Backup Reciprocating Power Generating Engine Market - By Fuel Type (Gas-Fired, Diesel-Fired, Dual Fuel), By Rated Power (0.5 MW - 1 MW, > 1 MW - 2 MW, > 2 MW - 3.5 MW, > 3.5 MW - 5 MW, > 5 MW - 7.5 MW, > 7.5 MW), By Application (Industrial, CHP, Energy & Utility, Landfill & Biogas) & Forecast, 2024 – 2032

Backup Reciprocating Power Generating Engine Market Size

Backup Reciprocating Power Generating Engine Market size valued at USD 20.8 billion in 2023 and is estimated to register over 4.2% CAGR between 2024 and 2032.
 

Growing focus on renewable based power generation in line with stricter environmental regulations toward reduction of carbon emissions will foster industry growth. Integration of smart technologies including internet of things connectivity and advanced monitoring systems with development of quieter engines to minimize the impact on the surrounding environment will propel business landscape.

COVID– 19 Impact

The outbreak of the novel coronavirus has caused significant disruptions in world trade and the economy, leading to a reduction in both consumption and production on a global scale. This has had a profound impact on the prime power reciprocating engines market, as there has been a shortage of manpower and disturbances in the supply chain. However, governments around the world have implemented measures to resume operations in major industries, manufacturing facilities, and infrastructure projects, which has subsequently propelled growth in the industry.
 

Backup Reciprocating Power Generating Engine Market Trends

Rising dependence on technology and the growing occurrence of power outages are augmenting the demand for backup power solutions. The industry is witnessing a shift toward cleaner and highly efficient power generation technologies, which aligns with the growing emphasis on environmental sustainability that leads to robust deployment of these systems. The increasing significance of emergency preparedness solutions in various end-user sectors will play a vital role in the business growth. Furthermore, the ongoing initiatives to electrify remote areas will serve as a strong driving force for the demand of these engines.
 

Backup Reciprocating Power Generating Engine Market Analysis

Based on rated power, the market is segmented as 0.5 MW - 1 MW, > 1 MW - 2 MW, > 2 MW - 3.5 MW, > 3.5 MW - 5 MW, > 5 MW - 7.5 MW and > 7.5 MW. The > 1 MW - 2 MW rated backup reciprocating power generating engine market is poised to observe gains at nearly 3.6% up to 2032. Space-saving configurations and advanced noise attenuation measures help minimize the footprint and acoustic impact, making these engines suitable for compact installations. The engine offers key advancements including electronic fuel injection, variable valve timing, and optimized combustion systems, to maximize fuel efficiency and reduce operating costs, which in turn will fuel the product penetration.
 

Based on fuel type, the market is segmented as gas-fired, diesel-fired, dual fuel and others. The gas-fired backup reciprocating power generating engine market holds a market share of over 15% in 2022. Increasing availability and accessibility of natural gas infrastructure along with the growing adoption of combined heat & power systems will augment the business landscape. These engines offer improved efficiency & reduced emissions through advanced technologies including lean-burn combustion and optimized fuel-air mixing coupled with their ability to provide grid stabilization services and address peak demand periods contributes to the industry potential.
 

Based on application, the backup reciprocating power generating engine market is segmented as industrial, CHP, energy & utility, landfill & biogas, and others. Industrial application is set to surpass USD 11 billion by 2032. Transition towards cleaner and low-emission reciprocating power generating engines with integration with renewable energy sources will foster the industry outlook. Rapid industrialization, infrastructure development, and urbanization in emerging economies are boosting the demand for these units. Wide scale utilization of these units across manufacturing plants, construction, mining, and oil & gas will escalate the business landscape.
 

Asia Pacific backup reciprocating engine market exceeded USD 4 billion in 2022. Ongoing refurbishment of power infrastructure along with increasing electricity demand and population growth will accelerate the industry potential. Government initiatives to improve energy security, grid resilience, and environmental sustainability will further expand business development. Growing demand for decentralized power generation coupled with large scale integration with renewable energy sources will positively sway the industry outlook.
 

Backup Reciprocating Power Generating Engine Market Share

Major players operating in the backup reciprocating power generating engine market includes

• Wärtsilä
• Rolls-Royce plc
• General Electric
• Kohler Co.
• MITSUBISHI HEAVY INDUSTRIES
• Kirloskar
• HIMOINSA
• Scania
• Motorenfabrik Hatz GmbH & Co. KG
• Atlas Copco AB
• Clarke Energy
• Yuchai International Imp & Exp (Beijing)
• Yamaha Motor
• CATERPILLAR ENERGY SOLUTIONS
• AB Volvo Penta
   

Backup Reciprocating Power Generating Engine Industry News

• In October 2022, Volvo Penta has entered into a strategic partnership with Anderson Industrial Engines, a long-standing engine distributor in the U.S., focusing on the West Coast region. This collaboration aims to enhance customer support and maximize equipment uptime for Volvo Penta's customers. By leveraging Anderson Industrial Engines' expertise and experience, Volvo Penta will be able to strengthen its product offerings and introduce new technologies in the West Coast market.
   
• In May 2022, Caterpillar acquired Tangent Energy, an U.S. basedenergy solutions specializes in offering smart energy solutions that bring significant value to their customers. By incorporating Tangent's Energy-as-a-Service (EaaS) products into Caterpillar's existing electric power products portfolio, Caterpillar is now able to provide enhanced customer services that focus on delivering reliable, efficient, sustainable, and connected power solutions. These integrated solutions support seamless business operations while also creating new revenue streams.
   

This backup reciprocating power generating engine market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MW” & “USD” from 2019 to 2032, for the following segments:

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By Fuel Type

• Gas-Fired
• Diesel-Fired
• Dual Fuel
• Others

By Rated Power

• 0.5 MW - 1 MW
• > 1 MW - 2 MW
• > 2 MW - 3.5 MW
• > 3.5 MW - 5 MW
• > 5 MW - 7.5 MW
• > 7.5 MW

By Application

• Industrial
• CHP
• Energy & Utility
• Landfill & Biogas
• Others

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Denmark
  • Norway
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Singapore
  • Indonesia
  • Malaysia
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • Oman
  • Kuwait
  • Iran
  • Egypt
  • Turkey
  • Jordan
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Peru