Reciprocating Engine Market Size, Share, Trends, Growth and Forecast 2032
Reciprocating Engine Market By Rated Power (Below 2MW, 2-5MW, and Above 5MW), By Fuel Type (Dual Fuel, Diesel, Gas, and Others), By Application (Energy & Utility, Industrial, Landfill & Biogas, CHP, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 74.05 Billion | USD 114.87 Billion | 5% | 2023 |
Table Of Content
- Chapter 1.Preface
- 1.1.Report Description
- 1.2.Report Scope
- Chapter 2.Research Methodology
- 2.1.Research Methodology
- 2.2.Secondary Research
- 2.3.Primary Research
- 2.4.Models
- 2.4.1.Company Share Analysis Model
- 2.4.2.Revenue Based Modeling
- 2.5.Research Limitations
- Chapter 3.Executive Summary
- 3.1.Global Reciprocating Engine Market, 2016 – 2026 (USD Million)
- 3.2.Global Reciprocating Engine Market: Snapshot
- Chapter 4.Reciprocating Engine Market – Industry Analysis
- 4.1.Introduction
- 4.2.Market Drivers
- 4.2.1.Driving Factor 1 Analysis
- 4.2.2.Driving Factor 2 Analysis:
- 4.3.Market Restraints
- 4.3.1.Restraining Factor Analysis
- 4.4.Market Opportunities
- 4.4.1.Market Opportunity & Use-case Anaysis
- 4.4.2.Use – Cases for Reciprocating Engine
- 4.5.Porter’s Five Forces Analysis
- 4.6.COVID 19 Impact Analysis
- 4.6.1.1.Impact on Product Development and Technology Adoption
- 4.6.1.2.Gap Analysis
- Chapter 5.Investment Proposition Analysis
- 5.1.Global Reciprocating Engine Market Attractiveness, By Rated Power
- 5.2.Global Reciprocating Engine Market Attractiveness, By Fuel Type
- 5.3.Global Reciprocating Engine Market Attractiveness, By Application
- 5.4.Global Reciprocating Engine Market Attractiveness, By Region
- Chapter 6.Competitive Landscape
- 6.1.Company Market Share Analysis - 2019
- 6.1.1.Global Reciprocating Engine Market: Company Market Share, 2019
- 6.2.Strategic Developments
- 7.1.Global Reciprocating Engine Market Overview: by Rated Power
- 7.1.1.Global Reciprocating Engine Market Revenue Share, by Rated Power, 2019 & 2026
- 7.2.Global Reciprocating Engine Market Analysis/Overview – By Rated Power
- 7.2.1.Below 2MW – Overview/Analysis
- 7.2.2.2-5MW – Overview/Analysis
- 7.2.3.Above 5MW – Overview/Analysis
- 7.3.Below 2MW
- 7.3.1.Global Reciprocating Engine Market for Below 2MW, Revenue (USD Million) 2016 - 2026
- 7.4.2-5MW
- 7.4.1.Global Reciprocating Engine Market for 2-5MW, Revenue (USD Million) 2016 - 2026
- 7.5.Above 5MW
- 7.5.1.Global Reciprocating Engine Market for Above 5MW, Revenue (USD Million) 2016 - 2026
- 8.1.Global Reciprocating Engine Market Overview: by Fuel Type
- 8.1.1.Global Reciprocating Engine Market Revenue Share, by Fuel Type, 2019 & 2026
- 8.2.Global Reciprocating Engine Market Analysis/Overview – By Fuel Type
- 8.2.1.Dual Fuel – Overview/Analysis
- 8.2.2.Diesel – Overview/Analysis
- 8.2.3.Gas – Overview/Analysis
- 8.2.4.Others – Overview/Analysis
- 8.3.Dual Fuel
- 8.3.1.Global Reciprocating Engine Market for Dual Fuel, Revenue (USD Million) 2016 - 2026
- 8.4.Diesel
- 8.4.1.Global Reciprocating Engine Market for Diesel, Revenue (USD Million) 2016 - 2026
- 8.5.Gas
- 8.5.1.Global Reciprocating Engine Market for Gas, Revenue (USD Million) 2016 - 2026
- 8.6.Others
- 8.6.1.Global Reciprocating Engine Market for Others, Revenue (USD Million) 2016 - 2026
- 9.1.Global Reciprocating Engine Market Overview: by Application
- 9.1.1.Global Reciprocating Engine Market Revenue Share, by Application, 2019 & 2026
- 9.2.Global Reciprocating Engine Market Analysis/Overview – By Application
- 9.2.1.Energy & Utility – Overview/Analysis
- 9.2.2.Industrial – Overview/Analysis
- 9.2.3.Landfill & Biogas – Overview/Analysis
- 9.2.4.CHP – Overview/Analysis
- 9.2.5.Others – Overview/Analysis
- 9.3.Energy & Utility
- 9.3.1.Global Reciprocating Engine Market for Energy & Utility, Revenue (USD Million) 2016 - 2026
- 9.4.Industrial
- 9.4.1.Global Reciprocating Engine Market for Industrial, Revenue (USD Million) 2016 - 2026
- 9.5.Landfill & Biogas
- 9.5.1.Global Reciprocating Engine Market for Landfill & Biogas, Revenue (USD Million) 2016 - 2026
- 9.6.CHP
- 9.6.1.Global Reciprocating Engine Market for CHP, Revenue (USD Million) 2016 - 2026
- 9.7.Others
- 9.7.1.Global Reciprocating Engine Market for Others, Revenue (USD Million) 2016 - 2026
- 6.1.Company Market Share Analysis - 2019
- Chapter 10.Reciprocating Engine Market – Regional Analysis
- 10.1.Global Reciprocating Engine Market: Regional Overview
- 10.1.1.Global Reciprocating Engine Market Revenue Share, by Region, 2019 & 2026
- 10.1.2.Global Reciprocating Engine Market Revenue, by Region, 2016 – 2026 (USD Million)
- 10.2.North America
- 10.2.1.North America Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
- 10.2.2.North America Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
- 10.2.3.North America Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
- 10.2.4.North America Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
- 10.2.5.North America Reciprocating Engine Market Revenue, by Application, 2016 – 2026
- 10.2.6. U.S.
- 10.2.7.Canada
- 10.3.Europe
- 10.3.1.Europe Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
- 10.3.2.Europe Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
- 10.3.3.Europe Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
- 10.3.4.Europe Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
- 10.3.5.Europe Reciprocating Engine Market Revenue, by Application, 2016 – 2026
- 10.3.6.Germany
- 10.3.7.France
- 10.3.8. U.K.
- 10.3.9.Italy
- 10.3.10.Spain
- 10.3.11.Rest of Europe
- 10.4.Asia Pacific
- 10.4.1.Asia Pacific Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
- 10.4.2.Asia Pacific Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
- 10.4.3.Asia Pacific Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
- 10.4.4.Asia Pacific Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
- 10.4.5.Asia Pacific Reciprocating Engine Market Revenue, by Application, 2016 – 2026
- 10.4.6.China
- 10.4.7.Japan
- 10.4.8.India
- 10.4.9.South Korea
- 10.4.10.South-East Asia
- 10.4.11.Rest of Asia Pacific
- 10.5.Latin America
- 10.5.1.Latin America Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
- 10.5.2.Latin America Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
- 10.5.3.Latin America Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
- 10.5.4.Latin America Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
- 10.5.5.Latin America Reciprocating Engine Market Revenue, by Application, 2016 – 2026
- 10.5.6.Brazil
- 10.5.7.Mexico
- 10.5.8.Rest of Latin America
- 10.6.The Middle-East and Africa
- 10.6.1.The Middle-East and Africa Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
- 10.6.2.The Middle-East and Africa Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
- 10.6.3.The Middle-East and Africa Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026
- 10.6.4.The Middle-East and Africa Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026
- 10.6.5.The Middle-East and Africa Reciprocating Engine Market Revenue, by Application, 2016 – 2026
- 10.6.6.GCC Countries
- 10.6.7.South Africa
- 10.6.8.Rest of Middle-East Africa
- 10.1.Global Reciprocating Engine Market: Regional Overview
- Chapter 11.Company Profiles
- 11.1.Kirloskar Oil Engines Limited
- 11.1.1.Company Overview
- 11.1.2.Financial Overview
- 11.1.3.Product Portfolio
- 11.1.4.Business Strategy
- 11.1.5.Recent Developments
- 11.2.MTU Onsite Energy
- 11.3.Ashok Leyland
- 11.4.Mitsubishi Heavy Industries
- 11.5.Escorts Group
- 11.6.Kawasaki Heavy Industries Ltd.
- 11.7.MAN Energy Sulutions
- 11.8.Briggs & Stratton
- 11.9.John Deere
- 11.1.Siemens AG
- 11.11.Wartsila
- 11.1.Kirloskar Oil Engines Limited
Table Of Figures
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Reciprocating Engine Market
FIG. 6 Global Reciprocating Engine Market Attractiveness, By Rated Power
FIG. 7 Global Reciprocating Engine Market Attractiveness, By Fuel Type
FIG. 8 Global Reciprocating Engine Market Attractiveness, By Application
FIG. 9 Global Reciprocating Engine Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Reciprocating Engine Market Revenue Share, by Rated Power, 2019 & 2026
FIG. 12 Global Reciprocating Engine Market for Below 2MW, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Reciprocating Engine Market for 2-5MW, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Reciprocating Engine Market for Above 5MW, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Reciprocating Engine Market Revenue Share, by Fuel Type, 2019 & 2026
FIG. 16 Global Reciprocating Engine Market for Dual Fuel, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Reciprocating Engine Market for Diesel, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Reciprocating Engine Market for Gas, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Reciprocating Engine Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Reciprocating Engine Market Revenue Share, by Application, 2019 & 2026
FIG. 21 Global Reciprocating Engine Market for Energy & Utility, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Reciprocating Engine Market for Industrial, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Reciprocating Engine Market for Landfill & Biogas, Revenue (USD Million) 2016 - 2026
FIG. 24 Global Reciprocating Engine Market for CHP, Revenue (USD Million) 2016 - 2026
FIG. 25 Global Reciprocating Engine Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 26 Global Reciprocating Engine Market Revenue Share, by Region, 2019 & 2026
FIG. 27 North America Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
FIG. 28 Europe Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
FIG. 29 Asia Pacific Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
FIG. 30 Latin America Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
FIG. 31 The Middle-East and Africa Reciprocating Engine Market Revenue, 2016 - 2026 (USD Million)
FIG. 32 Kirloskar Oil Engines Limited Business Segment Revenue Share, 2018 (%)
FIG. 33 Kirloskar Oil Engines Limited Geographical Segment Revenue Share, 2018 (%)
Table Of Tables
List of Tables
TABLE 1 Global Reciprocating Engine Market: Snapshot
TABLE 2 Drivers of the Reciprocating Engine Market: Impact Analysis
TABLE 3 Restraints for the Reciprocating Engine Market: Impact Analysis
TABLE 4 Global Reciprocating Engine Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026 (USD Million)
TABLE 7 North America Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026 (USD Million)
TABLE 8 North America Reciprocating Engine Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 9 Europe Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 10 Europe Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026 (USD Million)
TABLE 11 Europe Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026 (USD Million)
TABLE 12 Europe Reciprocating Engine Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 13 Asia Pacific Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 14 Asia Pacific Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Reciprocating Engine Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 17 Latin America Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 Latin America Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026 (USD Million)
TABLE 19 Latin America Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026 (USD Million)
TABLE 20 Latin America Reciprocating Engine Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 21 The Middle-East and Africa Reciprocating Engine Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 22 The Middle-East and Africa Reciprocating Engine Market Revenue, by Rated Power, 2016 – 2026 (USD Million)
TABLE 23 The Middle-East and Africa Reciprocating Engine Market Revenue, by Fuel Type, 2016 – 2026 (USD Million)
TABLE 24 The Middle-East and Africa Reciprocating Engine Market Revenue, by Application, 2016 – 2026 (USD Million)
Methodology
FrequentlyAsked Questions
Reciprocating Engine Market was worth USD 74.05 Billion in 2023
The market is forecast to reach USD 114.87 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5% during the forecast period 2024-2032.
Rise in demand for Combined Heat and Power (CHP) from the industrial & commercial sector, growing need for stability from the grid operators, and increase in the use of co-generation technologies are the major factors that are driving the growth of the global reciprocating engine market. For several distributed generation applications as well as commercial, institutional, and industrial facilities for power generation, reciprocating engines are best suited.
Regionally, Asia Pacific is anticipated to dominate the global reciprocating engine market during the forecast period. Factors such as growing economies, rise in the industrial sector, government initiatives, increase in commercial & residential projects with facilities for hot water, and growing incidences of natural disasters are contributing to the growth of the market in this region.
Some of the major companies operating in the global reciprocating engine market are Kirloskar Oil Engines Limited, MTU Onsite Energy, Ashok Leyland, Mitsubishi Heavy Industries, Escorts Group, Kawasaki Heavy Industries Ltd., MAN Energy Solutions, Briggs & Stratton, among others.
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