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Europe Prime Power Reciprocating Power Generating Engine Market Size - By Fuel Type (Gas-Fired, Diesel-Fired, Dual Fuel), By Rated Power, By Application, By Country Outlook & Forecast, 2024 – 2032

  • Report ID: GMI8830
  • Published Date: Apr 2024
  • Report Format: PDF

Europe Prime Power Reciprocating Power Generating Engine Market Size

Europe Prime Power Reciprocating Power Generating Engine Market size was valued at USD 3.96 billion in 2023 and is anticipated to grow at a rate of 4.7% between 2024 and 2032. The surging demand for dependable and uninterrupted power provision primarily across industrial facilities and data centers will augment the industry landscape. For instance, in 2023, more than 500 data centers were established in Germany.
 

Europe Prime Power Reciprocating Power Generating Engine Market

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A prime power reciprocating power generating engine is tailored for the specific purpose of producing electricity in prime power scenarios, where a continuous or extended duration of power generation is required, in contrast to standby or backup power generation. These engines transform the energy derived from fuel combustion into mechanical energy, subsequently converted into electrical energy using an alternator or generator.
 

Europe Prime Power Reciprocating Power Generating Engine Market Trends

The demand for prime power reciprocating engines is set to rise on account of heightened regulatory initiatives and robust expansion of grid networks. Additionally, the increasing significance of emergency preparedness solutions across various end-user sectors will bolster the industry expansion. These engines provide significant advantages comprising of superior efficiency, robust durability, and the capability to manage substantial loads, enhancing the industry's potential.
 

Europe Prime Power Reciprocating Power Generating Engine Market Analysis

Europe Prime Power Reciprocating Power Generating Engine Market Size, By Fuel Type, 2022 - 2032 (USD Billion)
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The diesel powered reciprocating power generating engine industry is set to surpass USD 3.5 billion by 2032. Ongoing technological advancements including engine design, fuel injection technology, and exhaust aftertreatment systems will augment the industry landscape. Shifting trend toward expanding renewable capacity coupled with increasing utilization of cogeneration technology will energize the business dynamics.
 

Europe Prime Power Reciprocating Power Generating Engine Market Share, By Rated Power, 2023
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The > 1 MW - 2 MW rated reciprocating engine segment size will witness growth rate of over 4% through 2032. The expanding utilization of these units as primary drivers, attributed to their capacity to achieve single-cycle electrical efficiency exceeding 50% and up to 70% in combined cycles, will enhance the business environment. Additionally, these rated engines offer crucial benefits including increased displacement, efficient and consistent combustion, optimized materials, and reduced maintenance needs, which in turn will contribute to enhancing the product adoption.
 

UK Prime Power Reciprocating Power Generating Engine Market Size, 2022 - 2032 (USD Million)
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The UK prime power reciprocating power generating engine market is expected to reach over USD 700 million by 2032. The growing demand for consistent and dependable power supply in line with frequent weather-related disasters causing prolonged outages, will drive the business growth. Furthermore, growing trend toward decentralization of power generation along with rising integration of energy storage systems with power generation is set to escalate the industry potential.
 

Europe Prime Power Reciprocating Power Generating Engine Market Share

Company Market Share Analysis, 2023

DEUTZ AG offers a diverse range of reciprocating engines, including diesel and gas engines, spanning various areas including automotive, industrial, construction, agricultural, and marine sectors. The company’s engines are recognized for their durability, reliability, and high-quality construction. They are designed to withstand demanding operating conditions and offer long service intervals, making them ideal for heavy-duty applications.
 

Europe Prime Power Reciprocating Power Generating Engine Market Companies

The key industry players include:

  • AB Volvo Penta
  • Caterpillar
  • Cummins Inc.
  • Deere & Company
  • DEUTZ AG
  • Hatz Diesel
  • Jenbacher
  • Kirloskar
  • Kohler Co.
  • KUBOTA Corporation
  • MAN Energy Solutions
  • MITSUBISHI HEAVY INDUSTRIES
  • Perkins Engines Company Limited
  • Rolls-Royce Power Systems
  • Sulzer
  • Wärtsilä
  • YANMAR HOLDINGS CO.
  • Yuchai International Imp & Exp (Beijing) Co.
     

Europe Prime Power Reciprocating Power Generating Engine Industry News

  • In September 2022, MAN PrimeServ and Makita Company strengthen their service capabilities for SCR-HP systems on MAN B&W two-stroke engines. MAN's SCR-HP is employed in MAN B&W two-stroke engines to comply with IMO Level III emission standards. This product, known for its compactness and efficiency, boasts minimal operating costs and environmental friendliness, as it operates effectively without requiring an additional burner due to sufficient exhaust gas temperatures.
     
  • In April 2022, Wärtsilä has unveiled its latest innovation, the 46TS-DF engine, boasting the highest efficiency ever seen in the medium-speed engine market when operating on gas fuel mode. A vessel equipped with six of these diesel-gas and dual-fuel engines is set to benefit from this advancement. The primary motivation behind the introduction of this new engine is to provide owners and operators with a forward-looking solution to meet decarbonization objectives.
     

The Europe prime power reciprocating power generating engine market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units”, “MW” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Fuel Type

  • Gas-Fired
  • Diesel-Fired
  • Dual Fuel
  • Others

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 Application

  • Industrial
  • CHP
  • Energy & Utility
  • Landfill & Biogas
  • Others

The above information has been provided for the following countries:

  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Denmark
  • Norway

 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for prime power reciprocating power generating engine in Europe reached USD 3.96 billion in 2023 and is set to grow at 4.7% CAGR till 2032, led by the surging demand for dependable and uninterrupted power provision.
The diesel fuel powered type segment is poised to cross USD 3.5 billion by 2032, driven by ongoing technological advancements.
The U.K. prime power reciprocating power generating engine industry to reach over USD 700 million by 2032, propelled by the growing demand for consistent and dependable power supply.
AB Volvo Penta, Caterpillar, Cummins Inc., Deere & Company, DEUTZ AG, Hatz DieseLl and Jenbacher among others.

Europe Prime Power Reciprocating Power Generating Engine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 400
  • Countries covered: 9
  • Pages: 180
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