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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), By End Use (Backup {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 }, Prime 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 }), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3386
  • Published Date: Jan 2022
  • Report Format: PDF

Industry Overview

Reciprocating Power Generating Engine Market size exceeded USD 27 billion in 2021 and is set to grow at a rate of over 3% between 2022 and 2028. Reciprocating power generating engines or piston engines use one or more pistons to convert the pressure generated by gases into rotary motion.
 

Reciprocating Power Generating Engine Market size

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These engines have widespread applicability across several distributed power generating applications and are utilized in institutional, industrial, and commercial sectors for CHP and power generation. In addition, ongoing government efforts for the electrification of remote areas along with shifting focus toward the utilization of non-conventional energy resources will drive the industry outlook.

Increasing investments in expanding the sustainable power generation capacity along with improved efficiency across a central electricity grid will stimulate the business growth. Growing electricity costs, reducing capital costs, and favorable government reforms owing to the rising technological advancements will positively influence the industry spectrum. Moreover, effective operational performance of distribution & generation capacities along with environmental concerns regarding weather-related calamities including windstorms, hurricanes, and floods will augment the business scenario.
 

Technological enhancements followed by improved operational efficiency will propel the product adoption

Reciprocating Power Generating Engine Market Size, By Fuel Type

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Gas-fired reciprocating power generating engine market is anticipated to grow at a rate of over 4% through 2028. A paradigm shift toward unconventional gas resources coupled with strict emission regulations will augment product installations. Furthermore, low initial cost, improved reliability, fast start-up, and a significant heat recovery potential will accelerate the product demand. Additionally, ongoing gas resource explorations will stimulate the commercialization of gas-fueled engines.
 

For instance, the Gas Research Institute (GRI) has a R&D program that aims to develop commercially viable natural-gas-fired distributed generation systems.
 

Increasing regulatory measures for the expansion of grids in rural areas will positively sway the product penetration

The >1 MW – 2 MW rated reciprocating power generating engine industry share is anticipated to exceed USD 13 billion by 2028. High compression ratio, stable & efficient combustion, low knocking capacity, and reduced maintenance cost will encourage the product demand. Moreover, the rapid expansion of cogeneration plants, small industries, and private utilities along with the growing electricity demand across energy, industrial, and commercial utility sectors will drive the industry statistics.
 

Accelerating investments toward generation capacity expansion in-line with the ongoing adoption of smart energy resources will complement the business landscape

Growing industry expansion on account of technology advancements and the rising reliance on electricity along with the adoption of rapid digitization techniques across various industry domains will boost the CHP segment demand. The refurbishment of existing power generating plants with high-efficiency renewable power plants across all manufacturing and industrial sectors coupled with the rising dependence on advanced & sustainable power generation systems will foster the business scenario.
 

Asia Pacific reciprocating power generating engine industry will experience growth owing to the rising urbanization and growing electricity demand

Asia Pacific Reciprocating Power Generating Engine Market Size, By Country,

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Asia Pacific reciprocating power generating engine market is set to exceed an annual installation of over 14 GW by 2028. The dynamic expansion of telecommunication infrastructure, development of electrical networks across rural and remote areas, and robust industrial growth will propel the product deployment. Additionally, stringent government policies for reduced emissions, increased fuel efficiency, and power density improvements will fuel the product demand. For instance, in April 2021, Wärtsilä introduced an integrated Selective Catalytic Reduction (SCR) plus engine packaged product to cater to the Stage II marine engine emission standard of China. The product consists of a Wärtsilä Nitrogen Oxide NOx Reducer (NOR) to effectively reduce NOx emissions along with offering a uniform mixing of ammonia & urea with the external gas.
 

Government initiatives for restarting manufacturing & industrial operations after the pandemic will foster the business outlook

The COVID-19 pandemic has marginally impacted the overall industry growth. Supply chain disruptions and the shortage of labor owing to lockdown impositions and the shutting down of various manufacturing and industrial facilities have affected the overall engine demand. However, ongoing measures by governments to resume operations and continue construction activities along with the high electricity demand across healthcare centers will complement the business landscape.
 

Ongoing strategic collaborations, agreements, and partnerships will enhance the industry presence of key players

Strategic agreements, mergers, contracts, and partnerships among key players will augment the industry outlook. For instance, in July 2021, Kawasaki Heavy Industries Ltd. received an order for four green gas engines from Jurong Engineering Ltd. (JEL), a company based in Singapore. The engines are planned to be used in a Thailand project. The project aims to add a 30 MW - 110 MW integrated cycle power plant, owned & operated by RATCH Cogeneration Company Limited. The order includes four new Kawasaki KG-18-Ts with a 7.8 MW capacity, equipped with two-stage turbocharging systems. This strategic move will help the company to enhance its market penetration in the region.
 

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

Reciprocating power generating engine market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘MW’ & ‘USD’ from 2018 to 2028 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
  • Dual 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

By End Use

  • Backup
    • 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
  • Prime 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

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
       
Authors: Ankit Gupta , Abhishek Chopra

Frequently Asked Questions (FAQ) :

The global reciprocating power generating engine industry share had crossed USD 27 billion in 2021 and is expected to strike a growth rate of more than 3% up to 2028 owing to higher penetration in institutional, commercial, and industrial sectors for CHP and power generation.

The industry share of gas-fired reciprocating power generating engines is expected to rise at a growth rate of over 4% through 2028 due to the influx of strict emission regulations and the shifting inclination towards unconventional gas resources.

Reciprocating power generating engines are mainly used across the CHP (Combined heat and power) systems, which is expected to bring a significant market revenue, owing to the rising technological advancements and the higher adoption of rapid digitization techniques.

Asia Pacific market for reciprocating power generating engine is set to record close to 14 GW, in terms of annual installation by 2028 driven by the expanding telecommunication infrastructure, and the higher development of electrical networks across the rural and remote areas.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 16
  • Tables & Figures: 2977
  • Countries covered: 35
  • Pages: 1600

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