Market Highlights
Stirling engines 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 engine is designed so that the working gas is generally compressed in the colder portion of the engine and is expanded in the hotter portion, which results in the net conversion of heat into work.

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. However, 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 market has been analyzed based on types, applications, end users and regions. On the basis of application type, the heating and cooling segment is expected to dominate the market for Stirling engines. There is rise in the number of Stirling engine applications in small scale heating and cooling sector, combined heat & power (CHP), commercial space heating, residential water heating and industrial process. Of all the application segments, solar power generation segment is expected to have the highest growth rate during the forecast period, owing to growing inclination towards renewable energy resources worldwide.

Global Stirling Engines Market is expected to grow with the CAGR of approximately 7.5% from 2017 to 2023

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)
• ADI Thermal Power Corp. (U.S).

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Utility market is expected to grow at the highest rate.
The growing utilization of Stirling engine in utility segment is due to the ability of Stirling engines to run directly on any available heat source, and not just one produced by combustion. So, they can run on heat from solar, geothermal, biological, nuclear sources or waste heat from industrial processes. As non-renewable resources such as coal, natural gas and petroleum are exhaustible, Stirling engines, on utility scale will prove to be instrumental in a utility scale power generation, and heating & cooling applications.

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