7.3.1    GROWTH IN DEMAND FOR CONTINUOUS POWER SUPPLY TO DRIVE THE
1–2 MW SEGMENT OF THE GAS ENGINES MARKET    90
TABLE 17    1–2 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION)    90
TABLE 18    1–2 MW: GAS ENGINES MARKET VOLUME, BY REGION, 2020–2027 (UNITS)    90
7.4    2–5 MW    91
7.4.1    LOW EMISSION LEVELS AND HIGH OPERATIONAL EFFICIENCY DRIVE THE DEMAND FOR THE 2–5 MW SEGMENT OF THE GAS ENGINES MARKET    91
TABLE 19    2–5 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION)    91
TABLE 20    2–5 MW: GAS ENGINES MARKET VOLUME, BY REGION, 2020–2027 (UNITS)    91
7.5    5–15 MW    92
7.5.1    GROWTH OF COGENERATION POWER PLANTS BOOSTS THE GROWTH OF THE 5–15 MW SEGMENT    92
TABLE 21    5–15 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION)    92
TABLE 22    5–15 MW: GAS ENGINES MARKET VOLUME, BY REGION, 2020–2027 (UNITS)    92

7.6    ABOVE 15 MW    93
7.6.1    GROWTH IN DEMAND FOR CLEAN AND ECONOMIC POWER SUPPLY DRIVES THE ABOVE 15 MW SEGMENT OF THE GAS ENGINES MARKET    93
TABLE 23    ABOVE 15 MW: GAS ENGINES MARKET VALUE, BY REGION,
2020–2027 (USD MILLION)    93
TABLE 24    ABOVE 15 MW: GAS ENGINES MARKET VOLUME, BY REGION,
2020–2027 (UNITS)    94
8    GAS ENGINES MARKET, BY APPLICATION    95
8.1    INTRODUCTION    96
FIGURE 35    GAS ENGINES MARKET, BY APPLICATION, 2021    96
TABLE 25    GAS ENGINES MARKET, BY APPLICATION, 2020–2027 (USD MILLION)    96
8.2    POWER GENERATION    97
8.2.1    INCREASING DEMAND FOR ELECTRICITY AND THE TREND OF DISTRIBUTED POWER GENERATION IN EUROPE TO FUEL GROWTH IN THE POWER GENERATION SEGMENT    97
TABLE 26    POWER GENERATION: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION)    97
8.3    COGENERATION    98
8.3.1    INCREASED EFFICIENCY OF POWER SYSTEMS BY COGENERATION IS DRIVING THE GROWTH OF THE COGENERATION SEGMENT    98
TABLE 27    COGENERATION: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION)    98
8.4    MECHANICAL DRIVE    99
8.4.1    MANUFACTURING AND OIL & GAS OPERATIONS TO PROPEL THE GROWTH OF THE MECHANICAL DRIVE SEGMENT    99
TABLE 28    MECHANICAL DRIVE: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION)    99
8.5    OTHERS    100
TABLE 29    OTHERS: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION)    100
9    GAS ENGINES MARKET, BY END-USER INDUSTRY    101
9.1    INTRODUCTION    102
FIGURE 36    GAS ENGINES MARKET, BY END-USER INDUSTRY, 2021    102
TABLE 30    GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION)    102
9.2    UTILITIES    103
9.2.1    NEED FOR CLEANER AND COST-EFFICIENT POWERING FUELS TO DRIVE THE DEMAND FOR GAS ENGINES IN POWER UTILITIES    103
TABLE 31    UTILITIES: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION)    103
9.3    MANUFACTURING    104
9.3.1    CONTINUOUS AND CLEANER POWER GENERATION REQUIREMENT TO DRIVE THE DEMAND FOR GAS ENGINES IN THE MANUFACTURING SEGMENT OF THE GAS ENGINES MARKET    104
TABLE 32    MANUFACTURING: GAS ENGINES MARKET, BY REGION,
2020–2027 (USD MILLION)    104

9.4    MARINE    105
9.4.1    DEMAND FOR CLEANER ENGINES FOR MARINE PROPULSION AND GENERATING SETS TO DRIVE THE DEMAND FOR GAS ENGINES IN THIS SEGMENT    105
TABLE 33    MARINE: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION)    105
9.5    OIL & GAS    106
9.5.1    AVAILABILITY OF FLARE GAS AND LNG TO DRIVE THE DEMAND FOR GAS ENGINES IN THE OIL & GAS SEGMENT    106
TABLE 34    OIL & GAS: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION)    106
9.6    OTHERS    107
TABLE 35    OTHERS: GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION)    107
10    GAS ENGINES MARKET, BY REGION    108
10.1    INTRODUCTION    109
FIGURE 37    GAS ENGINES MARKET SHARE, BY REGION, 2021 (%)    110
FIGURE 38    GAS ENGINES MARKET IN EUROPE TO RECORD HIGHEST CAGR DURING FORECAST PERIOD    110
TABLE 36    GAS ENGINES MARKET, BY REGION, 2020–2027 (USD MILLION)    111
10.2    ASIA PACIFIC    111
FIGURE 39    SNAPSHOT: ASIA PACIFIC GAS ENGINES MARKET    112
10.2.1    BY FUEL TYPE    113
TABLE 37    ASIA PACIFIC: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    113
10.2.2    BY POWER OUTPUT    113
TABLE 38    ASIA PACIFIC: GAS ENGINES MARKET SIZE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    113
TABLE 39    ASIA PACIFIC: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    113
10.2.3    BY APPLICATION    114
TABLE 40    ASIA PACIFIC: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION)    114
10.2.4    BY END-USER INDUSTRY    114
TABLE 41    ASIA PACIFIC: GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION)    114
10.2.5    BY COUNTRY    114
TABLE 42    ASIA PACIFIC: GAS ENGINES MARKET, BY COUNTRY,
2020–2027 (USD MILLION)    114
10.2.5.1    China    115
10.2.5.1.1    Increasing power demand and focus on becoming a low-carbon economy to drive the gas engines market in China    115
TABLE 43    CHINA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    115
TABLE 44    CHINA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    116
TABLE 45    CHINA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    116
10.2.5.2    India    116
10.2.5.2.1    Rising requirement for efficient power generation technologies to meet increasing demand is expected to drive the gas engines market in India    116
TABLE 46    INDIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    117
TABLE 47    INDIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    117
TABLE 48    INDIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    118
10.2.5.3    Japan    118
10.2.5.3.1    Aging power generation infrastructure and its replacement to achieve higher efficiency and reduced emissions are likely to drive the gas engines market in Japan    118
TABLE 49    JAPAN: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    119
TABLE 50    JAPAN: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    119
TABLE 51    JAPAN: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    119
10.2.5.4    Rest of Asia Pacific    120
TABLE 52    REST OF ASIA PACIFIC: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    120
TABLE 53    REST OF ASIA PACIFIC: GAS ENGINES MARKET VALUE, BY POWER OUTPUT, 2020–2027 (USD MILLION)    121
TABLE 54    REST OF ASIA PACIFIC: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (USD MILLION)    121
10.3    EUROPE    122
FIGURE 40    SNAPSHOT: EUROPEAN GAS ENGINES MARKET    122
10.3.1    BY FUEL TYPE    123
TABLE 55    EUROPE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    123
10.3.2    BY POWER OUTPUT    123
TABLE 56    EUROPE: GAS ENGINES MARKET SIZE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    123
TABLE 57    EUROPE: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    123
10.3.3    BY APPLICATION    124
TABLE 58    EUROPE: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION)    124
10.3.4    BY END-USER INDUSTRY    124
TABLE 59    EUROPE: GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION)    124
10.3.5    BY COUNTRY    124
TABLE 60    EUROPE: GAS ENGINES MARKET, BY COUNTRY, 2020–2027 (USD MILLION)    124
10.3.5.1    Germany    125
10.3.5.1.1    Growth in cogeneration applications to drive the gas engines market in Germany    125
TABLE 61    GERMANY: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    125
TABLE 62    GERMANY: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    125
TABLE 63    GERMANY: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    126
10.3.5.2    UK    126
10.3.5.2.1    Need for flexible power generation to drive the gas engines market in the country    126
TABLE 64    UK: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    126
TABLE 65    UK: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    127
TABLE 66    UK: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    127
10.3.5.3    Russia    127
10.3.5.3.1    Reduction of emissions along with rising demand for cogeneration power and greenhouses to fuel the gas engines market in Russia    127
TABLE 67    RUSSIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    128
TABLE 68    RUSSIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    128
TABLE 69    RUSSIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    128
10.3.5.4    Italy    129
10.3.5.4.1    Increasing demand for higher overall energy efficiency is expected to drive the gas engines market in Italy    129
TABLE 70    ITALY: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    129
TABLE 71    ITALY: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    130
TABLE 72    ITALY: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    130
10.3.5.5    France    130
10.3.5.5.1    Increasing requirement for gas-fired power plants to support the electricity system is expected to drive the gas engines market in France    130
TABLE 73    FRANCE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    131
TABLE 74    FRANCE: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    131
TABLE 75    FRANCE: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    131
10.3.5.6    Rest of Europe    132
TABLE 76    REST OF EUROPE: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    132
TABLE 77    REST OF EUROPE: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    132
TABLE 78    REST OF EUROPE: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)    133

10.4    NORTH AMERICA    133
10.4.1    BY FUEL TYPE    134
TABLE 79    NORTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    134
10.4.2    BY POWER OUTPUT    135
TABLE 80    NORTH AMERICA: GAS ENGINES MARKET SIZE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    135
TABLE 81    NORTH AMERICA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)    135
10.4.3    BY APPLICATION    135
TABLE 82    NORTH AMERICA: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION)    135
10.4.4    BY END-USER INDUSTRY    136
TABLE 83    NORTH AMERICA: GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION)    136
10.4.5    BY COUNTRY    136
TABLE 84    NORTH AMERICA: GAS ENGINES MARKET, BY COUNTRY,
2020–2027 (USD MILLION)    136
10.4.5.1    US    136
10.4.5.1.1    Government policies supporting cogeneration and replacement of aging coal-fired power plants with gas-fired to drive the gas engines market in the country    136
TABLE 85    US: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    137
TABLE 86    US: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    138
TABLE 87    US: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    138
10.4.5.2    Canada    138
10.4.5.2.1    Increasing cogeneration applications and requirement of low-emission power generation to propel the gas engines market in the country    138
TABLE 88    CANADA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    139
TABLE 89    CANADA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    139
TABLE 90    CANADA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    140
10.4.5.3    Mexico    140
10.4.5.3.1    Focus on diversifying the energy mix and reducing emissions to drive the gas engines market in Mexico    140
TABLE 91    MEXICO: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    141
TABLE 92    MEXICO: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    141
TABLE 93    MEXICO: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    141

10.5    SOUTH AMERICA    142
10.5.1    BY FUEL TYPE    142
TABLE 94    SOUTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    142
10.5.2    BY POWER OUTPUT    143
TABLE 95    SOUTH AMERICA: GAS ENGINES MARKET SIZE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    143
TABLE 96    SOUTH AMERICA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT, 2020–2027 (UNITS)    143
10.5.3    BY APPLICATION    143
TABLE 97    SOUTH AMERICA: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION)    143
10.5.4    BY END-USER INDUSTRY    144
TABLE 98    SOUTH AMERICA: GAS ENGINES MARKET, BY END-USER INDUSTRY,
2020–2027 (USD MILLION)    144
10.5.5    BY COUNTRY    144
TABLE 99    SOUTH AMERICA: GAS ENGINES MARKET, BY COUNTRY,
2020–2027 (USD MILLION)    144
10.5.5.1    Brazil    144
10.5.5.1.1    Increasing demand for power and mechanical drive from the industrial sector to fuel the demand for gas engines in Brazil    144
TABLE 100    BRAZIL: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    145
TABLE 101    BRAZIL: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    145
TABLE 102    BRAZIL: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    146
10.5.5.2    Argentina    146
10.5.5.2.1    Rising power demand from the oil & gas industry and the inclination towards cogeneration is expected to propel the gas engines market in the country    146
TABLE 103    ARGENTINA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    147
TABLE 104    ARGENTINA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    147
TABLE 105    ARGENTINA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    147
10.5.5.3    Rest of South America    148
TABLE 106    REST OF SOUTH AMERICA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    148
TABLE 107    REST OF SOUTH AMERICA: GAS ENGINES MARKET VALUE,
BY POWER OUTPUT, 2020–2027 (USD MILLION)    148
TABLE 108    REST OF SOUTH AMERICA: GAS ENGINES MARKET VOLUME,
BY POWER OUTPUT, 2020–2027 (UNITS)    149
10.6    MIDDLE EAST & AFRICA    149
10.6.1    BY FUEL TYPE    150
TABLE 109    MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    150
10.6.2    BY POWER OUTPUT    150
TABLE 110    MIDDLE EAST & AFRICA: GAS ENGINES MARKET SIZE, BY POWER OUTPUT, 2020–2027 (USD MILLION)    150
TABLE 111    MIDDLE EAST & AFRICA: GAS ENGINES MARKET VOLUME,
BY POWER OUTPUT, 2020–2027 (UNITS)    150
10.6.3    BY APPLICATION    151
TABLE 112    MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY APPLICATION,
2020–2027 (USD MILLION)    151
10.6.4    BY END-USER INDUSTRY    151
TABLE 113    MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)    151
10.6.5    BY COUNTRY    152
TABLE 114    MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY COUNTRY,
2020–2027 (USD MILLION)    152
10.6.5.1    Saudi Arabia    152
10.6.5.1.1    Emerging trend of efficient power generation from gas and favorable government policies are expected to drive the gas engines market in Saudi Arabia    152
TABLE 115    SAUDI ARABIA: GAS ENGINES MARKET, BY FUEL TYPE,
2020–2027 (USD MILLION)    153
TABLE 116    SAUDI ARABIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    153
TABLE 117    SAUDI ARABIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    153
10.6.5.2    UAE    154
10.6.5.2.1    Increasing share of clean fuels and renewables in UAE’s electricity generation mix likely to drive the growth of the gas engines market in the UAE    154
TABLE 118    UAE: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    154
TABLE 119    UAE: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    155
TABLE 120    UAE: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    155
10.6.5.3    Egypt    155
10.6.5.3.1    Increasing gas production and the focus on energy efficiency and diversifying power generation will boost the gas engines market in Egypt    155
TABLE 121    EGYPT: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    156
TABLE 122    EGYPT: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    156
TABLE 123    EGYPT: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    156
10.6.5.4    Nigeria    157
10.6.5.4.1    Increasing oil & gas activities and adoption of gas-based power generation to drive the market for gas engines in Egypt    157
TABLE 124    NIGERIA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    157
TABLE 125    NIGERIA: GAS ENGINES MARKET VALUE, BY POWER OUTPUT,
2020–2027 (USD MILLION)    158
TABLE 126    NIGERIA: GAS ENGINES MARKET VOLUME, BY POWER OUTPUT,
2020–2027 (UNITS)    158
10.6.5.5    Rest of Middle East & Africa    158
TABLE 127    REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET, BY FUEL TYPE, 2020–2027 (USD MILLION)    159
TABLE 128    REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET VALUE,
BY POWER OUTPUT, 2020–2027 (USD MILLION)    159
TABLE 129    REST OF MIDDLE EAST & AFRICA: GAS ENGINES MARKET VOLUME,
BY POWER OUTPUT, 2020–2027 (UNITS)    159
11    COMPETITIVE LANDSCAPE    160
11.1    KEY PLAYER STRATEGIES    160
TABLE 130    OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS,
JANUARY 2018–DECEMBER 2021    160
11.2    MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS    164
TABLE 131    GAS ENGINES MARKET: DEGREE OF COMPETITION    164
FIGURE 41    GAS ENGINES MARKET SHARE ANALYSIS, 2021    164
11.3    REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS    165
FIGURE 42    TOP PLAYERS IN GAS ENGINES MARKET FROM 2017 TO 2021    165
11.4    COMPANY EVALUATION QUADRANT    166
11.4.1    STARS    166
11.4.2    PERVASIVE PLAYERS    166
11.4.3    EMERGING LEADERS    166
11.4.4    PARTICIPANTS    166
FIGURE 43    COMPETITIVE LEADERSHIP MAPPING: GAS ENGINES MARKET, 2021    167
11.5    GAS ENGINES MARKET: COMPANY FOOTPRINT    168
TABLE 132    BY FUEL TYPE: COMPANY FOOTPRINT    168
TABLE 133    BY END-USE INDUSTRY: COMPANY FOOTPRINT    169
TABLE 134    BY REGION: COMPANY FOOTPRINT    170
TABLE 135    BY COMPANY FOOTPRINT    171
11.6    COMPETITIVE SCENARIO    172
TABLE 136    GAS ENGINES MARKET: PRODUCT LAUNCHES,
JANUARY 2018–DECEMBER 2021    172
TABLE 137    GAS ENGINES MARKET: DEALS, JANUARY 2018–DECEMBER 2021    173
TABLE 138    GAS ENGINES MARKET: OTHER DEVELOPMENTS, JANUARY 2018–DECEMBER 2021    175

12    COMPANY PROFILES    177
(Business overview, Products offered, Recent developments & MnM View)*
12.1    KEY PLAYERS    177
12.1.1    CATERPILLAR    177
TABLE 139    CATERPILLAR: BUSINESS OVERVIEW    177
FIGURE 44    CATERPILLAR: COMPANY SNAPSHOT (2020)    178
TABLE 140    CATERPILLAR: PRODUCTS OFFERED    179
TABLE 141    CATERPILLAR: PRODUCT LAUNCHES    180
TABLE 142    CATERPILLAR: DEALS    181
TABLE 143    CATERPILLAR: OTHER DEVELOPMENTS    182
12.1.2    WÄRTSILÄ    184
TABLE 144    WÄRTSILÄ: BUSINESS OVERVIEW    184
FIGURE 45    WÄRTSILÄ: COMPANY SNAPSHOT (2021)    185
TABLE 145    WÄRTSILÄ: PRODUCTS OFFERED    185
TABLE 146    WÄRTSILÄ: PRODUCT LAUNCHES    186
TABLE 147    WÄRTSILÄ: DEALS    187
12.1.3    ROLLS-ROYCE HOLDINGS    189
TABLE 148    ROLLS-ROYCE HOLDINGS: BUSINESS OVERVIEW    189
FIGURE 46    ROLLS-ROYCE HOLDINGS: COMPANY SNAPSHOT (2020)    190
TABLE 149    ROLLS-ROYCE HOLDINGS: PRODUCTS OFFERED    190
TABLE 150    ROLLS-ROYCE HOLDINGS: PRODUCT LAUNCHES    191
TABLE 151    ROLLS-ROYCE HOLDINGS: DEALS    193
TABLE 152    ROLLS-ROYCE HOLDINGS: OTHER DEVELOPMENTS    194
12.1.4    CUMMINS    198
TABLE 153    CUMMINS: BUSINESS OVERVIEW    198
FIGURE 47    CUMMINS: COMPANY SNAPSHOT (2020)    199
TABLE 154    CUMMINS: PRODUCTS OFFERED    199
TABLE 155    CUMMINS: PRODUCT LAUNCHES    200
TABLE 156    CUMMINS: DEALS    201
12.1.5    VOLKSWAGEN (MAN ENERGY SOLUTIONS)    203
TABLE 157    VOLKSWAGEN (MAN ENERGY SOLUTIONS): BUSINESS OVERVIEW    203
FIGURE 48    VOLKSWAGEN (MAN ENERGY SOLUTIONS): COMPANY SNAPSHOT (2020)    204
TABLE 158    VOLKSWAGEN (MAN ENERGY SOLUTIONS): PRODUCTS OFFERED    204
TABLE 159    VOLKSWAGEN (MAN ENERGY SOLUTIONS): PRODUCT LAUNCHES    205
TABLE 160    VOLKSWAGEN (MAN ENERGY SOLUTIONS): DEALS    206
TABLE 161    VOLKSWAGEN (MAN ENERGY SOLUTIONS): OTHER DEVELOPMENTS    208

12.1.6    SIEMENS ENERGY    211
TABLE 162    SIEMENS ENERGY: BUSINESS OVERVIEW    211
FIGURE 49    SIEMENS ENERGY: COMPANY SNAPSHOT (2021)    212
TABLE 163    SIEMENS ENERGY: PRODUCTS OFFERED    213
TABLE 164    SIEMENS ENERGY: DEALS    214
12.1.7    MITSUBISHI HEAVY INDUSTRIES, LTD.    216
TABLE 165    MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW    216
FIGURE 50    MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020)    217
TABLE 166    MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED    217
TABLE 167    MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES    218
TABLE 168    MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS    219
TABLE 169    MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHER DEVELOPMENTS    219
12.1.8    INNIO    220
TABLE 170    INNIO: BUSINESS OVERVIEW    220
TABLE 171    INNIO: PRODUCTS OFFERED    221
TABLE 172    INNIO: PRODUCT LAUNCHES    221
TABLE 173    INNIO: DEALS    223
TABLE 174    INNIO: OTHER DEVELOPMENTS    224
12.1.9    KAWASAKI HEAVY INDUSTRIES, LTD.    225
TABLE 175    KAWASAKI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW    225
FIGURE 51    KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020)    226
TABLE 176    KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED    227
TABLE 177    KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES    227
TABLE 178    KAWASAKI HEAVY INDUSTRIES, LTD.: DEALS    228
12.1.10    NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD.    229
TABLE 179    NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD.: BUSINESS OVERVIEW    229
TABLE 180    NINGBO C.S.I POWER & MACHINERY GROUP CO., LTD: PRODUCTS OFFERED    229
12.1.11    IHI POWER SYSTEMS    230
TABLE 181    IHI POWER SYSTEMS: BUSINESS OVERVIEW    230
TABLE 182    IHI POWER SYSTEMS: PRODUCTS OFFERED    230
12.1.12    JFE ENGINEERING CORPORATION    231
TABLE 183    JFE ENGINEERING CORPORATION: BUSINESS OVERVIEW    231
TABLE 184    JFE ENGINEERING CORPORATION: PRODUCTS OFFERED    231
12.1.13    LIEBHERR    232
TABLE 185    LIEBHERR: BUSINESS OVERVIEW    232
FIGURE 52    LIEBHERR: COMPANY SNAPSHOT (2020)    233
TABLE 186    LIEBHERR: PRODUCTS OFFERED    233

12.1.14    HYUNDAI HEAVY INDUSTRIES CO., LTD.    234
TABLE 187    HYUNDAI HEAVY INDUSTRIES CO., LTD.: BUSINESS OVERVIEW    234
FIGURE 53    HYUNDAI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2020)    234
TABLE 188    HYUNDAI HEAVY INDUSTRIES CO., LTD.: PRODUCTS OFFERED    235
TABLE 189    HYUNDAI HEAVY INDUSTRIES CO., LTD.: PRODUCT LAUNCHES    236
TABLE 190    HYUNDAI HEAVY INDUSTRIES CO., LTD: OTHER DEVELOPMENTS    236
12.1.15    JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD    237
TABLE 191    JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD.: BUSINESS OVERVIEW    237
TABLE 192    JINAN LVNENG POWER MACHINERY EQUIPMENT CO., LTD: PRODUCTS OFFERED    237
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
12.2    OTHER PLAYERS    238
12.2.1    R SCHMITT ENERTEC    238
12.2.2    CNPC JICHAI POWER COMPLEX    238
12.2.3    FAIRBANKS MORSE    239
12.2.4    GOOGOL ENGINE TECH    239
12.2.5    BAUDOUIN    240
13    APPENDIX    241
13.1    INSIGHTS FROM INDUSTRY EXPERTS    241
13.2    DISCUSSION GUIDE    241
13.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    246
13.4    AVAILABLE CUSTOMIZATIONS    248
13.5    RELATED REPORTS    248
13.6    AUTHOR DETAILS    249"