Stirling Motor Market 2020 – Industry Trends and Forecast to 2023

Posted by Anvi on January 22nd, 2020

Stirling Motor Market – Overview

The advanced efficiency of stirling engines as compared to steam engines is expected to motivate the stirling engine market. Reports that judge the energy and power industry has been offered by Market Research Future, which generates reports on industry verticals that judge the Stirling Motor Market development and possibilities. A CAGR of 7.5% is expected to provide direction to the growth of the market.

The price hike in conventional fuels is expected to boost the demand for the adoption of the stirling engine market. The development in the use of alternative and renewable energy sources are anticipated to reinforce the market for stirling engines. Moreover, the increased fluctuations in the oil prices globally are estimated to transform the stirling engine market in the forthcoming period.

Segmental Analysis

The segment-based overview of the stirling motor market is conducted on the basis of type, application, end-user, and region.

Based on the types, the stirling engine market is segmented into alpha, beta, gamma, and others.

Based on the applications, the stirling engine market is segmented into solar power generation, heating and cooling, marine engines and others.

On the basis of end-user, the stirling engine market is segmented into commercial, residential, and utility.

Based on Regions, the stirling engine market is segmented into Asia Pacific, North America, Europe, and other regions of the world.

Regional Analysis   

The regional investigation of the stirling motor market covers regions such as Asia Pacific, North America, Europe, and other regions of the world. The North American regional market is said to be the leading region in this sector closely shadowed by the Asia Pacific regional market. The stirling engines are seizing a great deal of consideration, due to their progressive productivity in terms of thermodynamics when coordinated with most of the other cycles, low-temperature inconsistencies than most other engines and stirling engine can be applied for any external heat source from non-renewable or renewable resource, these factors are anticipated to lift the stirling engines market globally considerably.  

Competitive Analysis

The principal contenders operating in the stirling motor market are United Sun Systems International Ltd (Sweden), Sunpower Inc. (U.S.), ÖkoFEN Forschungs- und Entwicklungs Ges.m.b.H. (Austria), Qnergy. (U.S.), Microgen Engine Corporation (Netherlands), Genoastirling S.r.l. (Italy), Cool Energy, Inc (U.S), and ADI Thermal Power Corp. (U.S).

Industry Updates:

Apr 2019 A power generator of Qnergy, which is a stirling-based power generator, touched 20,000 hours, which is correspondent to more than two continuous years of a continuous, maintenance-free task, approximately five times prolonged than established generators. The generator is fitted in Salt Lake City, Utah, and uses Qnergy's exclusive free-piston stirling technology, the similar fundamental technology that was lately acknowledged by NASA as the longest-running heat engine ever constructed.

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