High-Speed Engine Market
High-Speed Engine Market Size, Share & Trends Analysis Report by Speed (1000–1500 RPM, 1500–1800 RPM, and Above 1800 RPM), by Power Output (0.5–1 MW, 1–2 MW, 2–4 MW, and Above 4 MW), by End User (Power Generation, Marine, Mining, Oil & Gas, Railway, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
High-speed engine market is anticipated to grow at a CAGR of 5.3% during the forecast period. The growing expansion of power generation plants across the globe is the major factor driving the growth of the market. The demand for increased product offerings results in assist for updated facilities, equipment, and processes to safely handle customer requirements. Key players are investing to expand the power generation plant to cater to the demand. For instance, in October 2020, Rolls-Royce Holdings Plc invested $13.9 million in its power systems business unit for the addition of a new research and development building and multi-phase expansion of its MTU power generation manufacturing facility in Mankato, Minnesota, US. The company is expanding existing assembly lines to accommodate the production of high-power MTU gas generator sets, by increasing the capacity of the plant by 25.0%.
Segmental Outlook
The global high-speed engine market is segmented based on speed, power output, and end user. Based on the speed, the market is sub-segmented into 1000–1500 RPM, 1500–1800 RPM, and Above 1800 RPM. Based on the power output, the market is sub-segmented into 0.5–1 MW, 1–2 MW, 2–4 MW, and above 4 MW. Based on the end user, the market is further sub-segmented into power generation, marine, mining, oil & gas, railway, and others. Among the power output, the 1-2 MW segment is expected to hold a considerable share in the market owing to an increasing use of 1-2 MW engines from end-users in power generation and marine industries.
Among end-users, the power generation segment is expected to hold a prominent share in the high-speed engine market over the forecast period. The demand for power backup is increasing among developing and developed nations such as India, China, and others. Rapid urbanization and industrialization further create a high demand for power backup. The demand for power backup is increased in various industries including agriculture, and others. Moreover, the key players operating in the market are also launching a power backup high-speed engine to cater to the demand. For instance, in December 2020, The Sonalika Group launched Tiger, an electric tractor. It is powered by a 25.5 kW natural cooling compact battery. It offers a speed of 24.93 kmph and a battery backup of eight hours while operating with a two-ton trolley. Moreover, it also offers high power density and high peak torque with zero RPM drop for optimal performance. Thus, drives the power generation segment in the market.
Regional Outlooks
The global high-speed engine market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific is expected to grow in the high-speed engine market during the forecast period, owing to the increase in demand for uninterrupted power supply in the region.
Global High-Speed Engine Market Growth, by Region 2022-2028
The North American is Expected to Hold a Significant Share in the Global High-Speed Engine Market
Among all regions, North American is expected to hold a significant market share during the forecast period. The presence of high-speed engine market players such as Caterpillar Inc., and others is accelerating the growth of the high-speed engine market. These key players are focusing on launching new products to stay competitive in the market. For instance, in August 2020, Caterpillar Inc. launched the C32B marine engine, targeting new marine pleasure craft and rebuilds. The Cat C32B diesel is rated 2000 hp at 2300 RPM, with a metric rating of 2025 HP. It expands the power capability of the C32 high-performance product line, delivering a 5% power increase over existing C32 engines, with only a 2.0% weight increase. The engine also utilizes simple fuel and oil filters, with oil change intervals as high as 500 hours.
Market Players Outlook
The major companies serving the global high-speed engine market include Caterpillar Inc., Daihatsu Diesel Mfg. Co., Ltd., Guangzhou Diesel Engine Factory Ltd., Hyundai Doosan Infracore Co., Ltd., IHI Power Systems Co., Ltd., Kohler Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, Rolls-Royce Holdings Plc launched MTU high-speed engines, gas engine series 500 for power generation. The company offers a wide range of variants including 6R, 8V, and 12V versions with a power range of 250 to 550 kilowatts and peak efficiencies of up to 42.6%. The gas gensets offer a climate-friendly and economical solution for the industrial and utility sector in addition to other applications. The company offers a high-speed engine for operation with natural gas and biogas.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global high-speed engine market. based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global High-Speed Engine Market by Speed
4.1.1. 1000–1500 RPM
4.1.2. 1500–1800 RPM
4.1.3. Above 1800 RPM
4.2. Global High-Speed Engine Market by Power Output
4.2.1. 0.5–1 MW
4.2.2. 1–2 MW
4.2.3. 2–4 MW
4.2.4. Above 4 MW
4.3. Global High-Speed Engine Market by End User
4.3.1. Power Generation
4.3.2. Marine
4.3.3. Mining
4.3.4. Oil & Gas
4.3.5. Railway
4.3.6. Others (Automobile)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Caterpillar Inc.
6.2. Daihatsu Diesel Mfg. Co., Ltd.
6.3. Guangzhou Diesel Engine Factory Ltd.
6.4. Hyundai Doosan Infracore Co., Ltd.
6.5. IHI Power Systems Co., Ltd.
6.6. Kohler Co.
6.7. Man Se
6.8. Mitsubishi Heavy Industries, Ltd.
6.9. Rolls-Royce Holdings Plc
6.10. Volvo Penta Ab
6.11. Wärtsilä Corp.
6.12. Weichai Power Co., Ltd
6.13. Yanmar Co., Ltd.
1. GLOBAL HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
2. GLOBAL 1000–1500 RPM HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL 1500–1800 RPM HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL Above 1800 RPM HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY POWER OUTPUT, 2021-2028 ($ MILLION)
6. GLOBAL HIGH-SPEED ENGINE BY 0.5–1 MW MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL HIGH-SPEED ENGINE BY 1–2 MW MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL HIGH-SPEED ENGINE BY 2–4 MW MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL HIGH-SPEED ENGINE BY ABOVE 4 MW MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
11. GLOBAL HIGH-SPEED ENGINE FOR POWER GENERATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL HIGH-SPEED ENGINE FOR MARINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
13. GLOBAL HIGH-SPEED ENGINE FOR MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL HIGH-SPEED ENGINE FOR OIL & GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
15. GLOBAL HIGH-SPEED ENGINE FOR RISK AND CREDIT ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL HIGH-SPEED ENGINE FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
17. GLOBAL HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. NORTH AMERICAN HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
20. NORTH AMERICAN HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY POWER OUTPUT, 2021-2028 ($ MILLION)
21. NORTH AMERICAN HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
22. EUROPEAN HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. EUROPEAN HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
24. EUROPEAN HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY POWER OUTPUT, 2021-2028 ($ MILLION)
25. EUROPEAN HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY POWER OUTPUT, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
30. REST OF THE WORLD HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. REST OF THE WORLD HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY SPEED, 2021-2028 ($ MILLION)
32. REST OF THE WORLD HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY POWER OUTPUT, 2021-2028 ($ MILLION)
33. REST OF THE WORLD HIGH-SPEED ENGINE MARKET RESEARCH AND ANALYSIS BY END USER, 2021-2028 ($ MILLION)
1. GLOBAL HIGH-SPEED ENGINE MARKET SHARE BY SPEED, 2021 VS 2028 (%)
2. GLOBAL 1000–1500 RPM HIGH-SPEED ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL 1500–1800 RPM HIGH-SPEED ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL Above 1800 RPM HIGH-SPEED ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL HIGH-SPEED ENGINE MARKET SHARE BY POWER OUTPUT, 2021 VS 2028 (%)
6. GLOBAL HIGH-SPEED ENGINE BY 0.5–1 MW MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL HIGH-SPEED ENGINE BY 1–2 MW MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL HIGH-SPEED ENGINE BY 2–4 MW MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL HIGH-SPEED ENGINE BY ABOVE 4 MW MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL HIGH-SPEED ENGINE MARKET SHARE BY END USER, 2021 VS 2028 (%)
11. GLOBAL HIGH-SPEED ENGINE FOR POWER GENERATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL HIGH-SPEED ENGINE FOR MARINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL HIGH-SPEED ENGINE FOR MINING MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL HIGH-SPEED ENGINE FOR OIL & GAS MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL HIGH-SPEED ENGINE FOR RAILWAY MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL HIGH-SPEED ENGINE FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL HIGH-SPEED ENGINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. US HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
20. UK HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD HIGH-SPEED ENGINE MARKET SIZE, 2021-2028 ($ MILLION)
