According to the research report, “Global Gas Engine Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 7 Billion by 2029, increasing from USD 5.41 Billion in 2023. The market is expected to grow with a 4.78% CAGR from 2024 to 2029.

 Top Six Compaies in the Gas Engine Market

Cummins Inc: Cummins Inc., is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Company serve customers through a service network of
approximately 450 wholly-owned, joint venture and independent distributor locations and more than 19,000 Cummins certified dealer locations in approximately 190 countries
and territories.

• Established: 1919

• Headquarters:  Indiana, United States

• Employees: 59,900

• Revenue: USD 34,065 Million

Caterpillar Inc: Caterpillar does business on every continent, principally operating through three primary segments  Construction Industries, Resource Industries and Energy & Transportation and providing financing and related services through Financial Products segment. . It designs, manufactures, markets and sells construction and mining equipment, industrial gas turbines, forestry equipment, diesel-electric locomotives, and diesel and natural gas engines. The company’s product portfolio includes asphalt pavers, backhoe loaders, compactors, draglines, integrated systems, reciprocating engines and many other.

• Established: 1925

• Headquarters:  Texas, United States

• Employees: 59,900

• Revenue: USD 67,060 Million 

Rolls-Royce Holdings plc; Rolls-Royce Holdings plc (Rolls-Royce) designs, develops, and manufactures power and propulsion systems. The company's product portfolio comprises aircraft and helicopter engines, combat jet engines, unmanned aerial vehicle engines, and nuclear reactors. It also develops, manufactures, and markets naval engines, submarine nuclear power plants, small modular reactor and new electrical power solutions. Rolls-Royce serves civil and defense aerospace, naval, submarines, land, defense services, advanced technology, marine, power, and nuclear energy markets. Rolls-Royce Holdings plc is listed on the London Stock Exchange, where it is a constituent of the FTSE 100 Index.

• Established: 2011

• Headquarters:  Manchester, United Kingdom

• Employees: 44,000

• Revenue: 16, 488 Million GBP

Honda Motor Co., Ltd: Honda Motor Co., Ltd. is a Japanese multinational conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan.The company produces passenger cars, light trucks, and mini-vehicles; and general-purpose engines, outboard marine engines, lawnmowers, riding mowers, water pumps, brush cutters, tillers, walking assist devices, snow blowers, robotic mowers, generators, and portable battery inverter power sources.

• Established: 1948

• Headquarters:  Tokyo, Japan

• Employees: 44,000

• Revenue: 10, 797, 613  Million Yen

Kawasaki Heavy Industries Ltd: Kawasaki Heavy Industries Ltd.  is a Japanese public multinational corporation manufacturer of motorcycles, engines, heavy equipment, aerospace and defense equipment, rolling stock and ships, headquartered in Minato, Tokyo, Japan. It is also active in the production of industrial robots, gas turbines, pumps, boilers and other industrial products.

• Established: 1896

• Headquarters:  Tokyo, Japan

• Employees: 36,587

• Revenue: 17, 256, 600  Million Yen

Wärtsilä Oyj Abp: Wärtsilä Oyj Abp, trading internationally as Wärtsilä Corporation, is a Finnish company which manufactures and services power sources and other equipment in the marine and energy markets. The Company global passionate team of 17,500 energy and maritime experts in 200 locations in more than 70 countries is committed to shaping decarbonisation transformation of industries across the globe.

• Established: 1834

• Headquarters: Helsinki, Finland

• Employees: 17,585

• Revenue: 6015  Million Euro