Reciprocating Power Generating Engine Market Size, By Fuel Type (Gas-Fired {0.5 MW - 1 MW, > 1MW - 2 MW, > 2 MW - 3.5 MW, > 3.5 MW - 5 MW, > 5 MW -7.5 MW, > 7.5 MW }, Diesel-Fired, {0.5 MW - 1 MW, > 1MW - 2 MW, > 2 MW - 3.5 MW, > 3.5 MW - 5 MW, > 5 MW -7.5 MW, > 7.5 MW}, Dual Fuel {0.5 MW - 1 MW, > 1MW - 2 MW, > 2 MW - 3.5 MW, > 3.5 MW - 5 MW, > 5 MW -7.5 MW, > 7.5 MW}, Others {0.5 MW - 1 MW, > 1MW - 2 MW, > 2 MW - 3.5 MW, > 3.5 MW - 5 MW, > 5 MW -7.5 MW, > 7.5 MW}), By Rated Power (0.5 MW - 1 MW, > 1MW - 2 MW, > 2 MW - 3.5 MW, > 3.5 MW - 5 MW, > 5 MW -7.5 MW, > 7.5 MW), By Application (Industrial, CHP, Energy & Utility, Landfill & Biogas), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Reciprocating Power Generating Engine Market size was valued at over USD 19 billion in 2020 and is set to register 3% CAGR between 2021 and 2027. Reciprocating engines, also termed as piston engines, utilize one or more pistons for the conversion of pressure that is generated by gases into rotational motion. These engines have widespread applicability across various distributed power generation applications and are used in industrial, institutional, and commercial establishments for power and CHP generation.
 

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The growing utilization of cogeneration technologies in line with increasing investments in expanding sustainable power generation capacity will stimulate industry growth. Environmental considerations consisting of increasing weather-related calamities including hurricanes, windstorms, and floods will further complement the business scenario. Factors including rising electricity cost, declining capital cost, and favorable government norms owing to increasing technological developments will positively influence the industry spectrum.
 

Favorable government policies & norms for sustainable along with ongoing technological advancements will fuel the product demand

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Diesel-fired reciprocating power generating engine market is expected to register over 2% CAGR through 2027. The growing demand for a continuous & reliable power supply along with increasing industrial growth in developing economies will positively influence product demand. Favorable government initiatives for the electrification of rural & remote regions will accelerate industry growth.
 

Ongoing technological advancements coupled with the growing expansion of cogeneration plants will sway the product adoption. For instance, in January 2019, Cummins launched a 6.7L turbo diesel engine that operates on 1,000 pound-feet torque with a higher horsepower output and is offered in two variants, high output 400 horsepower and standard output 370 horsepower. This launch allowed the company to deliver advanced products and expanded its product portfolio.
 

Gas-fired reciprocating power generating engines will witness growth owing to the ease of availability of natural gas across the world combined with continued CHP technological advancements. In addition, proven reliability, fast start-up, significant heat recovery potential, and minimal initial cost will influence the product deployment. Revamping & refurbishment of commercial and manufacturing sectors, including chemical processing plants, textile factories, refineries, and food processing plants, will complement the product demand.
 

Increasing electricity demand across commercial & industrial sectors will sway the product adoption

Reciprocating power generating engine market from rated power of 0.5 MW - 1 MW is expected to surpass USD 3 billion by 2027 on account of the ongoing expansion of cogeneration plants, private utilities, and small industries. The intensifying natural disasters, aging network infrastructure, and rising power outages will further augment engine deployment. The rapid deployment of gas-fired power engines owing to low carbon emissions combined with advancements of effective and efficient cogeneration plants will complement the product penetration.
 

The ability of high compression ratio, efficient & stable combustion, low knocking capacity, and minimal maintenance cost will drive the reciprocating power generating engine industry of >1 MW – 2 MW. The increasing adoption of distributed power generation systems in static power generation applications will further sway the product demand.
 

Rapid adoption of smart energy networks coupled with growing distributed energy generation demand will propel the product implementation

The increasing deployment of smart heating networks along with integrated thermal & electrical power plants will positively influence product penetration. High efficiency, versatile configuration, and effective design compared to other power generation alternatives will further boost the CHP plants industry growth. Continued government efforts toward the reduction of GHG emissions in line with the shifting focus toward efficient & sustainable power generation systems will further complement the industry landscape.
 

The replacement of the existing power generation plants with high-efficiency renewable power plants across all manufacturing & industrial sectors will propel business prospects. The growing expansion of the industry owing to the rising dependence on advanced systems in line with sustainable power generation systems will further boost industry growth.
 

Europe reciprocating power generating engine market is set to rise on account of the refurbishment & retrofitting of the existing grid infrastructure

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Europe reciprocating power generating engine market is set to surpass an annual installation of 9 GW by 2027. The ongoing low economic growth across the European region is being simultaneously countered with several factors supporting the industry potential for reciprocating engines. Rapid expansion of data centers, rising infrastructure investments, and low diesel prices will further accelerate regional industry growth. The increasing focus toward diesel-engine capacity to drive advanced generators for smart power generation will encourage the product adoption across the region.
 

The growing construction and commercial activities across Eastern Europe and the Nordic region will augment industry growth. Continued environmental & emission compliances including proposed introduction of the EU Stage V limits will positively influence the industry landscape. Stringent government directives for eco-friendly & cost-saving products coupled with a paradigm shift of industry players toward cleaner power sources and lightweight materials will further complement the business spectrum.
 

Ongoing initiatives & mandates by the government and utilities for restarting industrial operations after pandemic outbreak will propel the business outlook

The pandemic outbreak has marginally affected the overall business growth. However, ongoing measures by government and industries to continue construction, manufacturing, and infrastructure development operations along with companies adopting creative & resourceful methods to recruit workforce to meet their production needs will sway the industry scenario. Rising focus on over-compensating the impacts of COVID- 19 in developed regions by advancing the operations coupled stabilizing the economy of developing regions through various public funding will further complement the business landscape. Moreover, the current crisis will eventually augment the reciprocating engines demand over the forecast timeline owing to upsurge in power demand and reinvestments across the power industry.
 

Ongoing collaborations, strategic partnerships and agreements will improve the industry presence of various players

Strategic implications & inorganic growth ventures, joint ventures, contracts, and mergers among leading players will propel the industry outlook. For instance, in August 2021, Wärtsilä signed a contract to deliver fuel gas supply systems and engines with multi-fuel engine technology for two new Australian Ro-Pax ferries. The contract includes two Wärtsilä LNG Pac fuel supply, storage, and control systems, three Wärtsilä 20DF dual-fuel engines, and four Wärtsilä 46DF dual-fuel main engines for each ship. These engines are secured to operate on different green fuels as the availability evolves along with reduced environmental impact.
 

The eminent players operating across the reciprocating power generating engine market include Siemens Energy, Mitsubishi Heavy Industries, Wärtsilä, Deere & Company, MAN Energy Solutions, J C Bamford Excavators, Caterpillar, Yanmar Holdings, Cummins, Rolls-Royce Power Systems, Kirloskar Oil Engines Limited, Briggs & Stratton, Ashok Leyland, Deutz AG, Kawasaki Heavy Industries, and Escorts Limited.
 

Companies are focusing on acquisitions, inorganic growth ventures along with collaborations, business expansion, and agreements. For instance, in January 2020, DEUTZ AG signed an agreement with SANY for joint engine production for the heavy truck sector in China. The contract aims to produce around 75,000 new engines in a new plant in Changsha by 2022, with the scheduled production to start by 2021. This is expected to support the company in strengthening its foothold across China.
 

Reciprocating power generating engine market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘MW’ & ‘USD’ from 2017 to 2027 for the following segments:

By Fuel

• Gas-fired
  • 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
• Diesel-fired
  • 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
• Duel fuel
  • 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
• Others
  • 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

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

By Application

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

The above information has been provided for the following regions and country:

• North America
  • U.S
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Denmark
  • Norway
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Singapore
  • Indonesia
  • Malaysia
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • Oman
  • Kuwait
  • Iran
  • Egypt
  • Turkey
  • Jordan
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Peru