Global Stirling Engine Market Report and Forecast 2024-2032

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 2024-2032. 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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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