Gas Engine Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43033

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The gas engine market size is expected to grow by USD 1.66 billion and record a CAGR of 5.72% during 2021-2025.

This post-pandemic gas engine market 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 analysis report, key drivers such as an increase in electricity demand have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as irregularities in natural gas reserves and supplies, which will impede 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 be in 2021?


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Who are the Key Vendors in the Gas Engine Market?

The gas engine market 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.
  • CNH Industrial NV
  • Cummins Inc.
  • Hyundai Heavy Industries Co. Ltd.
  • INNIO Jenbacher GmbH & Co. OG
  • Kawasaki Heavy Industries Ltd.
  • Kohler Co.
  • Liebherr-International AG
  • Mitsubishi Heavy Industries Ltd.
  • Siemens AG


The gas engine market 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 report further entails segmentation by end-user (power, industrial, residential, and commercial) and geography (Europe, North America, APAC, South America, and MEA). 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?


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The report offers an up-to-date analysis of the geographical composition of the market. Europe will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

43% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for gas engines in the region. This report provides estimations of the contribution of all regions to the growth of the gas engine market size.


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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gas engine market growth during the next five years
  • Precise estimation of the gas engine market size 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 Europe, North America, APAC, South America, and MEA
  • 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

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Gas Engine Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 5.72%

Market growth 2021-2025

$ 1.66 billion

Market structure


YoY growth (%)


Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 43%

Key consumer countries

US, Germany, China, France, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Caterpillar Inc., CNH Industrial NV, Cummins Inc., Hyundai Heavy Industries Co. Ltd., INNIO Jenbacher GmbH & Co. OG, Kawasaki Heavy Industries Ltd., Kohler Co., Liebherr-International AG, Mitsubishi Heavy Industries Ltd., and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Power - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Residential - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Caterpillar Inc.
    • CNH Industrial NV
    • Cummins Inc.
    • Hyundai Heavy Industries Co. Ltd.
    • INNIO Jenbacher GmbH & Co. OG
    • Kawasaki Heavy Industries Ltd.
    • Kohler Co.
    • Liebherr-International AG
    • Mitsubishi Heavy Industries Ltd.
    • Siemens AG


    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.


    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

    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



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


    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The gas engine market growth will increase by $1.85 billion during 2019-2024.
    The gas engine market is expected to grow at a CAGR of 6.57% during 2019-2024.
    Technavio has segmented the gas engine market by end user (Power, Industrial, Residential, and Commercial) ,material (Titanium dental implants and Zirconium dental implants) , and geographic (Europe, North America, APAC, and South America).
    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.
    Europe will register the highest growth rate of 44.20% among the other regions. Therefore, the gas engine market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • Germany
    • China
    • France
    • Japan
    The key factors driving the gas engine market growth are:
    • Expanding the gas generator market
    • Increasing demand for energy-efficient engines
    The gas engine 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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