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Reciprocating Engine Market Size
- Report ID: GMI4890
- Published Date: Jul 2024
- Report Format: PDF
Reciprocating Engine Market Size
Reciprocating Engine Market size in 2023 was valued at USD 70.5 billion and is estimated to grow at a rate of 5% up to 2032. The rising demand for electricity generation coupled with increased investments in infrastructure development will continue to necessitate the deployment of the product. For instance, in 2023, the European Union allocated around USD 20 billion toward electricity grid investments.
A reciprocating engine lies at the heart of combustion engines converting fuel energy into linear motion. Within its structure, a piston housed in a cylinder compresses a blend of fuel and air. Once ignited by a spark plug, this mixture combusts, propelling the piston downward with significant force. This reciprocal movement is then translated into rotational energy through a crankshaft. These engines are indispensable for powering diverse machinery ranging from automobiles to small aircraft.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Reciprocating Engine Market Size in 2023: | USD 70.5 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 110.1 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 50 |
| Segments covered: | Fuel, Rated Power, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Reciprocating Engine Market Scope
