Home > Energy & Power > Electrical Equipment > Engines > Reciprocating Power Generating Engine Market

Reciprocating Power Generating Engine Market Trends

Report ID: GMI3386
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Reciprocating Power Generating Engine Market Trends

The reciprocating engine market will witness substantial growth driven by rapid adoption of cogeneration technologies and continuous investments in renewable energy utilization. Stringent environmental compliance necessity coupled with innovation in technological design will invigorate the industry potential. Moreover, ongoing government initiatives aimed at electrifying rural and urban areas in conjunction with rapid expansion of power generation capacity will augment the product penetration.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of reciprocating power generating engine was reached USD 36.9 billion in 2023 and is projected to grow at 4.5% CAGR through 2032, owing to the rising utilization of cogeneration technology.

The gas fired segment in the reciprocating power generating engine market will exceed USD 12 billion by 2032, due to the increasing focus on unconventional gas resources in line with stringent emission codes and standards.

Asia Pacific reciprocating power generating engine market is set to surpass USD 15 billion by 2032, attributed to the stringent government initiatives including policies and schemes towards minimizing emission reductions.

Ashok Leyland, Briggs & Stratton, Caterpillar, Cummins, Deere & Company, Deutz AG, Enerflex, Escorts Limited, General Electric, Guascor Energy, and Kawasaki Heavy Industries Ltd. among others.