Global natural gas engine market is projected to register a CAGR of 7.4% in the forecast period of 2020 to 2027. The new market report contains data for the historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation:
Global Natural Gas Engine Market, By Engine Family (Spark Ignited Engines, Dual Fuel Type Engine and High Pressure Direct Injection), Power Output (500 KW – 800 KW, 1000 KW – 2000 KW and 3000 KW – 4500 KW), Application (Natural Gas Gensets, Natural Gas Automotive and Decentralized Energy Generation), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Rest of South America, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the global natural gas engine market:
• Rising efficient technology for power generation
• Growing demand of natural gas engine in power plants
Market Players:
The key players of global natural gas engine market are:
• YANMAR HOLDINGS CO., LTD.
• Westport Fuel Systems Inc
• Wärtsilä
• IHI Power Systems Co.,Ltd. (Subsidiary of IHI Corporation)
• MAN SE
• BERGEN ENGINES AS
• LIEBHERR
• JFE Engineering Corporation
• Siemens
• Caterpillar
• Cummins Inc.
• INNIO
• MITSUBISHI HEAVY INDUSTRIES, LTD
• Kawasaki Heavy Industries, Ltd.
• DEUTZ AG
• Doosan Corporation
• Guangdong Honny Power-Tech Co., Ltd