Asia Pacific Reciprocating Engine Market Size - By Rated Power, By Fuel (Diesel, Gas), By Application (Power, Marine, Mechanical), By Country Outlook & Forecast, 2024 – 2032

Asia Pacific Reciprocating Engine Market Size

Asia Pacific Reciprocating Engine Market was valued at USD 24.7 billion in 2023 and is estimated to grow at a CAGR of over 5.2% from 2024 to 2032. The surging demand for power generation coupled with increased investments in infrastructure development will favor the business scenario.
 

A reciprocating engine is an internal combustion engine designed to convert the energy derived from burning fuel into linear motion. Its operation involves a piston moving back and forth within a cylinder to compress a mixture of fuel and air. This mixture is subsequently ignited by a spark plug, initiating the combustion process. The increasing popularity of these engines has been further fueled by the shift from traditional fuels to cleaner alternatives, propelled by the imperative to adhere to stringent governmental mandates.
 

Asia Pacific Reciprocating Engine Market Trends

The increasing demand for these engines is driven by their adaptable use across the sectors including power generation, marine operations, and mechanical systems. The product offers key benefits including modular design, rapid startup, and capability to utilize different fluids, making them highly desirable and amplifying the potential in the industry. Moreover, regulatory initiatives supporting the expansion of the grid in rural areas along with paradigm shift among end users regarding the significance of emergency preparedness solutions will augment the business landscape.
 

Asia Pacific Reciprocating Engine Market Analysis

The diesel reciprocating engine market will reach over USD 26 billion by 2032. Increasing inclination toward energy security coupled with technological advancements in alternative propulsion systems will fuel the product penetration. The burgeoning demand for distributed power generation coupled with ongoing refurbishment of small and medium-scale industrial facilities will positively sway the industry outlook.
 

The reciprocating power generating engine market size will witness a growth rate of over 4.5% through 2032. Gradual shift toward the use of renewable fuels in reciprocating engines, driven by environmental concerns and regulatory policies will in turn will escalate the business growth. Increasing applicability across cogeneration or combined heat and power systems for generating electricity & heat in line with surging integration of digital technologies will augment the industry landscape.
 

The China reciprocating engine market is set to surpass USD 11 billion by 2032. Increasing urbanization rate along with continuous expansion of industrial infrastructure will foster the business outlook. The rising investments across manufacturing sector and power generation sector will further fuel demand for these units. Moreover, the robust expansion of commercial and retail complexes has notably led to heightened requirements for a reliable power supply, stimulating the industry growth.
 

Asia Pacific Reciprocating Engine Market Share

Yanmar Co. is a company renowned for its expertise in manufacturing diesel engines, agricultural machinery, construction equipment, and marine propulsion systems. The company offers a diverse range of reciprocating engines tailored to different applications. It is known for its commitment to innovation and technology advancement in the field of engine design and manufacturing.
 

Asia Pacific Reciprocating Engine Market Companies

Major players operating in the Asia Pacific reciprocating engine industry include:

• AB Volvo Penta
• Briggs & Stratton
• Caterpillar
• Cummins, Inc.
• General Electric
• Honda Motor Co., Ltd.
• Hyundai Heavy Industries Co., Ltd.
• IHI Corporation
• Kawasaki Heavy Industries Ltd.
• Kohler Co.
• KUBOTA Corporation
• MAN Energy Solutions
• Mitsubishi Heavy Industries, Ltd.
• Perkins Engines Company Limited
• Rolls-Royce plc
• Wartsila
• Yamaha Motor Co., Ltd.
• Yanmar Co., Ltd.
   

Asia Pacific Reciprocating Engine Industry News

• In September 2022, MAN PrimeServ and Makita Company Reinforce Organization service of SCR-HP frameworks on MAN B&W two-stroke engine permit. MAN's SCR-HP is utilized on MAN B&W two-stroke engines to meet the IMO Level III discharge levels. The smallest and generally minimal of its sort, the product has exceptionally low operating expenses and is especially eco-friendly as the current exhaust gas temperature is adequate & no extra burner is required.
   
• In September 2022, Wärtsilä launched 25 medium-speed four-phase engines. It is down the line expansion to the organization's engine portfolio is framed to speed up and support the maritime category efforts in accomplishing maritime decarbonized operations. The engine is designed to function with both diesel and liquid carbon-neutral biofuels, with the flexibility for seamless adaptation to carbon-free fuels as they become more readily available.
   

This Asia Pacific reciprocating engine market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MW” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Rated Power

• 0.5 MW - 1 MW
• > 1 MW - 2 MW
• > 2 MW - 3.5 MW
• > 3.5 MW - 5 MW
• > 5 MW - 7.5 MW
• > 7.5 MW

Market, By Fuel

• Diesel
• Gas
• Others

Market, By Application

• Power
• Marine
• Mechanical

The above information has been provided for the following countries:

• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Singapore