North America Gas Engine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fuel Type (Natural Gas, and Special Gas), Power Output (100 - 300 kW, 300-500kW, 0.5– 1 MW, 1–2 MW, 2–5 MW, 5–10 MW, and 10–20 MW), End-User (Remote, Mid-Stream Oil and Gas, Heavy Industries, Light Manufacturing, Utilities, Biogas, Datacenters, MUSH, and Commercial)
The North America gas engine market is expected to reach US$ 1,469.1 million by 2028 from US$ 861.3 million in 2021. The market is estimated to grow at a CAGR of 7.9% from 2021–2028.
Governments of various countries are imposing certain regulations to control the emissions of diesel and petrol engines, thus compelling engine manufacturers to opt for alternative fuel solutions such as natural gases. Gas engines release less emissions to generate a sufficient amount of with power high efficiency. The emission monitoring and regulatory bodies from various countries are imposing stringent regulations on the use of diesel engines and generators. To meet these regulatory standards, various industries are deploying gas engine and generators for power generation. Moreover, in December 2020, Rolls-Royce launched MTU Series 500, a new series of gas engines, with a power range of 250–550 kilowatt. The engines are specially designed to meet the emission goals by using hydrogen as a power source, which is offering low fuel costs and low fuel consumption for industrial and utility sectors. Similarly, in June 2020, Kawasaki Heavy Industries, Ltd., a heavy equipment manufacturer, launched a new model KG-18-T gas engine. The company introduced a two-stage turbocharging system with 51% electrical efficiency for power generation. Thus, the rise in such development’s activities owing to stringent regulations related to gas engines is propelling the North America market’s growth.
During the COVID-19 pandemic, approximately 2/3rd of the Americans is forced to work remotely. With businesses started to reopen, several companies are still choosing to opt for the WFH strategy and even to reduce their previous capacity for an extended period, which is expected to have negative impact on the gas engines market growth. Also, COVID-19 pandemic is having a huge impact on natural gas consumption and export of LNG gas in the US market. The slowdown of gas demand is further impacting the growth of the market. Moreover, the loss in revenues is expected to restrain several power plants to invest in new gas engines procurement as they are cutting their budgets to moderate the losses.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the gas engine market. The North America gas engine market is expected to grow at a good CAGR during the forecast period.
North America Gas Engine Market Revenue and Forecast to 2028 (US$ Million)
North America Gas Engine Market Segmentation
By Fuel Type
- Natural Gas
- Special Gas
By Power Output
- 100-300 kW
- 300 - 500 kW
- 0.5-1 MW
- 1-2 MW
- 2-5 MW
- 5-10 MW
- 10-20 MW
By End-User
- Remote
- Mining
- Drilling
- Others
- Mid-Stream Oil & Gas
- Heavy Industries
- Chemicals
- Paper
- Metals
- Food and Beverages
- Others
- Light Manufacturing
- Utilities
- Grid
- IPP
- Others
- Biogas
- Datacenters
- MUSH
- Commercial
By Country
- North America
- US
- Canada
- Mexico
Companies Mentioned
- INNIO Jenbacher GmbH & Co OG
- Caterpillar Inc.
- Cummins Inc.
- Fairbanks Morse, LLC
- Kawasaki Heavy Industries, Ltd.
- Liebherr; MAN SE
- Mitsubishi Heavy Industries, Ltd.
- Wärtsilä Corporation
- MTU (Rolls-Royce Power Systems AG)
- 2G ENERGY AG
- MAN SE
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Gas Engines Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights
4.5.1 Power Output by End-User
5. Gas Engines Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Focus on Development of Efficient Fuel Engines
5.1.2 Rise in Production of Natural Gas
5.2 Market Restraints
5.2.1 Escalating Popularity of Renewable Energy Alternatives and Technological Drawbacks in Several Countries
5.3 Market Opportunities
5.3.1 Surging Adoption of Gas Engines in Developing Countries
5.4 Future Trends
5.4.1 Distributed Gas Generation
5.5 Impact Analysis of Drivers and Restraints
6. Gas Engines – North America Market Analysis
6.1 North America Gas Engines Market Overview
6.2 Gas Engines Market – Revenue and Forecast to 2028 (US$ Million)
7. Gas Engines Market Revenue and Forecast to 2028 – Fuel Type
7.1 Overview
7.2 Gas Engines Market, by Fuel Type (2020 and 2028)
7.3 Natural gas
7.3.1 Overview
7.3.2 Natural Gas: Gas Engines Market Revenue and Forecast To 2028 (US$ Million)
7.4 Special Gas
7.4.1 Overview
7.4.2 Special Gas: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
8. Gas Engines Market Revenue and Forecast to 2028 – Power Output
8.1 Overview
8.2 Gas Engines Market, by Power Output (2020 and 2028)
8.3–300 kW
8.3.1 Overview
8.3.2–300 kW: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
8.4–500kW
8.4.1 Overview
8.4.2–500kW: Gas Engines Market Revenue and Forecast To 2028 (US$ Million)
8.5 0.5–1 MW
8.5.1 Overview
8.5.2 0.5–1 MW: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
8.6 1–2 MW
8.6.1 Overview
8.6.2 1–2 MW: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
8.7 2–5 MW
8.7.1 Overview
8.7.2 2–5 MW: Gas Engines Market Forecast and Analysis
8.8 5–10 MW
8.8.1 Overview
8.8.2 5–10 MW: Gas Engines Market Forecast and Analysis
8.9–20 MW
8.9.1 Overview
8.9.2–20 MW: Gas Engines Market Forecast and Analysis
9. Gas Engines Market Revenue and Forecast to 2028 – End User
9.1 Overview
9.2 Gas Engines Market, by End User (2020 and 2028)
9.3 Remote
9.3.1 Overview
9.3.2 Remote: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.3.3 Mining
9.3.3.1 Overview
9.3.3.2 Mining: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.3.4 Drilling
9.3.4.1 Overview
9.3.4.2 Drilling: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.3.5 Others
9.3.5.1 Overview
9.3.5.2 Others: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.4 Mid-Stream Oil and Gas
9.4.1 Overview
9.4.2 Mid-Stream Oil and Gas: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.5 Heavy Industries
9.5.1 Overview
9.5.2 Heavy Industries: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.5.3 Chemical
9.5.3.1 Overview
9.5.3.2 Chemical: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.5.4 Paper
9.5.4.1 Overview
9.5.4.2 Paper: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.5.5 Metal
9.5.5.1 Overview
9.5.5.2 Metal: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.5.6 Food & Beverages
9.5.6.1 Overview
9.5.6.2 Food & Beverages: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.5.7 Others
9.5.7.1 Overview
9.5.7.2 Others: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.6 Light Manufacturing
9.6.1 Overview
9.6.2 Light Manufacturing: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.7 Utilities
9.7.1 Overview
9.7.2 Utilities: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.7.3 Grid
9.7.3.1 Overview
9.7.3.2 Grid: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.7.4 IPP
9.7.4.1 Overview
9.7.4.2 IPP: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.7.5 Others
9.7.5.1 Overview
9.7.5.2 Others: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.8 Biogas
9.8.1 Overview
9.8.2 Biogas: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.9 Datacenters
9.9.1 Overview
9.9.2 Datacenters: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.10 MUSH
9.10.1 Overview
9.10.2 MUSH: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
9.11 Commercial
9.11.1 Overview
9.11.2 Commercial: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
10. Gas Engines Market – Geographic Analysis
10.1 North America: Gas Engines Market
10.1.1 North America: Gas Engines Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2 North America: Gas Engines Market, by Fuel Type
10.1.3 North America: Gas engines Market, by Power Output
10.1.4 North America: Gas engines Market, by End-User
10.1.5 North America: Gas engines Market, by Key Country
10.1.5.1 US: Gas engines Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 US: Gas engines Market, by Fuel Type
10.1.5.1.2 US: Gas engines Market, by Power Output
10.1.5.1.3 US: Gas engines Market, by End-User
10.1.5.2 Canada: Gas engines Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 Canada: Gas engines Market, by Fuel Type
10.1.5.2.2 Canada: Gas engines Market, by Power Output
10.1.5.2.3 Canada: Gas engines Market, by End-User
10.1.5.3 Mexico: Gas engines Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Mexico: Gas engines Market, by Fuel Type
10.1.5.3.2 Mexico: Gas engines Market, by Power Output
10.1.5.3.3 Mexico: Gas engines Market, by End-User
11. Gas Engines Market - COVID-19 Impact Analysis
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 INNIO Jenbacher GmbH & Co OG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Caterpillar Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cummins Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fairbanks Morse, LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Kawasaki Heavy Industries, Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Liebherr
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 MAN SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Mitsubishi Heavy Industries, Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Wärtsilä Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 MTU (Rolls-Royce Power Systems AG)
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 2G ENERGY AG
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America: Gas Engines Market, By Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Gas Engines Market, By Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Gas engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Gas engines Market, by Remote – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Gas engines Market, by Heavy Industries– Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Gas engines Market, by Utilities– Revenue and Forecast to 2028 (US$ Million)
Table 7. North America: Gas engines Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Gas engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Gas engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Gas engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 11. US: Gas engines Market, by Remote – Revenue and Forecast to 2028 (US$ Million)
Table 12. US: Gas engines Market, by Heavy Industries– Revenue and Forecast to 2028 (US$ Million)
Table 13. US: Gas engines Market, by Utilities– Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Gas engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Gas engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada: Gas engines Market, by End-User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Canada: Gas engines Market, by Remote – Revenue and Forecast to 2028 (US$ Million)
Table 18. Canada: Gas engines Market, by Heavy Industries– Revenue and Forecast to 2028 (US$ Million)
Table 19. Canada: Gas engines Market, by Utilities– Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico: Gas engines Market, by Fuel Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Mexico: Gas engines Market, by Power Output – Revenue and Forecast to 2028 (US$ Million)
Table 22. Mexico: Gas engines Market, by End-User– Revenue and Forecast to 2028 (US$ Million)
Table 23. Mexico: Gas engines Market, by Remote – Revenue and Forecast to 2028 (US$ Million)
Table 24. Mexico: Gas engines Market, by Heavy Industries– Revenue and Forecast to 2028 (US$ Million)
Table 25. Mexico: Gas engines Market, by Utilities– Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. Gas Engines Market Segmentation
Figure 2. North America Gas Engine Market Overview
Figure 3. North America Gas Engines Market, By Power Output
Figure 4. North America Gas Engines Market, By Geography
Figure 5. North America – PEST Analysis
Figure 6. Gas Engines Market: Ecosystem Analysis
Figure 7. Gas Engine Market Impact Analysis of Drivers and Restraints
Figure 8. Geographic Overview of North America Gas Engines Market
Figure 9. Gas engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Gas Engines Market, by Fuel Type (2020 and 2028)
Figure 11. Natural Gas: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Special Gas: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Gas Engines Market, by Power Output (2020 and 2028)
Figure 14.–300 kW: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 15.–500kW: Gas Engines Market Revenue and Forecast To 2028 (US$ Million)
Figure 16. 0.5–1 MW: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. 1–2 MW: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. 2–5 MW: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. 5–10 MW: Gas Engines Market Revenue and Forecast to 2028 (US$ MN)
Figure 20.–20 MW: Gas Engines Market Revenue and Forecast to 2028 (US$ MN)
Figure 21. Gas Engines Market, by End User (2020 and 2028)
Figure 22. Remote: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Mining: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Drilling: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mid-Stream Oil and Gas: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Heavy Industries: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Chemical: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Paper: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Metal: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Food & Beverages: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Light Manufacturing: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Utilities: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 35. Grid: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. IPP: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 37. Others: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 38. Biogas: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 39. Datacenters: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 40. MUSH: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 41. Commercial: Gas Engines Market Revenue and Forecast to 2028 (US$ Million)
Figure 42. North America: Gas Engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. North America: Gas Engines Market Revenue Share, By Fuel Type (2020 and 2028)
Figure 44. North America: Gas Engines Market Revenue Share, By Power Output (2020 and 2028)
Figure 45. North America: Gas engines Market Revenue Share, by End-User (2020 and 2028)
Figure 46. North America: Gas engines Market Revenue Share, by Key Country (2020 and 2028)
Figure 47. US: Gas engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Canada: Gas engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Mexico: Gas engines Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Impact of COVID-19 Pandemic in North American Country
- INNIO Jenbacher GmbH & Co OG
- Caterpillar Inc.
- Cummins Inc.
- Fairbanks Morse, LLC
- Kawasaki Heavy Industries, Ltd.
- Liebherr; MAN SE
- Mitsubishi Heavy Industries, Ltd.
- Wärtsilä Corporation
- MTU (Rolls-Royce Power Systems AG)
- 2G ENERGY AG
- MAN SE
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America gas engine market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America gas engine market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.