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Natural Gas Engine Market Analysis (2021-2028) Β– DataM Intelligence

(EnergyIndustry.Net, August 25, 2021 ) Market Overview

Natural gas engine is an internal combustion engine which runs on a natural gas fuel such as biogas, coal gas, landfill gas, biomethane gas and others. Natural gas engine is used in a heavy-duty industrial engine, commercial vehicle engine which is capable of running continuously with full load of around 8,760 hours per year.

It is a lightweight and high-revving gasoline automobile engine which is typically runs for more than 4,000 hours in its entire life. Natural gas engine power ranges from 10 kW (13 hp) to 4 MW as per the required applications. Natural gas engine is high-pressure gas engine with arrangement of pressure regulator which reduces the pressure to a level compatible with the engine fuel injection system.

Natural gas engine has wide range of applications such as automobile, industrial, marine engine, oil and gas and among others.



Market Dynamics

The global natural gas engine is driven by rising demand for renewable energy efficient technology with growing adoption of the natural gas vehicles. Further growing industrialization and urbanization with increasing consumption of electricity for several applications such as households, vehicles, production and manufacturing companies drives the growth of the natural gas engine market.

Rising demand for renewable energy efficient technology with growing adoption of the natural gas vehicles

The market is driven by rising demand for renewable energy efficient technology with growing adoption of the natural gas vehicles with government support and funding for develooping the natural gas stations. The natural gas engine fuel includes compressed natural gas (CNG), liquefied natural gas (LNG) and biomethane and other renewable natural gas (RNG) which are available in both the in gaseous and liquid form.

As per the Oxford Energy’s Comprehensive statistics in 2018, globally there were around 26 million Natural Gas Vehicles and has reached to around 28 million worldwide in 2019 due to increasing people awareness about the natural gas vehicle and its huge benefits over the diesel and petrol engines.

Growing industrialization and urbanization with increasing consumption of electricity for several applications such as households, electric vehicles, production and manufacturing companies

Increase in the adoption of the natural gas engine by the manufacturing industries, household applications, growing electric vehicle sale due to surge in the industrilization and urbanization around the globe. As the natural gas engine can be used to generate the electricity at household facility and manufacturing plants.

As per the International Energy Agency, globally electric car sale has been reached to around 2.1 million representing a 6% growth annually. It created huge demand for the electricity for charging og these vehicles and it can be facilited by installing he natural gas engine for genrating electricity at remote as well as urban areas.

Further natural gas is the huge source for the electricity generation. For instance as per the International Energy Agency in 2018, total energy supply by natural gas has been reached to around 3,261,595 Ktoe globally. Hence, it created massive demand for the natural gas engine around the globe.

Growing use of the other renewable energy sources such as solar, wind power etc hampers the growth of the natural gas engine market

The natural gas engine market is hampered by the use of the other renewable enrgy sources such as solar panels, and wind power for the electricity generation. For instance as per the Our World in Data Organization in 2019, globally electricity generation through other renewable energy sources such as wind and solar has been reached to around 1429 and 72h TWh. Hence the demand for natural gas engine is restrained by these other renewable enrgy sources.



Segment Analysis

By Type

• Spark Ignited Engines

• Dual fuel Engines

• High Pressure Direct Injection

By Power Output

• 500 KW – 800 KW

• 1000 KW – 2000 KW

• 3000 KW – 4500 KW

By Horsepower

• Up to 1000 HP

• 1000–2000 HP

• Above 2000 HP

By Application

• Decentralized Energy Generation

• Natural Gas Gensets

• Natural Gas Automotive

• Others

By End-user

• Hospital Pharmacies

• Manufacturing industries

• Utilities

• Oil & Gas

• Mining

• Petrochemicals

• Others



Geographical Analysis

North America region holds the largest market share global Natural Gas Engine market

North America region is dominating the global natural gas engine market accounted for the largest market share in 2019, due to presence of the natural gas-fired power plants as well as presence of leading manufacturer of the engine in this region followed by Europe. As of 2019, according to the United States Energy Information Administration in 2019, an estimated around 1,582 billion kilo watt hours (kWh) of electricity generated in the United States at utility-scale from the natural gas power plants.

Further in the United States, rising production of the shale natural gas has created huge demand for the automobile based on natural gas engine. As per the Natural Gas Vehicle Organization in the United States, there are around 922 compressed gas stations and more than 175,000 natural gas vehicles were sold in 2018. It created massive demand for the natural gas engine in this region. Similarly, Asia-pacific region is also growing at fastest pace owing to rising electricity generation demand with growing urban population and industrialization.



Competitive Landscape

The Natural Gas Engine market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Doosan corporation, Cummins inc, Guangdong honny power-tech co., Yanmar holdings co., ltd, Westport Fuel Systems Inc, Wδrtsilδ, IHI Power Systems Co., Caterpillar, MAN SE Siemens, Rolls-Royce plc, Liebherr, Innio, Kawasaki Heavy Industries, Jfe Engineering Corporation, Mitsubishi Heavy Industries, Deutz Ag and among others.

The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the natural gas engine market globally. For instance, on 5th March 2020, Cummins had launched C25G natural gas generators series at Middle East Energy which offers reduced maintenance costs per kilowatt-hour and suitable for diverse industrial needs.

Further on 3rd March 2020, The Liebherr Components Division and Cummins Inc has been collaborated for providing power generation engine based on the natural gas and biogas. For instance the Cummins launched new C25G gas generator series, for which Liebherr has provided ignition and control systems for natural gas and biogas applications in 50Hz and 60Hz markets.



Related Topic's

Natural Gas Adsorbents Market, Natural Gas Engine Market in UAV, Natural Gas Adsorbents Market, Natural Gas Storage Market, Natural Sweeteners Market

DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com

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