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The shift toward cleaner and more efficient power generation technologies coupled with a strong emphasis on environmental sustainability will augment the reciprocating power generating engine market. The growing need for emergency power backup across sectors including healthcare, telecommunications and critical infrastructure will further fuel the product demand. Additionally, ongoing electrification efforts in remote and underserved areas are generating substantial opportunities for reliable and versatile backup power solutions.
The Asia Pacific backup reciprocating power generating engine industry was valued at USD 6.4 billion in 2024 and is projected to grow at a 4.3% CAGR from 2025 to 2034, driven by increasing power outages and investments in power generation capacity expansion.
The > 1 MW - 2 MW rated segment is expected to exceed USD 3 billion by 2034, fueled by the adoption of natural gas and dual-fuel engines and advancements in engine efficiency and durability.
The China backup reciprocating power generating engine market is set to surpass USD 2 billion by 2034, supported by government incentives promoting energy resilience and sustainability, along with rising demand for distributed power generation.
Major players in the market include Ashok Leyland, CATERPILLAR ENERGY SOLUTIONS, Cummins, Deutz, Doosan Engine, General Electric, HIMOINSA, Hyundai Heavy Industries, Kirloskar, Mitsubishi Heavy Industries, Perkin Engines, Rehlko, and Rolls Royce.