PUNE, India, September 7, 2016 /PRNewswire/ --
The report "Gas Engines Market by Fuel (Natural Gas and Special Gas), Application (Power and Co-generation), End User (Utilities, Oil & Gas and Manufacturing), Power (0.5-1MW, 1 -2MW, 2-5MW, 5-10MW, and 10-20MW) & By Region - Global Forecast to 2021" published by MarketsandMarkets, The market is expected to grow from an estimated USD 3.22 Billion in 2016 to USD 4.54 Billion by 2021, registering a CAGR of 6.9% from 2016 to 2021.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 74 market data Tables and 54 Figures spread through 180 Pages and in-depth TOC on "Gas Engines Market - Global Forecast to 2021"
http://www.marketsandmarkets.com/Market-Reports/gas-engine-market-54641802.html
Early buyers will receive 10% customization on this report.
The global market is witnessing significant growth on account of the decline in natural gas prices, increase in electricity demand, and low emission levels of the gas compared to other fossil fuels. Increasing investments in distributed power generation are also expected to drive the demand for gas engines across the globe.
Electricity generation segment is expected to hold the largest share in the Gas Engines Market, by application, during the forecast period
The electricity generation segment led the overall Gas Engines Market in 2015, owing to the increasing electricity demand across the globe. However, the co-generation application is expected to register a higher growth rate during the forecast period. Although the initial cost of gas engines used for co-generation applications is high, the efficiency of the power plant is nearly double that of gas engines used for electricity generation purposes.
Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=54641802
Natural gas to be the dominant fuel type in the global Gas Engines Market
Natural gas-fired engines are expected to dominate the global Gas Engines Market during the forecast period, and are expected to constitute the fastest growing segment, by fuel type. The recent shale gas boom resulted in a fall in natural gas prices across the globe. The low cost and emissions of natural gas compared to other fossil fuels is a key driver of the natural gas-fired Gas Engines Market.
Europe: The leading market for gas engines
In this report, the Gas Engines Market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Europe is expected to dominate the global Gas Engines Market, given the growing environmental concerns and rigid emission regulations in the region. It is closely followed by North America.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Gas Engines Market. These players include General Electric Company (U.S.), Wartsila Corporation (Finland), Caterpillar Inc. (U.S.), Rolls-Royce Holdings plc (U.K.), MAN SE (Germany), Cummins Inc. (U.S.), Deutz AG (Germany), Doosan Infracore (South Korea), and Kawasaki Heavy Industries, Ltd. (Japan). Leading players are trying to penetrate developing economies and are adopting various strategies to increase their market share.
Browse Related Reports:
Generator Sales Market by Type (Diesel And Gas), by Power Rating (Below 100 kVA, 100-350 kVA, 350-1000 kVA, Above 1000 kVA), by Application (Standby, Prime Or Continuous Power, Peak Shaving), by End User (Industrial, Commercial, and Residential), & by Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/generator-sales-market-47544335.html
Gas Turbines Market by Design Type (Heavy Duty & Aeroderivative), Rated Capacity (1-40 MW,40-120 MW,120-300 MW, & Above 300 MW), Application (Oil & Gas, Power & Other), Technology (Open Cycle & Combined Cycle), and Region - Forecast and Trends to 2020
http://www.marketsandmarkets.com/Market-Reports/gas-turbines-market-94641697.html
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article