Gas Engine Market in North America by End-user, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR44112
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The gas engine market size in North America is expected to grow by USD 322.03 million and record a CAGR of 4.53% during 2021-2025.

This post-pandemic gas engine market in North America report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this gas engine market in North America analysis report, key drivers such as increasing demand for efficient heat and power generation in North America have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as the presence of strong substitutes, which will impede the market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Gas Engine Market Size in North America be in 2021?

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Who are the Key Vendors in the Gas Engine Market in North America?

The gas engine market in North America forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Caterpillar Inc.
  • Cummins Inc.
  • Doosan Infracore Co. Ltd.
  • Hyundai Heavy Industries Co. Ltd.
  • INNIO Jenbacher GmbH & Co. OG
  • Kawasaki Heavy Industries Ltd.
  • MAN SE
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce Plc
  • Siemens Energy AG

 

The gas engine market in North America is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This gas engine market in North America report further entails segmentation by end-user (power, industrial, residential, and commercial), application (power generation, co-generation, and others), and geography (the US, Canada, and Mexico). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for Gas Engine Market in North America?

Gas-Engine-Market-In-North-America-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. The US had the largest market share in the gas engine market in North America in 2021, and the country will offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

65% of the market’s growth will originate from the US during the forecast period. This report provides estimations of the contribution of all the markets to the growth of the gas engine market size in North America.

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What are the Key Factors Covered in this Gas Engine Market in North America Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gas engine market growth in North America during the next five years
  • Precise estimation of the gas engine market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gas engine industry across the US, Canada, and Mexico
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gas engine market vendors in North America

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The gas engine market market growth will increase by $256.86 million during 2019-2024.
The gas engine market market is expected to grow at a CAGR of 3.81% during 2019-2024.
Technavio has segmented the gas engine market market by end user (Power, Industrial, Residential, and Commercial) ,application (Power generation, Co-generation, and Others) , and geographic (US, Canada, and Mexico).
Caterpillar Inc., Cummins Inc., Doosan Infracore Co. Ltd., Hyundai Heavy Industries Co. Ltd., INNIO Jenbacher GmbH & Co. OG, Kawasaki Heavy Industries Ltd., MAN SE, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Siemens AG are a few of the key vendors in the gas engine market market.
US will register the highest growth rate of 65.23% among the other regions. Therefore, the gas engine market market in US is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the gas engine market market growth are:
  • Increasing demand for efficient heat and power generation in North America
The gas engine market market vendors should focus on grabbing business opportunities from the power segment as it accounted for the largest market share in the base year.
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