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Global Stirling Engine Market Share, Size, Trends, Analysis, Forecast: By Configuration: Alpha, Beta, Gamma, Others; By Application: Heating and Cooling, Solar Power Generation, Marine Engines, Others; By End Use: Residential, Commercial, Utility, Others; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Stirling Engine Market Outlook
The global stirling engine market size is expected to grow at a CAGR of 7.30% during the forecast period of 2023-2028. The market is driven by the increasing demand for efficient machines for renewable energy and the rising adoption of Stirling engines as they can operate with different fuels.
Global Stirling Engine Market Trends
Stirling engine is a device that is used as a prime mover, refrigerating engine, or heat pump. These are energy conversion devices that are commercially used as a cryogenic cooling system. Stirling engines traditionally utilise air as the working fluid, however, hydrogen and helium are also used to increase performance. These engines enable the usage of various heat sources and combustion chambers to work according to the environmental requirements.
- The market for stirling engines is driven by the increasing demand for energy efficiency. These engines are capable of replacing traditional internal combustion engines as the they can run on waste heat with greater fuel versatility and enhanced thermal efficiency.
- To meet the increasing energy efficiency demand, market players have started investing in research and development to launch an advanced stirling engine. Major countries like United States, Germany, and Chine, among others, are also increasing their focus in technological developments for improved efficiency.
- The adoption of such machines is rising as they generate the heat source outside the machine, increasing the lifespan of the machine while improving the machine’s efficiency. This advantageous factor is a unique quality of this machine and is a major factor for the growth of the market.
Global Stirling Engine Market Analysis
Based on configurations, the market can be segmented into alpha, beta, and gamma, among others. The engine finds applications in heating and cooling, solar power generation, and marine engines, among others. Based on end-use, the market can be divided into residential, commercial, and utility, among others. The regional markets for the stirling engines market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global stirling engine market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Global Cooling, Inc.
- Swedish Stirling AB
- Microgen Engine Corporation (MEC)
- AMETEK.Inc.
- Shanghai MicroPowers Ltd
- Others
Various Configurations of Stirling Engine in the Market
Based on configuration, the market can be segmented into alpha, beta, and gamma, among others. The alpha configuration of stirling engines consist of two pistons that function in different cylinders, and they are connected in a series by a heater, regeneration, and cooler.
The alpha engine configuration of stirling engine is one of the simplest configurations. It suffers from a crucial disadvantage, where it requires seals on both hot and cold pistons to contain the working gas. However, there are several mechanical systems that can enable the engine’s pistons to phase correctly and operate properly.
A beta configuration stirling engine is comprised of a single power piston that is placed in the same cylinder with a displacer. Although this configuration is a bit complex and to design and manufacture, this has been one of the most popular stirling engine configuration.
Application Sectors for Stirling Engines
Based on application, the market bifurcations include heating and cooling, solar power generation, and marine engines, among others. Among these segments, the heating and cooling segment holds the largest market share owing to the increasing utilisation in cryogenic cooling systems.
Market players are also increasing their focus on developing combined heating and power system, which is expected to propel the market value. This system will increase the energy efficiency of such engines, as the heat generated by it during normal energy generation process is transferred to supply a secondary heating application.
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Competitive Landscape
Global Cooling, Inc. is an American company engaged in manufacturing innovative and environmentally friendly heating, ventilation, and air conditioning systems. They have been operating in this sector since 2004 with their headquarter located in Ohio, United States. Their speciality lies in manufacturing ultra-low temperature and stirling coolers. They provide their products to some of the world’s leading HVAC system companies such as Honeywell, Fujitsu, Carrier, and LG among others.
Swedish Stirling AB is a Swedish company operating in the sector of renewable energy semiconductor manufacturing. It is an environmental technology company founded in the year 2008 with their headquarter located in Västra Götaland, Sweden.
The company works with energy recycling and sustainable local electricity production. The company actively utilises Stirling technology’s to take advantage of its unique ability of converting heat energy into electricity.
Microgen Engine Corporation. is a pioneer in the stirling engine technology and was the first company to introduce free piston stirling engine technology. The company works in the sector of industry machinery manufacturing with their speciality being industrial remote power, rural remote power.
Other market players in the market include AMETEK.Inc. and Shanghai MicroPowers Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Configuration |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Stirling Engine Market Analysis
8.1 Key Industry Highlights
8.2 Global Stirling Engine Historical Market (2018-2022)
8.3 Global Stirling Engine Market Forecast (2023-2028)
8.4 Global Stirling Engine Market by Configuration
8.4.1 Alpha
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Beta
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Gamma
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Stirling Engine Market by Application
8.5.1 Heating and Cooling
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Solar Power Generation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Marine Engines
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Stirling Engine Market by End Use
8.6.1 Residential
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Utility
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Stirling Engine Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Global Cooling, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Swedish Stirling AB
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Microgen Engine Corporation (MEC)
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 AMETEK.Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Shanghai MicroPowers Ltd
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Stirling Engine Market: Key Industry Highlights, 2018 and 2028
2. Global Stirling Engine Historical Market: Breakup by Configuration (USD Million), 2018-2022
3. Global Stirling Engine Market Forecast: Breakup by Configuration (USD Million), 2023-2028
4. Global Stirling Engine Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Stirling Engine Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Stirling Engine Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Global Stirling Engine Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Global Stirling Engine Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Stirling Engine Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Stirling Engine Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Stirling Engine Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Stirling Engine Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Stirling Engine Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Stirling Engine Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Stirling Engine Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Stirling Engine Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Stirling Engine Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Stirling Engine Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Stirling Engine Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Stirling Engine Market Structure
Key Questions Answered in the Report
The global market for stirling engine is expected to grow at a rate of 7.30% during the forecast period of 2023-2028.
The market is driven by the increasing demand for renewable energy generation and the increasing adoption stirling technology due to its energy efficiency.
The shifting trend of implementation of adopting stirling engines in place of traditional internal combustion engine and development of combined heat and power engine are expected to propel the market growth.
The regional markets for the global market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The global market for stirling engine, based on configuration, can be divided into alpha, beta, and gamma, among others.
The applications for stirling engine include heating and cooling, solar power generation, and marine engines, among others.
Residential, commercial, and utility, among others are the different end-use sectors for stirling engines in the market.
The key players leading the stirling engine market include Global Cooling, Inc., Swedish Stirling AB, Microgen Engine Corporation (MEC), AMETEK.Inc., and Shanghai MicroPowers Ltd, among others.
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