Gas Engines Market is Projected to Witness 5.76% CAGR by 2030

The Gas engines market is estimated to register a CAGR of 5.76% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Gas engines market— Cummins Inc., Caterpillar, Wärtsilä, Siemens, Doosan Corporation, Innio.

Market Highlights

The Global Gas engines Market Size was valued at USD 4,140.8 million in 2022. The Gas engines Market industry is projected to grow from USD 4,285.2 million in 2023 to USD 6,483.3 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.76% during the forecast period (2023 - 2030).

A gas engine is an internal combustion engine that works on gaseous fuels such natural gas, biogas, landfill gas, and syngas. A gas engine is a heavy-duty industrial engine that can run continuously at full load for an extended length of time. Gas engines are extremely dependable and efficient, with minimal operating and maintenance expenses. These gas engines are utilized for a variety of purposes such as power generation, cogeneration, trigeneration, mechanical drive and so on. Gas engines are well-known for their robust performance in adverse situations and with challenging fuel gases.

Gas engines are primarily used as stationary continuous generating units, although they may also be used to handle changes in local energy demand or supply in peaking plants and greenhouses. They can generate energy in parallel with the local power system, in isolated mode, or for distant power generation. Gas engines have become a cleaner source of electricity, and with increasing efforts being made to reduce greenhouse gas emissions.

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Segment Analysis

As per MRFR analysis, the global Gas engines market has been segmented based on fuel type, application, End-use and region.

The global Gas engines Market segmentation, Based on fuel type, the global market has been divided into Natural Gas, Special Gas, and Others. The Natural gas segment dominated the global market, accounting for largest share in 2022.

Based on Application, the global market has been divided into, Power Generation, Cogeneration, Mechanical Drive, and others. The power generation segment dominated the global market, accounting for largest share in 2022.

Regional Analysis

By Region, the study segments the Gas engines market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Europe Gas engines market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period.

The global market owing to the easy availability of raw materials as well as increasing demand from the end-use industries such as automotive, construction, and others. Asia-pacific accounted for the second largest with a market share of xx% and valued at USD xx million.

Key Findings of the Study

• The global Gas engines market is expected to reach USD 4,140.8 million by 2030, at a CAGR of 5.76% during the forecast period.


• The Europe region accounted for the fastest-growing global market.


• Based on Type, the Natural gas segment was attributed to holding the largest market in 2022.


• Based on application, the Power generation segment was attributed to holding the largest market in 2022.


• Carbon Engineering Ltd, Mitsui Kinzoku, Umcor, Nanoshell LLC, American Element, Pometon Powder, ADM, POET, LLC, and others.