Gas Engine Market Set for Robust Growth Driven by Cleaner Power Demand
The gas engine market is experiencing robust growth driven by increasing demand for cleaner energy solutions and the transition towards sustainable power generation. As industries and governments worldwide prioritize environmental sustainability, gas engines have emerged as a viable alternative to traditional fossil fuel-based power generation systems. This shift is further fueled by advancements...
Gas Engine Market worth $6.3 Billion by 2029
The global Gas Engine Market is expected to reach USD 6.3 billion by 2029 from USD 5.1 billion in 2024 at a CAGR of 4.5% during the 2024–2029 period according to a new report by MarketsandMarkets™. The growth in this market can be attributed to various factors stimulating demand. A prominent driver is the escalating focus on cleaner energy sources and sustainability initiatives,...
Gas Engines Market to Hit $5.3 Billion by 2024
The global gas
engines market size is expected to grow from an estimated USD 4.0 billion
in 2019 to USD 5.3 billion by 2024, at a CAGR of 5.7%, during the forecast
period. Increasing demand for clean & efficient power generation technology
and the implementation of stricter emission regulations is expected to drive
market growth.
The natural gas segment is
expected to hold the largest share...