Gas Engine Market Progresses for Huge Profits During 2017 to 2022

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Gas Engine Market by Fuel Type, Application,
End-User, Power Output, and Region - Global
Forecast to 2022
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The Gas Engine Market is expected to grow from an
estimated USD 3.54 Billion in 2017 to USD 4.76
Billion by 2022, at a CAGR of 6.12, during 2017
to 2022. Europe is estimated to be the largest
gas engine market, by region, followed by North
America. This trend is expected to continue
during the forecast period. The growth of the gas
engine market is driven globally by the rising
demand for power generation from different
industrial and commercial consumers which mainly
include emergency power and Combined Heat and
Power (CHP) applications. The other key growth
factors that drive the gas engines market is the
decreased natural gas prices along with the shift
from using conventional fossil fuel such as coal,
crude oil to natural gas, biogas as primary
source of clean power generation. Don't miss
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Gas Engine Market segmented by end user into
Utilities, manufacturing, oil gas, and others
which include commercial complex, hospitals,
wastewater treatment plants and greenhouse. The
utilities segment is leading the gas engine
market. Utilities mainly deploy the gas engines
for the base load and peak load power generation.
Falling natural gas prices and improved natural
gas distribution network are driving the growth
of the utilities segment. Browse and in-depth
TOC on "Gas Engine Market"   70 - Tables  46 -
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Power generation is leading the global gas engine
market and trend is expected to continue during
the forecast period. Manufacturing plants,
commercial buildings, public buildings, and
utilities are mainly deploys gas engine for power
generation application. The gas engines are
suitable for base load, grid support, combined
cycle, peak shaving, and distributed power
generation applications. The market for gas
engine for power generation is mainly driven by
the growing demand for global power requirement,
especially in regions such as Europe, the
Americas and Asia Pacific. Co-generation
application segment is expected to grow at high
CAGR during the forecast period. The growth of
co-generation application is mainly attributed to
the increasing installed capacity of gas fueled
CHP power plants in cold climate
countries. Request for Customization
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Europe The largest market for gas engine The
European market is currently the largest gas
engine market, followed by the markets in North
America, Asia Pacific, and the Middle East
Africa. The European market is projected to grow
at a higher rate due to stringent environmental
norms which led to the use of renewable resources
such biogas, landfill gas, and sewer gas for
power generation. The second key factor that
would drive the European market is attractive
policy offerings by the European Union for the
development of gas-fired power plants, especially
special gas power plants.   Request for Free
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• Target Audience
• The reports target audience includes
• Gas engine manufacturing companies
• Raw material suppliers
• Institutional investors
• Associations
• Government and research organizations
• National and local government organizations
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• Key players
• The gas engine market is dominated by a few major
  players that have a wide regional presence and
  are established brand names. The leading players
  in the Gas Engine Market include
• General Electric Company (US),
• Caterpillar, Inc. (US),
• Wärtsilä Corporation (Finland),
• Rolls-Royce Holdings plc (UK), and
• Cummins Inc. (US), etc.
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