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Reciprocating power-generating engine is a heat-generating engine that uses one or more reciprocating pistons in order to convert pressure into rotatory motion. This provides at relatively low cost, which makes it an instrumental part of ensuring a reliable and safe flow of power to the grid. The main function of a reciprocating power engine is to provide incremental peaking power to the electric grid during high-demand periods, mitigating the ups and downs of solar, wind and other variable-output generating sources, and to ensure quick-start backup generation in the event of regional or local grid outages.
The market is highly driven by rapid investments toward cogeneration technology and increasing construction activities coupled with low diesel prices. Additionally, growing demand for reliable, uninterruptable and cost-effective systems for electricity generation across industrial establishments is expected to fuel the reciprocating power-generating engine market growth
The reciprocating power-generating engine market is categorized by gas-fired, diesel-fired, and dual-fired. Among which gas-fired and diesel-fired is highly used among various industries and the service sector. The above 5MW rated power is expected to grow due to ongoing government plans to electrify rural and remote areas along with rapid industrialization across the emerging economies.
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High power requirement across the industries due to increasing construction activities and infrastructural development along with growing utility sector will boost the reciprocating power-generating engine market. Additionally, the growing utilization of CHP technology along with increasing investments toward renewable capacity is expected to be favorable for industry growth.
The power industry is increasingly in need of flexible, efficient electricity generation and reciprocating engine generators are compatible with flexible peaking and intermediate generation needs. They offer competitive heat rates and multi-shaft reliability for energy markets, as well as industry-leading ramp rates and start-up times for ancillary services markets. Additionally, they have the lowest full load heat rate and is even more efficient in terms of the part-load operation. However, the reciprocating power-generating engine incurs high maintenance cost. They even need to be cooled, even if the heat recovered is not reusable along with high levels of low-frequency noise.
Some of the major companies that are present in reciprocating power-generating engine market are 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.
· Dual fuel
By Rated Power
· Below 2MW
· 2MW - 5MW
· Above 5MW
· Energy & Utility
· Landfill & Biogas
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The Reciprocating Power Generating Engine market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America reciprocating engine market is expected to flourish due to an increase in demand for the advanced security system for energy and power generation, and supportive government regulations. Accelerating investments toward cogeneration technology, increasing construction activities coupled with low diesel prices are some of the prominent factors which are expected to positively influence the product demand in the European market along with the rapid development of the service sector. Emerging economies such as China and India are considered to be major marketplaces for reciprocating engines due to factors such as the high concentration of major automotive manufacturers and the mechanization of farming with increasing investments from financial institutions such as the Asia Development Bank (ADB). The Middle East & Africa reciprocating power-generating engine market is expected to grow due to increment in government measures to diversify the power generation mix and reviving economic growth along with increasing investments from financial institutions to develop the industrial sector.
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