Market Research Future adds new report of “Global Stirling Engines Market Research Report – Forecast to 2023” it contains Company information, geographical data and Table of Content
- By Type; Alpha, Beta, Gamma
- By Application; Heating and Cooling, Solar Power Generation, Marine Engines
- By End User; Residential, Commercial and Utility
- By Regions
A 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 to 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, quiet operation, and the ability to use almost any heat source. The heat energy source is generated externally in the Stirling engine rather than being generated by internal combustion as in the Otto cycle or Diesel cycle.
As, the Stirling engine is compatible with alternative and renewable energy sources, it could become significant, in the event of a price hike in conventional fuels, or peak oil and climate change. These factors are also expected to drive the growth of Stirling engines market during the forecast period. the cost of Stirling engines and the lack of market exposure & information of Stirling engines are the factors that may restrain growth of Stirling engines market. The global Stirling engines market is expected to grow at a CAGR of 7.5% during the forecast period.
The major players operating in Stirling engine market are
- Qnergy (U.S.)
- United Sun Systems International Ltd (Sweden)
- Sunpower Inc. (U.S.)
- Genoastirling S.r.l. (Italy)
- Microgen Engine Corporation (Netherlands)
- ÖkoFEN Forschungs- und Entwicklungs Ges.m.b.H. (Austria)
- Cool Energy Inc. (U.S)
- ADI Thermal Power Corp. (U.S)
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
Study Objectives of Global Stirling Engines Market
- To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global Stirling engines market
- To provide insights about factors affecting the market growth
- To analyze the global Stirling Engines market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by material type, product, application and region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Stirling engines market
Stirling engines are gaining attention, owing to its higher thermodynamic efficiency than most other cycles (Otto & Diesel), low temperature differentials than most other engines and Stirling engine can use any external heat source from renewable or non- renewable resource, these factors will boost the global Stirling engines market. Currently North-America is leading the global Stirling engine market followed by Asia-Pacific.
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