| Product Code: ETC4675098 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Canada gas engines market, imports experienced a notable growth trend from 2023 to 2024, with a growth rate of 7.34%. The compound annual growth rate (CAGR) for imports between 2020 and 2024 stood at 19.25%. This increase in import momentum can be attributed to a shift in demand towards more efficient and environmentally friendly gas engine technologies in the market.
The Canadian gas engines market is driven by a growing demand for efficient and environmentally friendly power solutions in various sectors, including industrial, commercial, and residential applications. Advances in gas engine technology have led to improved performance and reduced emissions, making them a preferred choice for both backup and primary power generation. The market benefits from Canada`s abundant natural gas resources, which support the use of gas engines over alternative power sources. Additionally, government incentives for cleaner energy solutions and the push for sustainable development further bolster market growth.
The growth of the Canada Gas Engines Market is driven by the increasing demand for energy-efficient and environmentally friendly power generation solutions. With advancements in technology, gas engines have become more reliable and cost-effective compared to traditional diesel engines. The Canadian government`s focus on reducing greenhouse gas emissions and promoting cleaner energy sources further supports the adoption of gas engines. Additionally, the expansion of the natural gas infrastructure and the rise in industrial activities contribute to the market`s growth.
The Canada gas engines market faces challenges related to environmental regulations and emission standards. Stringent government policies aimed at reducing greenhouse gas emissions compel manufacturers to innovate and develop cleaner technologies, which can increase costs. Additionally, fluctuations in fuel prices and supply chain disruptions impact the overall cost-effectiveness and availability of gas engines. Market participants must also contend with competition from alternative energy sources and technologies.
In Canada, government policies on the gas engines market focus on environmental regulations and emissions standards. The federal and provincial governments have introduced stringent emission standards to reduce greenhouse gas emissions and promote cleaner technologies. Incentives and subsidies are available for adopting advanced, low-emission gas engines, and there is ongoing support for research and development in this area. Policies also emphasize the transition to renewable energy sources, impacting the gas engines market by encouraging innovations that align with climate goals.
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 Canada Gas Engines Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Gas Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Canada Gas Engines Market - Industry Life Cycle |
3.4 Canada Gas Engines Market - Porter's Five Forces |
3.5 Canada Gas Engines Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Canada Gas Engines Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.7 Canada Gas Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Canada Gas Engines Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Canada Gas Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural gas as a cleaner alternative to traditional fuels |
4.2.2 Government initiatives promoting the use of gas engines for power generation |
4.2.3 Growing focus on energy efficiency and sustainability in industrial operations |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with gas engines |
4.3.2 Fluctuating natural gas prices affecting operational costs |
4.3.3 Limited availability of infrastructure for natural gas distribution in certain regions |
5 Canada Gas Engines Market Trends |
6 Canada Gas Engines Market Segmentations |
6.1 Canada Gas Engines Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Gas Engines Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.3 Canada Gas Engines Market Revenues & Volume, By Special Gas, 2021-2031F |
6.1.4 Canada Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
6.2 Canada Gas Engines Market, By Power Output |
6.2.1 Overview and Analysis |
6.2.2 Canada Gas Engines Market Revenues & Volume, By 0.5? ??1 MW, 2021-2031F |
6.2.3 Canada Gas Engines Market Revenues & Volume, By 1? ??2 MW, 2021-2031F |
6.2.4 Canada Gas Engines Market Revenues & Volume, By 2? ??5 MW, 2021-2031F |
6.2.5 Canada Gas Engines Market Revenues & Volume, By 5? ??10 MW, 2021-2031F |
6.2.6 Canada Gas Engines Market Revenues & Volume, By ? 10? ??20 MW, 2021-2031F |
6.3 Canada Gas Engines Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Canada Gas Engines Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.3 Canada Gas Engines Market Revenues & Volume, By Cogeneration, 2021-2031F |
6.3.4 Canada Gas Engines Market Revenues & Volume, By Mechanical Drive, 2021-2031F |
6.3.5 Canada Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
6.4 Canada Gas Engines Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Canada Gas Engines Market Revenues & Volume, By Utilities, 2021-2031F |
6.4.3 Canada Gas Engines Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.4 Canada Gas Engines Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.5 Canada Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
7 Canada Gas Engines Market Import-Export Trade Statistics |
7.1 Canada Gas Engines Market Export to Major Countries |
7.2 Canada Gas Engines Market Imports from Major Countries |
8 Canada Gas Engines Market Key Performance Indicators |
8.1 Average efficiency of gas engines in the market |
8.2 Adoption rate of gas engines in key industries such as manufacturing and power generation |
8.3 Number of new government policies or incentives supporting the use of gas engines |
9 Canada Gas Engines Market - Opportunity Assessment |
9.1 Canada Gas Engines Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Canada Gas Engines Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.3 Canada Gas Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Canada Gas Engines Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Canada Gas Engines Market - Competitive Landscape |
10.1 Canada Gas Engines Market Revenue Share, By Companies, 2024 |
10.2 Canada Gas Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |