The global external combustion engine market 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.
Market Overview
In terms of revenue, the global external combustion engine market 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.
In an external combustion engine, thermal energy is produced by burning fuel externally; which further releases energy which is used to heat water and convert water into steam. During this process high pressure steam 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. Now a days, Steam engine and Stirling engine are two types of external combustion engines which are widely used. The Stirling engine is widely in the 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 produces less noise and emission.
OVID-19 Impact Analysis
COVID-19 outbreak have caused disruptions to global supply chains and other businesses. However, these 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
Now a days, 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. Moreover, the rising demand for steam engine across the globe for development of electricity is anticipated to propel the demand for external combustion engine and furl 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 propel the market growth in near future over the forecast period.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Application Segment Analysis Preview:
The application segment is anticipated to hold the largest share for External Combustion Engine Market over the forecast period. External combustion engine are used in Steam Power Plant, Nuclear Power Plant. Now a days the number of power plants are increasing across the globe. These rising in number of power plant is anticipated to boost the External Combustion Engine Market in near future over the forecast period. Also, External combustion engine are used in Pump, Ship, and trains. The environmental awareness across the globe is increasing. As the External combustion engine use 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.
Regional Analysis Preview
Europe is anticipated to hold the largest share for external combustion engine market. The growth of external combustion engine market in this region is attributed to rapid increase in industrialization across the region. Also, Owing to the increasing number of power stations in this region, the demand for external combustion engine is likely to increase further propelling the growth of external combustion engine market in near future over the forecast period.
Asia pacific is projected to have the fastest growth for external combustion engine market over the forecast period. The growth of 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 plant which is likely to upsurge the demand for external combustion engines across these countries, further propelling the growth of external combustion engine market in this region in near future over the forecast period.
Key Market Players & Competitive Landscape
Some of key players in External Combustion Engine Market are,
The External Combustion Engine Market is segmented as follows:
By Type
By Application
Global Mold Inhibitors Market: Regional Segment Analysis
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By By Type
FIG NO. 2. Market Attractiveness Analysis, By By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global External Combustion Engine Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By By Type, 2020 & 2028
FIG NO. 7. Global External Combustion Engine Market for Steam Engine, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of External Combustion Engine Market for Steam Engine, By Country, 2020 & 2028
FIG NO. 9. Global External Combustion Engine Market for Stirling Engine, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of External Combustion Engine Market for Stirling Engine, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By By Application, 2020 & 2028
FIG NO. 12. Global External Combustion Engine Market for Pump, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of External Combustion Engine Market for Pump, By Country, 2020 & 2028
FIG NO. 14. Global External Combustion Engine Market for Ship, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of External Combustion Engine Market for Ship, By Country, 2020 & 2028
FIG NO. 16. Global External Combustion Engine Market for Train, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of External Combustion Engine Market for Train, By Country, 2020 & 2028
FIG NO. 18. Global External Combustion Engine Market for Steam Power Plant, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of External Combustion Engine Market for Steam Power Plant, By Country, 2020 & 2028
FIG NO. 20. Global External Combustion Engine Market for Nuclear Power Plant, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of External Combustion Engine Market for Nuclear Power Plant, By Country, 2020 & 2028
FIG NO. 22. Global External Combustion Engine Market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America External Combustion Engine Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 24. Porter’s Five Forces Analysis for Global External Combustion Engine Market
FIG NO. 25. PEST Analysis for Global External Combustion Engine Market
FIG NO. 26. Pricing Analysis for Global External Combustion Engine Market
FIG NO. 27. Value Chain Analysis for Global External Combustion Engine Market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Stirling Thermal Motors Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Stirling Thermal Motors Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology
List of Tables
TABLE NO. 1 Global External Combustion Engine Market: Snapshot
TABLE NO. 2 Quarterly External Combustion Engine Market Revenue by Region, 2020
TABLE NO. 3 Quarterly External Combustion Engine Market Revenue Forecast by Region, 2021
TABLE NO. 4 Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5 Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6 Global External Combustion Engine Market for Steam Engine, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7 Global External Combustion Engine Market for Stirling Engine, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8 Global External Combustion Engine Market for Pump, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9 Global External Combustion Engine Market for Ship, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10 Global External Combustion Engine Market for Train, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11 Global External Combustion Engine Market for Steam Power Plant, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12 Global External Combustion Engine Market for Nuclear Power Plant, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13 Global External Combustion Engine Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 14 North America External Combustion Engine Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 15 North America External Combustion Engine Market Revenue, By By Type, 2016 – 2028 (USD Million)
TABLE NO. 16 North America External Combustion Engine Market Revenue, By By Application, 2016 – 2028 (USD Million)
TABLE NO. 17 U.S. External Combustion Engine Market Revenue, By By Type, 2016 – 2028 (USD Million)
TABLE NO. 18 U.S. External Combustion Engine Market Revenue, By By Application, 2016 – 2028 (USD Million)
TABLE NO. 19 Canada External Combustion Engine Market Revenue, By By Type, 2016 – 2028 (USD Million)
TABLE NO. 20 Canada External Combustion Engine Market Revenue, By By Application, 2016 – 2028 (USD Million)
TABLE NO. 21 Mexico External Combustion Engine Market Revenue, By By Type, 2016 – 2028 (USD Million)
TABLE NO. 22 Mexico External Combustion Engine Market Revenue, By By Application, 2016 – 2028 (USD Million)
TABLE NO. 23 Drivers for the External Combustion Engine Market: Impact Analysis
TABLE NO. 24 Restraints for the External Combustion Engine Market: Impact Analysis
TABLE NO. 25 Major Buyers of External Combustion Engine
TABLE NO. 26 Distributors/Traders List of External Combustion Engine
TABLE NO. 27 Global External Combustion Engine Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 28 Global External Combustion Engine Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
Request the coronavirus impact analysis across industries and markets
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.
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