| Product Code: ETC6159850 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Armenia gas engine market witnessed a notable decline in import momentum from 2023 to 2024, with a growth rate of -57.89%. However, the compound annual growth rate (CAGR) for imports between 2020 and 2024 stood at an impressive 100.0%. This decline in 2024 could be attributed to shifts in demand dynamics or changes in trade policies impacting the market`s stability.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Gas Engine Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Gas Engine Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Gas Engine Market - Industry Life Cycle |
3.4 Armenia Gas Engine Market - Porter's Five Forces |
3.5 Armenia Gas Engine Market Revenues & Volume Share, By Fuel Type, 2022 & 2032F |
3.6 Armenia Gas Engine Market Revenues & Volume Share, By Power Output, 2022 & 2032F |
3.7 Armenia Gas Engine Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.8 Armenia Gas Engine Market Revenues & Volume Share, By End-use Industry, 2022 & 2032F |
4 Armenia Gas Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and efficient power generation solutions in Armenia |
4.2.2 Growing focus on reducing greenhouse gas emissions and transitioning towards cleaner energy sources |
4.2.3 Government initiatives and incentives to promote the use of gas engines in various industries |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with gas engine technology |
4.3.2 Lack of infrastructure for natural gas distribution and refueling stations |
4.3.3 Intense competition from alternative energy sources such as solar and wind power |
5 Armenia Gas Engine Market Trends |
6 Armenia Gas Engine Market, By Types |
6.1 Armenia Gas Engine Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Gas Engine Market Revenues & Volume, By Fuel Type, 2022-2032F |
6.1.3 Armenia Gas Engine Market Revenues & Volume, By Natural Gas, 2022-2032F |
6.1.4 Armenia Gas Engine Market Revenues & Volume, By Special Gas, 2022-2032F |
6.1.5 Armenia Gas Engine Market Revenues & Volume, By Others, 2022-2032F |
6.2 Armenia Gas Engine Market, By Power Output |
6.2.1 Overview and Analysis |
6.2.2 Armenia Gas Engine Market Revenues & Volume, By 0.5-1 Mw, 2022-2032F |
6.2.3 Armenia Gas Engine Market Revenues & Volume, By 1.1-2 Mw, 2022-2032F |
6.2.4 Armenia Gas Engine Market Revenues & Volume, By 2.1-5 Mw, 2022-2032F |
6.2.5 Armenia Gas Engine Market Revenues & Volume, By 5.1-15 Mw, 2022-2032F |
6.2.6 Armenia Gas Engine Market Revenues & Volume, By Above 15 Mw, 2022-2032F |
6.3 Armenia Gas Engine Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Armenia Gas Engine Market Revenues & Volume, By Power Generation, 2022-2032F |
6.3.3 Armenia Gas Engine Market Revenues & Volume, By Co-generation, 2022-2032F |
6.3.4 Armenia Gas Engine Market Revenues & Volume, By Mechanical Drive, 2022-2032F |
6.3.5 Armenia Gas Engine Market Revenues & Volume, By Others, 2022-2032F |
6.4 Armenia Gas Engine Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Armenia Gas Engine Market Revenues & Volume, By Utilities, 2022-2032F |
6.4.3 Armenia Gas Engine Market Revenues & Volume, By Manufacturing, 2022-2032F |
6.4.4 Armenia Gas Engine Market Revenues & Volume, By Oil & Gas, 2022-2032F |
6.4.5 Armenia Gas Engine Market Revenues & Volume, By Marine, 2022-2032F |
6.4.6 Armenia Gas Engine Market Revenues & Volume, By Others, 2022-2032F |
7 Armenia Gas Engine Market Import-Export Trade Statistics |
7.1 Armenia Gas Engine Market Export to Major Countries |
7.2 Armenia Gas Engine Market Imports from Major Countries |
8 Armenia Gas Engine Market Key Performance Indicators |
8.1 Average fuel efficiency of gas engines in Armenia |
8.2 Adoption rate of gas engines in key industries (e.g., manufacturing, agriculture) |
8.3 Number of government policies supporting the use of gas engines for power generation |
8.4 Percentage of energy generated in Armenia from gas engines |
9 Armenia Gas Engine Market - Opportunity Assessment |
9.1 Armenia Gas Engine Market Opportunity Assessment, By Fuel Type, 2022 & 2032F |
9.2 Armenia Gas Engine Market Opportunity Assessment, By Power Output, 2022 & 2032F |
9.3 Armenia Gas Engine Market Opportunity Assessment, By Application, 2022 & 2032F |
9.4 Armenia Gas Engine Market Opportunity Assessment, By End-use Industry, 2022 & 2032F |
10 Armenia Gas Engine Market - Competitive Landscape |
10.1 Armenia Gas Engine Market Revenue Share, By Companies, 2025 |
10.2 Armenia Gas Engine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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