North America Gas Engine Market Trends, Size, Segment and Growth by Forecast to 2030

North America Gas Engine Market Outlook (2021–2028)

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, registering a compound annual growth rate (CAGR) of 7.9% during the forecast period.

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Market Drivers

Governments across North America are implementing stricter regulations to curb emissions from diesel and petrol engines. These environmental mandates are pushing engine manufacturers and industries to explore alternative fuel solutions, particularly natural gas. Compared to traditional fuels, gas engines offer lower emissions and high efficiency, making them a preferred option for power generation.

Regulatory agencies are increasingly enforcing emission limits, driving the adoption of gas engines and generators across various industrial sectors. In response, manufacturers are introducing advanced technologies to align with these standards:

• In December 2020, Rolls-Royce unveiled the MTU Series 500, a new line of gas engines with power outputs ranging from 250 to 550 kilowatts. These engines are designed to meet emission goals using hydrogen as a power source, offering low fuel consumption and reduced operational costs.
• In June 2020, Kawasaki Heavy Industries, Ltd. launched the KG-18-T gas engine, equipped with a two-stage turbocharging system and delivering 51% electrical efficiency — a significant advancement in gas-powered generation.

Such technological innovations, prompted by environmental regulations, are significantly contributing to the market’s growth across North America.

COVID-19 Impact

The COVID-19 pandemic presented notable challenges for the gas engine market. During the height of the pandemic, nearly two-thirds of Americans shifted to remote work. Even as businesses began to reopen, many organizations continued operating at reduced capacity or retained work-from-home policies, leading to dampened energy demand.

Additionally, the pandemic severely impacted natural gas consumption and the export of LNG in the U.S., resulting in an overall slowdown in gas demand. Financial strains faced by power plants and energy providers further limited investments in new gas engine infrastructure, as many opted to scale back budgets and delay procurement.

Market Opportunities

Despite temporary setbacks, the gas engine market is expected to rebound strongly. The introduction of next-generation engines with enhanced features—such as improved fuel efficiency, lower operational costs, and reduced emissions—is likely to attract new customers and open opportunities in emerging markets.

As regulatory pressure intensifies and technology continues to evolve, the demand for gas engines is set to rise steadily, positioning the North America gas engine market for sustained growth over the forecast period.

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 Report Scope

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