LATIN AMERICA GAS ENGINE MARKET 2019-2027

Automotive & Transportation | Automotive Components

LATIN AMERICA GAS ENGINE MARKET 2019-2027

Market By Fuel Type, Power, Application, End-user, And Geography | Forecast 2019-2027

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According to a Triton research report, the Latin America gas engine market would proliferate at a CAGR of 6.43% over the forecast period of 2019-2027.

The countries reviewed in the report on Latin America’s gas engine market are:

•           Brazil

•           Mexico

•           Rest of Latin America

The abundance of natural gas resources, as well as the several energy reforms, have fueled the demand for the gas engine market in Mexico, thereby, leading to its growth. In 2017, 58% of the total electricity was generated using natural gas. Energy reforms were introduced in the country in 2013-2014, that transformed Mexico’s natural gas industry and boosted the growth of the gas engine market.

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Data from the National Hydrocarbons Commission (CNH) suggests that 61% of the total energy consumed (for purposes such as household, transport, and commercial use), was generated from the natural gas imported into the country. It has been estimated that, by 2021, Mexico would generate 35% of its power from renewable energy sources, three years before the set target of 2004. Energy reforms in the country helped devise transition strategies for the efficient use of renewable sources and clean technologies. The country intends to generate 50% of its power using renewable energy sources, by the year 2050.

In addition, the Government of Mexico has been providing incentives to the public as well as vehicle service providers, to promote the adoption of electric vehicles, as this would lead to a decrease in the pollution levels. The year 2017 saw an increase of 67.3% (on a y-o-y basis) in the sales of electric vehicles sold in the country.

Cummins Inc., is involved in designing, manufacturing, and distributing diesel & natural gas engines and engine-related component products across the world. It operates through four primary business verticals: Engine, Components, Distribution, and Power Systems. The company has been making sustainable progress in this field and has excelled for more than 90 years. It operates across the regions of Latin America, Asia-Pacific, Europe, North America, and the Middle East.

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Table of Content

1. LATIN AMERICA 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

2.4.1.   COST

2.4.2.   EFFICIENCY

2.4.3.   EMISSION

2.4.4.   MAINTENANCE

2.4.5.   FLEXIBILITY

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. LATIN AMERICA GAS ENGINE MARKET OUTLOOK – BY FUEL TYPE

3.1. NATURAL GAS

3.2. SPECIAL GAS

3.3. OTHER GAS

4. LATIN AMERICA 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. LATIN AMERICA GAS ENGINE MARKET OUTLOOK – BY APPLICATION

5.1. POWER GENERATION

5.2. CO-GENERATION

5.3. OTHER APPLICATIONS

6. LATIN AMERICA GAS ENGINE MARKET OUTLOOK – BY END-USER

6.1. UTILITIES

6.2. MANUFACTURING

6.3. OIL & GAS

6.4. TRANSPORTATION

6.5. OTHER END-USERS

7. LATIN AMERICA GAS ENGINE MARKET – REGIONAL OUTLOOK

7.1. BRAZIL

7.2. MEXICO

7.3. REST OF LATIN AMERICA

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. WÄRTSILÄ 

9. METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA GAS ENGINE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: NATURAL GAS PRICES (DOLLARS PER THOUSAND CUBIC FEET)

TABLE 5: COMPARISON OF CARBON DIOXIDE EMISSION LEVELS FOR DIFFERENT FUELS (1990-2040) (MILLION METRIC TONS)

TABLE 6: LATIN AMERICA GAS ENGINE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 7: LATIN AMERICA GAS ENGINE MARKET, BY FUEL TYPE, 2019-2027 (IN $ MILLION)

TABLE 8: LATIN AMERICA GAS ENGINE MARKET, BY POWER, 2019-2027 (IN $ MILLION)

TABLE 9: LATIN AMERICA GAS ENGINE MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 10: LATIN AMERICA GAS ENGINE MARKET, BY END-USER, 2019-2027 (IN $ MILLION)

TABLE 11: LATIN AMERICA GAS ENGINE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1: LATIN AMERICA GAS ENGINE MARKET, BY FUEL TYPE, 2018 & 2027 (IN %)

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: MARKET ATTRACTIVENESS INDEX

FIGURE 5: LATIN AMERICA GAS ENGINE MARKET, BY NATURAL GAS, 2019-2027 (IN $ MILLION)

FIGURE 6: LATIN AMERICA GAS ENGINE MARKET, BY SPECIAL GAS, 2019-2027 (IN $ MILLION)

FIGURE 7: LATIN AMERICA GAS ENGINE MARKET, BY OTHER GAS, 2019-2027 (IN $ MILLION)

FIGURE 8: LATIN AMERICA GAS ENGINE MARKET, BY 0.5 MW-1.0 MW, 2019-2027 (IN $ MILLION)

FIGURE 9: LATIN AMERICA GAS ENGINE MARKET, BY 1.0-2.0 MW, 2019-2027 (IN $ MILLION)

FIGURE 10: LATIN AMERICA GAS ENGINE MARKET, BY 2.0-5.0 MW, 2019-2027 (IN $ MILLION)

FIGURE 11: LATIN AMERICA GAS ENGINE MARKET, BY 5.0 MW-10.0 MW, 2019-2027 (IN $ MILLION)

FIGURE 12: LATIN AMERICA GAS ENGINE MARKET, BY 10.0 MW-20.0 MW, 2019-2027 (IN $ MILLION)

FIGURE 13: LATIN AMERICA GAS ENGINE MARKET, BY POWER GENERATION, 2019-2027 (IN $ MILLION)

FIGURE 14: LATIN AMERICA GAS ENGINE MARKET, BY CO-GENERATION, 2019-2027 (IN $ MILLION)

FIGURE 15: LATIN AMERICA GAS ENGINE MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 16: LATIN AMERICA GAS ENGINE MARKET, BY UTILITIES, 2019-2027 (IN $ MILLION)

FIGURE 17: LATIN AMERICA GAS ENGINE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 18: LATIN AMERICA GAS ENGINE MARKET, BY OIL & GAS, 2019-2027 (IN $ MILLION)

FIGURE 19: LATIN AMERICA GAS ENGINE MARKET, BY TRANSPORTATION, 2019-2027 (IN $ MILLION)

FIGURE 20: LATIN AMERICA GAS ENGINE MARKET, BY OTHER END-USERS, 2019-2027 (IN $ MILLION)

FIGURE 21: LATIN AMERICA GAS ENGINE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 22: LATIN AMERICA GAS ENGINE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: BRAZIL GAS ENGINE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: MEXICO GAS ENGINE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: REST OF LATIN AMERICA GAS ENGINE MARKET, 2019-2027 (IN $ MILLION)

 

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