How big is the Gas Engine Market?

The Gas Engine Market size is expected to reach USD 5.91 billion in 2024 and grow at a CAGR of 5.74% to reach USD 7.81 billion by 2029. Read More

What is the current Gas Engine Market size?

In 2024, the Gas Engine Market size is expected to reach USD 5.91 billion. Read More

Who are the key players in Gas Engine Market?

Wartsila Oyj Abp, Rolls-Royce Holdings PLC, Caterpillar Inc., Cummins Inc. and General Electric Company are the major companies operating in the Gas Engine Market. Read More

Which is the fastest growing region in Gas Engine Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Gas Engine Market?

In 2024, the North America accounts for the largest market share in Gas Engine Market. Read More

What years does this Gas Engine Market cover, and what was the market size in 2023?

In 2023, the Gas Engine Market size was estimated at USD 5.59 billion. The report covers the Gas Engine Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Gas Engine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Gas Engine Market - Size, Trends & Growth

Gas Engine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Gas Engine Market Share and it is Segmented by End-User Industry (Power Utilities, Automotive, Marine, Industrial, Others), Fuel Type (Natural Gas, Hydrogen, and Other Fuel Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report offers the market size and forecasts in revenue (USD) for all the above segments.

Gas Engine Industry Overview

The gas engine market is semi-consolidated. The key players in this market include (in not particula order) General Electric Company, Wartsila Oyj Abp, Rolls-Royce Holdings PLC, Caterpillar Inc., and Cummins Inc., among others.

Cummins Inc claims to participate in healthy competition with a variety of independent engine manufacturers and generator set assemblers as well as OEMs who manufacture engines for their own products. Some of the company’s major competitors in the region include CAT, MTU (Rolls Royce Power Systems Group) and Kohler/SDMO (Kohler Group), Generac, Mitsubishi Heavy Industries (MHI), etc.