Gas Engine Market in the Middle East & Africa Expected to Grow at a CAGR of 8.67% in the Forecast Period 2019-2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2019--
The “Middle East And Africa Gas Engine Market 2019-2027” report has been added to ResearchAndMarkets.com’s offering.
This report states that the gas engine market in the Middle East and Africa would grow at a CAGR of 8.67% in the forecast period 2019-2027. Turkey, the UAE, Saudi Arabia, South Africa, and Rest of MEA together constitute the Middle East and Africa market for gas engines.
The Middle East region is known for its large oil reserves. However, this scenario is soon expected to change, with natural gas overtaking oil to become the most widely used type of fuel in the region. It is estimated that, by the year 2040, natural gas would account for 60% of the total energy consumed.
The United Arab Emirates ranks seventh in the world in terms of having large gas reserves. The rapidly rising natural gas demand, for power generation, as well as industrial development, has pressurized the government to facilitate the efficient supply of natural gas in the country.
Natural gas significantly contributes to the UAE’S energy mix, accounting for approximately 57% of the country’s total primary energy mix. There has been a growth in the production of natural gas in the UAE, with 60.4 billion cubic meters (BCM) in 2017, as compared to 50.0 BCM in 2010. In line with the country’s short- and medium-term goals, the Government of the UAE has been actively encouraging the adoption of natural gas across various sectors. This would help reduce greenhouse gas emission and keep pollution levels in check, which, in turn, would supplement the growth of the gas engine market in the United Arab Emirates.
Key Topics Covered:
1. Middle East And Africa Gas Engine Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Advent Of Dual Fuel Engines
2.2.2. Consumption Of Alternate Gases As Fuels
2.3. Porter’S Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitute
2.3.3. Bargaining Power Of Suppliers
2.3.4. Bargaining Power Of Buyers
2.3.5. Threat Of Competitive Rivalry
2.4. Key Impact Analysis
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Regulatory Framework
2.8. Market Drivers
2.8.1. Decrease In Gas Prices
2.8.2. Growing Electricity Demand Worldwide
2.8.3. Surge In Ecological Concerns
2.8.4. Industrial Expansion Leading To Environmental Power Generation
2.9. Market Restraints
2.9.1. Abnormalities In Natural Gas Reserves & Provisions Due To Regional Instability
2.9.2. Rise In Safety Concerns
2.9.3. Price Disparity Among Fuels
2.10. Market Opportunities
2.10.1. Emergent Inclination Towards Distributed Power Generation
2.10.2. Advent Of Gas-Fired Power Plants
2.11. Market Challenges
2.11.1. Diminishing Natural Gas Reserves
2.11.2. Firm Regulations Levied By Authorities
3. Middle East And Africa Gas Engine Market Outlook - By Fuel Type
3.1. Natural Gas
3.2. Special Gas
3.3. Other Gas
4. Middle East And Africa Gas Engine Market Outlook - By Power
4.1. 0.5 Mw-1.0 Mw
4.2. 1.0-2.0 Mw
4.3. 2.0-5.0 Mw
4.4. 5.0 Mw-10.0 Mw
4.5. 10.0 Mw-20.0 Mw
5. Middle East And Africa Gas Engine Market Outlook - By Application
5.1. Power Generation
5.3. Other Applications
6. Middle East And Africa Gas Engine Market Outlook - By End-User
6.3. Oil & Gas
6.5. Other End-Users
7. Middle East And Africa Gas Engine Market - Regional Outlook
7.1. United Arab Emirates
7.3. Saudi Arabia
7.4. South Africa
7.5. Rest Of Middle East & Africa
8. Competitive Landscape
8.1. 3W-International Gmbh
8.2. Caterpillar Inc.
8.3. Cummins, Inc.
8.4. China Yuchai International Ltd.
8.5. Clarke Energy
8.6. Deutz Ag
8.7. Dresser-Rand Group, Inc.
8.8. Doosan Infracore Co., Ltd.
8.9. Fairbanks Morse Engine
8.10. General Electric Company (Innio)
8.11. Hyundai Heavy Industries Co., Ltd.
8.12. Ihi Corporation
8.13. Kawasaki Heavy Industries, Ltd.
8.14. Man Se
8.15. Mitsubishi Heavy Industries, Ltd.
8.16. Wrtsil Corporation
9. Methodology & Scope
9.1. Research Scope
9.2. Sources Of Data
9.3. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/teu8lz
View source version on businesswire.com:https://www.businesswire.com/news/home/20191220005428/en/
Laura Wood, Senior Press Manager
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KEYWORD: MIDDLE EAST AFRICA
INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 12/20/2019 11:29 AM/DISC: 12/20/2019 11:29 AM