SELBYVILLE, Delaware, June 17, 2019 /PRNewswire/ -- The UK reciprocating power generating engine market will exceed a cumulative installation of 2.5 GW by 2025. Accelerating investments toward cogeneration technology, increasing construction activities coupled with low diesel prices are some of the prominent factors which will positively influence the product demand. In addition, the growing concentration of data centers will entrail a sturdy deployment of engines for power generation. Rapid development of service sector along with proposed introduction of the EU Stage V norms will stimulate the business growth.
Middle East & Africa reciprocating power generating engine market will onlook growth owing to increasing government measures to diversify the power generation mix. Furthermore, reviving economic growth along with increasing investments from financial institutions including Asia Development Bank (ADB) to develop industrial sector will fuel the business landscape.
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The > 7.5 rated power will grow on account of ongoing government plans to electrify rural and remote areas along with rapid industrialization across the emerging economies. High power requirement across the industries coupled with growing utility sector will boost the reciprocating power generating engine market. In addition, flourishing construction activities, and infrastructural development will drive the industry growth.
Global Reciprocating Power Generating Engine Market is poised to surpass USD 120 Billion 2025, as reported in the latest study by Global Market Insights, Inc. Paradigm shift toward sustainable energy sources coupled with increasing demand for energy efficiency will foster the market growth. Growing utilization of CHP technology along with increasing investments toward renewable capacity addition will boost the industry growth. In addition, favorable regulatory scenario pertaining to development of combined cycle plants will fuel the business outlook.
Growing demand for reliable, uninterruptable and cost-effective systems for electricity generation across industrial establishments will fuel the reciprocating power generating engine market growth. Increasing focus to reduce dependency on conventional sources along with favorable incentives and schemes by respective government authorities toward adoption of sustainable energy sources will complement the industry landscape.
Browse key industry insights spread across 400 pages with 664 market data tables & 28 figures & charts from the report, "Reciprocating Power Generating Engine Market Size, By Fuel Type (Gas-fired, Diesel-fired, Dual fuel), By Rated Power (Below 2 MW, >2-3.5 MW, >3.5-5 MW, >5-7.5 MW, > 7.5 MW), By Application (Industrial, CHP, Energy & Utility, Landfill & Biogas), Industry Analysis Report, Regional Outlook (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), Application Potential, Competitive Market Share, & Forecast, 2019 – 2025" in detail along with the table of contents:
Ongoing development of cogeneration technologies coupled with easy availability of gas will stimulate the natural gas reciprocating power generating engine market size. Furthermore, growing manufacturing industries including pharmaceutical, fertilizer and oil & gas will propel the industry growth. Reliability, lower systems cost and fast start up are some of the key features which will positively influence the product adoption.
Favorable regulatory policies toward carbon emission coupled with changing climatic condition will boost the reciprocating power generating engine market size. Introduction of various norms and mandates toward sustainable building along with continuous technological advancement will positively influence the product penetration. The U.S. EPA in 2018, introduced the International Green Construction Code to enhance the environment and health of structures, buildings and sites.
Major industry players in reciprocating power generating engine market includes Yanmar, Wartsila, DEUTZ AG, Mitsubishi, Rolls-Royce, Siemens, Escorts Group, MAN Energy Solutions, Ashok Leyland, John Deere, Kohler Power, Caterpillar, Kawasaki Heavy Industries, JCB Inc., Briggs & Stratton, Cummins and Kirloskar Oil Engines Limited.
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