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High Speed Engine Market

High Speed Engine Market

High Speed Engine Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

148

Base Year:

2021

Date

Nov - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1839

Segments Covered
  • By Speed 1000–1500 rpm, 1500–1800 rpm, Above 1800 rpm
  • By Power Output 0.5–1 MW, 1–2 MW, 2–4 MW, Above 4 MW
  • By End User Power Generation, Marine, Mining, Oil & Gas, Railway, Other End Users
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 20.7 Billion
Revenue 2028Revenue 2028: USD 27.2 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 4.7%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
High Speed Engine Market Share

Market Synopsis:

The Global High Speed Engine Market was valued at USD 20.7 Billion in 2021 and is projected to reach a value of USD 27.2 Billion by 2028. In the projection timeline, the Global Market is anticipated to grow to exhibit a CAGR (Compound Annual Growth Rate) of 4.7%.

High Speed Engine are frequently employed as primary and emergency Genset drives on all sorts of cargo and propulsion on small, usually specialized, commercial vessels. Technological advancements have benefited High Speed Engine designs, including modular assembly, electronically controlled fuel injection systems, standard rail fuel systems, and advanced electronic control/monitoring systems. The rising demand for dependable and uninterrupted power drives the market for high-speed engines for backup power generation. The expansion of international marine freight transport, which fuels demand for high-speed marine engines, is among the most critical and key factors propelling the growth of the Global High Speed Engine Market. The frequency of maintenance procedures can be increased by elements like extraordinarily high or low temperatures, bad weather, and salt water. New technologies like battery energy systems for backup power solutions have low maintenance requirements and no fuel expenditures. High fuel prices and the operating and maintenance expenses of high-speed engines could become significant market growth restraints due to the increasingly ferocious competition from these developing technologies.

High Speed Engine Market Size, 2021 To 2028 (USD Billion)

Market Segmentation:

The High Speed Engine Market is segmented on Speed, Power Output, End User, and Region. Based on the Speed, the market is further segmented into 1000–1500 rpm, 1500–1800 rpm, and above 1800 rpm. Furthermore, based on the Power Output, the market is further divided into 0.5 – 1 MW, 1 – 2 MW, 2 – 4 MW, and above 4 MW. In addition, based on the End User, the market is bifurcated into Power Generation, Marine, Mining, Oil & Gas, Railway, and Other End Users.

Below tree is interactive. You can click the nodes to get more information.

Based on Speed:

1500–1800 rpm category dominated the market in 2021

The 1500–1800 rpm segment dominated the market in 2021, and it is expected to continue its significant share in the projection timelines. These high-velocity motors are commonly used in boats, ships, and other sea-related applications. Four-stroke, diesel-fueled engines have a speed range of 1500 to 1800 rpm. Most high-velocity motors in various verticals have uprooting limits of 95 liters or less, which is lower and better than motors with lower rpm. In addition, these 1800 rpm motors are inherently lighter than motors with lower speeds.

Based on Power Output:

1-2 MW category dominated the market in 2021

The 1–2 MW segment dominated the market, and the trait is expected to continue in the projected period. Speed motors with a power result of 1 MW to 2 MW are widely used in numerous fields and have the largest share of the pie. This spectrum of force generation is quite advantageous for power generation in all train areas. These motors will almost certainly produce 1MW to 2MW of power. In addition, many companies all around the world use generators to generate power for usage for a variety of purposes.

Based on Regional Analysis:

Asia Pacific is projected to grow at the highest CAGR during the forecast period

Asia Pacific region is forecast to grow at the highest CAGR (Compound Annual Growth Rate) during the forecast period. With the taxpayer-supported "Make in India" effort, the Asia-Pacific High Speed Engine Market has a huge opportunity for development and improvement over the forecast period. Some world's largest vehicle manufacturers are based in India, China, and Japan. Diesel-powered high-speed engines are in high demand throughout the Asia Pacific (APAC). The APAC region's thriving manufacturing and power generation industries should be the fastest-growing market.

Recent Developments:

  • In November 2020, according to Rolls Royce, the business spent around USD 13.9 million on its power system segments. The industry will construct a brand-new Research and Development (R&D) facility and multi-phase expand its MTU power generation manufacturing facility in the United States.
  • In May 2019, to investments in Indianapolis and Greenwood, Cummins announced expenditures totaling approximately USD 68 million for expanding its manufacturing in the Columbus engine plant.

Competitive Landscape:

The key players in the Global High Speed Engine Market include- Caterpillar (US), Cummins (US), Rolls Royce Holdings (UK), Volvo Penta (Sweden), Man SE (Germany), Weichai Power (2002), Wartsila (Finland), Mitsubishi Heavy Industries Engine & Turbochargers (Japan), Doosan Infracore (South Korea), Yanmar Holdings (Japan) and others.

Segmentation of the Global High Speed Engine Market:

Parameter Details
Segments Covered
  • Speed (1000–1500 rpm, 1500–1800 rpm, Above 1800 rpm)
  • Power Output (0.5–1 MW, 1–2 MW, 2–4 MW, Above 4 MW)
  • End User (Power Generation, Marine, Mining, Oil & Gas, Railway, Other End Users)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Caterpillar (US)
  • Cummins (US)
  • Rolls Royce Holdings (UK)
  • Volvo Penta (Sweden)
  • Man SE (Germany)
  • Weichai Power (2002)
  • Wartsila (Finland)
  • Mitsubishi Heavy Industries Engine & Turbochargers (Japan)
  • Doosan Infracore (South Korea)
  • Yanmar Holdings (Japan)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

High Speed Engine Market to Reach Valuation of USD 27.2 Billion By 2028 – Strides in Marine Transportation in Numerous Countries Drives the Market
High Speed Engine Market are frequently employed as main, and emergency Genset drives on all sorts of cargo and for propulsion on small, usually specialized, commercial vessels. Many technological advancements, including modular assembly, electronically controlled fuel injection systems, common rail...
FAQ
Frequently Asked Question
  • The global High Speed Engine valued at USD 20.7 Billion in 2020 and is expected to reach USD 27.2 Billion in 2028 growing at a CAGR of 4.7%.

  • The prominent players in the market are Caterpillar (US), Cummins (US), Rolls Royce Holdings (UK), Volvo Penta (Sweden), Man SE (Germany), Weichai Power (2002), Wartsila (Finland), Mitsubishi Heavy Industries Engine & Turbochargers (Japan), Doosan Infracore (South Korea), Yanmar Holdings (Japan).

  • The market is project to grow at a CAGR of 4.7% between 2021 and 2028.

  • The driving factors of the High Speed Engine include

    • Rising demand for reliable and uninterrupted power to drive the market for backup power generation

  • Asia Pacific was the leading regional segment of the High Speed Engine in 2020.