PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1667045
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1667045
Backup Reciprocating Power Generating Engine Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Backup Reciprocating Power Generating Engine Market reached USD 21.8 billion in 2024 and is anticipated to grow at a CAGR of 4% during 2025-2034. Increasing power outages caused by extreme weather events such as hurricanes, storms, and heat waves drive the demand for reliable backup power solutions, thus boosting market growth.
The >1 MW - 2 MW segment is expected to reach USD 10 billion over 2025-2034. These engines are gaining popularity due to their compact designs and advanced noise-reduction technologies, making them suitable for installations in limited spaces while minimizing sound disruptions. Continuous innovation in engine technology, including electronic fuel injection, variable valve timing, and optimized combustion systems, improves fuel efficiency and reduces operational costs, further supporting market expansion.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $21.8 Billion |
| Forecast Value | $32.6 Billion |
| CAGR | 4% |
The industrial segment is projected to grow at a CAGR of 3% through 2034, supported by rapid industrialization and infrastructure development in emerging economies. Technological advancements such as hybrid systems and low-NOx combustion technologies, combined with stringent emissions regulations, are enhancing the adoption of these engines. These innovations align with the industry's focus on sustainability and energy efficiency, reinforcing the market's potential for long-term growth.
U.S backup reciprocating power generating engine market is set to generate USD 4 billion through 2034. Factors such as aging grid infrastructure, an increasing frequency of extreme weather events, and rising electricity demand are propelling market dynamics. The growing need for energy-efficient and reliable backup power solutions drives adoption, particularly in industrial and commercial sectors. Additionally, investments in modernizing energy systems and improving grid resilience are amplifying growth opportunities.
Overall, the market growth is underpinned by technological progress, evolving energy needs, and a global focus on reliable, efficient, and sustainable power generation systems. These factors are expected to drive continued adoption and innovation in the backup reciprocating power generating engine sector.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Market estimates & forecast parameters
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Public
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Strategic outlook
- 4.3 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Fuel Type, 2021 – 2034 (Units, MW & USD Million)
- 5.1 Key trends
- 5.2 Gas-fired
- 5.3 Diesel-fired
- 5.4 Dual fuel
- 5.5 Others
Chapter 6 Market Size and Forecast, By Rated Power, 2021 – 2034 (Units, MW & USD Million)
- 6.1 Key trends
- 6.2 0.5 MW - 1 MW
- 6.3 > 1 MW - 2 MW
- 6.4 > 2 MW - 3.5 MW
- 6.5 > 3.5 MW - 5 MW
- 6.6 > 5 MW - 7.5 MW
- 6.7 > 7.5 MW
Chapter 7 Market Size and Forecast, By Application, 2021 – 2034 (Units, MW & USD Million)
- 7.1 Key trends
- 7.2 Industrial
- 7.3 CHP
- 7.4 Energy & utility
- 7.5 Landfill & biogas
- 7.6 Others
Chapter 8 Market Size and Forecast, By Region, 2021 – 2034 (Units, MW & USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 France
- 8.3.3 Germany
- 8.3.4 Russia
- 8.3.5 Italy
- 8.3.6 Spain
- 8.3.7 Netherlands
- 8.3.8 Denmark
- 8.3.9 Norway
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Thailand
- 8.4.7 Singapore
- 8.4.8 Indonesia
- 8.4.9 Malaysia
- 8.5 Middle East & Africa
- 8.5.1 UAE
- 8.5.2 Saudi Arabia
- 8.5.3 Qatar
- 8.5.4 Oman
- 8.5.5 Kuwait
- 8.5.6 Iran
- 8.5.7 Egypt
- 8.5.8 Turkey
- 8.5.9 Jordan
- 8.5.10 South Africa
- 8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina
- 8.6.3 Chile
- 8.6.4 Peru
Chapter 9 Company Profiles
- 9.1 AB Volvo Penta
- 9.2 Atlas Copco
- 9.3 CATERPILLAR ENERGY SOLUTIONS
- 9.4 Clarke Energy
- 9.5 General Electric
- 9.6 HIMOINSA
- 9.7 Kirloskar
- 9.8 Mitsubishi Heavy Industries
- 9.9 Motorenfabrik Hatz GmbH
- 9.10 Rehlko
- 9.11 Rolls-Royce
- 9.12 Scania
- 9.13 Wartsila
- 9.14 Yamaha Motor
- 9.15 Yuchai International
