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Reciprocating Power Generating Engine Market Trends

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

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Reciprocating Power Generating Engine Market Trends

The ongoing shift from traditional fuels to cleaner alternatives, driven by the need to comply with stricter government regulations, has fueled the demand for these engines. Moreover, favorable economic conditions and a positive outlook towards improved fuel efficiency, increased power density, and reduced emissions will contribute to the widespread adoption of the product. Furthermore, ongoing government initiatives to electrify remote regions, coupled with a growing emphasis on utilizing non-conventional energy sources, will positively impact the reciprocating engine market.

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.