The global high-speed engine market is anticipated to grow at a CAGR of 5.3% during the forecast period. The demand for a reliable and uninterrupted power supply is increasing across the globe, which increases the demand for power generation. With the high-speed power generation, people can have electricity access even during the time of an outage. According to the International Energy Outlook 2019 by EIA, global electricity demand is expected to increase by 2.1% per year until 2040. To cater to the rising demand for power backups across the globe, key players are launching high-speed power generators to stay competitive in the market. For instance, in June 2022, Cummins Inc. launched C1000D6RE, a 1MW twin-pack rental high-speed power generator which offers a competitive rental power solution for a diverse range of applications throughout North America. The generator combines two Cummins 15L, 500kW generators into a single 40ft power unit. The generator can be used in parallel with other rental power solutions and is capable of masterless load demand. In addition, it has a 1000kW power rating and is powered by QSX15 Cummins engines. The generator is suitable for use across a wide range of large-scale industries requiring rental power, including construction sites, emergency power, large-scale events, industrial buildings, and utilities located in remote locations or urban areas. The demand for backup power generation increases, which increases the demand for the high-speed engine market across the globe.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/high-speed-engine-market
Moreover, in August 2020, Generac Holdings Inc., manufacturer of backup power generation products launched Souped-Up Home Solar-Storage System. It provides backup power during power outages. Additionally, Generac unveiled the latest version of its “whole-home solar power solution," which includes a revamped PWRCell battery with more power and capacity than before, along with technology to simplify its off-grid operations and maximize its backup potential at the household circuit level.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Speed
o By Power Output
o By End-Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including 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.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global High-Speed Engine Market Report Segment
By Speed
By Power Output
By End-Users
Global High-Speed Engine Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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