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The UK reciprocating power generating engine market is set to exceed installation of 2.5 GW by 2025. Rising construction activities, increased funding toward sustainable technology and reduced diesel prices are among the paramount factors which will increase the product penetration. Furthermore, increasing concentration of data center industry coupled with rapid expansion of service sector will augment the business growth.Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3386
Reciprocating Power Generating Engine Market share is set to surpass USD 120 billion by 2025. Rising demand for sustainable energy sources along with growing consumer inclination toward energy efficient equipment will stimulate reciprocating power generating engine market. Rising investments toward renewable systems coupled with increasing utilization of combined heat and power technology will drive the industry growth. Furthermore, introduction of favorable government policies pertaining to the development of sustainable cogeneration plants will positively influence the industry outlook.
Rising demand for uninterruptable, cost-effective and reliable structures for power generation across various industries will foster reciprocating power generating market growth. Favorable schemes and incentives by respective regulatory bodies coupled with paradigm shift toward the renewable energy sources will positively influence the industry landscape.
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Abundant availability of gas coupled with prevailing expansion of cogeneration technologies will propel the natural gas fired engines. In addition, rapidly expanding manufacturing industries including fertilizer, oil & gas and pharmaceutical will boost reciprocating power generating engine market. Low system cost, fast start-up and reliability are among the prime factors which will increase the product penetration.
Prevailing government policies to electrify remote and rural areas coupled with rapidly increasing industrialization across the emerging nations will augment the > 7.5 rated power reciprocating power generating engine market. Rising utility sector along with requirement of high power across the industries will encourage the product penetration. Furthermore, infrastructural development and increasing construction activities will complement the industry growth.
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Increasing weather related disasters along with the favorable regulatory framework to reduce carbon footprint will propel reciprocating power generating engine market share. Continuous technological enhancements coupled with the introduction of several mandates & norms toward sustainable buildings will increase the product adoption. In 2018, the U.S. EPA proposed the IGCC to improve the health and environment of sites, buildings, and structures.
MEA reciprocating power generating engine market is set to witness significant growth on account of increasing need for power solutions with automatic & quick start-up along with growing government measures to expand power generation mix. In addition, resurgent economic growth coupled with rising investments from various financial institutions including ADB to enhance industrial sector will drive the industry growth.
Chapter 5. Reciprocating Power Generating Engine Market, By Rated Power
5.1. Reciprocating power generating engine market share by rated power, 2018 & 2025
5.2. Below 2 MW
5.2.1. Market estimates and forecast, 2013-2024
5.3. >2 – 3.5 MW
5.3.1. Market estimates and forecast, 2013-2024
5.4. >3.5 – 5 MW
5.4.1. Market estimates and forecast, 2013-2024
5.5. >5 – 7.5 MW
5.5.1. Market estimates and forecast, 2013-2024
5.6. >7 MW
5.6.1. Market estimates and forecast, 2013-2024
Chapter 6. Reciprocating Power Generating Engine Market, By Application
6.1. Reciprocating power generating engine market share by application, 2018 & 2025
6.2. Industrial
6.2.1. Market estimates and forecast, 2013-2024
6.3. CHP
6.3.1. Market estimates and forecast, 2013-2024
6.4. Energy & Utility
6.4.1. Market estimates and forecast, 2013-2024
6.5. Landfill & Biogas
6.5.1. Market estimates and forecast, 2013-2024
6.6. Others
6.6.1. Market estimates and forecast, 2013-2024
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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/reciprocating-power-generating-engine-market
Release ID: 88913178