The Latin American gas engine market has been projected to grow at a CAGR of 6.43% in the forecast years of 2019-2027.
The decline in natural gas prices has led to an increase in natural gas consumption, and is one of the key factors responsible for the growth of the Latin American gas engine market. Natural gas is increasingly being preferred over coal as the second most-used fuel in the world, after oil. Several countries in the region have witnessed an increase in the demand for natural gas. In accordance with the trend observed in several other countries, natural gas has contributed a major share to Brazil's energy mix, in the last few years.
There is an increased focus towards the development of natural gas by the Government of Brazil to foster energy source diversification. The government, therefore, launched its Gas for Growth' program in 2016, which would boost the natural gas consumption in the country. The government has been working on its plans to build several natural gas infrastructures in the country for the production, processing, and transportation of natural gas, over the coming years. This move would ensure sufficient domestic gas supply for several end-users. The above-mentioned factors indicate substantial growth in Latin America's gas engine market.
Key Topics Covered:
1. Latin 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. Latin America Gas Engine Market Outlook - By Fuel Type
3.1. Natural Gas
3.2. Special Gas
3.3. Other Gas
4. Latin 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. Latin America Gas Engine Market Outlook - By Application
5.1. Power Generation
5.3. Other Applications
6. Latin America Gas Engine Market Outlook - By End-User
6.3. Oil & Gas
6.5. Other End-Users
7. Latin America Gas Engine Market - Regional Outlook
7.3. Rest Of Latin America
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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