Gas Engine Market in North America: USD 468.61 Mn incremental growth expected between 2021 and 2026

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- The "Gas Engine Market in North America by End-user, Application, and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the gas engine market between 2021 and 2026 is USD 468.61 million.

Factors such as the increase in business activities, and the development of modernized public and private infrastructure have significantly contributed to the growth of the commercial sector in North America. Similarly, the residential sector has been witnessing steady growth over the years with increasing disposable income, an increase in lending activities, and the recovery of the housing market in the region. The growth of these sectors has subsequently increased the dependence on third-party power suppliers to avoid power cuts during critical times. Many such factors are expected to create significant growth opportunities for vendors operating in the market. Download PDF Report Sample

• Market Driver
• Market Challenges

The increasing demand for efficient heat and power generation in North America and the abundant availability of natural gas in North America are some of the key market drivers. However, the presence of close substitutes will challenge market growth.

The gas engine market report is segmented by application (power generation, co-generation, and others), end-user (power, industrial, residential, and commercial), and geographic (North America).

By application, the market will observe significant growth in the power-generating segment during the forecast period. The segment is driven by the increasing demand for gas engines for power generation or standby power systems by various end-users, including power plant operators (utilities), industrial, commercial, and residential end-users.

Similarly, the power industry will emerge as the prime end-users for gas engines in North America over the forecast period. The replacement of a significant number of coal-fired power plants with natural gas-fired power plants is fostering the growth of the segment. Also, the abundant availability and low prices of natural gas are contributing to the growth of the segment.

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• Caterpillar Inc.: The company offers gas engines such as G12CM34 gas engines.
• China National Petroleum Corp.: The company offers oilfield services, petroleum engineering and construction, equipment manufacturing, financial services, and new energy development.
• Cummins Inc.: The company offers gas engines such as Cummins X15N engines.
• Fairbanks Morse LLC: The company offers engines, power systems, and control solutions for marine vessels along with related parts and services.
• INNIO Jenbacher GmbH and Co. OG: The company offers gas engines such as J208 and J920 FleXtra gas engines.
• China Yuchai International Ltd.
• DEUTZ AG
• HD Hyundai Co.Ltd.
• IHI Corp.
• JFE Engineering Corp.
• Kawasaki Heavy Industries Ltd.
• Kohler Co.
• Liebherr International AG
• MAN Energy Solutions SE
• Mitsubishi Heavy Industries Ltd.
• R Schmitt Enertec GmbH
• Rolls Royce Holdings Plc
• Siemens AG
• Westport Fuel Systems Inc.
• Yanmar Holdings Co. Ltd.

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Data Table on Incremental Growth
• Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 08: Parent market
• Exhibit 09: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 10: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 11: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 12: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 13: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Chart on North America: Year-over-year growth 2021-2026 (%)
• Exhibit 15: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 16: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 17: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 18: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 19: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 20: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 21: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 22: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 23: Chart on Application - Market share 2021-2026 (%)
• Exhibit 24: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 25: Chart on Comparison by Application
• Exhibit 26: Data Table on Comparison by Application

• 5.3 Power generation - Market size and forecast 2021-2026
• Exhibit 27: Chart on Power generation - Market size and forecast 2021-2026 ($ million)
• Exhibit 28: Data Table on Power generation - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Chart on Power generation - Year-over-year growth 2021-2026 (%)
• Exhibit 30: Data Table on Power generation - Year-over-year growth 2021-2026 (%)

• 5.4 Co-generation - Market size and forecast 2021-2026
• Exhibit 31: Chart on Co-generation - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Data Table on Co-generation - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Chart on Co-generation - Year-over-year growth 2021-2026 (%)
• Exhibit 34: Data Table on Co-generation - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026
• Exhibit 35: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 36: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 38: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Application 
• Exhibit 39: Market opportunity by Application ($ million)

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 40: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 41: Data Table on End-user - Market share 2021-2026 (%)

• 6.2 Comparison by End-user 
• Exhibit 42: Chart on Comparison by End-user
• Exhibit 43: Data Table on Comparison by End-user

• 6.3 Power - Market size and forecast 2021-2026
• Exhibit 44: Chart on Power - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Power - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Power - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Power - Year-over-year growth 2021-2026 (%)

• 6.4 Industrial - Market size and forecast 2021-2026
• Exhibit 48: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 49: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 50: Chart on Industrial - Year-over-year growth 2021-2026 (%)
• Exhibit 51: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

• 6.5 Residential - Market size and forecast 2021-2026
• Exhibit 52: Chart on Residential - Market size and forecast 2021-2026 ($ million)
• Exhibit 53: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
• Exhibit 54: Chart on Residential - Year-over-year growth 2021-2026 (%)
• Exhibit 55: Data Table on Residential - Year-over-year growth 2021-2026 (%)

• 6.6 Commercial - Market size and forecast 2021-2026
• Exhibit 56: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
• Exhibit 57: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
• Exhibit 58: Chart on Commercial - Year-over-year growth 2021-2026 (%)
• Exhibit 59: Data Table on Commercial - Year-over-year growth 2021-2026 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 60: Market opportunity by End-user ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 62: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 63: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 64: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 65: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 66: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 67: Matrix on vendor position and classification

• 10.3 Caterpillar Inc. 
• Exhibit 68: Caterpillar Inc. - Overview
• Exhibit 69: Caterpillar Inc. - Business segments
• Exhibit 70: Caterpillar Inc. - Key offerings
• Exhibit 71: Caterpillar Inc. - Segment focus

• 10.4 Cummins Inc. 
• Exhibit 72: Cummins Inc. - Overview
• Exhibit 73: Cummins Inc. - Business segments
• Exhibit 74: Cummins Inc. - Key offerings
• Exhibit 75: Cummins Inc. - Segment focus

• 10.5 HD Hyundai Co.Ltd. 
• Exhibit 76: HD Hyundai Co.Ltd. - Overview
• Exhibit 77: HD Hyundai Co.Ltd. - Business segments
• Exhibit 78: HD Hyundai Co.Ltd. - Key news
• Exhibit 79: HD Hyundai Co.Ltd. - Key offerings
• Exhibit 80: HD Hyundai Co.Ltd. - Segment focus

• 10.6 INNIO Jenbacher GmbH and Co. OG 
• Exhibit 81: INNIO Jenbacher GmbH and Co. OG - Overview
• Exhibit 82: INNIO Jenbacher GmbH and Co. OG - Product / Service
• Exhibit 83: INNIO Jenbacher GmbH and Co. OG - Key offerings

• 10.7 Kawasaki Heavy Industries Ltd. 
• Exhibit 84: Kawasaki Heavy Industries Ltd. - Overview
• Exhibit 85: Kawasaki Heavy Industries Ltd. - Business segments
• Exhibit 86: Kawasaki Heavy Industries Ltd. - Key news
• Exhibit 87: Kawasaki Heavy Industries Ltd. - Key offerings
• Exhibit 88: Kawasaki Heavy Industries Ltd. - Segment focus

• 10.8 Liebherr International AG 
• Exhibit 89: Liebherr International AG - Overview
• Exhibit 90: Liebherr International AG - Product / Service
• Exhibit 91: Liebherr International AG - Key news
• Exhibit 92: Liebherr International AG - Key offerings

• 10.9 MAN Energy Solutions SE 
• Exhibit 93: MAN Energy Solutions SE - Overview
• Exhibit 94: MAN Energy Solutions SE - Product / Service
• Exhibit 95: MAN Energy Solutions SE - Key offerings

• 10.10 Mitsubishi Heavy Industries Ltd. 
• Exhibit 96: Mitsubishi Heavy Industries Ltd. - Overview
• Exhibit 97: Mitsubishi Heavy Industries Ltd. - Business segments
• Exhibit 98: Mitsubishi Heavy Industries Ltd. - Key news
• Exhibit 99: Mitsubishi Heavy Industries Ltd. - Key offerings
• Exhibit 100: Mitsubishi Heavy Industries Ltd. - Segment focus

• 10.11 Siemens AG 
• Exhibit 101: Siemens AG - Overview
• Exhibit 102: Siemens AG - Business segments
• Exhibit 103: Siemens AG - Key news
• Exhibit 104: Siemens AG - Key offerings
• Exhibit 105: Siemens AG - Segment focus

• 10.12 Yanmar Holdings Co. Ltd. 
• Exhibit 106: Yanmar Holdings Co. Ltd. - Overview
• Exhibit 107: Yanmar Holdings Co. Ltd. - Product / Service
• Exhibit 108: Yanmar Holdings Co. Ltd. - Key news
• Exhibit 109: Yanmar Holdings Co. Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 110: Inclusions checklist
• Exhibit 111: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 112: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 113: Research methodology
• Exhibit 114: Validation techniques employed for market sizing
• Exhibit 115: Information sources

• 11.5 List of abbreviations 
• Exhibit 116: List of abbreviations

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