Asia Pacific Back Up Reciprocating Power Generating Engine Market Size - By Fuel Type (Gas-Fired, Diesel-Fired, Dual Fuel), By Application (Industrial, CHP, Energy & Utility, Landfill & Biogas), By Rated Power & Forecast, 2023

Description

List of Tables

Asia Pacific Back Up Reciprocating Power Generating Engine Market size is set to expand at 4.6% CAGR between 2023 and 2032 propelled by the rising grid unreliability in the region. The persistent grid instability, frequent power outages, and changes in voltage levels are escalating the higher need for backup power solutions. Several businesses, industries, and essential infrastructure across APAC countries with grid reliability issues are highly relying on backup reciprocating engines to maintain electricity during outages. The flexibility and rapid response of these engines to address the unpredictability of power networks in the region is resulting in the growing need for preserving operational resilience and limiting the economic effect of power outages, driving the market growth.

The APAC back up reciprocating power generating engine industry is segmented into fuel type, application, rated power, and country.

Based on fuel type, the market share from the duel fuel segment is anticipated to gain significant traction between 2023 and 2032. The soaring energy requirements across several industries and power plants in the region are surging the demand for dual-fuel engines to capitalize on cost-effective fuel options and ensure reliable power supply. The ability to seamlessly switch between fuels to enhance the operational resilience is also contributing to the growing preference for dual-fuel backup reciprocating power-generating engines.

APAC back up reciprocating power generating engine market from the energy and utility segment is estimated to record considerable growth through 2032. Backup reciprocating power-generating engines serve as backup power sources in the energy and utility sector for ensuring uninterrupted electricity supply during grid outages. Additionally, the jump in government initiatives to enhance power infrastructure to address the growing need for continuous power in remote areas and off-grid locations will further fuel the segment growth.

With respect to country, India back up reciprocating power generating engine industry is poised to expand at a notable growth rate from 2023-2032. The rapid economic development and industrial expansion in the country are fueling the demand for reliable backup power solutions. Additionally, the surge in government initiatives to improve rural electrification and provide continuous power in remote areas will further boost the market growth. For instance, in January 2023, the Climate Policy Initiative and the IKEA Foundation initiated new efforts to raise USD 15-17 million in funding for renewable energy goods and services to enhance the quality of life of people in rural regions.

Product Code: 7044

Chapter 1 Methodology & Scope

1.1 Market scope and definitions
1.2 Market estimates & forecast parameters
- 1.2.1 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Asia Pacific Back Up Reciprocating Power Generating Engine Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor Matrix
2.2 Regulatory landscape
2.3 COVID- 19 impact on the industry outlook
2.4 Industry impact forces
- 2.4.1 Growth drivers
- 2.4.2 Industry pitfalls & challenges
2.5 Growth potential analysis
2.6 Porter's Analysis
- 2.6.1 Bargaining power of suppliers
- 2.6.2 Bargaining power of buyers
- 2.6.3 Threat of new entrants
- 2.6.4 Threat of substitutes
2.7 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Competitive landscape, 2022
- 3.1.1 Strategic dashboard
3.2 Innovation & technology landscape

Chapter 4 Asia Pacific Back Up Reciprocating Power Generating Engine Market, By Fuel Type (Units & USD)

4.1 Key trends, By Fuel Type
4.2 Gas-fired
4.3 Diesel-fired
4.4 Dual fuel
4.5 Others

Chapter 5 Asia Pacific Back Up Reciprocating Power Generating Engine Market, By Rated Power (Units & USD)

5.1 Key trends, By Rated Power
5.2 0.5 MW - 1 MW
5.3 > 1 MW - 2 MW
5.4 > 2 MW - 3.5 MW
5.5 > 3.5 MW - 5 MW
5.6 > 5 MW - 7.5 MW
5.7 > 7.5 MW

Chapter 6 Asia Pacific Back Up Reciprocating Power Generating Engine Market, By Application (Units & USD)

6.1 Key trends, By Rated Power
6.2 Industrial
6.3 CHP
6.4 Energy & utility
6.5 Landfill & biogas
6.6 Others

Chapter 7 Asia Pacific Back Up Reciprocating Power Generating Engine Market, By Country (Units & USD)

7.1 Key trends, by country
7.2 China
7.3 India
7.4 Japan
7.5 South Korea
7.6 Australia
7.7 Thailand
7.8 Singapore
7.9 Indonesia
7.10 Malaysia

Chapter 8 Company Profiles

8.1 Caterpillar Inc.
8.2 Cummins Inc.
8.3 Kohler Co.
8.4 Mitsubishi Heavy Industries
8.5 Yanmar Co., Ltd.
8.6 Doosan Engine
8.7 Yuchai International Imp & Exp
8.8 Yamaha motor
8.9 Volvo Penta
8.10 Kirloskar Oil Engines Ltd. (India)
8.11 Deutz AG
8.12 General Electric
8.13 Scania
8.14 Hyundai Heavy Industries Co., Ltd.
8.15 Ashok Leyland
8.16 MTU
8.17 Perkin Engines company LTD.