(MENAFN Editorial) iCrowdNewswire - Nov 20, 2017
is analysed by industry experts, to help produce maximum returns-on-investment as it provides clarity required to make informed business decisions. This research will help both established and new entrants to identify and analyse the market need, market size and competition. It explains supply and demand situation, competitive scenario, challenges to market growth, market opportunities and threats faced by the key vendors. Industry experts project Gas Engine market to grow at a CAGR of 7.58% during the period 2017-2021.
A gas engine is a type of internal combustion engine that uses different types of fuel to generate motive power. Natural gas is the most commonly used fuel in a gas engine. After the engine generates enough high temperature and high pressure, force is applied by the engine. This force moves the piston thus creating mechanical energy from chemical energy. The diesel engine is a substitute of a gas engine.
Firstly, the Gas Engine market research report provides a basic overview of the industry including definitions, market status and industry chain structure. The Gas Engine market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status. What's more, the Gas Engine industry development trends and growth patterns are analyzed.
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Gas Engine market potential is analysed for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, demand and present scenarios in Gas Engine industry. To determine the Gas Engine market size the report considers detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Further the Gas Engine market report focuses on global major leading industry players with information. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Gas Engine market space like Caterpillar, GE, Kawasaki Heavy Industries, Rolls-Royce, Cummins and many more.
Gas Engine Market Drivers, Challenges and Trends: –
Gas Engine Market Driver: – one driver in market is increase in electricity demand. In 2020, the consumption of electricity is expected to increase by around 19% when compared with 2012 estimates. Electricity is the most commonly used form of energy consumption. One of the major uses of gas engines is electricity generation. With the changes in globalization and urbanization, lifestyle and work culture across sectors have changed. Application of electricity has risen. Households have increased consumption of electrical appliances. Manufacturing and production processes have been mechanized and less labor-intensive. Gradually, vehicles that have new technology and are electrically driven are also being implemented. With the rise in demand for electricity, the need for gas engines that generate electricity is also increasing.
Gas Engine Market Challenge: – one challenge in market is irregularities in natural gas reserves and supplies. Natural gas is being preferred in new power generation capacities in sync with the growing demand for gas engines. However, the irregularity in global natural gas reserves is expected to affect the use of natural gas and reduce the demand for gas engines. According to BP, two-thirds of the global natural gas reserves are located in the former Soviet Union countries, such as Iran and Qatar. The natural gas production has increased in the US due to the shale gas upsurge in the country. The US and Russia accounted for about 40% of the global natural gas production in 2014. The US and Eurasia accommodate about half of the global natural gas-powered capacities.
Gas Engine Market trend: – One trend in market is emergence of dual-fuel engines. Dual fuel engines use two types of fuels during operation. Such engines can switch between the fuels so that they use the most efficient one for any condition. Usually, the engine starts by using diesel and later add natural gas, which ignites quickly, thus helping in starting the engine. Natural gas is introduced into the system, after which the air-to-gas ratio is drawn into the cylinder with the minimal air-to-fuel ratio. Natural gas replaces fuel in a 50%-70% substitution rate. Toward the end of compression, diesel is injected, and this ignites and helps the natural gas to burn
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Market segmentation by end-user:- Power sector, Industrial sector, Residential sector, Commercial sector ; Geographic Segmentation: – Americas, APAC, EMEA
The objective of this Gas Engine market research report is: –
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