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Backup Reciprocating Power Generating Engine Market Trends

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

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Backup Reciprocating Power Generating Engine Market Trends

The industry is poised for substantial growth on account of increasing reliance on technology and the growing frequency of power outages. The rapid transitioning toward cleaner and more efficient power generation technologies along with growing focus on environmental sustainability will sway the industry landscape. The rising importance of emergency preparedness in industries including healthcare, telecommunications, and critical infrastructure will propel the business growth. Moreover, ongoing electrification initiatives in remote and underserved regions will create a substantial demand for reliable and adaptable backup power solutions.

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.