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Europe Backup Reciprocating Power Generating Engine Market Trends

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

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Europe Backup Reciprocating Power Generating Engine Market Trends

The integration of smart technologies, such as Internet of Things connectivity and advanced monitoring systems, along with the development of quieter engines to minimize environmental impact, will drive the evolution of the business landscape. The increasing reliance on technology and the frequent occurrence of power outages are fueling the demand for reciprocating engines. The industry is experiencing a shift towards cleaner and more efficient power generation technologies, aligning with the growing focus on environmental sustainability and resulting in the widespread deployment of these systems.

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.