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.

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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.

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) and ADI Thermal Power Corp. (U.S).

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