Middle East and Africa Gas Engine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fuel Type (Natural Gas, and Special Gas), Power Output (100 - 300 kW, 300-500kW, 05- 1 MW, 1-2 MW, 2-5 MW, 5-10 MW, and 10-20 MW), End-User (Remote, Mid-S

Middle East and Africa Gas Engine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fuel Type (Natural Gas, and Special Gas), Power Output (100 - 300 kW, 300-500kW, 05- 1 MW, 1-2 MW, 2-5 MW, 5-10 MW, and 10-20 MW), End-User (Remote, Mid-Stream Oil and Gas, Heavy Industries, Light Manufacturing, Utilities, Biogas, Datacenters, MUSH, and Commercial)

The Middle East & Africa gas engine market is expected to reach US$ 618.9 million by 2028 from US$ 375.0 million in 2021; it is estimated to grow at a CAGR of 7.4% during 2021-2028. The electric power, automotive, manufacturing, and transportation industries, among others, in developing countries, are highly dependent on fossil fuels. A 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 drives the preference of various countries toward gas engines as an environment-friendly solution. Further, improvements in emission norms for diesel engines are driving the traction toward gas engines for low emissions. The demand for natural gas is increasing in developing countries due to the rising popularity of low-emission fuels. Ongoing advancements in developing countries on the back of fossil fuels and gas engines are providing strong growth opportunities for the gas engine market players in the Middle East and Africa.

Based on fuel type, the natural gas segment is expected to register the largest market share during the forecast period. Moreover, the same segment is estimated to register the highest CAGR during the forecast period. In 2021, fossil fuel combustion is the largest contributor to the Middle East & Africa air pollution, which is creating negative effects on the natural environment. To reduce the consumption of fossil fuels and pollution, rapid R&D activities are being carried out, owing to which the importance of natural gases has increased. Natural gases are emerging as a promising solution to reduce diesel and petrol consumption. Stringent emission standards, Middle East & Africa warming, and increasing CO2 legislation are the prominent factors increasing the adoption of natural gas engines. The rich mixture of hydrocarbons in natural gases and easy availability in almost every nation due to strong penetration is augmenting the segment growth. The benefits of the natural gas are low emission, clean burning, and lower cost than fossil fuels.

While the COVID-19 pandemic, as well as historically low oil prices, are disrupting the economies of Gulf countries, the pandemic has proved the region’s technology pliability. However, the region demonstrated a greater focus on industrialization amid the global crisis. The Institute of Chartered Accountants in England and Wales (ICAEW) predicted a sharp slowdown in the economy of the Middle East in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback. Further, the Middle East economy started reviving in the second half of 2020, after demand and supply sides started rebuilding during that period.

The overall Middle East & Africa gas engine market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Middle East & Africa gas engine market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Middle East & Africa gas engine market. Companies adopt a few strategies, such as mergers and acquisitions and market initiatives, which promotes market growth. Caterpillar Inc.; Cummins Inc.; R Schmitt Enertec GmbH; Kawasaki Heavy Industries, Ltd.; Liebherr; MAN SE; Mitsubishi Heavy Industries, Ltd.; Wärtsilä Corporation; MTU (Rolls-Royce Power Systems AG); and 2G ENERGY AG are among the major players operating in the market.

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