Key Findings
The European market for the gas engine is evaluated to reach a CAGR of 6.40% during the projected period, 2020-2028. The market is expanding at a fast rate due to the thriving manufacturing sector, low natural gas prices, and the establishment of innovative industries in the region. The European market is leading the gas engine market, in terms of market share, during the forecast period.

Market Insights
In order to study the European market for the gas engine, the market is further divided into various regions such as Russia, Belgium, Poland, France, Italy, the United Kingdom, Germany, and the rest of Europe. In regions like Russia, the market is stimulated by the huge reserve of natural gas, lower price of natural fuels, a well- developed gas distribution and gas filling infrastructure. The countries like Belgium, with regard to the gas engine market, is gradually emerging owing to the growing competition in the electricity and natural gas markets. The increased use of renewable energy and reducing the use of fossil fuel, excellent gas transport infrastructure, and high levels of emergency oil stock are the driving factors for gas engine market growth in Belgium. The growing emphasis on using LNG fueled vehicles in regions like Spain, is set to drive its market growth, whereas the increasing emphasis on the use of LNG-based fuel in the shipping sector is expected to augment market growth in the regions like Greece.

Competitive Insights
3W- International GmbH, DEUTZ AG, MAN SE, Wartsila Corporation, etc. are some of the leading companies operating in the market.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments