DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Gas Engines Market - Global Forecast to 2021" report to their offering.
The gas engines market is projected to reach USD 4.54 billion by 2021, growing at a CAGR of 6.9% from 2016 to 2021.
Gas engines are being increasingly used for power production across the globe. The increased electricity demand and drop in natural gas prices are expected to drive the gas engines market. Gas engines are gaining momentum in stationary as well as mobile applications, and are employed in utilities, the oil & gas industry, manufacturing industries, commercial complex, and hospitals. Given the growing environmental concerns and need to reduce carbon dioxide emissions, the demand for gas engines is set to increase in coming years.
Europe is currently the largest as well as the fastest growing market for gas engines, closely followed by North America. The growing environmental concerns, low cost of natural gas, and rigid emission regulations are boosting the demand for gas engines in the region. The European market is primarily driven by countries such as Germany, the U.K., Russia, and Italy, where there is a high demand for gas engines. The market in this region is projected to grow at a high rate, with Germany expected to register the fastest growth in the region.
Companies Mentioned:
- Caterpillar Inc.
- Cummins Inc.
- Deutz AG
- Doosan Infracore
- General Electric Company
- Kawasaki Heavy Industries, Ltd.
- Man SE
- Mitsubishi Heavy Industries, Ltd.
- Rolls-Royce Holdings PLC
- Siemens AG
- Wartsila Corporation
- Yanmar Co., Ltd.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Gas Engines Market, By Fuel Type
7 Gas Engines Market, By Application
8 Gas Engines Market, By End-User
9 Gas Engines Market, By Power
10 Gas Engines Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/8g6twc/gas_engines
Related Topics: Gas, Engines and Engine Parts
