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Europe Backup Reciprocating Power Generating Engine Market Analysis

  • Report ID: GMI9875
  • Published Date: Jun 2024
  • Report Format: PDF

Europe Backup Reciprocating Power Generating Engine Market Analysis

The gas-fired backup reciprocating power generating engine market will reach over USD 1.4 billion by 2032. The increasing consumer focus on emergency preparedness solutions across various end-user sectors will be crucial for industry growth. Additionally, ongoing efforts to electrify remote areas will significantly drive the demand for these engines. The expanding availability and accessibility of natural gas infrastructure, coupled with the rising adoption of combined heat and power systems, will enhance the business landscape.
 

Europe Backup Reciprocating Power Generating Engine Market Revenue Share, By Rated Power, 2023

The > 1 MW - 2 MW backup reciprocating power generating engine market size will witness growth rate of over 3.5% through 2032. Space-saving designs and advanced noise reduction measures minimize both carbon footprint and auditory impact, making these systems ideal for compact installations. The key advancements including variable valve timing, electronic fuel injection and optimized combustion systems enhance fuel efficiency and reduce operating costs, driving the product adoption.
 

Germany Backup Reciprocating Power Generating Engine Market Size, 2022 - 2032 (USD Million)

The Germany backup reciprocating power generating engine market is set to surpass USD 1.2 billion by 2032. The shift toward cleaner and low-emission engines integrated with renewable energy sources will enhance the industry outlook. Rapid industrialization, surging infrastructure development along with rising urbanization rate in emerging economies will boost the demand for these units. Their widespread use across manufacturing plants, construction, oil & gas and mining sectors will further elevate the business landscape.
 

The ongoing refurbishment of electrical networks coupled with rising electricity demand and increasing population index will accelerate the UK backup reciprocating power generating engine market. Government initiatives to enhance energy security,  environmental sustainability and grid resilience will further drive the business growth. The increasing demand for decentralized power generation, along with extensive integration with renewable energy sources, will positively influence the industry outlook.
 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Europe backup reciprocating power generating engine market size exceeded USD 4.2 billion in 2023 and is expected to register 4.3% CAGR from 2024 to 2032, owing to the increasing emphasis on renewable power generation, driven by stricter environmental regulations aimed at reducing carbon emissions.

Europe backup reciprocating power generating engine industry from the gas-fired segment is expected to exceed USD 1.4 billion by 2032, due to increasing consumer focus on emergency preparedness solutions across various end-user sectors.

Germany backup reciprocating power generating engine industry is expected to surpass USD 1.2 billion by 2032, due to the shift toward cleaner and low-emission engines integrated with renewable energy sources in the country.

Caterpillar, HIMOINSA, Kirloskar, Kohler Co., MITSUBISHI HEAVY INDUSTRIES, Motorenfabrik Hatz GmbH & Co. KG, Rolls-Royce plc, Scania, Wärtsilä, Yamaha Motor, and Yuchai International Imp & Exp (Beijing), are some of the major backup reciprocating power generating engine companies in Europe.

Europe Backup Reciprocating Power Generating Engine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 8
  • Countries covered: 9
  • Pages: 100
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