The global Stirling engines market report by Market Research Future (MRFR) highlights various advantages and disadvantages coupled with the market potential during the period of 2018 to 2023. The Stirling engine is a heat engine that operates by cyclic compression and expansion of atmospheric air or other gas as a working fluid at different temperatures, such that there is net conversion of heat energy into mechanical work. More specifically, the Stirling engine is a closed-cycle regenerative heat engine with a permanently gaseous working fluid.
The Stirling engine is known for its higher efficiency than steam engine, its quiet operation, and the ability to use almost any heat source. The heat energy source is generated externally in the Stirling engine rather than by internal combustion as in the Otto cycle or Diesel cycle.
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The low temperature differentials required for its operation combined with its compatibility to work with renewable or non-renewable sources of energy can drive the market growth. Prominence gained by zero-emission technologies due to the need for sustainability in an era of depleting fossil fuel sources is likely to create demand for Stirling engines.
The use of heat from external sources and the reuse of the same energy can widen the development of these engines. Applications in nuclear power plants, submarines, solar power generation, and combined heat and power (CHP) plants can work favorably for the growth of the market.
- United Sun Systems International Ltd,
- Cool Energy, Inc,
- Microgen Engine Corporation,
- Genoastirling S.r.l.,
- Sunpower Inc.,
- ADI Thermal Power Corp.,
- ÖkoFEN Forschungs- und Entwicklungs Ges.m.b.H.,
Stirling Engines Market Segmental Analysis:
The scope of the study segments the global Stirling Engines Market by its type, by application, by end user and by region.
Global Stirling Engines Market, By Type
Global Stirling Engines Market, By Application
- Heating and Cooling
- Solar Power Generation
- Marine Engines
Global Stirling Engines Market, By End User
Global Stirling Engines Market, By Region
- North America
- Rest of the world
Geographically, the Stirling engines market encompasses North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The North America region is expected to dominate till 2023, followed by APAC. The inclination of various players in the energy sector to invest in renewable technologies is likely to net in high windfall. Furthermore, the development of micro Stirling engines for heating and cooling in various climes can bode well for the market in the region.
The power generation and heating & cooling are the cornerstones of the North American economy for many years now. The rising prices of conventional resources are continuing to challenge the power generation and heating & cooling sector activities. Despite this, the Stirling engines market is emerging across the North America region, specifically in the U.S, owing to the higher thermodynamic efficiency and ecological operations of the Sterling engine.
The European region is deemed to be profitable for the global Stirling engines market due to the shift to renewable sources of energy generation. Initiatives and policies encourage sustainable steps in homes and industries can drive the regional market growth. The procurement of cogeneration technologies in residential homes in the region is likely to net the market significant sales.
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List Of Tables
Table 1 Global Stirling Engines Market, By Type
Table 2 Global Stirling Engines Market, By Application
Table 3 Global Stirling Engines Market, By End User
Table 4 Global Stirling Engines Market, By Regions
Table 5 North America Stirling Engines Market, By Type
Table 6 North America Stirling Engines Market, By Application
List Of Figures
Figure 1 Research Application
Figure 2 Global Stirling Engines Market: By Type (%)
Figure 3 Global Stirling Engines Market: By Application (%)
Figure 4 Global Stirling Engines Market: By End User (%)
Figure 5 Global Stirling Engines Market: By Region
Figure 6 North America Stirling Engines Market, By Type (%)
Figure 7 North America Stirling Engines Market, By Application (%)
Figure 8 North America Stirling Engines Market, By End User (%)
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