South and Central America Gas Engine Market

Market Introduction

This research report on the “South & Central America Gas Engine Market” provides a holistic view of the market size across South & Central America. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends pertaining to the market growth.

Moreover, the increasing focus on development of efficient fuel engines to boost the market growth is driving the market’s growth. However, escalating popularity of renewable energy alternatives and technological drawbacks in several countries critically impacts the growth of the market.

Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, Ecuador, and Argentina, among others. SAM governments have taken an array of actions to protect its citizens and contain COVID-19’s spread and therefore imposed lockdowns to restrict social distancing. The lockdown has resulted in the closure of organizations temporarily in the region to control the spread of the virus. It is anticipated that SAM will require lesser electricity. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter and is expected to rebound once the pandemic is contained.

South and Central America Gas Engine Strategic Insights

Strategic insights for the South and Central America Gas Engine provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South and Central America Gas Engine Report Scope

South and Central America Gas Engine Regional Insights

The geographic scope of the South and Central America Gas Engine refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The South & Central America gas engine market is expected to reach US$ 239.6 million by 2028 from US$ 181.1 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021–2028. The electric power, automotive, manufacturing, and transportation industries, among others, in developing countries are highly dependent on fossil fuels. Rise in population and the lack of supporting infrastructure for electric technologies are the major factors supporting the gas engine market. Electric motors, electric devices, solar plants, and wind projects are more expensive than gas engines, which is driving the preference of various countries toward gas engines as an environment-friendly solution. Further, improvements in the emission norms for diesel engines for which various industries are shifting on gas engines for low emissions. The demand for natural gas is increasing in developing countries due to the rising popularity of low-emission fuels. The developing of developing countries on fossil fuels and gas engines is providing a strong growth opportunity for the gas engine market players.

Key Market Segments

In terms of fuel type, the natural gas segment accounted for the largest share of the South & Central America gas engine market in 2020. In terms of power output, the 300-500 kW segment accounted for the largest share of the South & Central America gas engine market in 2020. In terms of end-user, the heavy industries segment accounted for the largest share of the South & Central America gas engine market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the gas engine market in South & Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Caterpillar Inc.; Cummins Inc.; Fairbanks Morse, LLC; Kawasaki Heavy Industries, Ltd.; Liebherr; MAN SE; Mitsubishi Heavy Industries, Ltd.; Wärtsilä Corporation; MTU (Rolls-Royce Power Systems AG); and 2G ENERGY AG.

Reasons to Buy Report

• To understand the South & Central America gas engine market landscape and identify market segments that are likely to guarantee a strong return
• To comprehend the ever-changing market landscape and stay ahead in competition
• To efficiently plan merger and acquisition, and partnership deals in the South & Central America gas engine market by identifying segments with the most promising probable sales
• To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
• To obtain market revenue forecast of the South & Central America gas engine market based on various segments for the period 2021–2028

SOUTH & CENTRAL AMERICA GAS ENGINE MARKET SEGMENTATION

By Fuel Type

• Natural Gas
• Special Gas

By Power Output

• 100-300 kW
• 300 - 500 kW
• 0.5-1 MW
• 1-2 MW
• 2-5 MW
• 5-10 MW
• 10-20 MW

By End-User

• Remote

1. Mining
2. Drilling
3. Others

• Mid-Stream Oil & Gas
• Heavy Industries

1. Chemicals
2. Paper
3. Metals
4. Food and Beverages
5. Others

• Light Manufacturing
• Utilities

1. Grid
2. IPP
3. Others

• Biogas
• Datacenters
• MUSH
• Commercial

By Country

• South & Central America
• Brazil
• Argentina
• Rest of South & Central America

Companies Mentioned

1. Caterpillar Inc.
2. Cummins Inc.
3. Fairbanks Morse, LLC
4. Kawasaki Heavy Industries, Ltd.
5. Liebherr; MAN SE
6. Mitsubishi Heavy Industries, Ltd.
7. Wärtsilä Corporation
8. MTU (Rolls-Royce Power Systems AG)
9. 2G ENERGY AG