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Asia Pacific Reciprocating Engine Market Trends

Report ID: GMI8734
Published Date: Mar 2024
Report Format: PDF

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Asia Pacific Reciprocating Engine Market Trends

The increasing demand for these engines is driven by their adaptable use across the sectors including power generation, marine operations, and mechanical systems. The product offers key benefits including modular design, rapid startup, and capability to utilize different fluids, making them highly desirable and amplifying the potential in the industry. Moreover, regulatory initiatives supporting the expansion of the grid in rural areas along with paradigm shift among end users regarding the significance of emergency preparedness solutions will augment the business landscape.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific reciprocating engine was reached USD 24.7 billion in 2023 and is estimated to witness 5.2% CAGR from 2024 to 2032, due to the surging demand for power generation coupled with increased investments in infrastructure development.

Asia Pacific diesel reciprocating engine market will exceed USD 26 billion by 2032, led by the increasing inclination toward energy security coupled with technological advancements in alternative propulsion systems.

China reciprocating engine market is set to surpass USD 11 billion by 2032, driven by increasing urbanization rate along with continuous expansion of industrial infrastructure.

Some of the reciprocating engine firms in Asia Pacific are AB Volvo Penta, Briggs & Stratton, Caterpillar, Cummins, Inc., General Electric, Honda Motor Co., Ltd., and Hyundai Heavy Industries Co., Ltd.