PUBLISHER: Polaris Market Research | PRODUCT CODE: 1586419
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1586419
Stirling Engine Market Size, Share, Trends, Industry Analysis Report: By Configuration, Application, End User, and Region - Market Forecast, 2024-2032
The global Stirling engine market size is expected to reach USD 1,672.06 million by 2032, according to a new study by Polaris Market Research. The report "Stirling Engine Market Size, Share, Trends, Industry Analysis Report: By Configuration (Alpha, Beta, Gamma, and Others), Application, End User, and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) - Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The Stirling engine market is witnessing significant growth, driven by increasing global demand for distributed power generation and a strong emphasis on energy efficiency and low emissions. Governments worldwide support this shift through incentives and subsidies for adopting renewable energy sources, further fueling market expansion. The need for efficient energy solutions is becoming paramount as consumers become more environmentally conscious, pushing Stirling engines to the forefront of sustainable technology.
In addition to renewable energy applications, Stirling engines are gaining traction in the aerospace industry, particularly for powering unmanned vehicles and various space applications. High reliability and the ability to operate under extreme conditions make these engines ideal for such uses. In April 2023, the China National Space Agency successfully tested a Stirling engine in orbit during the Shenzhou-15 mission, marking a significant milestone for the technology.
Micro-Stirling Engines are emerging as a popular solution for powering electronic devices and cooling computer processors. The growing use of these engines in waste heat recovery systems allows companies to capture waste heat from industrial processes and convert it into electricity, reducing energy costs and carbon footprints. Additionally, advancements in computational fluid dynamics (CFD) enable engineers to optimize Stirling engine designs, further enhancing their performance and efficiency across various applications.
Stirling Engine Market Report Highlights
By configuration, the beta segment led the Stirling engine market in 2023 due to its efficiency, compact design, and suitability for decentralized, renewable energy applications.
The nuclear power plants segment, based on application, is expected to witness a significant CAGR during the forecast period, driven by Stirling engines' efficiency, low environmental impact, and rising investments in sustainable energy technologies and reduced carbon emissions.
In 2023, North America led the Stirling engine market, driven by widespread adoption in automotive, aerospace, and power generation, supported by technological advancements and a focus on sustainability.
A few global key market players are United Sun Systems International Ltd. (TEXEL); Qnergy Ltd.; ADI Thermal Power Corporation; Shanghai Marine Diesel Engine Research Institute; Frauscher Motors GmbH; Kontax Engineering Ltd.; Sunpower, Inc. (AMETEK); and Microgen Engine Corporation.
Polaris Market Research has segmented the Stirling engine market report on the basis of configuration, application, end user, and region:
By Configuration Outlook (Revenue - USD Million, 2019-2032)
- Alpha
- Beta
- Gamma
- Others
By Application Outlook (Revenue - USD Million, 2019-2032)
- Submarines
- Solar Power Generation
- Nuclear Power Plants
- Others
By End-User Outlook (Revenue - USD Million, 2019-2032)
- Marine
- Power & Energy
- Others
By Regional Outlook (Revenue - USD Million, 2019-2032)
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Australia
- Malaysia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Research Methodology Overview
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Third Party Perspective
- 1.3.5 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing (Secondary Sources)
Chapter 2. Executive Summary
- 2.1 Market Overview
- 2.2 Market Segmentation
- 2.2.1 Market By Configuration
- 2.2.2 Market By Application
- 2.2.3 Market By End User
- 2.2.4 Geographic Overview
Chapter 3. Stirling Engine Market Insights
- 3.1 Stirling Engine - Market Size And Growth Prospects
- 3.2 Stirling Engine Market Dynamics
- 3.2.1 Stirling Engine Market Driver and Opportunity Analysis
- 3.2.1.1 Growing Demand for Sustainable Energy Solutions
- 3.2.1.2 Increasing Government Incentives and Regulations
- 3.2.2 Stirling Engine Market Restraint/Challenges Analysis
- 3.2.2.1 Limited Awareness and Adoption
- 3.2.2.2 Growing Complexity in Design and Integration
- 3.2.1 Stirling Engine Market Driver and Opportunity Analysis
- 3.3 Stirling Engine Market- Porter's Five Forces Analysis
- 3.4 Stirling Engine Market- PESTLE Analysis
- 3.5 Stirling Engine Market- Value Chain Analysis
- 3.6 Stirling Engine Market- Key Industrial Trends
- 3.7 Stirling Engine Market- COVID-19 Impact Analysis
Chapter 4. Stirling Engine Market Assessment By Configuration
- 4.1 Introduction
- 4.2 Alpha
- 4.3 Beta
- 4.4 Gamma
- 4.5 Others
Chapter 5. Stirling Engine Market Assessment By Application
- 5.1 Introduction
- 5.2 Submarines
- 5.3 Solar Power Generation
- 5.4 Nuclear Power Plants
- 5.5 Others
Chapter 6. Stirling Engine Market Assessment By End User
- 6.1 Introduction
- 6.2 Marine
- 6.3 Power & Energy
- 6.4 Others
Chapter 7. Stirling Engine Market Assessment by Geography
- 7.1 Introduction
- 7.2 Stirling Engine Market - North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Stirling Engine Market - Europe
- 7.3.1 Germany
- 7.3.2 France
- 7.3.3 Italy
- 7.3.4 U.K
- 7.3.5 Spain
- 7.3.6 Netherlands
- 7.3.7 Russia
- 7.3.8 Rest of Europe
- 7.4 Stirling Engine Market - Asia-Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 Indonesia
- 7.4.5 South Korea
- 7.4.6 Malaysia
- 7.4.7 Australia
- 7.4.8 Rest of APAC
- 7.5 Stirling Engine Market - Latin America
- 7.5.1 Brazil
- 7.5.2 Argentina
- 7.5.3 Mexico
- 7.5.4 RoLATAM
- 7.6 Stirling Engine Market - Middle East And Africa
- 7.6.1 Saudi Arabia
- 7.6.2 South Africa
- 7.6.3 UAE
- 7.6.4 Israel
- 7.6.5 Rest of Middle East & Africa
Chapter 8. Competitive Landscape
- 8.1 Product Development and Launches are the Best Adopted Strategy by the Companies
- 8.2 Key Market Developments
Chapter 9. Company Profiles
- 9.1 United Sun Systems International Ltd. (TEXEL)
- 9.1.1 Business Overview
- 9.1.2 Product Benchmarking
- 9.1.3 Recent Developments
- 9.2 Qnergy Ltd.
- 9.2.1 Business Overview
- 9.2.2 Product Benchmarking
- 9.2.3 Recent Developments
- 9.3 ADI Thermal Power Corporation
- 9.3.1 Business Overview
- 9.3.2 Product Benchmarking
- 9.4 Shanghai Marine Diesel Engine Research Institute.
- 9.4.1 Business Overview
- 9.4.2 Product Benchmarking
- 9.5 Frauscher Motors GmbH
- 9.5.1 Business Overview
- 9.5.2 Product Benchmarking
- 9.6 Kontax Engineering Ltd.
- 9.6.1 Business Overview
- 9.6.2 Product Benchmarking
- 9.7 Sunpower, Inc. (AMETEK)
- 9.7.1 Business Overview
- 9.7.2 Product Benchmarking
- 9.8 Microgen Engine Corporation
- 9.8.1 Business Overview
- 9.8.2 Product Benchmarking
- 9.8.3 Recent Developments
List of Tables
- Table 1 Global Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Table 2 Global Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Table 3 Global Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Table 4 Stirling Engine Market Assessment, By Geography, 2019 - 2032 (USD Million)
- Table 5 North America: Stirling Engine Market, by Country, 2019 - 2032 (USD Million)
- Table 6 North America: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Table 7 North America: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Table 8 North America: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Table 9 Europe: Stirling Engine Market, by Country, 2019 - 2032 (USD Million)
- Table 10 Europe: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Table 11 Europe: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Table 12 Europe: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Table 13 APAC: Stirling Engine Market, by Country, 2019 - 2032 (USD Million)
- Table 14 Asia Pacific: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Table 15 Asia Pacific: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Table 16 Asia Pacific: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Table 17 Latin America: Stirling Engine Market, by Country, 2019 - 2032 (USD Million)
- Table 18 Latin America: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Table 19 Latin America: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Table 20 Latin America: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Table 21 Middle East and Africa: Stirling Engine Market, by Country, 2019 - 2032 (USD Million)
- Table 22 Middle East & Africa: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Table 23 Middle East & Africa: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Table 24 Middle East & Africa: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
List of Figures
- Figure 1. Information Procurement
- Figure 2. Primary Research Pattern
- Figure 3. Primary research process
- Figure 4. Market research approaches - Bottom Up Approach
- Figure 5. Market research approaches - Top Down Approach
- Figure 6. Market research approaches - Combined Approach
- Figure 7. Stirling Engine - Market Overview 2019-2032 (USD Mn)
- Figure 8. Stirling Engine - Market, By Configuration 2019-2032 (USD Mn)
- Figure 9. Stirling Engine - Market, By Application 2019-2032 (USD Mn)
- Figure 10. Stirling Engine - Market, By End User 2019-2032 (USD Mn)
- Figure 11. Stirling Engine - Market, By Region 2019-2032 (USD Mn)
- Figure 12. Stirling Engine - Market Size And Growth Prospects (USD Mn)
- Figure 13. Stirling Engine Market- Porter's Five Forces Analysis
- Figure 14. Stirling Engine Market - PESTLE Analysis
- Figure 15. Stirling Engine Market - Value Chain Analysis
- Figure 16. Stirling Engine Market, By Configuration 2019 - 2032 (USD Million)
- Figure 17. Global Stirling Engine Market - By Alpha, 2019 - 2032 (USD Million)
- Figure 18. Global Stirling Engine Market - By Beta, 2019 - 2032 (USD Million)
- Figure 19. Global Stirling Engine Market - By Gamma, 2019 - 2032 (USD Million)
- Figure 20. Global Stirling Engine Market - By Others, 2019 - 2032 (USD Million)
- Figure 21. Stirling Engine Market, By Application 2019 - 2032 (USD Million)
- Figure 22. Global Stirling Engine Market, By Submarines 2019 - 2032 (USD Million)
- Figure 23. Global Stirling Engine Market, By Solar Power Generation 2019 - 2032 (USD Million)
- Figure 24. Global Stirling Engine Market, By Nuclear Power Plants 2019 - 2032 (USD Million)
- Figure 25. Global Stirling Engine Market, By Others 2019 - 2032 (USD Million)
- Figure 26. Global Stirling Engine Market, By End User 2019-2032
- Figure 27. Global Stirling Engine Market - by Marine, 2019 - 2032 (USD Million)
- Figure 28. Global Stirling Engine Market - by Power & Energy, 2019 - 2032 (USD Million)
- Figure 29. Global Stirling Engine Market - by Others, 2019 - 2032 (USD Million)
- Figure 30. Global Stirling Engine Market Value, By Region, 2019 - 2032 (USD Mn)
- Figure 31. Global Stirling Engine Market Value, By Configuration, 2019 - 2032 (USD Mn)
- Figure 32. Global Stirling Engine Market Value, By Application, 2019 - 2032 (USD Mn)
- Figure 33. Global Stirling Engine Market Value, By End User, 2019 - 2032 (USD Mn)
- Figure 34. North America: Stirling Engine Market, By Country, 2019 - 2032 (USD Million)
- Figure 35. North America: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Figure 36. North America: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Figure 37. North America: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Figure 38. U.S: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 39. Canada: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 40. Europe Stirling Engine Market Value, By Country, in USD Mn, 2019 - 2032
- Figure 41. Europe: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Figure 42. Europe: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Figure 43. Europe: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Figure 44. Germany: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 45. France: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 46. Italy: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 47. U.K: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 48. Spain: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 49. Netherlands: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 50. Russia: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 51. Rest of Europe: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 52. Asia Pacific Stirling Engine Market Value, By Country, 2019 - 2032 (USD Million)
- Figure 53. Asia Pacific: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Figure 54. Asia Pacific: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Figure 55. Asia Pacific: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Figure 56. China: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 57. India: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 58. Japan: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 59. Indonesia: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 60. South Korea: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 61. Malaysia: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 62. Australia: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 63. Rest Of APAC: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 64. Latin America Stirling Engine Market Value, By Country, 2019 - 2032 (USD Million)
- Figure 65. Latin America: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Figure 66. Latin America: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Figure 67. Latin America: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Figure 68. Brazil: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 69. Argentina: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 70. Mexico: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 71. RoLATAM: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 72. Middle East & Africa Stirling Engine Market Value, By Country, 2019-2032 (USD Million)
- Figure 73. Middle East & Africa: Stirling Engine Market, By Configuration, 2019 - 2032 (USD Million)
- Figure 74. Middle East & Africa: Stirling Engine Market, By Application, 2019 - 2032 (USD Million)
- Figure 75. Middle East & Africa: Stirling Engine Market, By End User, 2019 - 2032 (USD Million)
- Figure 76. Saudi Arabia: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 77. South Africa: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 78. UAE: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 79. Israel: Stirling Engine Market, 2019 - 2032 (USD Million)
- Figure 80. Rest of Middle East & Africa: Stirling Engine Market, 2019 - 2032 (USD Million)
