Asia-Pacific To Be The Fastest-Growing Region in the High-Speed Engine Market
The high-speed engine market is projected to rise from an estimated USD 23.6 billion in 2022 to reach USD 29.9 billion by 2028, at a CAGR of 4.0% during the forecast period. Increasing urbanization and industrialization naturally leads to an increase in power demand. Regions like North America, South America, and Europe are the most urbanized regions, while rapid urbanization is expected in Africa and Asia Pacific. Industries like construction, chemical & petrochemical, oil and gas, and utility sectors are also growing as a result in these regions. High-speed engines aid in achieving power reliability which is crucial in supporting urbanization and industrialization leading to the growth the market.
The 1-2 MW segment, by power output, is expected to grow the fastest from 2022 to 2028.
The high-speed engine market by power output is categorized into 4 segments namely 0.50-0.56 MW,0.56-1 MW,1-2 MW, 2-4 MW, and Above 4 MW. The 1-2 MW segment is projected to be the largest as well as the fastest growing segments of the high-speed engine market during the forecast period. The 1-2 MW high-speed engine generator sets are popular prime power supply sources for small-scale industrial loads and remote applications, especially in emerging economies. Also, large hospitals, data centers, and commercial facilities install multiple 1-2 MW units operating in parallel to support their large, connected loads. The demand for these engines is large due to the increased demand for emergency backup generators from these sectors. This may drive the fast growth of this segment.
By speed, the 1000-1500 rpm segment, is expected to dominate the market.
The 1000-1500 rpm segment, by speed, of the high-speed engine market is expected to hold the largest market share of the high-speed engine market during the forecast period. In industrialized countries with 60 Hz frequency power networks like US, Canada, and South Korea, 1500-1800 rpm is the common speed rating for engines used in power generation. Also, these engines are commonly utilized in boats, ships, and other sea applications for propulsion as well as auxiliary purposed. Hence, increased demand from the both the marine and power generation sectors is expected to drive the demand for these engines.
The power generation segment, by end user, is expected to be the fastest-growing market from 2022 to 2028.
The end user segments are categorized as Power Generation, Marine, Railway, Mining and Oil & Gas, Construction, and others. Others include agriculture, defense, and industrial end users. The power generation segment is expected to grow at the highest CAGR in the high-speed engine market. In the power generation sector, the demand for high-speed engines is prominent due to their use in diesel and gas generator sets which provide standby or continuous power supply to critical loads. They act as emergency backup in the event of loss of supply from the grid, whilst also complimenting the intermittent renewable power. An increase in demand from utilities, hence, is expected to lead to the fast growth of this segment.
Asia Pacific: The fastest-growing region in the high-speed engine market.
Asia Pacific, driven by countries like China, India, Japan, Bangladesh, and Australia amongst others is expected to be the largest regional high-speed engine market during the forecast period. Asia Pacific is a leading shipbuilding region and accounts to approximately 40% of world exports. The region has also witnessed rapid economic development and urbanization, as well as the growth of the manufacturing and energy sectors. This had led to an increase in power generation capacity and maritime trade. These factors fostered the growth of the high-speed engine market in the region.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 35%, Tier 2- 40%, and Tier 3- 25%
- By Designation: C-Level- 25%, Director Level- 30%, and Others- 45%
- By Region: Asia Pacific- 45%, North America- 22%, Europe- 15%, Middle East & Africa- 12%, and South America- 6%
*Others include sales managers, engineers, and regional managers.
Note: Tier 1 Company-Revenue > USD 5 billion, Tier 2 Company-Revenue between USD 50 million and USD 5 billion, and Tier 3 Company-Revenue < USD 50 million
The global high-speed engine market is dominated by a few major players with an extensive regional presence and many local players. The leading players in the high-speed engine market are Rolls Royce Holdings (UK), Volvo Penta (Sweden), Caterpillar (US), Cummins (US), and Man Energy Solutions (Germany)
Study Coverage:
The report defines, describes, and forecasts the high-speed engine market by speed, power output, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, including the analysis of the competitive landscape, market dynamics, market estimates in terms of value and volume, and future trends in the high-speed engine market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for high-speed engine sales, which would help equipment manufacturers and service providers review the demand growth.
2. The report helps system providers understand the market's pulse and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand their competitors' strategies better and help them make better strategic decisions.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
Table 1 High-Speed Engine Market, by Speed: Inclusions and Exclusions
Table 2 High-Speed Engine Market, by Power Output: Inclusions and Exclusions
Table 3 High-Speed Engine Market, by End-user: Inclusions and Exclusions
1.4 Markets Covered
1.4.1 Geographic Scope
1.4.2 Years Considered
1.5 Currency Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
1.9 Recession Impact
2 Research Methodology
2.1 Research Data
Figure 1 High-Speed Engine Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Breakdown of Primaries
2.2.2.2 Key Data from Primary Sources
Figure 3 Breakdown of Primary Interviews: by Company Type, Designation, and Region
Figure 4 Main Metrics Considered while Analyzing and Assessing Demand for High-Speed Engines
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.3.3 Demand-Side Analysis
2.3.3.1 Regional Analysis
2.3.3.2 Country-Wise Analysis
2.3.3.3 Demand-Side Assumptions
2.3.3.4 Demand-Side Calculations
2.3.4 Supply-Side Analysis
Figure 7 Key Steps Considered for Assessing Supply of High-Speed Engines
Figure 8 High-Speed Engine Market: Supply-Side Analysis
2.3.4.1 Supply-Side Assumptions
2.3.4.2 Supply-Side Calculations
2.3.5 Recession Impact
2.3.6 Research Forecast
3 Executive Summary
Table 4 High-Speed Engine Market Snapshot
Figure 9 Asia-Pacific Dominated High-Speed Engine Market in 2021
Figure 10 1000-1500 Rpm Segment to Continue to Account for Largest Share of High-Speed Engine Market, by Speed, During Forecast Period
Figure 11 1-2 Mw Segment to Dominate High-Speed Engine Market by 2028
Figure 12 Power Generation to Continue to Account for Largest Share of High-Speed Engine Market, by End-user, Throughout Forecast Period
4 Premium Insights
4.1 Attractive Opportunities for Players in High-Speed Engine Market
Figure 13 Increasing Demand for Backup Power Solutions to Drive Market During 2022-2028
4.2 High-Speed Engine Market, by Region
Figure 14 Market in Asia-Pacific to Exhibit Highest CAGR During Forecast Period
4.3 Asia-Pacific: High-Speed Engine Market, by Speed and Country, 2021
Figure 15 China Held Largest Share of High-Speed Engine Market in Asia-Pacific
Figure 16 1000-1500 Rpm Segment to Account for Largest Share of High-Speed Engine Market, by Speed, in 2028
4.4 High-Speed Engine Market, by Power Output
Figure 17 1-2 Mw Segment to Hold Largest Share of High-Speed Engine Market, by Power Output, in 2028
4.5 High-Speed Engine Market, by End-user
Figure 18 Power Generation to Account for Largest Market Share in 2028
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 High-Speed Engine Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Demand for Backup Power Generation
5.2.1.2 Growing Maritime Tourism and International Marine Freight Transportation
5.2.1.3 Increasing Urbanization and Industrialization
5.2.2 Restraints
5.2.2.1 High Operation and Maintenance Costs of High-Speed Engines
5.2.2.2 Dependence on Heavy Fuels as Primary Fuel
5.2.3 Opportunities
5.2.3.1 Growth in Hybrid Power Generation in Rural and Remote Locations
5.2.4 Challenges
5.2.4.1 Stringent Environmental and Governmental Regulations on Emissions
Table 5 Tier 4 Emission Standards: Engines Above 560 kW, G/kWh
5.2.4.2 Increasing Focus on Renewable Energy Generation
5.3 Trends/Disruptions Impacting Customer Business
5.3.1 Revenue Shift and New Revenue Pockets for Players in High-Speed Engine Market
Figure 20 Revenue Shift for High-Speed Engine Providers
5.4 Market Map
Figure 21 Market Map: High-Speed Engine Market
Table 6 High-Speed Engine Market: Role in Ecosystem
5.5 Value Chain Analysis
Figure 22 Value Chain Analysis: High-Speed Engine Market
5.5.1 Raw Material Providers/Suppliers
5.5.2 Component Manufacturers
5.5.3 High-Speed Engine Manufacturers/Assemblers
5.5.4 Distributors
5.5.5 End-users
5.5.6 Post-Sales Service Providers
5.6 Technology Analysis
5.6.1 High-Speed Engine Technology
5.7 Pricing Analysis
5.7.1 Average Selling Price of High-Speed Engines
Table 7 Average Selling Price of High-Speed Engines, 2021
Table 8 Average Selling Price of High-Speed Engines Offered by Key Players (2021)
Figure 23 Average Selling Prices of Offerings of Key Players, by Power Output
5.8 Key Conferences and Events, 2022-2024
Table 9 High-Speed Engine Market: Detailed List of Conferences and Events
5.9 Trade Analysis
Table 10 Country-Wise Import Data for Harmonized System Code: 8408 Compression-Ignition Internal Combustion Piston Engines in 2019 (USD Million)
Table 11 Country-Wise Export Data for Harmonized System Code: 8408 Compression-Ignition Internal Combustion Piston Engines in 2019 (USD Million)
5.9.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Rest of World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.9.2 Codes and Regulations Related to High-Speed Engines
Table 16 High-Speed Engine Market: Codes and Regulations
5.10 Patent Analysis
Table 17 High-Speed Engine: Innovations and Patent Registrations, April 2019-May 2022
5.11 Porter's Five Forces Analysis
Figure 24 Porter's Five Forces Analysis for High-Speed Engine Market
Table 18 Hgh-Speed Engine Market: Porter's Five Forces Analysis
5.11.1 Threat of Substitutes
5.11.2 Bargaining Power of Suppliers
5.11.3 Bargaining Power of Buyers
5.11.4 Threat of New Entrants
5.11.5 Intensity of Competitive Rivalry
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Figure 25 Influence of Key Stakeholders in Buying Process for Top 3 Applications
Table 19 Influence of Key Stakeholders in Buying Process for Top 3 Applications
5.13 Buying Criteria
Figure 26 Influence of Key Stakeholders in Buying Process for Top 3 Applications
Table 20 Key Buying Criteria for Top 3 Applications
5.14 Case Study Analysis
5.14.1 Use of High-Speed Engines by Doeksen in the Netherlands to Reduce Emissions to Minimum
5.14.1.1 Problem Statement
5.14.1.2 Solution
5.14.2 Diesel-Powered Electricity Generation for Emergency Power Supply
5.14.2.1 Summa He a L T H
5.14.2.2 Avk
6 High-Speed Engine Market, by Speed
6.1 Introduction
Figure 27 1000-1500 Rpm Segment Accounted for Largest Share of High-Speed Engine Market, in Terms of Value, in 2021
Table 21 High-Speed Engine Market, by Speed, 2018-2028 (USD Million)
6.2 1000-1500 Rpm
6.2.1 Increasing Demand in Power Generation and Marine End-user Sectors to Drive Segmental Growth
Table 22 1000-1500 Rpm: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
6.3 1500-1800 Rpm
6.3.1 Wide Use in Marine Applications to Propel Market
Table 23 1500-1800 Rpm: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
6.4 Above 1800 Rpm
6.4.1 Better Backup Power Solutions and Power Supply to Drive Demand
Table 24 Above 1800 Rpm: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
7 High-Speed Engine Market, by Power Output
7.1 Introduction
Figure 28 High-Speed Engine Market, by Power Output, 2021
Table 25 High-Speed Engine Market, by Power Output, 2018-2028 (USD Million)
Table 26 High-Speed Engine Market, by Power Output, 2018-2028 (Units)
7.2 0.50-0.56 Mw
7.2.1 Growing Population and Rising Demand for Residential Backup Solutions to Drive Market
Table 27 0.50-0.56 Mw: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
7.3 0.56-1 Mw
7.3.1 Increased Commercial Real Estate Investments Expected to Contribute to Market Growth
Table 28 0.56-1 Mw: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
7.4 1-2 Mw
7.4.1 Surging Demand from Power Generation and Marine End-users to Drive Demand
Table 29 1-2 Mw: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
7.5 2-4 Mw
7.5.1 Power Generation for Industrial Applications and Large Marine Vessels to Drive Market Growth
Table 30 2-4 Mw: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
7.6 Above 4 Mw
7.6.1 Lifecycle Cost Improvement and Lower Fuel Gas Consumption to Boost Market
Table 31 Above 4 Mw: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
8 High-Speed Engine Market, by End-user
8.1 Introduction
Figure 29 Power Generation Segment Accounted for Largest Share of High-Speed Engine Market, in Terms of Value, in 2021
Table 32 High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 33 High-Speed Engine Market, by End-user, 2018-2028 (Units)
8.2 Power Generation
8.2.1 Increased Requirement for Reliable and Continuous Power Supply to Fuel Demand for High-Speed Engines
Table 34 Power Generation: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
8.2.2 Backup Power Generation
8.2.3 Continuous Power Generation
Table 35 High-Speed Engine Market, by Power Generation, 2018-2028 (USD Million)
8.3 Marine
8.3.1 Increased Demand for Maritime Transport to Fuel Demand for High-Speed Engines
Table 36 Marine: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
8.3.2 Auxiliary
8.3.3 Propulsion
Table 37 High-Speed Engine Market, by Marine, 2018-2028 (USD Million)
8.4 Railway
8.4.1 Railway Electrification to Act as Challenge for High-Speed Engine Market Growth
Table 38 Railway: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
8.5 Mining and Oil & Gas
8.5.1 Increasing Oil & Gas Operations to Drive High-Speed Engine Market
Table 39 Mining and Oil & Gas: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
8.6 Construction
8.6.1 Increasing Urbanization to Drive High-Speed Engine Market Growth
Table 40 Construction: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
8.7 Others
Table 41 Others: High-Speed Engine Market, by Region, 2018-2028 (USD Million)
9 High-Speed Engine Market, by Region
9.1 Introduction
Figure 30 High-Speed Engine Market in Asia-Pacific to Grow at Highest CAGR During Forecast Period
Figure 31 High-Speed Engine Market Share (Value), by Region, 2021
Table 42 High-Speed Engine Market, by Region, 2018-2028 (USD Million)
Table 43 High-Speed Engine Market, by Region, 2018-2028 (Units)
9.2 Asia-Pacific
9.2.1 Recession Impact
Figure 32 Asia-Pacific: High-Speed Engine Market Snapshot
9.2.2 By Speed
Table 44 Asia-Pacific: High-Speed Engine Market Size, by Speed, 2018-2028 (USD Million)
9.2.3 By Power Output
Table 45 Asia-Pacific: High-Speed Engine Market, by Power Output, 2018-2028 (USD Million)
9.2.4 By End-user
Table 46 Asia-Pacific: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 47 Asia-Pacific: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 48 Asia-Pacific: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5 By Country
Table 49 Asia-Pacific: High-Speed Engine Market, by Country, 2018-2028 (USD Million)
9.2.5.1 China
9.2.5.1.1 Strong Economic Growth and Supportive Government Policies for Shipbuilding Industry to Drive Market
Table 50 China: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 51 China: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 52 China: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.2 India
9.2.5.2.1 Rise in Power Generation and Construction Activities to Propel Growth
Table 53 India: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 54 India: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 55 India: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.3 Japan
9.2.5.3.1 Growing Maritime and Shipbuilding Industry in Japan to Boost High-Speed Engine Market
Table 56 Japan: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 57 Japan: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 58 Japan: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.4 Australia
9.2.5.4.1 Increased Expenditure in Mining Industry and Growing Commercial Vessels to Support Market Growth
Table 59 Australia: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 60 Australia: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 61 Australia: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.5 Singapore
9.2.5.5.1 Growing Demand for Reliable Backup Power Generation and Shipbuilding to Drive Market
Table 62 Singapore: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 63 Singapore: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 64 Singapore: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.6 Indonesia
9.2.5.6.1 Increased Demand for Electricity for Power Backup Solutions to Accelerate Market Growth
Table 65 Indonesia: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 66 Indonesia: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 67 Indonesia: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.7 Bangladesh
9.2.5.7.1 Investments in Shipbuilding Industry to Support Market Growth
Table 68 Bangladesh: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 69 Bangladesh: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 70 Bangladesh: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.8 Mongolia
9.2.5.8.1 Increased Construction Activities Driven by Residential and Infrastructure Sectors to Boost Market
Table 71 Mongolia: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 72 Mongolia: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 73 Mongolia: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.9 Kazakhstan
9.2.5.9.1 Oil & Gas Production as Well as Mining Activities to Drive Market
Table 74 Kazakhstan: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 75 Kazakhstan: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 76 Kazakhstan: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.2.5.10 Rest of Asia-Pacific
Table 77 Rest of Asia-Pacific: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 78 Rest of Asia-Pacific: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 79 Rest of Asia-Pacific: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.3 North America
9.3.1 Recession Impact
Figure 33 North America: Market Snapshot
9.3.2 By Speed
Table 80 North America: High-Speed Engine Market, by Speed, 2018-2028 (USD Million)
9.3.3 By Power Output
Table 81 North America: High-Speed Engine Market, by Power Output, 2018-2028 (USD Million)
9.3.4 By End-user
Table 82 North America: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 83 North America: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 84 North America: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.3.5 By Country
Table 85 North America: High-Speed Engine Market, by Country, 2018-2028 (USD Million)
9.3.5.1 US
9.3.5.1.1 Growing Maritime Industry and Need for Reliable Backup Power to Stimulate Demand for High-Speed Engines
Table 86 US: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 87 US: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 88 US: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.3.5.2 Canada
9.3.5.2.1 Government Investments in Building Offshore Vessels and Joint Support Vessels to Drive Market
Table 89 Canada: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 90 Canada: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 91 Canada: High-Speed Engine Market, by Type, 2018-2028 (USD Million)
9.3.5.3 Mexico
9.3.5.3.1 Increased Focus on Power Generation, Oil & Gas Exploration, and Mining Operations to Fuel Demand for High-Speed Engines
Table 92 Mexico: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 93 Mexico: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 94 Mexico: High-Speed Engine Market, by Type, 2018-2028 (USD Million)
9.4 South America
9.4.1 Recession Impact
9.4.2 By Speed
Table 95 South America: High-Speed Engine Market, by Speed, 2018-2028 (USD Million)
9.4.3 By Power Output
Table 96 South America: High-Speed Engine Market, by Power Output, 2018-2028 (USD Million)
9.4.4 By End-user
Table 97 South America: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 98 South America: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 99 South America: High-Speed Power Generation Market, by Type, 2018-2028 (USD Million)
9.4.5 By Country
Table 100 South America: High-Speed Engine Market, by Country, 2018-2028 (USD Million)
9.4.5.1 Brazil
9.4.5.1.1 Oil & Gas Investments and Increasing Demand for Backup Power Generation to Boost Market
Table 101 Brazil: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 102 Brazil: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 103 Brazil: High-Speed Power Generation Market, by Type, 2018-2028 (USD Million)
9.4.5.2 Argentina
9.4.5.2.1 Government Investments in Shipbuilding to Drive Market
Table 104 Argentina: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 105 Argentina: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 106 Argentina: High-Speed Power Generation Market, by Type, 2018-2028 (USD Million)
9.4.5.3 Chile
9.4.5.3.1 Increased Mining Operations to Drive High-Speed Engine Market
Table 107 Chile: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 108 Chile: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 109 Chile: High-Speed Power Generation Market, by Type, 2018-2028 (USD Million)
9.4.5.4 Rest of South America
Table 110 Rest of South America: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 111 Rest of South America: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 112 Rest of South America: High-Speed Power Generation Market, by Type, 2018-2028 (USD Million)
9.5 Middle East & Africa
9.5.1 Recession Impact
9.5.2 By Speed
Table 113 Middle East & Africa: High-Speed Engine Market Size, by Speed, 2018-2028 (USD Million)
9.5.3 By Power Output
Table 114 Middle East & Africa: High-Speed Engine Market, by Power Output, 2018-2028 (USD Million)
9.5.4 By End-user
Table 115 Middle East & Africa: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 116 Middle East & Africa: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 117 Middle East & Africa: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.5.5 By Country
Table 118 Middle East & Africa: High-Speed Engine Market, by Country, 2018-2028 (USD Million)
9.5.5.1 UAE
9.5.5.1.1 Infrastructure Growth and High Influx of Foreign Investments to Fuel Demand
Table 119 UAE: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 120 UAE: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 121 UAE: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.5.5.2 Saudi Arabia
9.5.5.2.1 Growth of the Oil & Gas Industry to Propel Market
Table 122 Saudi Arabia: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 123 Saudi Arabia: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 124 Saudi Arabia: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.5.5.3 Turkey
9.5.5.3.1 Demand for Backup Power Solutions to Boost Market
Table 125 Turkey: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 126 Turkey: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 127 Turkey: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.5.5.4 Qatar
9.5.5.4.1 Engine-Powered Generators for Backup Power Generation to Drive Market
Table 128 Qatar: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 129 Qatar: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 130 Qatar: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.5.5.5 Oman
9.5.5.5.1 Requirement of Emergency Backup Power Solutions for Uninterrupted Power Supply to Boost Demand
Table 131 Oman: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 132 Oman: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 133 Oman: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.5.5.6 Iran
9.5.5.6.1 Demand from Maritime and Power Generation Industries to Boost Market
Table 134 Iran: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 135 Iran: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 136 Iran: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.5.5.7 South Africa
9.5.5.7.1 Surging Demand for Backup Power Solutions to Mitigate Power Outages and Blackouts to Drive Market
Table 137 South Africa: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 138 South Africa: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 139 South Africa: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.5.5.8 Rest of Middle East & Africa
Table 140 Rest of Middle East & Africa: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 141 Rest of Middle East & Africa: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 142 Rest of Middle East & Africa: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.6 Europe
9.6.1 Recession Impact
9.6.2 By Speed
Table 143 Europe: High-Speed Engine Market, by Speed, 2018-2028 (USD Million)
9.6.3 By Power Output
Table 144 Europe: High-Speed Engine Market, by Power Output, 2018-2028 (USD Million)
9.6.4 By End-user
Table 145 Europe: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 146 Europe: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 147 Europe: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.6.5 By Country
Table 148 Europe: High-Speed Engine Market, by Country, 2018-2028 (USD Million)
9.6.5.1 Germany
9.6.5.1.1 Rising Data Center Investments to Drive Market
Table 149 Germany: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 150 Germany: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 151 Germany: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.6.5.2 UK
9.6.5.2.1 High Demand for Emergency Power Backup Solutions to Drive Market
Table 152 UK: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 153 UK: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 154 UK: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.6.5.3 France
9.6.5.3.1 Growing Maritime Industry and Falling Nuclear Power Production to Drive Market
Table 155 France: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 156 France: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 157 France: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.6.5.4 Italy
9.6.5.4.1 Surging Demand for Reliable Backup Power Solutions to Boost Market
Table 158 Italy: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 159 Italy: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 160 Italy: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.6.5.5 Belarus
9.6.5.5.1 Increased Use of Diesel- and Gas-Powered Generators for Standby Power Generation to Drive Market Growth
Table 161 Belarus: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 162 Belarus: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 163 Belarus: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.6.5.6 Russia
9.6.5.6.1 Increased Oil & Gas Investments and Steady Growth of Russian Marine Fleet to Boost Demand
Table 164 Russia: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 165 Russia: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 166 Russia: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
9.6.5.7 Rest of Europe
Table 167 Rest of Europe: High-Speed Engine Market, by End-user, 2018-2028 (USD Million)
Table 168 Rest of Europe: High-Speed Marine Engine Market, by Type, 2018-2028 (USD Million)
Table 169 Rest of Europe: High-Speed Power Generation Engine Market, by Type, 2018-2028 (USD Million)
10 Competitive Landscape
10.1 Key Player Strategies
Table 170 Overview of Key Strategies Deployed by Top Players, August 2018-April 2022
10.2 Market Share Analysis of Top 5 Players
Table 171 High-Speed Engine Market: Degree of Competition
Figure 34 High-Speed Engine Market Share Analysis, 2021
10.3 Revenue Analysis of Top 5 Market Players
Figure 35 Top Players in High-Speed Engine Market from 2017 to 2021
10.4 Company Evaluation Quadrant, 2021
10.4.1 Stars
10.4.2 Pervasive Players
10.4.3 Emerging Leaders
10.4.4 Participants
Figure 36 Competitive Leadership Quadrant: High-Speed Engine Market, 2021
10.5 Startups/SMEs Evaluation Quadrant, 2021
10.5.1 Progressive Companies
10.5.2 Responsive Companies
10.5.3 Dynamic Companies
10.5.4 Starting Blocks
Figure 37 High-Speed Engine Market: Startups/SMEs Evaluation Quadrant, 2021
10.6 Competitive Benchmarking
Table 172 High-Speed Engine Market: Detailed List of Key Startups/SMEs
Table 173 High-Speed Engine Market: Competitive Benchmarking of Key Players [Startups/SMEs]
10.7 High-Speed Engine Market: Company Footprint
Table 174 By Speed: Company Footprint
Table 175 By Power Output: Company Footprint
Table 176 By End-user: Company Footprint
Table 177 Company Footprint
10.8 Competitive Scenario
Table 178 High-Speed Engine Market: Deals, November 2019-November 2022
Table 179 High-Speed Engine Market: Product Launches, January 2020-May 2022
Table 180 High-Speed Engine Market: Others, December 2020-January 2022
11 Company Profiles
11.1 Key Players
Business Overview, Products/Services/Solutions Offered, Recent Developments, Product Launches, Deals, Analyst's View, Key Strengths/Right to Win, Strategic Choices, and Weaknesses/Competitive Threats
11.1.1 Caterpillar
Table 181 Caterpillar: Company Overview
Figure 38 Caterpillar: Company Snapshot (2021)
Table 182 Caterpillar: Products/Services/Solutions Offered
Table 183 Caterpillar: Product Launches
Table 184 Caterpillar: Deals
Table 185 Caterpillar: Others
11.1.2 Cummins Inc.
Table 186 Cummins Inc.: Company Overview
Figure 39 Cummins Inc.: Company Snapshot (2021)
Table 187 Cummins Inc.: Products/Services/Solutions Offered
Table 188 Cummins Inc.: Product Launches
Table 189 Cummins Inc.: Deals
Table 190 Cummins Inc.: Others
11.1.3 Rolls-Royce Holdings PLC
Table 191 Rolls-Royce Holdings PLC: Company Overview
Figure 40 Rolls-Royce Holdings PLC: Company Snapshot (2021)
Table 192 Rolls-Royce Holdings PLC: Products/Services/Solutions Offered
Table 193 Rolls-Royce Holdings PLC: Deals
11.1.4 Volvo Penta
Table 194 Volvo Penta: Company Overview
Figure 41 Volvo Penta: Company Snapshot (2021)
Table 195 Volvo Penta: Products/Services/Solutions Offered
Table 196 Volvo Penta: Product Launches
11.1.5 Man Energy Solutions
Table 197 Man Energy Solutions: Company Overview
Figure 42 Man Energy Solutions: Company Snapshot (2021)
Table 198 Man Energy Solutions: Products/Services/Solutions Offered
Table 199 Man Energy Solutions: Product Launches
Table 200 Man Energy Solutions: Deals
11.1.6 Wärtsilä
Table 201 Wärtsilä: Business Overview
Figure 43 Wärtsilä: Company Snapshot (2021)
Table 202 Wärtsilä: Products/Services/Solutions Offered
Table 203 Wärtsilä: Product Launches
Table 204 Wärtsilä: Deals
Table 205 Wärtsilä: Others
11.1.7 Weichai Power Co. Ltd.
Table 206 Weichai Power Co. Ltd.: Company Overview
Figure 44 Weichai Power Co. Ltd.: Company Snapshot (2021)
Table 207 Weichai Power Co. Ltd.: Products/Services/Solutions Offered
Table 208 Weichai Power Co. Ltd.: Product Launches
11.1.8 Hyundai Heavy Industries Co. Ltd.
Table 209 Hyundai Heavy Industries Co. Ltd.: Company Overview
Figure 45 Hyundai Heavy Industries Co. Ltd.: Company Snapshot (2021)
Table 210 Hyundai Heavy Industries Co. Ltd.: Products/Services/Solutions Offered
Table 211 Hyundai Heavy Industries Co. Ltd.: Product Launches
Table 212 Hyundai Heavy Industries Co. Ltd.: Deals
11.1.9 Doosan Infracore
Table 213 Doosan Infracore: Company Overview
Figure 46 Doosan Infracore: Company Snapshot (2021)
Table 214 Doosan Infracore: Products/Services/Solutions Offered
Table 215 Doosan Infracore: Product Launches
Table 216 Doosan Infracore: Deals
11.1.10 Mitsubishi Heavy Industries Engine & Turbochargers, Ltd.
Table 217 Mitsubishi Heavy Industries Engine & Turbochargers, Ltd.: Business Overview
Figure 47 Mitsubishi Heavy Industries Engine & Turbochargers, Ltd.: Company Snapshot (2021)
Table 218 Mitsubishi Heavy Industries Engine & Turbochargers, Ltd.: Products/Services/Solutions Offered
Table 219 Mitsubishi Heavy Industries Engine & Turbochargers, Ltd.: Deals
11.1.11 Yanmar Holdings Co. Ltd.
Table 220 Yanmar Holdings Co. Ltd.: Company Overview
Figure 48 Yanmar Holdings Co. Ltd.: Company Snapshot (2021)
Table 221 Yanmar Holdings Co. Ltd.: Products/Services/Solutions Offered
Table 222 Yanmar Holdings Co. Ltd.: Product Launches
Table 223 Yanmar Holdings Co. Ltd.: Deals
11.1.12 Ihi Power Systems Co. Ltd.
Table 224 Ihi Power Systems Co. Ltd.: Company Overview
Table 225 Ihi Power Systems Co. Ltd.: Products/Services/Solutions Offered
11.1.13 Deutz AG
Table 226 Deutz AG: Company Overview
Figure 49 Deutz AG: Company Snapshot (2021)
Table 227 Deutz AG: Products/Services/Solutions Offered
Table 228 Deutz AG: Others
11.1.14 John Deere
Table 229 John Deere: Company Overview
Figure 50 John Deere: Company Snapshot (2021)
Table 230 John Deere: Products/Services/Solutions Offered
Table 231 John Deere: Product Launches
Table 232 John Deere: Deals
11.1.15 Anglo Belgian Corporation Nv
Table 233 Anglo Belgian Corporation Nv: Company Overview
Table 234 Anglo Belgian Corporation Nv: Products/Services/Solutions Offered
11.1.16 Kohler
Table 235 Kohler: Company Overview
Table 236 Kohler: Products/Services/Solutions Offered
Table 237 Kohler: Deals
11.2 Other Players
11.2.1 Fpt Industrial
11.2.2 Isotta Fraschini Motori S.P.A.
11.2.3 Kirloskar Oil Engines
11.2.4 Honda Motor Company
Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Product Launches, Deals, Analyst's View, Key Strengths/Right to Win, Strategic Choices, and Weaknesses/Competitive Threats Might Not be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledgestore: The Subscription Portal
12.4 Customization Options
Executive Summary
Companies Mentioned
- Anglo Belgian Corporation Nv
- Caterpillar
- Cummins Inc.
- Deutz AG
- Doosan Infracore
- Fpt Industrial
- Honda Motor Company
- Hyundai Heavy Industries Co. Ltd.
- Ihi Power Systems Co. Ltd.
- Isotta Fraschini Motori S.P.A.
- John Deere
- Kirloskar Oil Engines
- Kohler
- Man Energy Solutions
- Mitsubishi Heavy Industries Engine & Turbochargers, Ltd.
- Rolls-Royce Holdings PLC
- Volvo Penta
- Weichai Power Co. Ltd.
- Wärtsilä
- Yanmar Holdings Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 235 |
| Published | February 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 23.6 Billion |
| Forecasted Market Value ( USD | $ 29.9 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
