Natural Gas Engine Market SWOT Analysis and Opportunity and Forecast To 2030
The natural gas engines burn cleaner, with no soot pollution of the engine oil in the crankcase. As a result, when compared to oil and coal-fired power plants, these power plants emit a small amount of carbon monoxide (CO), carbon dioxide (CO2), Sulphur oxide (SO), and nitrogen oxide (NO). Thermodynamic efficiency are also higher in natural gas-fired power plants. When natural gas is utilized instead of coal, the air quality improves. Moreover, natural gas-fired power stations are less expensive and simpler to construct. Consequently, the demand for natural gas engines has largely increased due to these advantages. The increase in the use of distributed power generation systems will further propel the growth rate of natural gas engine market. In addition, the high adoption of natural gas by developing nations to achieve operational excellence and reduce carbon footprint is soon projected to bolster the market's growth.
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