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Asia Pacific Back Up Reciprocating Power Generating Engine Market Trends

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

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Asia Pacific Back Up Reciprocating Power Generating Engine Market Trends

The increasing reliance on technology and the rising frequency of power outages are fueling the need for backup power solutions. The industry is experiencing a transition towards cleaner and more efficient power generation technologies, in line with the growing focus on environmental sustainability, will drive the reciprocating power generating engine market. The growing importance of emergency preparedness solutions across various sectors will be a crucial factor in driving business growth. Moreover, ongoing efforts to provide electricity to remote areas will be a powerful catalyst for increasing the demand for these systems.

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.