Increasing demand for natural gas is expected to drive the global gas engine market

04/lug/2019 15:42:28 Quince Market Insights Contatta l'autore

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Global gas engine market has been witnessing growth, increasing application base of bio fuels and natural gas, and technological advancements leading to increasing demand.

A gas engine works on an internal combustion engine, which runs on gas as fuel. With the development of natural gas-powered engines, the application of natural gas-based engines is increasing. Gas engines are more efficient than diesel engines due to low emissions and cost. However, changing prices of natural gas will impact the market during the forecasted period.

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The upcoming report from Quince Market insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering the potential for the gas engine market.

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Market Segmentation of Global Gas Engine Market:

By Power Output:

·         0.5MW-1MW

·         1MW-2MW

·         2MW-5MW

·         5MW-10MW

·         10MW-20MW

By Gas Type:

·         Natural

·         Special

·         Others

By End-Use Industry:

·         Marine

·          Oil & Gas

·         Manufacturing

·         Utilities

·         Others

By Application:

·          Power Generation

·         Co-Generation

·         Others

This study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World.

Major companies operating in the Global Gas Engine Market:

·        Wartsila Corporation

·        Kawasaki Heavy Industries Ltd.

·        Caterpillar Inc.

·        MAN Diesel & Turbo SE

·        Rolls-Royce

·        Cummins Inc.

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