Global Natural Gas Engine Market - 2020-2027
発行: DataM Intelligence
The global natural gas engine market size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
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.
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.
COVID-19 Impact Analysis
The global natural gas engine market has shown drastic decline in demand due to the COVID-19 pandemic, as several leading manufacturing plants were closed due to lockdown in many countries. Further sale of the autobile based on natural gas also decreased immensely due to covid-19 pandemic.
As several automobile and automobile component manufacturer have stoped the production and demand has been drastically declined by around 20% for vehicles. However, since June 2020, the demand for the natural gas engine has been slightly increased as several leading players have launched CNG based vehicles. For instance on June 22, 2020 Maruti Suzuki launched new S-Presso CNG vehicle with new Bharat Stage 6 compliance CNG engine in India.
The global natural gas engine market is segmented based on type, power output, horsepower, application, end-user and region.
Rising demand for natural gas engine based on spark ignition due to rising sale of automobile
In terms of type, the global natural gas engine market is bifurcated into spark ignited engines, dual fuel engines and high pressure direct injection. Among this, spark ignition based engine has the highest market share in 2019, owing to rising demand nd launching of the natural gas based heavy duty commercial vehicles.
For instance on 27th Feb 2020, Volvo trucks has launched New Generation heavy-duty trucks with gas-powered LNG engine which reduces CO2 emissions by up to 20% as compared to other Volvo's equivalent diesel trucks. Similalry dual fuel engines and high pressure direct injection segments are also growing due to rising the electricity generation demand by the household, manufacturing facilities with growing government initiatives to support to install the natural gas based plants.
For instance on 5th Nov 2019, in India, the government provided scheme to start 24,000 MW of natural gas based power plants with an investment of more than US$ 13.57 billion by importing natural gas. It created massive demand for the natural gas engine require in the power plants in India for electricity generation.
Rising launching of the 500KW - 800KW based engine may boost the demand for this market
Based on power output, global natural gas engine is classified into 500 KW - 800 KW, 1000 KW - 2000 KW and 3000 KW - 4500 KW. Among this, 500 KW - 800 KW is generally used for providing electricity at household, small manufacturing plants and for making gensets. Several leading players have launched natural gas engine. For instance on 12th Dec 2019, MAN gas genset engine launched in New Orleans with 500 kW power class.
Similarly, 1000 KW - 2000 KW and 3000 KW - 4500 KW segment is also growing at faster pace owing to its usage for the manufactring of the marine vehicles, heavy duty application etc.
Based on horsepower, the global natural gas engine market is segmented into Up to 1000 HP, 1000-2000 HP and above 2000 HP. Among this, Up to 1000 HP segment has the highest share in 2019, this is primarily due to rising demand for the generator for manufacturing facilities.
In terms application, the global natural gas engine market is classified as decentralized energy generation, natural gas gensets, natural gas automotive and others. Among this decentralized energy generation segment has the highest market share in 2019, owing to rising demand for the electricity generation around the globe due to growing urban population and industrialization. As per the Our in World Data, the global urban population in 2017, around 4.1 billion people living in urban areas. It created massive demand for the electricity in the urban areas.
Based on the end-user, hospital pharmacies, manufacturing industries, utilities, oil & gas, mining, petrochemicals and others. Among this utilities segment has the highest market share in 2019, due to rising demand for electricity for power plant solutions for public utilities around the globe. For instance investments of power generation around the globe reached to around US$ 670-890 billion per year.
Further rising natural gas production also boost the demand for the natural gas engine for end-user ndustries mentioned above. For instance according to the BP Statistical Review of World Energy 2019, global natural gas production grew to around 3,867.9 billion cubic meters (BCM) in 2018 from 3,677.7 BCM in 2017.
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.
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, Wartsila, 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.
Overview: Caterpillar, founded in 2015, office based in San Diego, California, United States. Caterpillar Inc. is an American multinational corporation which leading manufacturer of engines, machinery, and also provides financial products and insurance to customers via a worldwide dealer network. It is also world's largest construction equipment manufacturer.
Features: Built on G3500 LE proven reliability and durability
Ability to burn a wide spectrum of gaseous fuels
Robust diesel strength design prolongs life and lowers owning
Broad operating speed range at lower site air density
Higher power density improves fleet management
Quality engine diagnostics
Detonation-sensitive timing control for individual cylinder temperatures)
Key Development: In 1st Sept 2020, Caterpillar launched G3412 Generator based on New Natural Gas Set with U.S. EPA Emergency Certification rated at 500 kW for 60 Hz markets. The G3412 generator is engineered to meet a full suite of critical operations such as quick starting and loading capability
The global Natural Gas Engine market report would provide an access to an approx. 98 market data table, 88 figures and 269 pages.
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