From GlobeNewswire: 2025-05-14 09:13:00

The global Gas Engine Market is growing due to increased demand from the energy industry. These engines, fueled by natural gas or biogas, are popular in utilities, manufacturing, and transportation sectors. Major players include Wärtsilä, Caterpillar, and Rolls-Royce, facing challenges from fluctuating fuel prices and renewable energy competition.

The market is projected to reach US$ 8,095.3 million by 2031, with a CAGR of 6.4% from 2025-2031. Gas engines are evolving to meet emission targets, with a focus on low-emission, fuel-efficient engines. Governments are pushing for cleaner energy, supporting the adoption of gas engines through incentives and subsidies, particularly in transport.

Europe led the market in 2024, with Asia Pacific expected to show the highest CAGR. Gas engine market segments include fuel type (natural gas, special gas), power output, and end-users like heavy industries and utilities. Manufacturers are developing advanced products to meet rising demand for high-powered, efficient engines.

Governments worldwide are encouraging the transition to cleaner energy sources, supporting the adoption of gas engines through incentives and subsidies. Gas engines are seen as a cleaner alternative to coal and oil, well-positioned to benefit from these policies. The market is evolving with technological advancements to meet sustainability goals and reduce emissions.



Read more at GlobeNewswire: Gas Engine Market Size to Reach $8.09 billion, Globally, by