According to Global Market Insights, Inc. the Reciprocating Power Generating Engine Market is estimated to surpass USD 120 Billion 2025
Paradigm shift toward sustainable energy sources coupled with increasing demand for energy efficiency will foster the reciprocating power generating engine market growth. Growing utilization of CHP technology along with increasing investments toward renewable capacity addition will boost the industry growth. In addition, favorable regulatory scenario pertaining to development of combined cycle plants will fuel the business outlook.
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The UK reciprocating power generating engine market will exceed a cumulative installation of 2.5 GW by 2025. Accelerating investments toward cogeneration technology, increasing construction activities coupled with low diesel prices are some of the prominent factors which will positively influence the product demand. In addition, the growing concentration of data centers will entrail a sturdy deployment of engines for power generation. Rapid development of service sector along with proposed introduction of the EU Stage V norms will stimulate the business growth.
Growing demand for reliable, uninterruptable and cost-effective systems for electricity generation across industrial establishments will fuel the reciprocating power generating engine market growth. Increasing focus to reduce dependency on conventional sources along with favorable incentives and schemes by respective government authorities toward adoption of sustainable energy sources will complement the industry landscape.
Ongoing development of cogeneration technologies coupled with easy availability of gas will stimulate the natural gas reciprocating power generating engine market size. Furthermore, growing manufacturing industries including pharmaceutical, fertilizer and oil & gas will propel the industry growth. Reliability, lower systems cost and fast start up are some of the key features which will positively influence the product adoption.
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The > 7.5 rated power will grow on account of ongoing government plans to electrify rural and remote areas along with rapid industrialization across the emerging economies. High power requirement across the industries coupled with growing utility sector will boost the reciprocating power generating engine market. In addition, flourishing construction activities, and infrastructural development will drive the industry growth.
Favorable regulatory policies toward carbon emission coupled with changing climatic condition will boost the reciprocating power generating engine market size. Introduction of various norms and mandates toward sustainable building along with continuous technological advancement will positively influence the product penetration. The U.S. EPA in 2018, introduced the International Green Construction Code to enhance the environment and health of structures, buildings and sites.
Middle East & Africa reciprocating power generating engine market will onlook growth owing to increasing government measures to diversify the power generation mix. Furthermore, reviving economic growth along with increasing investments from financial institutions including Asia Development Bank (ADB) to develop industrial sector will fuel the business landscape.
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Major industry players in reciprocating power generating engine market includes Yanmar, Wartsila, DEUTZ AG, Mitsubishi, Rolls-Royce, Siemens, Escorts Group, MAN Energy Solutions, Ashok Leyland, John Deere, Kohler Power, Caterpillar, Kawasaki Heavy Industries, JCB Inc., Briggs & Stratton, Cummins and Kirloskar Oil Engines Limited.
Partial Table of Contents (ToC) of the report:
Chapter 4. Reciprocating Power Generating Engine Market, By Fuel Type
4.1. Reciprocating power generating engine market share by fuel type, 2018 & 2025
4.2. Gas fired
4.2.1. Market estimates and forecast, 2013-2024
4.3. Diesel fired
4.3.1. Market estimates and forecast, 2013-2024
4.4. Dual fuel
4.4.1. Market estimates and forecast, 2013-2024
4.5. Others
4.5.1. Market estimates and forecast, 2013-2024
Chapter 5. Reciprocating Power Generating Engine Market, By Rated Power
5.1. Reciprocating power generating engine market share by rated power, 2018 & 2025
5.2. Below 2 MW
5.2.1. Market estimates and forecast, 2013-2024
5.3. >2 – 3.5 MW
5.3.1. Market estimates and forecast, 2013-2024
5.4. >3.5 – 5 MW
5.4.1. Market estimates and forecast, 2013-2024
5.5. >5 – 7.5 MW
5.5.1. Market estimates and forecast, 2013-2024
5.6. >7 MW
5.6.1. Market estimates and forecast, 2013-2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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