About External Combustion Engine
External combustion engines are the most common form of external heat engines (EHEs), owing to their use in power plants. An external combustion engine is distinctive from other EHEs since it requires fuel to go through combustion to create the heat which is used for work. These engines are no longer used in transportation, as mobile designs are not efficient enough, however, they continue to be used in power plants. In an external combustion engine, the fuel is burnt outer the engine and the energy which is obtained by the combustion of fuel is then passed to the engine with the help of a heat-carrying medium.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players of the external combustion engine are focusing on strategic partnerships to improve their products and services along with focusing on increasing their client base to strengthen market position. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global External Combustion Engine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stirling Thermal Motors (United States), Deere & Company (United States), Stirling Power Systems Corporation (Canada), Aisin Seiki Co., Ltd (Japan), Microgen Engine Corporation (Netherlands), Shanghai Electric Group (China), Siemens AG (Germany) and General Electric (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global External Combustion Engine market by Type (Steam Engine and Stirling Engine), Application (Pump, Train, Ship, Nuclear Power Plant and Thermal Power Plant) and Region.
On the basis of geography, the market of External Combustion Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by System Type, the sub-segment i.e. Single Phase will boost the External Combustion Engine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Economical Product for Huge Power Generation
Market Growth Drivers:
Increasing Demand from End-Use Applications and It Provides Low Emissions and Low Noise
Challenges:
Rising Demand from Developing Economies
Restraints:
Not Suitable for Low Load Requirements
Opportunities:
Rising Demand from Developing Economies
Market Leaders and their expansionary development strategies
In November 2023, An aircraft manufacturer partnered with a fuel cell developer to explore the feasibility of hydrogen-powered commercial airplanes for a future with zero-emission aviation.
In October 2023, Rolls-Royce launched its UltraFan demonstrator engine, featuring geared architecture and advanced materials for a 25% fuel burn reduction compared to previous models.
Key Target Audience
Manufacturers of External Combustion Engine, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of External Combustion Engine, Power Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.