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Backup Reciprocating Power Generating Engine Market Size

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

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Backup Reciprocating Power Generating Engine Market Size

The global backup reciprocating power generating engine market was valued at USD 21.8 billion in 2024 and is estimated to grow at a CAGR of 4% from 2025 to 2034. The growing frequency and intensity of weather-related power outages driven by hurricanes, storms, and heatwaves will boost the business outlook.

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The ongoing development of quieter, more eco-friendly engines that minimize environmental impact along with the integration of smart technologies including IoT connectivity and advanced monitoring systems will stimulate industry penetration. For instance, in 2023, as per EIA, about 60% of U.S. utility-scale electricity generation was produced from fossil fuels and about 21% was from renewable energy sources.

Backup Reciprocating Power Generating Engine Market Report Attributes
Report Attribute	Details
Base Year:	2024
Backup Reciprocating Power Generating Engine Market Size in 2024:	USD 21.8 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	4%
2034 Value Projection:	USD 32.6 Billion
Historical Data for:	2021 - 2024
No. of Pages:	140
Tables, Charts & Figures:	45
Segments covered:	Fuel, Rated Power, Application and Region
Growth Drivers:	Surging frequency of weather-related disasters Growing utilization of cogeneration technology Increasing investments toward power generation capacity expansion
Pitfalls & Challenges:	High initial investment

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A backup reciprocating power generating engine is a robust and reliable emergency power solution designed to provide electrical energy during power outages or emergencies. This engine operates through a reciprocating motion process, where fuel is converted into mechanical energy. This mechanical energy is then transformed into electricity via an attached generator. The growing emphasis on renewable energy sources in line with increasingly stringent environmental regulations aimed at reducing carbon emissions will proliferate the demand for reciprocating power generating engine.

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.