Thailand Gas Engine Market Overview, 2029

The gas engine market possesses a rich history and continues to adapt, fulfilling a vital role in numerous industries, from automotive to power generation. Gas engines, fueled by natural gas or LPG, are crucial for generating power, both in small scale and large industrial applications. Their history traces back to the late 19th century when internal combustion engines initially gained traction as a dependable alternative to steam engines. In 1876, Nikolaus Otto created the first four-stroke internal combustion engine, which established the groundwork for contemporary gas engines. This engine was fueled by petroleum, but as time passed, gas engines began utilizing natural gas due to its affordability and availability. During the early 20th century, gas engines became widely used in industrial and agricultural sectors, powering generators, pumps, and irrigation systems. The automotive sector also adopted gas engines, particularly with the advent of mass production methods by Henry Ford in the 1910s. Ford’s Model T, driven by an internal combustion engine, emerged as the first economical vehicle for the mass market, igniting the widespread acceptance of gas-powered automobiles. By the mid-20th century, the evolution of natural gas engines for electricity generation became an essential component of global energy systems. These engines proved to be more efficient and environmentally conscious compared to coal-based facilities. The energy crisis of the 1970s prompted further developments in gas engine technology, enhancing their popularity for both on-grid and off-grid power options. Currently, the gas engine market is still expanding due to the rising demand for cleaner energy options and effective power generation strategies. Technological advancements in engine design, such as turbocharging and hybrid systems, continue to propel growth in industries like automotive, power, and industrial machinery. With an emphasis on minimizing carbon emissions, gas engines remain crucial to the global transition towards more sustainable energy solutions.

According to the research report, "Thailand gas engine Market Overview, 2029," published by Bonafide Research, the Thailand gas engine market is anticipated to grow at more than 6.59% CAGR from 2024 to 2029. The gas engine market has been greatly affected by the COVID-19 pandemic, which disrupted international supply chains, decreased demand in multiple industries, and caused production and project delays. The automotive and power generation industries, primary users of gas engines, faced temporary slowdowns due to lockdowns, decreased industrial activity, and changes in consumer habits. Nonetheless, the market began to recover as economies reopened and the demand for efficient energy generation and cleaner transportation solutions began to gain attraction. Key growth elements propelling the gas engine market include the increasing demand for cleaner energy sources, enhancements in efficiency, and the rising utilization of natural gas in power generation. Natural gas is regarded as a transitional fuel for diminishing carbon emissions when compared to coal and oil. The efficiency of contemporary gas engines, particularly in combined heat and power (CHP) systems, has made them a favored option for both industrial and residential power generation. The increasing emphasis on sustainable energy solutions, including decentralized power systems and the integration of renewable energy, additionally enhances the market. Policies and regulations play a crucial role in influencing the gas engine market. Governments across the globe are encouraging cleaner technologies and energy efficiency through incentives and regulations. The European Union, for example, has strict emissions standards that promote the adoption of natural gas engines, specifically in transportation. In the United States of America, the Energy Policy Act encourages the use of natural gas and propane engines, benefiting both industrial and automotive sectors. The timeline of gas engines traces back to the late 19th century with Nikolaus Otto's creation of the four-stroke internal combustion engine. Over the years, the application of gas engines broadened into various sectors, from agriculture to automotive. Currently, gas engines are fundamental to electricity generation, with technological advancements enhancing their efficiency and minimizing emissions, which continue to facilitate their global adoption.

Gas engines mainly utilize natural gas and specialized gases as fuel sources, providing benefits in terms of efficiency, cost-effectiveness, and environmental impacts relative to conventional fuels like coal or diesel. These engines are extensively employed in power generation, transportation, and industrial sectors due to their capacity to produce energy in a clean and efficient manner. Natural gas is the most frequently utilized fuel in gas engines. It primarily consists of methane (CH?), a highly flammable hydrocarbon. The adoption of natural gas in gas engines is motivated by its lower carbon content in comparison to oil and coal, rendering it a cleaner choice for minimizing greenhouse gas emissions. Natural gas engines are extensively deployed for power generation, notably in combined heat and power (CHP) systems, which provide both electricity and thermal energy. They are additionally employed in automotive sectors, such as natural gas vehicles (NGVs), which deliver reduced emissions and lower operational expenses compared to traditional gasoline or diesel vehicles. The increasing acceptance of natural gas, bolstered by the plentiful availability of shale gas in numerous areas, positions it as an appealing alternative for energy production and transportation. Special gases, which include liquefied petroleum gas (LPG), biogas, and synthetic natural gas (SNG), are similarly employed in gas engines. LPG, a blend of propane and butane, is commonly used in regions where natural gas supply is not accessible. Biogas, mainly made up of methane, is generated from organic waste such as agricultural byproducts or landfill gases. It can be utilized in gas engines for renewable energy production, aiding in a circular economy. Synthetic natural gas (SNG) is generated by transforming coal, biomass, or other hydrocarbons into methane. It is utilized similarly to natural gas in gas engines, providing versatility in fuel sources.

The gas engine market is divided by different applications, each of which is essential in industries ranging from energy production to mechanical drives. These applications utilize the efficiency, dependability, and eco-friendly attributes of gas engines. The primary applications consist of power generators, co-generation systems, and mechanical drives. Gas engines are extensively utilized in energy production owing to their high efficiency and reduced emissions compared to conventional coal or diesel generators. In both grid-linked and off-grid situations, natural gas-powered generators provide a cost-efficient and cleaner option. They are especially beneficial in regions with inconsistent grid infrastructure, where small to medium-sized power plants deliver a stable and continuous energy supply. Gas engines are additionally used in peaking power plants, which assist in fulfilling electricity demand during peak periods. The capability to quickly initiate and deliver power renders them a versatile solution in energy production .Co-generation (Combined Heat and Power - CHP):Co-generation or CHP systems utilize gas engines to concurrently produce electricity and useful heat, enhancing overall efficiency. These systems are used in sectors such as manufacturing, chemical processing, and district heating, where both electricity and thermal energy are necessary. By harnessing the waste heat from gas engines, co-generation systems attain higher energy efficiency rates, often surpassing 80%. This dual-purpose application decreases fuel consumption, reduces energy expenses, and aids in sustainability by lessening emissions. The increasing focus on energy efficiency and environmental regulations is propelling the adoption of CHP systems across diverse sectors. Gas engines are also employed in mechanical drive applications where they supply direct power to machinery. These applications encompass compressors, pumps, and fans, typically used in industries like oil and gas, mining, and agriculture. Gas engines deliver dependable and efficient power for heavy-duty industrial machinery, providing benefits such as lower operating costs and diminished emissions.


Considered in this report
• Geography: Global
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029



Aspects covered in this report
• Global Gas Engine Market with its value and forecast along with its segments
• Region & country wise Gas Engine market analysis
• Application wise Gas Engine distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Fuel Type
• Natural Gas
• Special Gas
• Others

By Power Output
• 0.5-1 MW
• 1.1-2 MW
• 2.1-5 MW
• 5.1-15 MW
• Above 15 MW

By Application
• Power Generation
• Co-generation
• Mechanical Drive
• Others

By End-use industry
• Utilities
• Manufacturing
• Oil & Gas
• Marine
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agriculture industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.