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Europe Backup Reciprocating Power Generating Engine Market Size

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

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Europe Backup Reciprocating Power Generating Engine Market Size

Europe Backup Reciprocating Power Generating Engine Market size was valued at USD 4.2 billion in 2023 and is set to observe CAGR of over 4.3% between 2024 and 2032. The increasing emphasis on renewable power generation, driven by stricter environmental regulations aimed at reducing carbon emissions will promote the industry growth.

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Backup reciprocating power generating engine serves as a backup or emergency power source. It operates on the principle of reciprocating motion, transforming fuel into mechanical energy. This mechanical energy is then converted into electrical energy via a generator. When the primary power source fails, the backup reciprocating power generating engine is activated to provide electricity. The engine typically includes a combustion chamber, piston, connecting rod, and crankshaft.

Europe Backup Reciprocating Power Generating Engine Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Backup Reciprocating Power Generating Engine Market Size in 2023:	USD 4.2 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	4.3%
2032 Value Projection:	USD 6.1 Billion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	8
Segments covered:	Fuel Type, Rated Power, Application & Country
Growth Drivers:	Surging frequency of weather-related disasters Paradigm shift toward combined cycle generation
Pitfalls & Challenges:	High initial investment

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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.