The Global Market for Gas Engines, 2018-2023: Drivers, Trends and Challenges – ResearchAndMarkets.com

The "Global Gas Engine Market - Analysis by End-user, Application, Fuel Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The demand for reliable and clean electricity is growing across the world on account of industrial expansion and development of commercial infrastructure. Moreover, the growth in urban infrastructure is driving the demand for a reliable source of power.

With the growing concerns over the air pollution, both, developing and developed countries are encouraging the use of gas over other hydrocarbons, such as crude oil and coal, as a source for power generation. Emerging countries, such as India and China are aggressively investing in gas transport infrastructure in order to ensure reliable and continuous supply of the gas, which in turn is expected to assist with driving the gas-fired power generation market. The growth of gas-based power generation is expected to support the demand for gas engines in the power sector.

Key Highlights

• Higher Efficiency for Large Power Capacity Units to Drive the Market
• Europe to Dominate the Market Share

Notable Developments in the Market

• April 2018: Wrtsil signed a contract to engineer, manufacture and deliver a 130-MW Flexicycle plant which would be an integral part of Senegal's energy future. The Flexicycle solution is based on a gas, multi-fuel, or liquid fuel power plant combined with a steam turbine.
• December 2017: General Electric has signed an agreement for the supply of 21 Jenbacher Gas Engines in Russia. The engines will be supplied by GE's Channel Partner GreenTech Energy Company by the end of 2018.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

• Caterpillar Inc.
• Cummins Inc.
• Siemens AG
• Rolls-Royce Holdings PLC
• Wartsila OYJ ABP
• Mitsubishi Heavy Industries Ltd.
• Hyundai Heavy Industries Co. Ltd.
• Man SE
• General Electric Company
• Kawasaki Heavy Industries Ltd.
• JFE Engineering Corporation
• Liebherr Group

For more information about this report visit https://www.researchandmarkets.com/research/xdbzlt/the_global_market?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005610/en/