Industry Background:
The wankel engines are also known as rotary engines which are an internal combustion engine that uses the four strokes ofotto cycle (intake, compression, combustiona and exhaust) to generate kinetic energy. It uses oval shaped housing with triangular shaped rotor on the eccentric shaft, the rotary engines are advanatgeous because its compact, light weight has high engine speed to provide more power to weight ratios. The wankel engine or rotary engines are helps in smooth operation with its light weight design helps in eliminating the vibratio in the vehicle. However, it consumes more fuel for proper functioning and creates fuel emissions that are harmful to enevironment, and so there have been some stringent regulatory compliance which might hamper the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mazda Motor Corporation (Japan), Barnard Microsystems Limited (BML) (United Kingdom), Sky Power GmbH (Germany), Austro Engine (Austria), LiquidPiston, Inc. (United States), Rotron Power Ltd. (United Kingdom), Advanced Innovative Engineering (AIE) (United Kingdom), AIXRO GmbH (Germany), Gerhard Geiger GmbH & Co. KG (Germany) and ORBITAL POWER (United Kingdom) |
This growth is primarily driven by The demand for more power output in the automobile industry is increasing, so the Wankel engine market is growing. It provides smooth operation eliminating the vibration, offers enhanced cooling effect reducing the risk of overheating and any possible damage due to this. The Wankel engines offer the benefit of lesser weight resulting in smooth operation and more power output..
Globally, a noticeable market trend is evident The Advent of Wankel Engines for Electric Vehicles
Major Vendors, such as Mazda Motor Corporation (Japan), Barnard Microsystems Limited (BML) (United Kingdom), Sky Power GmbH (Germany), Austro Engine (Austria), LiquidPiston, Inc. (United States), Rotron Power Ltd. (United Kingdom), Advanced Innovative Engineering (AIE) (United Kingdom), AIXRO GmbH (Germany), Gerhard Geiger GmbH & Co. KG (Germany) and ORBITAL POWER (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. In order to enhance the performance of its engines, Advanced Innovative Engineering (AIE), a producer of rotary engines with headquarters in Lichfield, Staffordshire, UK, has embraced additive manufacturing.
Key Developments in the Market:
Front Line Power Construction LLC's acquisition by Orbital Energy Group, Inc.
In 2021, Mazda announced plans to introduce a range-extended electric vehicle that would use a Wankel engine to generate electricity to extend the vehicle's driving range.
Regulatory Insights:
"According to the Rotary Engine Development Agency (REDA), each four-stroke Szorenyi rotary module is equivalent to an eight-cylinder reciprocating or opposed-piston engine. The Szorenyi engine is also more optimized for multi-rotor configuration than a Wankel rotary due to the use of peripheral ports when compared to the Wankel engine’s use of complex side ports. The ability to easily configure multi-rotor, four-stroke engines could result in rotary powerplants that generate power equivalent to 8-, 16-, or 24-cylinder reciprocating engines. Furthermore, the development of standardized modules could reduce manufacturing and life-cycle maintenance costs. REDA also noted that if a pre-compression phase was introduced, the engine could use diesel fuel – aligning with the U.S. military “one fuel” concept and making the engine a potential consideration for military applications."
Influencing Trend:
The Advent of Wankel Engines for Electric Vehicles and The Emerging Use of Wankel Engines in Hybrid Drivetrain
Market Growth Drivers:
The demand for more power output in the automobile industry is increasing, so the Wankel engine market is growing. It provides smooth operation eliminating the vibration, offers enhanced cooling effect reducing the risk of overheating and any possible damage due to this. The Wankel engines offer the benefit of lesser weight resulting in smooth operation and more power output.
Challenges:
Requires more Maintenance and Fuel to Function properly
Restraints:
Stringent Fuel Emission Related Regulatory Guidelines Might Hamper the Growth of Wankel Engine Market and Risk of Environmental Hazards Due to Wankel Engines
Opportunities:
Continuous Technological Advancements in Engines used in the Automobile Industry will Boost the Market
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Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Wankel Engines Market
- Analysis about New Entrants in Wankel Engines Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Wankel Engines Study Sheds Light on
The Wankel Engines Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wankel Engines industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wankel Engines industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.