PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535711
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535711
Europe Backup Reciprocating Power Generating Engine Market size will record over 4.3% CAGR from 2024-2032, due to the growing emphasis on ensuring the continuity of power for critical infrastructure, such as data centers, hospitals, and emergency services.
Of late, several companies in Europe are investing in robust backup power systems as part of their business continuity plans to mitigate the risks associated with power outages and disruptions. For example, in November 2022, Rolls-Royce was awarded a contract to supply as well as install a large-scale mtu (maximum transmission unit) EnergyPack QG battery storage system on turnkey basis to the Dutch energy firm Semper Power in Vlissingen. Furthermore, technological advancements are leading to more efficient reciprocating engines to provide higher power output with lower fuel consumption for enhancing the overall system performance.
The Europe backup reciprocating power generating engine industry is segmented into fuel type, rated power, application and country.
By rated power, the market value from the > 5 MW - 7.5 MW segment may depict lucrative growth between 2024 and 2032, driven by the robust need for reliable, scalable, and efficient power solutions in large-scale industrial, commercial, and critical infrastructure applications. These engines boast of an ability to provide substantial backup power, support grid stability, and integrate with other systems, emerging as valuable assets in modern power management strategies.
In terms of application, the Europe backup reciprocating power generating engine market size from the energy & utility segment will record significant expansion up to 2032. This is due to the rising need for power generating engines for various purposes to ensure the continuous supply of power while maintaining the grid stability and supporting infrastructure. They also supply power to water and wastewater treatment facilities for ensuring that clean water is available, and wastewater is properly treated during outages.
U.K. backup reciprocating power generating engine industry may witness substantial CAGR between 2024 and 2032. The growth can be attributed to the increased awareness of the importance of backup power solutions for ensuring operational continuity and protecting against financial losses due to power outages. Urban areas across the region are subjected to noise regulations, leading to the adoption of quieter engine designs and better noise insulation solutions. The growing interest in residential backup generators due to surging instances of extreme weather and grid instability will drive the regional product demand.