Reciprocating Engines Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: GE Energy, Clarke Energy, Siemens Energy, Rolls Royce Plc.

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 Engines Market Overview

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.  

Who are the Major Players in the Reciprocating Engines Market?

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.

What are the major Applications, Types, and Regions for the Reciprocating Engines Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Single Cylinder


• Multi-Cylinder

By Application, it is segmented into

• Transportation


• Energy


• Oil & Gas


• Other

Reciprocating Engines Market Regional Analysis

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.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

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.

What is our Reciprocating Engines Market report scope?

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.

Key Takeaways from this Reciprocating Engines Report

• Evaluate Reciprocating Engines market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Reciprocating Engines market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

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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