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Backup Reciprocating Power Generating Engine Market Share

Report ID: GMI5999
Published Date: Dec 2024
Report Format: PDF

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Backup Reciprocating Power Generating Engine Market Share

Backup Reciprocating Power Generating Engine Market Company Market Share Analysis, 2024

The market is highly competitive, characterized by a mix of global players and regional manufacturers. Key competitors focus on technological advancements to develop engines with enhanced fuel efficiency, reduced emissions, and integration capabilities with renewable energy systems. Companies invest heavily in research and development to meet evolving regulatory standards and customer demands, particularly for engines that comply with stringent environmental norms. Additionally, competitive strategies include offering customized solutions, robust after-sales services, and long-term maintenance contracts.

Backup Reciprocating Power Generating Engine Market Companies

Major players operating in the backup reciprocating power generating engine industry are:

AB Volvo Penta
Atlas Copco
CATERPILLAR ENERGY SOLUTIONS
Clarke Energy
General Electric
HIMOINSA
Kirloskar
Mitsubishi Heavy Industries
Motorenfabrik Hatz GmbH
Rehlko
Rolls-Royce
Scania
Wartsila
Yamaha Motor
Yuchai International

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The global backup reciprocating power generating engine industry was valued at USD 21.8 billion in 2024 and is estimated to grow at a 4% CAGR from 2025 to 2034, driven by the increasing frequency of weather-related power outages.

The > 1 MW - 2 MW rated segment is projected to exceed USD 10 billion by 2034, as compact designs and advanced noise reduction technologies make these engines ideal for space-constrained installations.

The U.S. backup reciprocating power generating engine market is set to reach over USD 4 billion by 2034, fueled by aging grid infrastructure, extreme weather events, and growing electricity demand.

Key players in the sector include AB Volvo Penta, Atlas Copco, CATERPILLAR ENERGY SOLUTIONS, Clarke Energy, General Electric, HIMOINSA, Kirloskar, Mitsubishi Heavy Industries, Motorenfabrik Hatz GmbH, Rehlko, Rolls-Royce, Scania, Wartsila, Yamaha Motor, and Yuchai International.