Market Overview:-
The Stirling engine is recognised for its higher efficiency as compared to steam engine, silent operation, and the capability to use nearly any heat source. The heat energy source is generated superficially in the Stirling engine rather than being produced by internal combustion engine as in the Diesel cycle or Otto cycle. As per the study conducted by Market Research Future, the global market for Stirling engines is likely to grow at the CAGR of around 7.5%.
In modest terms, the Stirling engine is a heat engine, depend upon the heat generated in a combustion chamber external to the real engine. As such, it can use fundamentally any fuel from biomass to natural gas and even coal. The heat is transmitted to the engine’s working gas through the barriers of the principal heater. The engine is a totally closed system. The working gas, which may be air or an inert gas such as helium or hydrogen can force the pistons in the engine to propagate, expanding and compressing the working fluid, thus generating mechanical energy that can be utilized for motive work or to propel a generator and generate electricity.
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Stirling Engines Global Market – Competitive Analysis
The global market for Stirling engines is one of the most intricate market, with global noticeable players holding a major share in the market. To uphold the market position and to hold the largest market share, all the major players in the market follow the strategy of introducing innovative and cost effective Stirling engines to buy out competition. Moreover, a mainstream of the Stirling engines manufacturers are getting progressively inclined towards entering into collaboration with engine constructors in order to augment their presence in the market.
Stirling Engines Global Market – Segmentation
The scope of global Stirling engines market is segmented into three major segments which are explained below:
- By Type
- Alpha
- Beta
- Gamma
- Others
- By Application
- Heating and Cooling
- Solar Power Generation
- Marine Engines
- Others
- By End User
- Residential
- Commercial
- Utility
Market 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) and ADI Thermal Power Corp. (U.S).
Major Point of Virtual Power Plant Market TOC:-
1 Executive Summary
2 Research Methodology
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
To be continued……..
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Global 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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