The Global Natural Gas Engines Market size is projected to grow from $3.6 billion in 2021 to $X.X billion by 2028, at a CAGR of 9%. The key factors driving this growth are the increasing demand for natural gas as an alternative fuel and the growing number of diesel engine vehicles being replaced with cleaner-running ones.
A natural gas engine is a type of internal combustion engine that uses methane as the fuel to run. They are different from gasoline engines, diesel engines, and hydrogen-fueled piston engines in their way of operating. Unlike other types where they have spark plugs for ignition, these ones use compression only to start up a cycle which then runs on its own. Natural gas engines are also known as spark ignition engines and they rely on the compression of fuel to create a powerful explosion that is used for power generation. Natural gas emits fewer greenhouse gases than other fossil fuels, such as diesel or gasoline. Additionally, natural gas is easily accessible and widely available to power equipment that has an onboard engine (like the ones listed above), which makes it a better choice of fuel for smaller equipment.
On the basis of Type, the global natural gas engines market is segmented into External-mix Natural Gas Engine, Internal-mix Natural Gas Engine
The external-mix natural gas engine is a form of combustion that produces high power levels. The engine design allows for multiple cylinders to be placed on the same side, which reduces the weight and length of the overall structure of the generator. External mix engines are also more efficient than other types because they use spark plugs rather than fuel injectors to ignite the natural gas fuel. The external-mix natural gas engine is designed in such a way that the combustion of fuel takes place outside the cylinder. The energy required to power up an automobile can be produced by this type of engine and it comes with a high torque value which helps in reducing stress on gearbox mechanisms during acceleration or deceleration processes. It also reduces stress on the engine and clutch mechanisms.
Internal-mix Natural Gas Engine is a type of internal combustion engine that uses natural gas as the primary energy source. It operates by using either compressed air or steam in order to power an expansion unit, which drives and powers the pistons and other mechanisms in the engine. The two main advantages associated with this type of engine are lower carbon dioxide emissions and higher fuel efficiency.
The internal mix of natural gas engines has a design that is similar to conventional petrol or diesel engines, but this type utilizes compressed natural gas as its fuel source instead of gasoline or diesel. It has valves that control both intake and exhaust processes whereas the intake and exhaust happen in a single stroke. The natural gas is allowed to expand across the entire cylinder as it burns, then half of the products are pushed into the combustion chamber whereas the other half goes through an open valve for exhaust.
On the basis of Application, the global natural gas engines market is segmented into Automotive and Others.
Natural gas engines are used in the automotive industry for a number of purposes. In particular, they can be used to power both heavy and light vehicles including cars, trucks, and buses. Natural gas engines are mainly used in heavy vehicles because of their low emission rate. Vehicles that are powered by natural gas have a longer lifespan than other types of vehicle power systems. This makes it an ideal choice for industries where large trucks run on highways every day. It also has high demand among truckers looking for more fuel-efficient engines.
On the basis of Region, the global natural gas engines market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The natural gas engines market in North America is expected to witness significant growth, owing to the growing demand for alternative fuels such as natural gas. Factors such as stringent legislation governing the use of diesel and gasoline-powered vehicles are fueling the demand for natural gas engines in heavy-duty trucks and public transportation buses. These factors will drive the adoption of these engines in the region. Europe is expected to be one of the key markets for natural gas engines, owing to increasing demand from agro and construction industries. Growing awareness about alternative fuels such as liquid petroleum gas (LPG) and compressed natural gas among end-users will drive its demand; this factor will result in a significant rise in sales of natural gas engines in the region.
Asia-Pacific is anticipated to be the largest market for natural gas engines in terms of volume and revenue, with China alone accounting for more than 50% of total demand. The high growth rate can be attributed to factors such as increasing government policies on fuel efficiency; stringent emission control norms; a great number of automotive applications including cars, trucks, buses, and construction equipment; and growing industrial manufacturing, particularly in the oil & gas industry. The market status of natural gas engines in the Middle East & Africa is growing at a significant rate. The increasing demand for compressed natural gas (CNG) vehicles, along with stringent emission norms across countries are driving the growth of this industry in this region.
The factors driving the growth of The global natural gas engines market are increasing demand for fuel-efficient solutions, technological advancement. One of the key factors contributing to this market growth is increased use in various applications due to its higher calorific value and high octane number compared with other alternative fuels such as LPG and gasoline. Furthermore, the factors driving the growth in the global natural gas engines market are the growing concern for sustainable development and rising environmental pollution.
Up Market Research published a new report titled “Natural Gas Engines Market research report which is segmented by Types (External-mix Natural Gas Engine, Internal-mix Natural Gas Engine), By Applications (Automotive, Construction, Agriculture, Industrial), By Players/Companies Cummins, Cummins Westport, Westport Power, Weichai Westport Inc. (WWI), Caterpillar, General Electric, Siemens”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Natural Gas Engines Market Research Report|
|By Type||External-mix Natural Gas Engine, Internal-mix Natural Gas Engine|
|By Application||Automotive, Construction, Agriculture, Industrial|
|By Companies||Cummins, Cummins Westport, Westport Power, Weichai Westport Inc. (WWI), Caterpillar, General Electric, Siemens|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||229|
|Number of Tables & Figures||161|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type External-mix Natural Gas Engine, Internal-mix Natural Gas Engine and By Application Automotive, Construction, Agriculture, Industrial.
Some of the companies that are profiled in this report are:
Natural Gas Engines Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Natural Gas Engines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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