Global Non-Volatile Memory Market Research Report: Forecast to 2023
Market Segmentation
The global Stirling engine market is segmented by type, application, and end-user. By type, it is segmented into alpha, beta, gamma, and others. The alpha type engine can accrue high revenue for the global market till 2023. This can be due to its unique design which has the capacity to function in reasonable operating conditions. It can be used as a mini CHP unit in the residential sector with levels of CO2 and NOx being reduced dramatically. By application, it is segmented into marine engines, solar power generation, and heating & cooling. The heating & cooling segment is likely to generate significant revenue for the Stirling engine market due to wastage of heat emitted by refrigerators and other appliances. The utilization of these engines for generating power by using the heat emitted is likely to bode well for the market. By end-user, it is segmented into utility, commercial, residential, and others. The utility segment is expected to capitalize on the technology due to its renewable nature. In addition, the need for such methods for conservation and storage of energy can drive the demand in the segment. The residential segment may experience sluggish growth due to non-awareness and low recognition of brands.
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