Registering a CAGR of 3.2% over the forecast period, the market value of Reciprocating Engines is expected to reach US$ 14,405.70 million in the year 2027.
Reciprocating engine is a heat-generating engine that uses one or more reciprocating pistons in order to convert pressure into rotatory motion. This provides at relatively low cost, which makes it an instrumental part of ensuring a reliable and safe flow of power to the grid. The main function of a reciprocating power engine is to provide incremental peaking power to the electric grid during high-demand periods, mitigating the ups and downs of solar, wind and other variable-output generating sources, and to ensure quick-start backup generation in the event of regional or local grid outages.The market is highly driven by rapid investments toward cogeneration technology and increasing construction activities coupled with low diesel prices. Additionally, growing demand for reliable, uninterruptable and cost-effective systems for electricity generation across industrial establishments is expected to fuel the reciprocating power-generating engine market growth.These engines are commonly used in a variety of sectors. Reciprocal engines generate power by pressurizing fuel with a piston or pistons, which causes combustion and, in turn, a circular, rotating motion. The four-stroke cycle is named after the fact that reciprocating engines, like rotary engines, rely on a repeating pattern of intake, compression, combustion, and exhaust to function. Reciprocating engines are the more recent of the two types of combustion engines, and they have shown to be more efficient in many circumstances. While rotary engines have a place in the market, their applications are significantly more limited.
The global Reciprocating Engines includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include GE Energy, Clarke Energy, Siemens Energy, Rolls Royce Plc., ABB, Baxi, Bosch Thermotechnology, Brush Electrical Machines, Burmeister & Wain Scandinavian Contractor AS, Veolia, ENER-G Combined Power, Foster Wheeler AG, Turbomach S.A., The Viessmann and others.
Industry News
Wärtsilä will introduce an engine plus emissions abatement package to meet Chinese marine engine emission standards.
July 2021--Wärtsilä will launch a combined engine plus selective catalytic reduction (SCR) packaged product to meet China's Stage II marine engine emission standard, which goes into effect in July 2021. The standard will apply to all inland waterway, coastal, river-sea, channel, and fishing vessels operating in most rivers and near the country's major ports.
A Wärtsilä 20 engine with a Wärtsilä NOx Reducer is used in the solution (NOR). The Wärtsilä NOR is designed to effectively reduce NOx emissions, while the integrated dosing equipment ensures that the correct amount of urea is applied to the system and ensures uniform mixing of the urea and ammonia with the exhaust gas.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
Annual installations in the Asia Pacific reciprocating power-generating engine market are expected to exceed 14 GW by 2027. Product deployment will be accelerated by the dynamic expansion of telecommunication infrastructure, the development of electrical networks in rural and remote areas, and robust industrial growth. Furthermore, stringent government policies aimed at reducing emissions, increasing fuel efficiency, and improving power density will drive product demand.
The Reciprocating Engines Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Reciprocating Engines Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers the Reciprocating Engines Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Reciprocating Engines Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | GE Energy, Clarke Energy, Siemens Energy, Rolls Royce Plc., ABB, Baxi, Bosch Thermotechnology, Brush Electrical Machines, Burmeister & Wain Scandinavian Contractor AS, Veolia, ENER-G Combined Power, Foster Wheeler AG, Turbomach S.A., The Viessmann |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 116 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Reciprocating Engines Market is studied from 2017 - 2027.
What is the growth rate of the Reciprocating Engines Market?
The Reciprocating Engines Market is growing at a CAGR of 3.2% over the next 5 years.
Who are the key players in Reciprocating Engines Market?
GE Energy, Clarke Energy, Siemens Energy, Rolls Royce Plc., ABB, Baxi, Bosch Thermotechnology, Brush Electrical Machines, Burmeister & Wain Scandinavian Contractor AS, Veolia, ENER-G Combined Power, Foster Wheeler AG, Turbomach S.A., The Viessmann
What regions does this Reciprocating Engines Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Reciprocating Engines Market?
Single Cylinder, Multi Cylinder
What are the major end-use applications of Reciprocating Engines Market?
Transportation, Energy, Oil & Gas, Other
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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