External Combustion Engine Market Size, Share, Growth Report 2030

External Combustion Engine Market

External Combustion Engine Market Size - by Type (Steam Engine, Stirling Engine), By Application (Pump, Ship, Train, Steam Power Plant, Nuclear Power Plant) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2021-2028

Category: Semiconductor & Electronics Report Format : PDF Pages: 180 Report Code: ZMR-6808 Published Date: Oct-2021 Status : Published

The global external combustion engine market size accounted for USD 566.87 Million in 2020 and is expected to reach USD 787.82 Million by 2028, growing at a CAGR of 4.2% from 2021 to 2028 | Industry Share By Type, Application, And Region.

External Combustion Engine Market

Industry Perspective:

In terms of revenue, the global external combustion engine market size accounted for USD 566.87 Million in 2020 and is expected to reach USD 787.82 Million by 2028, growing at a CAGR of 4.2% from 2021 to 2028.

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In an external combustion engine, thermal energy is produced by burning fuel externally; which further releases energy that is used to heat water and convert water into steam. During this process, high-pressure steam is generated due to the heating of the water which further moves a piston inside the cylinder. At this point, the kinetic energy of the moving piston is converted into mechanical energy. Nowadays, the Steam engine and the Stirling engine are two types of external combustion engines that are widely used. The Stirling engine is widely in yachts and submarines where no external valves are required, whereas Stirling engines are highly efficient, as compared to steam engines. Also, as compared to the noise and emission generated by internal combustion engines, External combustion engines produce less noise and emission.

COVID-19 Impact Analysis

The COVID-19 outbreak has caused disruptions to global supply chains and other businesses. However, this epidemic did not impact the External Combustion Engine Market. With the upliftment of the Covid-19 restriction, the industry is expected to regain its original position and start functioning and generating revenue in the forecast period.

Growth Factors

Nowadays, the number of power stations is rising, thus increasing the number of power stations is likely to boom the growth of the external combustion engine market. Also, environmental awareness across the globe is increasing, owing to which is likely to boost the demand for use for external combustion engines, as external combustion engines use various sources including municipal waste, biomass, geothermal, and solar to supply heat, which is anticipated to boost the external combustion engine market across the globe. Moreover, the rising demand for steam engines across the globe for the development of electricity is anticipated to propel the demand for external combustion engines and fuel the growth of the external combustion engine market.

Furthermore, as the external combustion engine generates less external noise and also helps to reduce exhaust high-pressure combustion products; the demand for external combustion engine from major power plants are increasing further leading to propelling the market growth in the near future over the forecast period.

External Combustion Engine Market Report Scope:

Report Attributes Report Details
Report Name External Combustion Engine Market Research Report
Market Size in 2020 USD 566.87 Million
Market Forecast in 2028 USD 787.82 Million
Compound Annual Growth Rate CAGR of 4.2%
Number of Pages 180
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Stirling Thermal Motors Inc., Aisin Seiki Co. Ltd., Sterling Power Systems Corporation, Sunpower Inc., Saab AB, Reliable Engine Co. Microgen Engine Corporation, Deere & Company, Azelio, Yanmar Holdings Co. Ltd.
Segments Covered By Type, By Applications, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Application Segment Analysis Preview:

The application segment is anticipated to hold the largest share of the External Combustion Engine Market over the forecast period. External combustion engines are used in Steam Power plants, Nuclear Power plants. Nowadays the number of power plants is increasing across the globe. This rising in the number of power plants is anticipated to boost the External Combustion Engine Market in near future over the forecast period. Also, External combustion engines are used in pumps, Ships, and trains. Environmental awareness across the globe is increasing. As the External combustion engine uses various sources including municipal waste, biomass, geothermal, and solar to supply heat, it is expected to boom the External Combustion Engine Market over the forecast period.

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Regional Analysis Preview

Europe is anticipated to hold the largest share of the external combustion engine market. The growth of the external combustion engine market in this region is attributed to a rapid increase in industrialization across the region. Also, Owing to the increasing number of power stations in this region, the demand for external combustion engines is likely to increase further propelling the growth of the external combustion engine market in near future over the forecast period.

Asia Pacific is projected to have the fastest growth for the external combustion engine market over the forecast period. The growth of the external combustion engine market in this region is attributed to the presence of the major presence of thermal power plants across the region. Also, the major developed countries including china, japan have nuclear power plants which are likely to upsurge the demand for external combustion engines across these countries, further propelling the growth of the external combustion engine market in this region in near future over the forecast period.

Global External Combustion Engine Market Regional AnalysisRequest Free Sample

Key Market Players & Competitive Landscape

Some of the key players in the External Combustion Engine Market are,

  • Stirling Thermal Motors Inc.
  • Aisin Seiki Co. Ltd.
  • Sterling Power Systems Corporation
  • Sunpower Inc.
  • Saab AB
  • Reliable Engine Co.
  • Microgen Engine Corporation
  • Deere & Company
  • Azelio
  • Yanmar Holdings Co. Ltd

The External Combustion Engine Market is segmented as follows:

By Type

  • Steam Engine
  • Stirling Engine

By Application

  • Pump
  • Ship
  • Train
  • Steam Power Plant
  • Nuclear Power Plant

Global External Combustion Engine Market: Regional Segment Analysis

  • North America

    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global External Combustion Engine Market was valued at USD 566.87 Million in 2020.

The global External Combustion Engine Market is expected to reach USD 787.82 Million by 2028, growing at a CAGR of 4.2% between 2021 to 2028.

The number of power stations are rising, thus increasing number of power stations is likely to boom the growth of external combustion engine market. Also, the environmental awareness across the globe is increasing, owing to which it is likely to boost the demand for use for external combustion engine, as external combustion engine use various sources including municipal waste, biomass, geothermal and solar to supply heat, which is anticipated to boost the external combustion engine market across the globe.

Europe held a substantial share of the External Combustion Engine Market in 2020.

Some of the major companies operating in the External Combustion Engine Market are Stirling Thermal Motors Inc.Aisin Seiki Co. Ltd., Sterling Power Systems Corporation, Sunpower Inc., Saab AB, Reliable Engine Co., Microgen Engine Corporation, Deere & Company, Azelio, Yanmar Holdings Co. Ltd.

An External Combustion Engine (ECE), commonly referred to as a "heat engine," is a specific kind of engine that gets its power from a heat source that is located outside of the engine itself. The combustion process in an ECE takes place outside of the actual engine itself, most commonly in a combustion chamber. The heat energy that is produced as a result of the combustion process is then delivered to the engine via a working fluid like air, water, or steam.

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