The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Reciprocating Power Generating Engine Global Market Report 2023, The global reciprocating power generating engine market is expected to grow from $51.09 billion in 2022 to $52.51 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. The market size of the global reciprocating power-generating engine is expected to grow to $58.09 billion in 2027 at a CAGR of 2.6%.

North America held the largest reciprocating power generating engine market share, and Asia-Pacific was the fastest-growing region in 2022.

Reciprocating Power Generating Engine Market Driver
Growing electricity demand in commercial and industrial sectors fuels reciprocating power generator market growth. Rising usage, driven by cogeneration plant expansion, private consumption, and small industries, is a key factor. The U.S. Energy Information Administration’s 2022 report shows a significant increase in energy consumption, particularly in the transportation sector, contributing to opportunities in the reciprocating power generator market.

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Key Reciprocating Power Generating Engine Market Segments

The global reciprocating power generating engine market is segmented –

1) By Fuel: Gas-fired, Diesel-fired, Duel fuel, Other Fuel

2) By Rated Power: Below 2MW, 2MW-5MW, Above 5MW

3) By Application: Industrial, CHP, Energy and Utility, Landfill and Biogas, Other Applications

Reciprocating Power Generating Engine Market Prominent Players
Major players in the reciprocating power generating engine market are Rolls-Royce, Mitsubishi, MAN Energy Solutions, Kohler Power, Kirloskar Oil Engines Limited, Kawasaki Heavy Industries, John Deere, Ashok Leyland, Briggs & Stratton, Caterpillar, Cummins, Deutz AG, Escorts Group, Siemens Energy, Wartsila, Yanmar, and JCB Inc.

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Prominent Reciprocating Power Generating Engine Market Trend

Strategic company collaborations rise as a key trend in the reciprocating power generation engine market. Manufacturers partner to develop innovative technologies and products. In 2020, Deutz AG and Sany signed an agreement for joint engine production in China’s heavy truck sector, targeting 75,000 engines by 2022.

The Reciprocating Power Generating Engine Global Market Report 2023  provides comprehensive insights on the reciprocating power generating engine market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the reciprocating power generating engine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Power Generators Global Market Report 2023

Engine, Turbine, And Power Transmission Equipment Global Market Report 2023

Power Electronics Global Market Report 2023

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