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Reciprocating Engine Market Trends

  • Report ID: GMI4890
  • Published Date: Jul 2024
  • Report Format: PDF

Reciprocating Engine Market Trends

Increasing demand for these engines has been fueled by the shift from traditional fuels to cleaner alternatives spurred by stringent government regulations. The rising need for these units in marine applications coupled with a growing emphasis on energy efficiency and lower operational expenses, is expected to further drive industry expansion. The product boasts significant advantages including modular design, rapid startup capability, and versatility in operating with various fluids, making it highly coveted and bolstering the industry prospects. Furthermore, there is a rising focus on extending the grid to rural regions, backed by regulatory initiatives along with increasing acknowledgment of the critical role of emergency preparedness solutions among end users, accelerating the business potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Reciprocating engine industry size was worth USD 70.5 billion in 2023 and will register 5% CAGR between 2024 and 2032 due to growing adoption of reciprocating engines in marine and transportation industries, coupled with the need for backup power systems in residential areas.

The gas powered market will surpass USD 25 billion by 2032, driven by their cost-effective operation and compliance with stringent environmental regulations along with their high efficiency and lower emissions.

Asia Pacific reciprocating engine industry will exceed USD 35 billion by 2032, attributed to the growing demand for reliable power solutions in manufacturing, construction, and transportation sectors and the expansion of marine and mining activities.

AB Volvo Penta, Briggs & Stratton, Caterpillar, Cummins, General Electric, Honda Motor Co., Ltd., IHI Corporation, Kawasaki Heavy Industries, Ltd., Kohler Co., Perkins Engines Company Limited, Rolls-Royce plc, and Yamaha Motor Co., Ltd.

Reciprocating Engine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 50
  • Countries covered: 28
  • Pages: 140
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