가스 엔진 시장 보고서 : 연료 유형, 출력, 용도, 업계별, 지역별(2025-2033년)

The global gas engine market size reached USD 5.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.9% during 2025-2033. The increasing use of hybrid systems that combine gas engines with renewable sources, rising need for uninterrupted power supply, and the growing number of data centers are some of the major factors propelling the market.

Gas Engine Market Analysis:

Major Market Drivers: Increasing demand for clean energy sources, the abundant availability of natural gas, growing adoption of gas engines in industrial applications and power generation, rapid technological advancements in gas engine efficiency, and stringent environmental regulations are the major drivers for gas engine market.

Key Market Trends: Key trends in the gas engine market include a shift towards high-efficiency, low-emission engines, increasing use of biogas and hydrogen fuels, and integration of IoT technology for performance monitoring and predictive maintenance. There is also a growing focus on hybrid power systems combining gas engines with renewable energy sources.

Geographical Trends: North America is leading the gas engine market due to the presence of advanced gas infrastructure, significant investments in energy-efficient power generation, abundant natural gas reserves, and the region's commitment to renewable energy integration.

Competitive Landscape: Some of the major market players in the Gas Engine industry include Caterpillar Inc., China Yuchai International Limited, Cummins Inc., Doosan Corporation, General Electric Company, Hyundai Heavy Industries Co. Ltd., JFE Holdings Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Siemens AG, Volkswagen AG, and Wartsila Oyj Abp, among many others.

Challenges and Opportunities: Challenges in the gas engine market include stringent environmental regulations and competition from alternative renewable technologies. Opportunities arise from the increasing demand for sustainable energy solutions and the potential for gas engines to integrate with hybrid systems, offering cleaner, more efficient energy production in diverse applications.

Gas Engine Market Trends:

Rapid Industrialization

One of the primary factors driving the demand for gas engines is the rapid pace of industrialization worldwide. As developing countries seek to modernize, their energy requirements are surging. Gas engines, known for their reliability and efficiency, are often the go-to solution for power generation in industrial settings. They offer a robust and flexible way to meet fluctuating energy needs. Moreover, gas engines can run on a variety of fuels, including natural gas, making them a versatile choice for diverse industries, such as manufacturing, petrochemicals, and textiles. According to a report by the US Energy Information Administration, the total electricity consumption in the United States in 2022 was about 4.07 trillion kWh, an increase of 2.6% compared to the previous year. Furthermore, it is forecasted that the energy consumption will experience a 2% increase in 2024 from 2023, with the highest consumption anticipated from the residential sector with a 4% rise.

Rise in Environmental Concerns

With the growing awareness about climate change, there is an increase in the shift towards cleaner energy options. According to IPCC's Sixth Assessment Report on the Physical Basis of Climate Change, burning fossil fuels add about 11 billion metric tons of carbon to the atmosphere each year. Similarly, another data provided by the 2023 Global Climate Report from NOAA National Centers for Environmental Information, stated that the combined ocean and land temperature increases at an average rate of 0.20 degree Celsius per decade. Moreover, every month of 2023 ranked among the 7 warmest for that month with global temperatures for July, August, and September reaching 1.0 degree Celsius above the long-term average. Gas engines emit fewer greenhouse gases as compared to traditional coal-fired or oil-based power generation systems. This makes them a more environment friendly choice for meeting energy needs. The adoption of strict emission regulations by governments worldwide further pushes industries and power plants toward gas engines, boosting their demand.

Growing Energy Security

Dependence on a single source or type of energy can pose risks to a country's energy security. Gas engines offer an alternative to diversify the energy mix, which reduces reliance on imported oil or centralized power grids. Natural gas is abundant and can be sourced domestically or regionally, which contributes to energy security and stability. This has led to increased investment in gas engine technologies, thereby further driving demand. According to the Global Energy Monitor, over 748 gigawatts (GW) of natural gas power plants are in pre- and construction phases, costing around US$ 601 billion in capital expenditure. For instance, in November 2022, Wartsila received an order for two 34SG gas engines by the Tamilnadu Petroproducts Limited (TPL) for 15.5 MW captive power plant in Chennai, India.

Gas Engine Market Segmentation:

Breakup by Fuel Type:

• Natural Gas
• Special Gas
• Others

Natural gas dominates the market

Natural gas is one of the commonly used fuels for gas engines. Composed primarily of methane, it is a naturally occurring fossil fuel that is extracted from underground reserves. Natural gas engines are known for their efficiency and reduced emissions as compared to engines running on gasoline or diesel. According to the Ministry of Petroleum and Natural Gas, as of 2023, India's share of natural gas in energy basket is 6.7%. The government has set a target to raise the share of natural gas in energy mix to 15% in 2030. Such policy-level initiatives are likely to boost the natural gas sector.

Breakup by Power Output:

• 0.5-1 MW
• 1-2 MW
• 2-5 MW
• 5-10 MW
• 10-20 MW

1-2 MW holds the largest share in the market

Engines with a power output of 1-2 MW are used in applications that require a moderate amount of power. These are commonly found in medium-sized manufacturing facilities, large commercial buildings, and small-scale power plants. They are versatile and can be used either as the main power source or as a backup.

Breakup by Application:

• Mechanical Drive
• Power Generation
• Cogeneration
• Others

Power generation dominates the market

One of the most common applications of gas engines is in power generation. These engines are used to generate electricity, either as the main power source or as backup generators for commercial buildings, industrial facilities, and residential areas. For instance, in October 2021, Briggs & Stratton launched Vanguard 400 series engines designed to deliver dependable power for various commercial and industrial equipment. In another example, in April 2021, Northern Tool + Equipment Co., a US-based tool retail company, acquired Jack's Small Engines, a family-owned small engine parts and outdoor power equipment parts company. This acquisition enhances Northern Tool + Equipment Co. 's capabilities in tools, equipment, engines, and maintenance services, consolidating its position in the market.

Breakup by Industry Vertical:

• Utilities
• Manufacturing
• Oil and Gas
• Mining
• Others

Utilities dominate the market

In the utilities sector, gas engines play a pivotal role in power generation. They are commonly used in both centralized and decentralized energy systems. Smaller engines may serve as backup generators for residential and commercial buildings, while larger engines with outputs in the megawatt range can be employed in utility-scale power plants. Gas engines are valued for their efficiency, lower emissions, and capability to quickly ramp up or down based on energy demand.

Breakup by Region:

• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

North America exhibits a clear dominance, accounting for the largest gas engine market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The increasing extraction of shale gas represents one of the primary factors driving the demand for gas engines in the North American region. Moreover, the rising environmental awareness and stricter governmental policies on emissions are driving the demand for cleaner energy solutions like gas engines in the region. Besides this, the growing demand for reliable and efficient power is influencing the market positively. In addition to this, key players are expanding significantly in the region. For instance, Cummins Inc. announced in 2024 that its new 15-liter natural gas engine designed for heavy-duty and on-highway applications could lead to a 5-fold growth in customers for the alternative powertrain. It overcomes complaints about low power and torque and can run on potentially net-zero carbon renewable natural gas (RNG), as stated by its North America region Company Head.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the gas engine industry include Caterpillar Inc., China Yuchai International Limited, Cummins Inc., Doosan Corporation, General Electric Company, Hyundai Heavy Industries Co. Ltd., JFE Holdings Inc., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce plc, Siemens AG, Volkswagen AG, and Wartsila Oyj Abp, among many others.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

The leading companies are integrating turbochargers that allow for more air to be compressed and mixed with fuel, which leads to more powerful combustion and results in higher power output from a smaller engine size, effectively improving fuel efficiency. They are also equipped with advanced electronic control units (ECUs) that offer precise control over various engine parameters like fuel injection, air-to-fuel ratio, and ignition timing and improve performance, reduce fuel consumption, and enable easier diagnostics and maintenance. Moreover, key players are developing hybrid gas engines that are designed to work in tandem with renewable energy sources, such as solar or wind power. These hybrid systems can switch between power sources as needed, which ensures constant energy supply while reducing the overall carbon footprint. For instance, in February 2021, TMH International, a Switzerland-based railroad equipment manufacturing company, acquired Rolls-Royce's Bergen Engines medium-speed gas and diesel engines business for $163 million.

Key Questions Answered in This Report

• 1.How big is the gas engine market?
• 2.What is the future outlook of gas engine market?
• 3.What are the key factors driving the gas engine market?
• 4.Which region accounts for the largest gas engine market share?
• 5.Which are the leading companies in the global gas engine market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Gas Engine Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Fuel Type

• 6.1 Natural Gas
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Special Gas
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Others
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Power Output

• 7.1 0.5-1 MW
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 1-2 MW
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 2-5 MW
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 5-10 MW
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 10-20 MW
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by Application

• 8.1 Mechanical Drive
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Power Generation
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Cogeneration
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Others
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Industry Vertical

• 9.1 Utilities
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Manufacturing
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Oil and Gas
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Mining
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Others
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia-Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 Caterpillar Inc.
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
    • 15.3.1.3 Financials
    • 15.3.1.4 SWOT Analysis
  • 15.3.2 China Yuchai International Limited
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
    • 15.3.2.3 Financials
  • 15.3.3 Cummins Inc.
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
    • 15.3.3.3 Financials
    • 15.3.3.4 SWOT Analysis
  • 15.3.4 Doosan Corporation
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
    • 15.3.4.3 Financials
  • 15.3.5 General Electric Company
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
    • 15.3.5.3 Financials
    • 15.3.5.4 SWOT Analysis
  • 15.3.6 Hyundai Heavy Industries Co. Ltd.
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
  • 15.3.7 JFE Holdings Inc.
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.3 Financials
    • 15.3.7.4 SWOT Analysis
  • 15.3.8 Kawasaki Heavy Industries Ltd.
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
    • 15.3.8.3 Financials
    • 15.3.8.4 SWOT Analysis
  • 15.3.9 Mitsubishi Heavy Industries Ltd.
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
    • 15.3.9.3 Financials
    • 15.3.9.4 SWOT Analysis
  • 15.3.10 Rolls-Royce plc
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
    • 15.3.10.3 Financials
    • 15.3.10.4 SWOT Analysis
  • 15.3.11 Siemens AG
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio
    • 15.3.11.3 Financials
    • 15.3.11.4 SWOT Analysis
  • 15.3.12 Volkswagen AG
    • 15.3.12.1 Company Overview
    • 15.3.12.2 Product Portfolio
    • 15.3.12.3 Financials
    • 15.3.12.4 SWOT Analysis
  • 15.3.13 Wartsila Oyj Abp
    • 15.3.13.1 Company Overview
    • 15.3.13.2 Product Portfolio
    • 15.3.13.3 Financials
    • 15.3.13.4 SWOT Analysis