Reciprocating Power Generating Engine Market Size, By Fuel Type (Gas-fired, Diesel-fired, Dual fuel), 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), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share, & Forecast, 2020 – 2026

Published Date: Mar 2020  |  Report ID: GMI3386  |  Authors: Ankit Gupta , Abhishek Chopra

Report Format: PDF   |   Pages: 450   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Reciprocating Power Generating Engine Market size was valued at over USD 20 billion in 2019 and the annual installation is projected to surpass 38 GW by 2026. Ongoing utilization of cogeneration technologies along with rising investments toward sustainable energy generation technologies will drive the industry growth.
 

Reciprocating Power Generating Engine Market

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Furthermore, rising natural disasters including floods, windstorms and hurricanes are some of the environmental considerations which will positively influence the business scenario. Favorable government policies, declining capital cost and rising technological developments are the major factors which will complement the global industry outlook.
 

The reciprocating engine also known as internal combustion engine uses one or more piston to convert pressure generated by gases into a rotating motion. These engines are primarily applicable in a variety of distributed power generation applications, and are utilized throughout institutional, industrial and commercial establishments for CHP and power generation. Furthermore, the reciprocating engine improves efficiency on the central power grid and enhances the operational performance of distribution generation capacities.
 

Reciprocating Power Generating Engine Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 20.8 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 3.7% 2026 Value Projection: 38.7 (GW)
Pages: 450 Tables, Charts & Figures: 714
Geographies covered (21): U.S., Canada, Mexico, UK, France, Germany, Russia, Italy, Spain, Netherlands, Denmark, Norway, China, India, Japan, South Korea, Australia, Thailand, Singapore, Indonesia, Malaysia, UAE, Saudi Arabia, Qatar, Oman, Kuwait, Iran, Egypt, Turkey, Jordan, South Africa, Brazil, Argentina, Chile, Peru
Segments covered: Fuel Type, Rated Power, Application and Region
Companies covered (25): Wartsila, Mitsubishi Heavy Industries, Siemens AG, MAN Energy Solutions, John Deere, Caterpillar, Inc., JCB, Inc, Cummins Inc, Kirloskar Oil Engines Limited, Briggs & Stratton, Kawasaki Heavy Industries Ltd., Kohler (Clarks Manufacturers), Ashok Leyland, Escorts Group, DEUTZ AG, YANMAR Co. Ltd, MTU Onsite Energy, INNIO
Growth Drivers:
  • North America & Europe
    • Increasing frequency of weather-related disasters
    • Rising utilization of cogeneration technologies
    • Focused toward combined cycle generation
  • Asia Pacific, Middle East & Africa
    • Growing investments toward generation capacity expansion
    • Robust industrial growth
Pitfalls & Challenges:
  • High initial investments

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Ongoing technological advancement along with favorable government norms toward sustainable power generation will propel the product demand

Reciprocating Power Generating Engine Market

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Diesel fired based reciprocating power generating engine market is anticipated to grow at a rate of over 3% up to 2026. Accelerating industrial activities across the developing economies coupled with increasing demand for continuous and reliable power supply will positively stimulate the product demand.
 

In addition, ongoing government initiatives toward electrification of rural and remote areas will complement the industry growth. Continuous technological advancement in line with rapid expansion of cogeneration plants will propel the product adoption.
 

For instance, in September 2018, MAN Energy Solution introduced the ME-LGIP, a dual-fuel LPG engine designed for low carbon emission, high fuel flexibility, high efficiency and operational performance.
 

Natural gas based reciprocating engines will witness a significant growth on account of ongoing CHP technological advancement coupled with ease in availability of natural gas across the globe. For instance, ENER-G created an advanced technology in 2018 named E-Power, enhancing CHP systems performance to deliver high efficiency, low maintenance cost and long product life cycle.
 

Moreover, significant heat recovery potential, fast start-up, proven reliability and low installation cost are some of the major features which will propel the product deployment.
 

Growing electricity demand across industrial and commercial sector will complement the product adoption

0.5 MW – 1 MW rated power segment of reciprocating power generating engine market will witness significant upsurge on account of rapid expansion of small-scale industries, cogeneration plants and commercial establishments. Increasing power failures, aging grid infrastructure and intensifying natural calamities will boost the product deployment.
 

Moreover, adoption of gas fired power systems owing to low carbon emission along with advancement of effective & efficient cogeneration plants will favor the reciprocating power generating engine industry outlook.
 

Growing adoption of decentralized power generation technologies across off-grid and remote areas will drive the >1 MW – 2 MW based reciprocating power generating engine market trends. High compression ratio, low knocking ability, efficient and stable combustion and low maintenance cost are the prominent factors which will drive the product penetration. Furthermore, growing electricity demand across commercial, industrial and energy utility applications will stimulate the business growth.
 

Growing distributed energy generation technology will strengthen the reciprocating power generating engine market statistics

Flexible product configuration, high efficiency, and effective design when compared with other energy generation alternatives will drive the CHP plants deployment. Ongoing adoption of smart heating networks coupled with increasing penetration of integrated electrical and heat power generation systems will further drive the industry growth.
 

In addition, ongoing efforts toward reducing GHG emissions coupled with paradigm shift toward efficient power generating systems will propel the reciprocating power generating engine industry forecast. According to EIA, total coal consumption for 2019 in the U.S. declined by 14% when compared with 2018 levels and is anticipated to decline by a further 4% by the end of 2020.
 

Growing industry expansion on account of increasing reliance on advanced systems along with rising adoption of sustainable power generation plants will drive the industrial segment of the reciprocating power generating engine market share. Substitution of existing power generation systems with highly efficient renewable power plants across manufacturing industries will further propel the business outlook.
 

Furthermore, rising decentralized energy generation demand across infrastructural facilities, commercial complexes and residential buildings will augment the industry outlook.
 

Asia Pacific region is set to dominate the regional market trends

Reciprocating Power Generating Engine Market

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In 2019, North America, Europe, and Asia pacific region collectively held over 80% of the global industry. Retrofitting and refurbishment of existing grid infrastructure along with increasing severity and frequency of natural disasters across Pacific and Atlantic oceans will stimulate the industry growth.
 

Growing customer inclination toward sustainable power generation plants along with increasing consumer awareness toward reliable energy backup solutions will fuel the business outlook.
 

China reciprocating power generating engine market share is anticipated to exceed an annual installation of 3 GW by 2026. Burgeoning telecom sector, rapid expansion of datacenters along with increasing investments across industrial and manufacturing industry in line with continuous power supply failures will complement the industry growth.
 

Furthermore, favorable resiliency policies, initiatives, and CHP inclined environmental regulations are some of the prominent measures which will complement the product adoption.
 

Demand of technological enhanced reciprocating power generating engines acting as the central point of industry players

Ongoing investments toward cutting edge technologies and building infrastructure along with growing mergers and acquisition across the reciprocating power generating engine industry will propel the business outlook. In addition, emission compliance, distribution network, cost competitiveness and product differentiation are some of the prominent strategic assets for the market players to stay competitive in the industry.
 

Eminent players operational across the industry includes MAN Energy Solutions, Wartsila, Mitsubishi, Siemens, John Deere, Caterpillar, Kirloskar Oil Engines Limited, JCB, Inc., Kawasaki Heavy Industries, Cummins, Briggs & Stratton, MTU Onsite Energy, Ashok Leyland, DEUTZ AG, Kohler (Clarks Manufacturers), INNIO, Escorts Group, and Yanmar.
 

Reciprocating power generating engine market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MW” & “USD” from 2015 to 2026, for the following segments:

By Fuel

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

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 Rated Power

  • 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
    • U.K
    • France
    • Germany
    • Russia
    • Italy
    • Spain
    • Netherland
    • 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

 

Frequently Asked Questions (FAQ) :

Increasing demand of decentralized power generation along with rising demand for cogeneration technologies will be key driving factors for the global market growth.
One of the major challenges likely to impact the global market growth includes high initial investment cost.
MAN Energy Solutions, Wartsila, Mitsubishi, Siemens, John Deere, Caterpillar, Kirloskar Oil Engines Limited, JCB, Inc., Kawasaki Heavy Industries, Cummins Briggs & Stratton, MTU Onsite Energy, Ashok Leyland, DEUTZ AG, Kohler Power, Escorts Group, and Yanmar are the major players in the global market.

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