Home > Energy & Power > Electrical Equipment > Engines > Asia Pacific Back Up Reciprocating Power Generating Engine Market

Asia Pacific Back Up Reciprocating Power Generating Engine Market Analysis

  • Report ID: GMI7044
  • Published Date: Oct 2023
  • Report Format: PDF

Asia Pacific Back Up Reciprocating Power Generating Engine Market Analysis:

Based on rated power, the  3.5 MW - 1 MW will witness 7.2% growth rate through 2032. Compact installation suitability is achieved through space-saving designs and advanced noise reduction techniques, while the engine incorporates notable innovations such as electronic fuel injection, variable valve timing, and optimized combustion systems. These enhancements aim to maximize fuel efficiency and lower operational expenses, ultimately driving the greater product adoption.
 

APAC Backup Reciprocating Power Generating Engine Market Revenue Share, By Fuel,2023

Based on fuel type, the diesel–fired reciprocating power generating engine market holds a share of over 75% in 2022. Stricter emissions regulations have led to the development and adoption of advanced emission control technologies, including selective catalytic reduction and diesel particulate filters. These technologies reduce harmful emissions, making diesel engines more compliant with environmental standards, fostering the reciprocating engine market.
 

Based on application, the CHP application is set to surpass USD 101 million by 2032. These systems have gained popularity owing to their energy efficiency and environmental benefits. They are used in various industries, including manufacturing, healthcare, and commercial buildings, to simultaneously produce electricity and useful heat, reducing overall energy consumption, accelerating the industry potential.
 

China Backup Reciprocating Power Generating Engine Market Size, 2022 - 2032 (USD Billion)
  • The China backup reciprocating power generating engine market was valued at USD 1.4 billion in 2022. Stringent focus to reduce air pollution and combat climate change. This has led to a push for cleaner and more efficient power generation technologies, including reciprocating engines.
     
  • Government efforts aimed at enhancing energy security, reinforcing grid resilience, and promoting environmental sustainability are set to provide a significant impetus to business expansion. The increasing need for distributed power generation, combined with substantial integration of renewable energy sources, is expected to have a favorable impact on the industry's prospects.
Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of back up reciprocating power generating engine in APAC was worth USD 6.1 billion in 2023 and is estimated to surpass USD 9.2 billion by 2032, favored by the increasing investments toward power generation capacity expansion.

The diesel-fired reciprocating power generating engine market in Asia Pacific holds a share of over 75% in 2022. Stricter emissions regulations have led to the development and adoption of advanced emission control technologies, including selective catalytic reduction and diesel particulate filters.

China backup reciprocating power generating engine market was exceeded at USD 1.4 billion in 2022 and will continue to grow owing to the focus to reduce air pollution and combat climate change, leading to a push for cleaner and more efficient power generation technologies.

Caterpillar Inc., Cummins Inc., Kohler Co., Mitsubishi Heavy Industries, Yanmar Co., Ltd., Doosan Engine, Yuchai International Imp & Exp, Yamaha motor, Volvo Penta, Kirloskar Oil Engines Ltd., Deutz AG, and General Electric among others.

APAC Back Up Reciprocating Power Generating Engine Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 343
  • Countries covered: 9
  • Pages: 120
 Download Free Sample