Global Stirling Engines Market is Predicted to Grow at Approximately 7.5% By 2023

Global Stirling Engines Market

Global Stirling Engines Market

Market research future published a half cooked research report on global Stirling Engines market. its Expected to grow over the CAGR of around 7.5% by 2023.

PUNE, MAHARASHTRA, INDIA, July 14, 2017 /EINPresswire.com/ -- 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. 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.

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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.
Scope of the Report
This study provides an overview of the global Stirling engines storage market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
The scope of the study segments the global Stirling Engines storage market by its type, by application, by end user and by region.
Global Stirling Engines Market, By Type
• Alpha
• Beta
• Gamma
Global Stirling Engines Market, By Application
• Heating and Cooling
• Solar Power Generation
• Marine Engines
• Others
Global Stirling Engines Market, By End User
• Residential
• Commercial
• Utility
Global Stirling Engines Market, By Region
• Europe
• North America
• Asia-Pacific
• Rest of the world
Key Players
• 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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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.

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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

Akash Anand
Market Research Future
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