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Mechanical Reciprocating Engine Market Trends

Report ID: GMI10911
Published Date: Aug 2024
Report Format: PDF

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Mechanical Reciprocating Engine Market Trends

Growing focus on expanding the grid in rural areas, backed by regulatory measures, and an increasing recognition of the importance of emergency solutions among end-users. The rising government electrification programs, especially across regions, will further enhance the demand for these engines. Shifting trend toward engines with higher fuel efficiency and lower emissions, driven by stringent environmental regulations and the global push for sustainability will positively impact the reciprocating engines market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of mechanical reciprocating engine was worth over USD 1.79 billion in 2023 and will record an 8.3% CAGR through 2032, driven by the expansion of small and medium-scale industrial facilities and significant investments.

The mechanical reciprocating engine market from the > 2 MW - 3.5 MW segment is expected to surpass USD 650 million by 2032, boosted by growing power generation needs and substantial infrastructure investments.

Europe mechanical reciprocating engine market size will exceed USD 900 million by 2032, prompting a shift to greener, cost-effective engines and materials due to rising demand for luxury, comfort, and reliability.

AB Volvo Penta, Caterpillar Inc., Cummins Inc., Deutz AG, Doosan Corporation, Escorts Limited, Fairbanks Morse Engine, General Electric, J C Bamford Excavators, Kawasaki Heavy Industries, Kohler Co., KUBOTA Corporation, Lister Petter, MAN Energy Solutions, Mitsubishi Heavy Industries, Motorenfabrik Hatz GmbH & Co. KG, Perkins Engines Company Limited, Rolls-Royce Power Systems AG (MTU), Siemens Energy, and Wärtsilä.