India Gas Engine Market is expected to register a high CAGR during the forecast period
India shifting
toward utilization
of gas-fired power production are the major factors driving the market growth during
the forecast period
According to TechSci
Research report, “India Gas Engine Market - By Region,
Competition, Forecast & Opportunities, 2028”, India Gas Engine Market is
driven by the rising demand for electric power produced from
sustainable energy sources. The expansion of construction activities increases
demand for outdoor power equipment, which is expected to dominate the small gas
engine market due to low maintenance costs and lower product prices. Because of
pollution regulations, leading manufacturers are investing in new technical
avenues such as micro-hybridization engines, biofuels engines, and so on, which
are likely to give market development prospects.
A gas engine is a type of internal
combustion engine that works on natural gas or other gases such as coal gas,
producer gas, biogas, and landfill gas. In recent years, consumers have shifted
from other drivers to gas engines due to the increased flexibility and rapid start-up
of the gas engine, particularly in the small size capacity range (20 - 640 cc).
Each construction operation requires the
use of electricity to power the numerous machines and equipment. Since the
power infrastructure of the concerned project may not be completely constructed
to serve the power requirements of the building period, the sites cannot access
grid supplies, generating demand for efficient gas engines in India. Companies
have been investing in and adopting innovative compact gas engines that require
less maintenance and have lower product costs in recent years due to increased
demand for efficient and low-carbon engines and technical improvements. Furthermore,
the growing number of building projects in India, as well as worries about the
environment and the economy of the projects, are projected to boost demand for
the gas engine market during the forecast period.
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The Indian government has implemented a
clean energy policy with the goal of creating a gas-based economy in the
country. India's gas pipeline system grew from 12,028 km in 2012 to 17,016 km
by June 2020. It is projected to result in a significant increase in natural
gas output. Additionally, the nation has set an aim of increasing gas' part of
primary energy mix to 15% by 2030. Such policy actions are expected to enhance
the national economy.
The India Gas Engine Market is divided fuel
type, power output, end user industry and region. Based on Fuel Type, the market is further
divided into natural gas, special gas, and others. Natural gas dominates the
market because it is the cleanest burning fossil fuel with the lowest carbon
emissions when compared to other forms of fuels such as biogas, producer gas,
and sewage gas. Natural gas is also free of particles, which helps to decrease
engine wear and tear.
Based on power output, the market is
further segmented into <15kVA, 15-25kVA, 25-55kVA, and 55-75kVA. The India
gas engine market is dominated by engines with power outputs more than 15 MW.
Gas engines with outputs more than 15 MW are employed as a power source in
marine submarines and warships. The rising need for this equipment to protect
the shoreline and borders in both emerging and developed nations is likely to
boost the market. The existence of several benefits of gas engines for use as a
drive source for submarines over conventional engines is driving market
expansion. Based on region, the market is separated into North,
West, South, and East.
Based on End User industry, the
market is further split into utilities, construction, mining, small industries,
and others. During the forecast period, the construction
sector is expected to continue to be one of the most important end consumers of
small portable engines. Moreover, rapid economic expansion, along with
urbanisation activities in emerging countries such as India, has resulted in
amazing growth in the construction sector over the last several years, fuelling
demand for the gas engine market throughout the forecast period.
Furthermore,
the growing number of construction project activities throughout the world, as
well as concerns about the environment and the economy of the projects, are
projected to boost demand for the small gas engine market during the forecast
period.
Key market players in the India Gas
Engine Market include:
- Caterpillar India
- Wartsila India Ltd
- Cummins India Ltd
- Siemens Energy India
- Yanmar Engine Manufacturing India Pvt.
Ltd
- Mitsubishi Heavy Industries India
Private Limited
- Baudouin India
- Green Power International Pvt. Ltd
- Cooper Corp
- Chroma Power Systems India Private
Limited
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“The expansion of construction
activities increases demand for outdoor power equipment, which is expected to
dominate the small gas engine market due to low maintenance costs and low product
prices. Owing to pollution laws, prominent manufacturers are investing in new
technical avenues such as micro-hybridization engines, biofuels engines, and so
on, which is expected to drive the market in the future,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
India Gas Engine Market By
Fuel Type (Natural Gas, Special Gas, Others), By Power Output (<15kVA,
15-25kVA, 25-55kVA, 55-75kVA), By End User Industry (Utilities, Construction,
Mining, Small Industries, Others), By Region, Competition Forecast &
Opportunities, 2018-2028, has
evaluated the future growth potential of India Gas Engine Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities present in the India Gas Engine Market.
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