Europe Natural Gas Engine Market – Industry Trends and Forecast to 2030

Europe Natural Gas Engine Market Analysis and Size

Over the past few years, various technological advancements have been producing better types of gas engines and it has immensely helped the gas engines market. The market is also occupying a huge place for clean and efficient power-developing technology, which will help to increase the growth of the market.

Data Bridge Market Research analyses that the natural gas engine market, valued at USD 9,532.23 million in 2022, will reach USD 15,078.64 million by 2030, growing at a CAGR of 5.9% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Natural Gas Engine Market Scope and Segmentation  

Market Definition

An internal combustion engine runs with the help of gaseous fuels such as coal gas, producer gas, biogas, landfill gas, and natural gas is a gas engine. Natural gas is also more effective and beneficial than gasoline in the cause of fuel efficiency. Natural gas content has lower hydrocarbon and a high octane rating, which helps engine combustion and performance.

Europe Natural Gas Engine Market Dynamics

Drivers

• High demand for clean and efficient power generation

Natural gas engines burn cleaner, without soot pollution of the engine oil in the crankcase. As compared to natural gas oil and coal-fired power plants, natural gas power plants produce less amount of carbon monoxide (CO), less amount of carbon dioxide (CO2), less amount Sulphur oxide (SO), and less amount of nitrogen oxide (NO). Natural gas power plants also have thermodynamic efficiency, as a result, the demand for natural gas engines has increased due to the advantages.

• Cost effective and easy to construct

Natural gas-fired power stations are preferred for their cost-effectiveness and ease of construction. Compared to other types of power plants, they require less capital investment, have shorter construction times, and lower operating costs. The availability of natural gas infrastructure also contributes to their appeal. These factors make natural gas-fired power stations a favorable choice for meeting energy demands efficiently and economically.

Opportunities

• Adoption of nature gas

Factors such as increasing concern about the environment and decreasing carbon releases create opportunities for the market players of natural gas engines in the forecast period of 2023 to 2030. Furthermore, the growing positive attitude towards gas-fired power plants and acceptance of natural gas as a change fuel will enlarge the upcoming growth of the natural gas engine market.

• Government support enhancing opportunities

Government support plays a crucial role in stimulating the growth of the natural gas engine market. Incentives such as tax credits, subsidies, and grants encourage the adoption of natural gas engines in various sectors, including transportation, power generation, and industrial applications. Government policies that prioritize clean energy and emissions reduction further drive the demand for natural gas engines. These supportive measures create opportunities for manufacturers and suppliers to expand their market presence and drive innovation in natural gas engine technologies.

Restraints/Challenges

• The unstable relation in geopolitical

The factors affecting the natural gas engine market is the trade war between the countries such as the US-China trade war, as well as Australia-China tensions, bad political relation and tensions between the CIS and certain European countries, and political complications among Russia and the European Union (EU) over the Ukraine issue, which are affecting the supply and pricing of natural gas, which is also projected to be a demerit for the natural gas engine market.

• Limited natural gas reserve

 The indiscretions in natural gas reserves are one of the major problems for the natural gas engine market which also increases the prices of natural gas which directly impact natural gas engine price. In instance, two-thirds of the global natural gas reserves are situated in the countries, such as Iran and Qatar.  Furthermore, the search and supply of maximum of the biosphere’s natural gas are concentrated in rare countries, which is further resulted in price variation for distributors, which can obligate the market growth of the natural gas engine market

This natural gas engine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the natural gas engine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

•  In September 2019, Cummins Inc., cooperated with Hyundai Motor Company on Hydrogen Fuel Cell Technology. The partnership assistances the company to upsurge their manufacture line and produces income of the business in the future.
• In September 2021, The Government of Gabon had contracted a Concession Agreement with Wärtsilä (Finland) and Gabon Power Company (GPC), a lesser of the Independent Fund of the Gabonese Republic (FGIS), for the growth, supply, building, operation, and upkeep of a 120 MW gas power plant. This development will aid to adjacent the gap, and around 600,000 people will benefit from a more reliable and cost-effective electrical supply transported to SEEG.

Europe Natural Gas Engine Market Scope

The natural gas engine market is segmented on the basis of engine family, power output, application horsepower, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Engine Family

• Spark Ignited Engines
• Dual Fuel Type Engine
• High Pressure Direct Engines

 Power Output

• 500 KW – 800 KW
• 1000 KW – 2000 KW
• 3000 KW – 4500 KW

Application

• Natural Gas Gensets,
• Natural Gas Automotive
• Decentralized Energy Generation

Horsepower

• Up to 1,000 HP
• 1,000-2,000 HP
• Above 2,000 HP

End User

• Utilities
• Marine
• Oil and Gas
• Manufacturing
• Commercial Complexes
• Wastewater Treatment Plants
• Hospitals
• Greenhouse Operators

Natural Gas Engine Market Regional Analysis/Insights

The natural gas engine market is analysed and market size insights and trends are provided by country, engine family, power output, application horsepower, end user referenced above.

 The countries covered in the natural gas engine market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe.

The dominance of the U.K. in the European natural gas engine market can be attributed to the high demand for low-sound production engines among manufacturers in the region. The U.K.'s focus on noise reduction aligns with the growing need for quieter and more environmentally friendly engines

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Natural Gas Engine Market Share Analysis

The natural gas engine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to natural gas engine market.

Some of the major players operating in the natural gas engine market are:

• Siemens (Germany)
• Cummins Inc (U.S.)
• MITSUBISHI HEAVY INDUSTRIES, LTD (Japan)
• INNIO (Austria)
• Doosan Corporation (South Korea)
• Wärtsilä (Finland)
• Langley Holdings Company(Norway)
• Caterpillar (U.S.)
• JFE Engineering Corporation (Japan)
• Kawasaki Heavy Industries, Ltd (Japan)
• Westport Fuel Systems Inc (Canada)
• YANMAR HOLDINGS CO., LTD (Japan)
• DEUTZ Corporation(Germany)
• IHI Corporation(Japan)
• MAN Energy Solutions SE (Germany)
• Wärtsilä (Finland)
• Caterpillar (U.S.)
• Rolls-Royce Power Systems AG (Germany)
• Rolls-Royce plc (Austria)
• Cummins Inc (U.S.)
• Doosan Infracore Co., Ltd. (South Korea)
• DEUTZ AG (Germany)
• MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)

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