NORTH AMERICA GAS ENGINE MARKET FORECAST 2020-2028

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NORTH AMERICA GAS ENGINE MARKET FORECAST 2020-2028

The North American market for the gas engine is evaluated to reach a CAGR of 6.48% during the forecast period of 2019-2028. There is a steady growth in the market region due to strict emission laws and the need for efficient power generation in countries like the US and Canada. The falling prices of natural gas have made a huge impact on the economy in the region, which, in turn, has pushed forward the growth of the gas engine market in the region. The gas engine market of North America is divided into the US and Canada for further analysis. The US region dominates the export of gas engines in the region. In the US, there is a steady growth in the market due to the abundance of shale gas resources, and the thriving natural gas vehicle market. A major portion of the heavy vehicles running on petrol and diesel are expected to switch to natural gas.

NORTH AMERICA GAS ENGINE MARKET FORECAST 2020-2028

North America Gas Engine Market by Fuel Type (Natural Gas, Special Gas, Other Gas) by Power (5 Mw-1.0 Mw, 0-2.0 Mw, 0-5.0 Mw, 0 Mw-10.0 Mw, 0 Mw-20.0 Mw) by Application (Power Generation, Co-generation, Other Applications) by End User (Utilities, Manufacturing, Oil & Gas, Transportation, Others) by Geography.

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The North American market for the gas engine is evaluated to reach a CAGR of 6.48% during the forecast period of 2019-2028. There is a steady growth in the market region due to strict emission laws and the need for efficient power generation in countries like the US and Canada. The falling prices of natural gas have made a huge impact on the economy in the region, which, in turn, has pushed forward the growth of the gas engine market in the region.

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The gas engine market of North America is divided into the US and Canada for further analysis. The US region dominates the export of gas engines in the region. In the US, there is a steady growth in the market due to the abundance of shale gas resources, and the thriving natural gas vehicle market. A major portion of the heavy vehicles running on petrol and diesel are expected to switch to natural gas. The Canadian market is also evolving and growing at a fixed pace during the forecast period. The degrading prices of natural gas in the North American region have made huge impacts in terms of economic growth. This boosts the potential of the gas engine market in the North American region, thereby impacting household activities and business operations.

Caterpillar Inc., headquartered at Peoria, Illinois, the US, is one of the major companies present in the market which manufactures natural gas engines, among other products.

 

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  1. RESEARCH SCOPE
    • STUDY OBJECTIVES
    • SCOPE OF THE STUDY
    • METHODOLOGY
    • STUDY AND FORECASTING YEARS
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & FORECAST
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
  4. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • UNYIELDING DROP IN THE GAS PRICES
      • INCREASING USE OF NATURAL GAS IN THE POWER INDUSTRY
      • GROWING ENVIRONMENTAL CONCERNS
      • ADVANCEMENTS IN TECHNOLOGIES RESULTING IN EFFICIENT POWER GENERATION
      • MARINE APPLICATION FUELING THE DEMAND FOR GAS ENGINES
    • MARKET RESTRAINTS
      • IRREGULARITIES IN NATURAL GAS RESERVES & SUPPLIES DUE TO REGIONAL INSTABILITY
      • SECURITY & INFRASTRUCTURE CONCERNS
      • LARGE PRICE DIFFERENCE BETWEEN ALTERNATIVE FUELS
      • DEPLETING NATURAL GAS RESERVES
      • MACROECONOMIC FACTORS
      • STRICT REGULATIONS
  1. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • NEW ENTRANTS
      • SUBSTITUTION
      • SUPPLIERS POWER
      • BUYERS POWER
      • INDUSTRY RIVALRY
    • KEY INVESTMENT INSIGHTS
    • KEY BUYING CRITERIA
      • COST
      • EFFICIENCY
      • EMISSION
      • MAINTENANCE
      • FLEXIBILITY
    • OPPORTUNITY MATRIX
    • VENDORS LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • RAW MATERIAL SUPPLIERS / PARTS
      • MANUFACTURERS
      • DISTRIBUTORS
      • END USERS
    • REGULATORY FRAMEWORK
  2. MARKET BY FUEL TYPE
    • NATURAL GAS
    • SPECIAL GAS
    • OTHER GAS
  3. MARKET BY POWER
    • 5 MW-1.0 MW
    • 0-2.0 MW
    • 0-5.0 MW
    • 0 MW-10.0 MW
    • 0 MW-20.0 MW
  4. MARKET BY APPLICATION
    • POWER GENERATION
    • CO-GENERATION
    • OTHER APPLICATIONS
  5. MARKET BY END USER
    • UTILITIES
    • MANUFACTURING
    • OIL & GAS
    • TRANSPORTATION
    • OTHERS
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. COMPANY PROFILES
    • 3W INTERNATIONAL GMBH
    • CATERPILLAR INC.
    • CHINA YUCHAI INTERNATIONAL LTD.
    • CLARKE ENERGY
    • CUMMINS INC.
    • DEUTZ AG
    • DRESSER RAND GROUP INC.
    • DOOSAN INFRACORE CO. LTD.
    • FAIRBANKS MORSE ENGINES
    • GENERAL ELECTRIC COMPANY (INIO)
    • HYUNDAI HEAVY INDUSTRIES CO. LTD.
    • IHI CORPORATION
    • KAWASAKI HEAVY INDUSTRIES LTD.
    • MAN SE
    • MITSUBISHI HEAVY INDUSTRIES INC.
    • WÄRTSILÄ CORPORATION
    • ROLLS ROYCE HOLDINGS PLC.
    • YANMAR CO. LTD.
LIST OF TABLES
TABLE 1: NATURAL GAS PRICES, (2016-2018) (DOLLARS PER THOUSAND CUBIC FEET)TABLE 2: COMPARISON OF CARBON DIOXIDE EMISSION LEVELS FOR DIFFERENT FUELS (1990-2040) (BILLION METRIC TONS)TABLE 3: LEGAL, POLICY & REGULATORY FRAMEWORKTABLE 4: NORTH AMERICA GAS ENGINE MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: NORTH AMERICA GAS ENGINE MARKET, BY FUEL TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: NORTH AMERICA GAS ENGINE MARKET, BY POWER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: NORTH AMERICA GAS ENGINE MARKET, BY POWER, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA GAS ENGINE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: NORTH AMERICA GAS ENGINE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA GAS ENGINE MARKET, BY END USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: NORTH AMERICA GAS ENGINE MARKET, BY END USER, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA GAS ENGINE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: NORTH AMERICA GAS ENGINE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: PORTER’S FIVE FORCE ANALYSIS

FIGURE 2: KEY INVESTMENT INSIGHTS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: OPPORTUNITY MATRIX

FIGURE 5: VENDOR LANDSCAPE

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: NORTH AMERICA GAS ENGINE MARKET, GROWTH POTENTIAL, BY FUEL TYPE (IN 2019)

FIGURE 8: NORTH AMERICA GAS ENGINE MARKET, BY NATURAL GAS, 2020-2028 (IN $ MILLION)

FIGURE 9: NORTH AMERICA GAS ENGINE MARKET, BY SPECIAL GAS, 2020-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA GAS ENGINE MARKET, BY OTHER FUEL TYPE, 2020-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA GAS ENGINE MARKET, GROWTH POTENTIAL, BY POWER (IN 2019)

FIGURE 12: NORTH AMERICA GAS ENGINE MARKET, BY 0.5 MW-1.0 MW, 2020-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA GAS ENGINE MARKET, BY 1.0-2.0 MW, 2020-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA GAS ENGINE MARKET, BY 2.0-5.0 MW, 2020-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA GAS ENGINE MARKET, BY 5.0 MW-10.0 MW, 2020-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA GAS ENGINE MARKET, BY 10.0 MW-20.0 MW, 2020-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA GAS ENGINE MARKET, GROWTH POTENTIAL, BY APPLICATION (IN 2019)

FIGURE 18: NORTH AMERICA GAS ENGINE MARKET, BY POWER GENERATION, 2020-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA GAS ENGINE MARKET, BY CO-GENERATION, 2020-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA GAS ENGINE MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)

FIGURE 21: NORTH AMERICA GAS ENGINE MARKET, GROWTH POTENTIAL, BY END USER (IN 2019)

FIGURE 22: NORTH AMERICA GAS ENGINE MARKET, BY UTILITIES, 2020-2028 (IN $ MILLION)

FIGURE 23: NORTH AMERICA GAS ENGINE MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)

FIGURE 24: NORTH AMERICA GAS ENGINE MARKET, BY OIL & GAS, 2020-2028 (IN $ MILLION)

FIGURE 25: NORTH AMERICA GAS ENGINE MARKET, BY TRANSPORTATION, 2020-2028 (IN $ MILLION)

FIGURE 26: NORTH AMERICA GAS ENGINE MARKET, BY OTHER END USERS, 2020-2028 IN $ MILLION)

FIGURE 27: NORTH AMERICA GAS ENGINE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 28: UNITED STATES GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: CANADA GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. MARKET BY FUEL TYPE
    • NATURAL GAS
    • SPECIAL GAS
    • OTHER GAS
  2. MARKET BY POWER
    • 5 MW-1.0 MW
    • 0-2.0 MW
    • 0-5.0 MW
    • 0 MW-10.0 MW
    • 0 MW-20.0 MW
  3. MARKET BY APPLICATION
    • POWER GENERATION
    • CO-GENERATION
    • OTHER APPLICATIONS
  4. MARKET BY END USER
    • UTILITIES
    • MANUFACTURING
    • OIL & GAS
    • TRANSPORTATION
    • OTHERS

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