- The key vendors in the global gas engine market 2015-2019 are Caterpillar, GE, Hyundai, Kawasaki and Rolls-Royce.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global gas engine market 2015-2019. Increased usage of dual-fuel engines is one of the major trends upcoming in this market. Dual-fuel engines use liquid fuel when the gas supply is interrupted. Such engines offer high energy efficiency, attractive operating economics by replacing diesel with gas, substantially reduced emissions, torque and power characteristics identical to the original diesel engine, and excellent long-term reliability. The global gas engine market is expected to grow at CAGR of 7.85% during 2014-2019.
Vehicles using natural gas as the primary fuel offer reduced maintenance costs, longer vehicle lifespans, are extremely quiet, less hazardous in case of accidents, reduce gas import bills, and, therefore, attract tax advantages.
“Vendors are working to provide end-users with financing options in order to boost the market penetration of gas engines, which are being offered with rentals, leases, and sale and leaseback options,” says Faisal Ghaus, Vice President of Technavio Research.
“For instance, Clarke Energy provides complete solutions related to projects and offers financing options to manage assets such as gas engines.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
