The global gas engine market is witnessing a significant growth during the forecasted period. One of the factors that is likely to propel the market growth is the increasing demand for electricity.
The advent of dual fuel engines is boosting the market growth
Growing urbanization, globalization, and the changing lifestyles are collectively expected to responsible for the increasing demand of electricity. This factor is particularly driving the growth of the global gas engines market. The rising demand for undisruptive and reliable power supply across the globe on the backdrop of development of commercial infrastructure and industrial expansion is thriving the growth of the global market for the gas engine. Besides, increasing need for the greenhouse effect and reducing air pollution is likely to fuel the growth of the market over the anticipated period.
The rapid growth of gas-based power supply is likely to support the demand for the global market for a gas engine in the near future. The advent of dual fuel engines is one of the latest trends that boost the growth of the market because they offer a high energy twist and efficiency power feature that provides long term reliability to the engines.
Global Gas Engines Market: segmental Analysis
The global market for gas engines is segmented into product type and applications. Based on the product type, the market is segmented into above 10MW, 0.5-5MW, and 5-10MW. On the basis of the application segment, the global gas engine market is segmented into Co-Generation, and Power Generation.
Global Gas Engines Market: Top Players
Eleven companies that participate into the global market for gas engines are JDEC, General Electric, Liebherr, Caterpillar, Mitsubishi Heavy Industries, Kawasaki Heavy Industries, MAN SE, Rolls-Royce, Wartsila, Dresser-Rand, and Cummins.
Global Gas Engines Market: Competitive Landscape
The market is characterized by the presence of various gas engine companies and it is expected some of the key players such as Caterpillar, General Electric, and Kawasaki Heavy Industries will dominate the market during the projected period. The gas engine market is highly competitive and is constantly focusing on new product development and the energy efficiency of the existing product. This will helps the manufacturers to increase their revenue shares and remain competitive in the market.
Rolls-Royce is set to announce its Quarterly Earnings on February 28, 2019
Rolls-Royce will be publishing its quarterly earnings on February 28, 2019. The shares of the company as on February 26, 2019, was $12.78. The company’s market capitalization is $24.33 Bn, a beta is 0.92, a PE ratio is 24.58, and a price-to-earnings-growth ratio is 2.10. Rolls-Royce’s current ratio is 1.19, a debt-to-equity ratio is 4.73, and a quick ratio is 0.88. The firm has a year low of $9.50 and a year high of $14.55. Rolls-Royce has an average ration on hold and the consensus target price is $13.00.
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