The publisher anticipates the North America gas engine market would rise at a CAGR of 6.93% in the estimated years of 2019-2027. The United States and Canada together constitute the North American gas engine market.
The market for gas engines in North America is growing at a stable pace owing to the strict laws on emissions and the need to generate power efficiently in the United States and Canada. A law passed by the US Environmental Protection Agency in 2014 aims to reduce at least 30% carbon emissions from coal power plants by 2030, from the levels reported for the year 2005.
In addition, the booming market for natural gas vehicles in the United States has increased the demand for gas engines. Approx. 30% of the heavy trucks that currently run on petrol and diesel are expected to start using natural gas by 2020.
There are over 110 LNG facilities operating in the US. Some of these facilities export natural gas while the others provide it to the interstate pipeline network and local distributors. Some of the LNG facilities store the fuel so that it can be supplied when there's peak demand. Additionally, there are also facilities that produce liquefied natural gas for vehicular and industrial use. The presence of these facilities also enables market growth for gas engines.
Key Topics Covered:
1. North America Gas Engine Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Advent Of Dual Fuel Engines
2.2.2. Consumption Of Alternate Gases As Fuels
2.3. Porter'S Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitute
2.3.3. Bargaining Power Of Suppliers
2.3.4. Bargaining Power Of Buyers
2.3.5. Threat Of Competitive Rivalry
2.4. Key Impact Analysis
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Regulatory Framework
2.8. Market Drivers
2.8.1. Decrease In Gas Prices
2.8.2. Growing Electricity Demand Worldwide
2.8.3. Surge In Ecological Concerns
2.8.4. Industrial Expansion Leading To Environmental Power Generation
2.9. Market Restraints
2.9.1. Abnormalities In Natural Gas Reserves & Provisions Due To Regional Instability
2.9.2. Rise In Safety Concerns
2.9.3. Price Disparity Among Fuels
2.10. Market Opportunities
2.10.1. Emergent Inclination Towards Distributed Power Generation
2.10.2. Advent Of Gas-Fired Power Plants
2.11. Market Challenges
2.11.1. Diminishing Natural Gas Reserves
2.11.2. Firm Regulations Levied By Authorities
3. North America Gas Engine Market Outlook - By Fuel Type
3.1. Natural Gas
3.2. Special Gas
3.3. Other Gas
4. North America Gas Engine Market Outlook - By Power
4.1. 0.5 Mw-1.0 Mw
4.2. 1.0-2.0 Mw
4.3. 2.0-5.0 Mw
4.4. 5.0 Mw-10.0 Mw
4.5. 10.0 Mw-20.0 Mw
5. North America Gas Engine Market Outlook - By Application
5.1. Power Generation
5.3. Other Applications
6. North America Gas Engine Market Outlook - By End-User
6.3. Oil & Gas
6.5. Other End-Users
7. North America Gas Engine Market - Regional Outlook
7.1. United States
8. Competitive Landscape
8.1. 3W-International Gmbh
8.2. Caterpillar Inc.
8.3. Cummins, Inc.
8.4. China Yuchai International Ltd.
8.5. Clarke Energy
8.6. Deutz Ag
8.7. Dresser-Rand Group, Inc.
8.8. Doosan Infracore Co., Ltd.
8.9. Fairbanks Morse Engine
8.10. General Electric Company (Innio)
8.11. Hyundai Heavy Industries Co., Ltd.
8.12. Ihi Corporation
8.13. Kawasaki Heavy Industries, Ltd.
8.14. Man Se
8.15. Mitsubishi Heavy Industries, Ltd.
8.16. Wrtsil Corporation
9. Methodology & Scope
9.1. Research Scope
9.2. Sources Of Data
9.3. Research Methodology
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