Home > Energy & Power > Electrical Equipment > Engines > Reciprocating Power Generating Engine Market

Reciprocating Power Generating Engine Market Size

Report ID: GMI3386
Published Date: Jun 2023
Report Format: PDF

Download Free Sample

Reciprocating Power Generating Engine Market Size

Reciprocating Power Generating Engine Market size surpassed USD 36.9 billion in 2023 and is anticipated to expand at 4.5% CAGR from 2024 to 2032.

To get key market trends

Download Free Sample

The industry will witness an appreciable momentum owing to accelerating investments toward generation capacity expansion along with growing utilization of cogeneration technologies. These engines have extensive applications in distributed power generation, serving institutional and industrial sectors for combined heat and power (CHP) and electricity production.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of reciprocating power generating engine crossed valuation of USD 36.9 billion in 2023 and is anticipated to grow at 4.5% CAGR during 2024 to 2032, explains GMI report.

The reciprocating power generating engine industry size from the industrial application was valued at over USD 12 billion in 2022 driven by technological advancements and the growing reliance on electricity.

Asia Pacific reciprocating power generating engine sector will surpass USD 15 billion by 2032 attributed to the rapid expansion of telecommunication infrastructure along with increasing power demand.

Wärtsilä, Caterpillar, Cummins, Rolls-Royce plc, MAN Energy Solutions, General Electric, Guascor Energy, TRITON DURO, Continental Control Corporation, Mitsubishi Heavy Industries, Ltd., Deere & Company, YANMAR HOLDINGS CO., and Kirloskar Oil Engines Limited.