Market Research Future published a half cooked research report on Gas Engines Market. The Global Gas Engines Market is expected to grow over the CAGR of around 7% during the period 2017 to 2023.
The need for continuous uninterrupted power supply is growing because of the worldwide rise in population and rapid industrialization. Power outages can severely affect productivity and the daily lives of people. This is driving the market for gas engines, which act as reliable power solution with economic operations and less emission.
The gas engines market in the European region is expected to grow the fastest during the forecast period. The presence of ample gas in North Sea & nearby regions and growing investments into gas-fired power generation to meet the rising demand for power in the region has created a positive environment for the growth of gas engine market.
The Key Market Players envolved in the global gas engines markets are: General Electric Company (U.S.), Caterpillar Inc. (U.S.), Wärtsilä (Finland), Rolls-Royce Holdings plc (U.K), Cummins Inc. (U.S), Siemens AG (Germany), Man SE (Germany), Kawasaki Heavy Industries, Ltd. (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), Deutz AG (Germany), Yanmar Co., Ltd. (Japan) and Doosan Infracore (South Korea).
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