Oil and Gas Engines Market Set to Reach USD 196 Million, Propelled by Growing Energy Demands, with a CAGR of 6.7% during 2023-2029
The global Oil and Gas Engines market size was valued at USD 124.5 million in 2022 and is forecast to a readjusted size of USD 196 million by 2029 with a CAGR of 6.7% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.Engines for the oil and gas industry power the oil and gas industry, including all stages of oil and gas exploration, production, transportation, storage, and refining.
This report is a detailed and comprehensive analysis for global Oil and Gas Engines market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
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Key Features:
- Global Oil and Gas Engines market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
- Global Oil and Gas Engines market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
- Global Oil and Gas Engines market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
- Global Oil and Gas Engines market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2018-2023
The Primary Objectives in This Report Are:
- To determine the size of the total market opportunity of global and key countries
- To assess the growth potential for Oil and Gas Engines
- To forecast future growth in each product and end-use market
- To assess competitive factors affecting the marketplace
This report profiles key players in the global Oil and Gas Engines market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Caterpillar, Wärtsilä, Yanmar, Cummins and Kubota, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
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Market Segmentation
Oil and Gas Engines market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Diesel Engines
- Gas Engines
- Others
Market segment by Application
- Generation
- Transportation
- Industrial Equipment
- Others
Major players covered
- Caterpillar
- Wärtsilä
- Yanmar
- Cummins
- Kubota
- Rolls-Royce
- Soar Power Group
- John Deere
- Scania
- Volvo Penta
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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