The Asia Pacific market for the gas engine is estimated to record a CAGR of 7.36% during the forecast period of 2020-2028. The market in the Asia Pacific region is primarily driven by the increasing demand for electricity and decreasing natural gas prices. The increasing consumption and production for natural gas across the region is a key factor leading to decreased natural gas prices. The Asia Pacific region is segregated into China, Japan, India, South Korea, Thailand, Australia & New Zealand, Vietnam, Indonesia, and the rest of Asia Pacific. In China, the development of natural gas infrastructure is likely to boost the gas engine market. At the same time, in countries like Japan, the gas engine market is witnessing strong growth due to the increasing growth in the utilization of alternative sources of energy.

ASIA PACIFIC GAS ENGINE MARKET FORECAST 2020-2028

Asia Pacific Gas Engine Market by Fuel Type (Natural Gas, Special Gas, Other Gas) by Power (5 Mw-1.0 Mw, 0-2.0 Mw, 0-5.0 Mw, 0 Mw-10.0 Mw, 0 Mw-20.0 Mw) by Application (Power Generation, Co-generation, Other Applications) by End User (Utilities, Manufacturing, Oil & Gas, Transportation, Others) by Geography.

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The Asia Pacific market for the gas engine is estimated to record a CAGR of 7.36% during the forecast period of 2020-2028. The market in the Asia Pacific region is primarily driven by the increasing demand for electricity and decreasing natural gas prices. The increasing consumption and production for natural gas across the region is a key factor leading to decreased natural gas prices.

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The Asia Pacific region is segregated into China, Japan, India, South Korea, Thailand, Australia & New Zealand, Vietnam, Indonesia, and the rest of Asia Pacific. In China, the development of natural gas infrastructure is likely to boost the gas engine market. At the same time, in countries like Japan, the gas engine market is witnessing strong growth due to the increasing growth in the utilization of alternative sources of energy. The focus on the usage of clean and reliable sources of energy makes the market for gas engines favorable in Japan. The escalating electricity prices in Japan leads to increased use of gas engines.

The surge in the manufacturing of CNG vehicles is estimated to give a huge boost to the Indian gas engine market during the forecast period, along with policy-level initiatives. The South Korean gas engine market is emerging owing to the high demand for liquefied natural gas (LNG) gas in the forecast period. There are certain market constraints, as well. In China, the deployment of a huge number of electric cars to tackle air pollution is likely to reduce the adoption of gas-fueled cars.

China Yuchai International, headquartered in Singapore city, Singapore, is a major manufacturer of gas engines in the market. It is engaged in the production of natural gas and diesel engines for various industrial applications.

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    1. RESEARCH SCOPE
      • STUDY OBJECTIVES
      • SCOPE OF THE STUDY
      • METHODOLOGY
      • STUDY AND FORECASTING YEARS
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & FORECAST
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • MARKET SCOPE & DEFINITION
      • MARKET DRIVERS
        • UNYIELDING DROP IN THE GAS PRICES
        • INCREASING USE OF NATURAL GAS IN THE POWER INDUSTRY
        • GROWING ENVIRONMENTAL CONCERNS
        • ADVANCEMENTS IN TECHNOLOGIES RESULTING IN EFFICIENT POWER GENERATION
        • MARINE APPLICATION FUELING THE DEMAND FOR GAS ENGINES
      • MARKET RESTRAINTS
        • IRREGULARITIES IN NATURAL GAS RESERVES & SUPPLIES DUE TO REGIONAL INSTABILITY
        • SECURITY & INFRASTRUCTURE CONCERNS
        • LARGE PRICE DIFFERENCE BETWEEN ALTERNATIVE FUELS
        • DEPLETING NATURAL GAS RESERVES
        • MACROECONOMIC FACTORS
        • STRICT REGULATIONS
    1. KEY ANALYTICS
      • PORTER’S FIVE FORCE MODEL
        • NEW ENTRANTS
        • SUBSTITUTION
        • SUPPLIERS POWER
        • BUYERS POWER
        • INDUSTRY RIVALRY
      • KEY INVESTMENT INSIGHTS
      • KEY BUYING CRITERIA
        • COST
        • EFFICIENCY
        • EMISSION
        • MAINTENANCE
        • FLEXIBILITY
      • OPPORTUNITY MATRIX
      • VENDORS LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIAL SUPPLIERS / PARTS
        • MANUFACTURERS
        • DISTRIBUTORS
        • END USERS
    1. MARKET BY FUEL TYPE
      • NATURAL GAS
      • SPECIAL GAS
      • OTHER GAS
    2. MARKET BY POWER
      • 5 MW-1.0 MW
      • 0-2.0 MW
      • 0-5.0 MW
      • 0 MW-10.0 MW
      • 0 MW-20.0 MW
    3. MARKET BY APPLICATION
      • POWER GENERATION
      • CO-GENERATION
      • OTHER APPLICATIONS
    4. MARKET BY END USER
      • UTILITIES
      • MANUFACTURING
      • OIL & GAS
      • TRANSPORTATION
      • OTHERS
    5. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • THAILAND
        • INDONESIA
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. COMPANY PROFILES
      • 3W INTERNATIONAL GMBH
      • CATERPILLAR INC.
      • CHINA YUCHAI INTERNATIONAL LTD.
      • CLARKE ENERGY
      • CUMMINS INC.
      • DEUTZ AG
      • DRESSER RAND GROUP INC.
      • DOOSAN INFRACORE CO. LTD.
      • FAIRBANKS MORSE ENGINES
      • GENERAL ELECTRIC COMPANY (INIO)
      • HYUNDAI HEAVY INDUSTRIES CO. LTD.
      • IHI CORPORATION
      • KAWASAKI HEAVY INDUSTRIES LTD.
      • MAN SE
      • MITSUBISHI HEAVY INDUSTRIES INC.
      • WÄRTSILÄ CORPORATION
      • ROLLS ROYCE HOLDINGS PLC.
      • YANMAR CO. LTD.

     

    LIST OF TABLES

    TABLE 1: NATURAL GAS PRICES, (2016-2018) (DOLLARS PER THOUSAND CUBIC FEET)

    TABLE 2: COMPARISON OF CARBON DIOXIDE EMISSION LEVELS FOR DIFFERENT FUELS (1990-2040) (BILLION METRIC TONS)

    TABLE 3: ASIA PACIFIC GAS ENGINE MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 4: ASIA PACIFIC GAS ENGINE MARKET, BY FUEL TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 5: ASIA PACIFIC GAS ENGINE MARKET, BY POWER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 6: ASIA PACIFIC GAS ENGINE MARKET, BY POWER, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 7: ASIA PACIFIC GAS ENGINE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 8: ASIA PACIFIC GAS ENGINE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 9: ASIA PACIFIC GAS ENGINE MARKET, BY END USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 10: ASIA PACIFIC GAS ENGINE MARKET, BY END USER, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 11: ASIA PACIFIC GAS ENGINE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 12: ASIA PACIFIC GAS ENGINE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    LIST OF FIGURES

    FIGURE 1: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 2: KEY INVESTMENT INSIGHTS

    FIGURE 3: KEY BUYING IMPACT ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: VALUE CHAIN ANALYSIS

    FIGURE 7: ASIA PACIFIC GAS ENGINE MARKET, GROWTH POTENTIAL, BY FUEL TYPE (IN 2019)

    FIGURE 8: ASIA PACIFIC GAS ENGINE MARKET, BY NATURAL GAS, 2020-2028 (IN $ MILLION)

    FIGURE 9: ASIA PACIFIC GAS ENGINE MARKET, BY SPECIAL GAS, 2020-2028 (IN $ MILLION)

    FIGURE 10: ASIA PACIFIC GAS ENGINE MARKET, BY OTHER FUEL TYPE, 2020-2028 (IN $ MILLION)

    FIGURE 11: ASIA PACIFIC GAS ENGINE MARKET, GROWTH POTENTIAL, BY POWER (IN 2019)

    FIGURE 12: ASIA PACIFIC GAS ENGINE MARKET, BY 0.5 MW-1.0 MW, 2020-2028 (IN $ MILLION)

    FIGURE 13: ASIA PACIFIC GAS ENGINE MARKET, BY 1.0-2.0 MW, 2020-2028 (IN $ MILLION)

    FIGURE 14: ASIA PACIFIC GAS ENGINE MARKET, BY 2.0-5.0 MW, 2020-2028 (IN $ MILLION)

    FIGURE 15: ASIA PACIFIC GAS ENGINE MARKET, BY 5.0 MW-10.0 MW, 2020-2028 (IN $ MILLION)

    FIGURE 16: ASIA PACIFIC GAS ENGINE MARKET, BY 10.0 MW-20.0 MW 2020-2028 (IN $ MILLION)

    FIGURE 17: ASIA PACIFIC GAS ENGINE MARKET, GROWTH POTENTIAL, BY APPLICATION (IN 2019)

    FIGURE 18: ASIA PACIFIC GAS ENGINE MARKET, BY POWER GENERATION, 2020-2028 (IN $ MILLION)

    FIGURE 19: ASIA PACIFIC GAS ENGINE MARKET, BY CO-GENERATION, 2020-2028 (IN $ MILLION)

    FIGURE 20: ASIA PACIFIC GAS ENGINE MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)

    FIGURE 21: ASIA PACIFIC GAS ENGINE MARKET, GROWTH POTENTIAL, BY END USER (IN 2019)

    FIGURE 22: ASIA PACIFIC GAS ENGINE MARKET, BY UTILITIES, 2020-2028 (IN $ MILLION)

    FIGURE 23: ASIA PACIFIC GAS ENGINE MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)

    FIGURE 24: ASIA PACIFIC GAS ENGINE MARKET, BY OIL & GAS, 2020-2028 (IN $ MILLION)

    FIGURE 25: ASIA PACIFIC GAS ENGINE MARKET, BY TRANSPORTATION, 2020-2028 (IN $ MILLION)

    FIGURE 26: ASIA PACIFIC GAS ENGINE MARKET, BY OTHER END USERS, 2020-2028 (IN $ MILLION)

    FIGURE 27: ASIA PACIFIC GAS ENGINE MARKET, REGIONAL OUTLOOK, 2019& 2028 (IN %)

    FIGURE 28: CHINA GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 29: JAPAN GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 30: INDIA GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 31: SOUTH KOREA GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 32: THAILAND GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 33: INDONESIA GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 34: VIETNAM GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 35: AUSTRALIA & NEW ZEALAND GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 36: REST OF ASIA PACIFIC GAS ENGINE MARKET, 2020-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • THAILAND
        • INDONESIA
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. MARKET BY FUEL TYPE
      • NATURAL GAS
      • SPECIAL GAS
      • OTHER GAS
    2. MARKET BY POWER
      • 5 MW-1.0 MW
      • 0-2.0 MW
      • 0-5.0 MW
      • 0 MW-10.0 MW
      • 0 MW-20.0 MW
    3. MARKET BY APPLICATION
      • POWER GENERATION
      • CO-GENERATION
      • OTHER APPLICATIONS
    4. MARKET BY END USER
      • UTILITIES
      • MANUFACTURING
      • OIL & GAS
      • TRANSPORTATION
      • OTHERS

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