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Reciprocating Engine Market Trends

Report ID: GMI4890
Published Date: Jun 2023
Report Format: PDF

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Reciprocating Engine Market Trends

The demand for these engines continues to rise due to their versatile applications in power generation, marine operations, and mechanical systems. The product offers key advantages including modular design, quick startup, and ability to run on different fluids make them highly sought-after, accelerating the industry potential. Additionally, there is a growing emphasis on expanding the grid in rural areas, supported by regulatory measures, as well as increasing recognition of the importance of emergency preparedness solutions among end users. The surging government electrification programs primarily across Africa and Asia Pacific, will further fuel the demand for these engines.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of reciprocating engine was valued at USD 70.5 billion In 2023 and will grow at more than 5% CAGR from 2024 to 2032, owing to a noticeable rise in investments across the infrastructure space.

The reciprocating engine market size from the marine application segment will reach over USD 40 billion by 2032 on account of the growing popularity of dual-fuel engines and the rapid expansion of subsea & offshore applications.

European market for reciprocating engine size reached over USD 16 billion in 2022, attributed to the growing commercial and construction activities in Eastern Europe and the Nordic region.

Some leading manufacturers of reciprocating engine include General Electric, Guascor Energy, Motorenfabrik Hatz GmbH & Co. KG, J C Bamford Excavators, Perkins Engines Company Limited, Kawasaki Heavy Industries, KUBOTA Corporation, and Lister Petter, among others.