Stirling Engines Market is Expected to Grow at a CAGR of 7.5% from 2016 to 2023

Market Highlights
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.

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. However, 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 market has been analyzed based on types, applications, end users and regions. On the basis of application type, the heating and cooling segment is expected to dominate the market for Stirling engines. There is rise in the number of Stirling engine applications in small scale heating and cooling sector, combined heat & power (CHP), commercial space heating, residential water heating and industrial process. Of all the application segments, solar power generation segment is expected to have the highest growth rate during the forecast period, owing to growing inclination towards renewable energy resources worldwide.

Global Stirling Engines Market is expected to grow with the CAGR of approximately 7.5% from 2017 to 2023

Key Players
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).

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Market Research Analysis
North-America region is expected to grow at the fastest rate
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. In the next 10 years, Stirling engines are expected to be more utilized in power generation and heating & cooling sectors in the North-America region, particularly in the U.S and Canada.

Utility market is expected to grow at the highest rate.
The growing utilization of Stirling engine in utility segment is due to the ability of Stirling engines to run directly on any available heat source, and not just one produced by combustion. So, they can run on heat from solar, geothermal, biological, nuclear sources or waste heat from industrial processes. As non-renewable resources such as coal, natural gas and petroleum are exhaustible, Stirling engines, on utility scale will prove to be instrumental in a utility scale power generation, and heating & cooling applications.

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Table of Content

1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

4 Global Stirling Engines Market, By Type
4.1 Introduction
4.2 Alpha
4.3 Beta
4.4 Gamma
5 Global Stirling Engines Market, By Application
Continue………

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
Continue………

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
Continue………

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