The North America gas engine market is projected to grow from US$ 861.3 million in 2021 to US$ 1,469.1 million by 2028, at a compound annual growth rate (CAGR) of 7.9% during the forecast period.
This growth is driven largely by stringent environmental regulations targeting emissions from diesel and petrol engines. In response, engine manufacturers are increasingly turning to alternative fuel solutions such as natural gas, which offers lower emissions and high-efficiency power generation. Regulatory bodies across North America are tightening emissions standards, prompting various industries to adopt gas-powered engines and generators to remain compliant.
📚𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00027719
To support these evolving requirements, companies are launching innovative gas engine solutions. For instance, in December 2020, Rolls-Royce introduced the MTU Series 500—a new line of gas engines with a power output range of 250–550 kilowatts. These engines are engineered to meet strict emissions targets and are capable of operating on hydrogen, delivering both lower fuel costs and reduced consumption for industrial and utility applications.
Similarly, in June 2020, Kawasaki Heavy Industries, Ltd. launched the KG-18-T gas engine, featuring a two-stage turbocharging system and achieving 51% electrical efficiency—an impressive benchmark for power generation.
Such technological advancements, combined with regulatory pressures, are significantly contributing to the growth of the gas engine market in North America.
During the COVID-19 pandemic, approximately 2/3rd of the Americans is forced to work remotely. With businesses started to reopen, several companies are still choosing to opt for the WFH strategy and even to reduce their previous capacity for an extended period, which is expected to have negative impact on the gas engines market growth. Also, COVID-19 pandemic is having a huge impact on natural gas consumption and export of LNG gas in the US market. The slowdown of gas demand is further impacting the growth of the market. Moreover, the loss in revenues is expected to restrain several power plants to invest in new gas engines procurement as they are cutting their budgets to moderate the losses.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the gas engine market. The North America gas engine market is expected to grow at a good CAGR during the forecast period.
North America Gas Engine Market Segmentation
| Category | Segments |
| Fuel Type | Natural Gas, Special Gas, Biogas |
| Power Output | 100–300 kW, 300–500 kW, 0.5–1 MW, 1–2 MW, 2–5 MW, 5–10 MW, 10–20 MW |
| End-User | Remote, Mining, Drilling, Mid-Stream Oil & Gas, Heavy Industries (Chemicals, Paper, Metals, Food & Beverages), Light Manufacturing, Utilities (Grid, IPP), Datacenters, MUSH, Commercial, Others |
| Country | US, Canada, Mexico (within North America) |
| Companies | INNIO Jenbacher, Caterpillar, Cummins, Fairbanks Morse, Kawasaki Heavy Industries, Liebherr, MAN SE, Mitsubishi Heavy Industries, Wärtsilä, MTU (Rolls-Royce), 2G Energy AG |
North America Gas Engine Strategic Insights
Strategic insights for the North America Gas Engine provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Gas Engine Regional Insights
The geographic scope of the North America Gas Engine refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
