Global Natural Gas Engine Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Internal Combustion Engine, Dual-Fuel Engine, and Microturbine.

By Fuel Source;

Compressed Natural Gas, Liquefied Natural Gas, and Biogas.

By Power Output;

00 - 300 kW, 300-500kW, 0.5- 1 MW, 1-2 MW, 2-5 MW, 5-10 MW, and 10-20 MW.

By End User;

Remote, Mid-Stream Oil and Gas, Heavy Industries, Light Manufacturing, Utilities, Biogas, Datacenters, Mush, and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn136505470 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Natural Gas Engine Market (USD Million), 2021 - 2031

In the year 2023, the Global Natural Gas Engine Market was valued at USD 5,183.99 million. The size of this market is expected to increase to USD 7,197.70 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The global natural gas engine market stands at the forefront of the transition towards cleaner, more sustainable energy solutions. In an era marked by escalating environmental concerns, volatile oil prices, and a growing emphasis on energy security, natural gas engines emerge as a pivotal player in reshaping the global energy landscape. These engines, leveraging the abundant availability of natural gas resources and technological advancements, offer a compelling alternative to conventional fossil fuel-powered engines.

Characterized by their cleaner combustion and lower emissions profile compared to diesel and gasoline counterparts, natural gas engines have garnered significant attention across diverse industries, including power generation, transportation, and industrial applications. The pressing need to curb greenhouse gas emissions and mitigate air pollution has propelled governments, businesses, and consumers alike to seek out greener alternatives, thereby driving the demand for natural gas engines.

Stringent emission regulations imposed by governments worldwide have accelerated the adoption of cleaner technologies, positioning natural gas engines as a strategic choice for compliance with environmental standards. The cost-effectiveness of natural gas as a fuel, particularly in regions with abundant reserves, coupled with ongoing technological innovations, has further bolstered the market's growth trajectory.

The versatility of natural gas engines extends across a spectrum of applications, from stationary power generation to mobile transportation fleets, offering scalability and adaptability to diverse operational requirements. This versatility, combined with the expanding infrastructure for natural gas distribution and refueling, underscores the market's resilience and potential for widespread adoption.

As governments continue to prioritize energy diversification, security, and sustainability, and industries seek to enhance operational efficiency and reduce carbon footprints, the global natural gas engine market stands poised for robust expansion. With ongoing investments in research and development, supportive policy frameworks, and a growing recognition of the benefits of cleaner energy technologies, natural gas engines are poised to play an increasingly prominent role in driving the transition towards a more sustainable energy future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Fuel Source
    3. Market Snapshot, By Power Output
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Global Natural Gas Engine Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Security

        2. Rising Demand for Electricity and Power Generation

        3. Growing Transportation Sector

      2. Restraints
        1. Infrastructure Limitations

        2. Initial Investment Costs

        3. Limited Range and Performance

      3. Opportunities
        1. Growing Demand for Clean Energy

        2. Abundant Natural Gas Resources

        3. Diverse Application Areas

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Natural Gas Engine Market, By Type, 2021 - 2031 (USD Million)
      1. Internal Combustion Engine
      2. Dual-Fuel Engine
      3. Microturbine
    2. Global Natural Gas Engine Market, By Power Output, 2021 - 2031 (USD Million)
      1. Compressed Natural Gas
      2. Liquefied Natural Gas
      3. Biogas
    3. Global Natural Gas Engine Market, By Power Output, 2021 - 2031 (USD Million)
      1. 00 - 300 kW

      2. 300-500kW

      3. 0.5- 1 MW

      4. 1-2 MW

      5. 2-5 MW

      6. 5-10 MW

      7. 10-20 MW

    4. Global Natural Gas Engine Market, By End User, 2021 - 2031 (USD Million)
      1. Remote

      2. Mid-Stream Oil and Gas

      3. Heavy Industries

      4. Light Manufacturing

      5. Utilities

      6. Biogas

      7. Datacenters

      8. Mush

      9. Commercial

    5. Global Natural Gas Engine Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Caterpillar
      2. Cummins Inc.
      3. Doosan Corporation
      4. INNIO
      5. Kawasaki Heavy Industries Ltd.
      6. MAN SE
      7. Rolls Royce plc
      8. Siemens AG
      9. Wartsila
      10. Yanmar Co. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market