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Prime Power Reciprocating Power Generating Engine Market Trends

Report ID: GMI5946
Published Date: Jun 2023
Report Format: PDF

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Prime Power Reciprocating Power Generating Engine Industry Trends

The prime power reciprocating engines will witness an upsurge due to increasing regulatory measures aimed at expanding the grid in rural areas. Furthermore, the growing importance of emergency preparedness solutions across different end-user sectors will contribute to the industry development. The ongoing efforts to electrify remote areas, particularly in the Asia Pacific and Africa regions, will further drive the demand for these engines.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of prime power reciprocating power generating engine exceeded USD 16.1 billion in 2023 and is estimated to register 4.7% CAGR during 2024 to 2032 attributed to the increasing demand for reliable and continuous power supply across industrial facilities.

Gas fired prime power reciprocating power generating engines industry is poised to witness 5.7% growth from 2023-2032 owing to rising technological advancements, improved operational efficiency, and the need to comply with environmental regulations.

The North America prime power reciprocating power generating engine industry is projected to surpass USD 3.5 billion by 2032 driven by the increase in data center outages in line with the surging consumer awareness about the need for reliable backup power solutions.

Some of the leading prime power reciprocating power generating engine enterprises are Cummins Inc., Wärtsilä, Rolls-Royce, Kohler Co., YANMAR HOLDINGS CO., MITSUBISHI HEAVY INDUSTRIES, DEUTZ AG, Kirloskar, KUBOTA Corporation, and Perkins Engines Company Limited.