| Product Code: ETC4675107 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus continues to rely on imports of gas engines, with top exporters in 2024 being Belgium, Netherlands, China, Greece, and South Korea. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw impressive growth with a CAGR of 37.51% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -11.89%. This data suggests a dynamic market with opportunities for further development and competition among the key exporting countries.

The gas engines market in Cyprus is developing as industries seek cleaner and more efficient energy solutions. Gas engines are increasingly used in power generation and transportation, contributing to the transition towards sustainable energy sources.
The Gas Engines Market in Cyprus is driven by the increasing demand for cleaner and more efficient energy solutions. As industries seek to reduce their carbon footprint and comply with environmental regulations, the adoption of gas engines for power generation and transportation becomes more attractive. The growth of the natural gas sector and the emphasis on renewable energy sources support the demand for gas engines. Additionally, advancements in engine technologies improve performance, reliability, and efficiency, contributing to the market`s expansion.
The gas engines market encounters challenges linked to fluctuating demand from various sectors, including power generation and transportation. Companies must navigate the complexities of supply chain management while ensuring compliance with environmental regulations. Additionally, competition from alternative energy solutions can pressure manufacturers to innovate and enhance their product offerings.
To support sustainable energy solutions, the government promotes the gas engines market. Policies encourage the development of high-efficiency gas engines that comply with environmental standards. Financial support is available for manufacturers focused on innovating in gas engine technologies for various applications.
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 Cyprus Gas Engines Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Gas Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Gas Engines Market - Industry Life Cycle |
3.4 Cyprus Gas Engines Market - Porter's Five Forces |
3.5 Cyprus Gas Engines Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Cyprus Gas Engines Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.7 Cyprus Gas Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Cyprus Gas Engines Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Cyprus Gas Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Gas Engines Market Trends |
6 Cyprus Gas Engines Market Segmentations |
6.1 Cyprus Gas Engines Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Gas Engines Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.3 Cyprus Gas Engines Market Revenues & Volume, By Special Gas, 2021-2031F |
6.1.4 Cyprus Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cyprus Gas Engines Market, By Power Output |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Gas Engines Market Revenues & Volume, By 0.5? ??1 MW, 2021-2031F |
6.2.3 Cyprus Gas Engines Market Revenues & Volume, By 1? ??2 MW, 2021-2031F |
6.2.4 Cyprus Gas Engines Market Revenues & Volume, By 2? ??5 MW, 2021-2031F |
6.2.5 Cyprus Gas Engines Market Revenues & Volume, By 5? ??10 MW, 2021-2031F |
6.2.6 Cyprus Gas Engines Market Revenues & Volume, By ? 10? ??20 MW, 2021-2031F |
6.3 Cyprus Gas Engines Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Gas Engines Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.3 Cyprus Gas Engines Market Revenues & Volume, By Cogeneration, 2021-2031F |
6.3.4 Cyprus Gas Engines Market Revenues & Volume, By Mechanical Drive, 2021-2031F |
6.3.5 Cyprus Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
6.4 Cyprus Gas Engines Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Gas Engines Market Revenues & Volume, By Utilities, 2021-2031F |
6.4.3 Cyprus Gas Engines Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.4 Cyprus Gas Engines Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.5 Cyprus Gas Engines Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Gas Engines Market Import-Export Trade Statistics |
7.1 Cyprus Gas Engines Market Export to Major Countries |
7.2 Cyprus Gas Engines Market Imports from Major Countries |
8 Cyprus Gas Engines Market Key Performance Indicators |
9 Cyprus Gas Engines Market - Opportunity Assessment |
9.1 Cyprus Gas Engines Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Cyprus Gas Engines Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.3 Cyprus Gas Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Cyprus Gas Engines Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Cyprus Gas Engines Market - Competitive Landscape |
10.1 Cyprus Gas Engines Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Gas Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |