High-Speed Engine Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Speed, Power Output, and End User, and Geography

List of Tables

The high-speed engine market size is projected to rise from US$ 24.71 billion in 2022 to US$ 36.28 billion by 2030; the market is expected to grow at a CAGR of 4.9% during 2022-2030.

Rise in marine transportation across the globe is growing the High-speed engine market size.

The preference for marine transportation has increased in the past few years as it offers cheaper rates, is ideal for large volume goods, and easily connects with other parts of the world. One of the main benefits of marine transportation is shipping companies' ability to ship oversized, heavy loads that are commonly referred to as breakbulk or Not-in-trailer (NIT) loads. Large vehicles, equipment, construction materials, and other items might be transported as cargo. The process of carrying such cargo through the roadways and airways leads to several issues, such as high prices and difficulties in transportation due to the weight or size of the load. Thus, the adoption of marine transportation has increased. For instance, as per the data provided by the World Economic Forum in 2021, approximately 90% of the world's goods are transported by sea. Further, according to the data published by the Bureau of Transportation in 2020, maritime transportation carried nearly 1.5 billion tons of goods worth US$ 1.5 trillion. This value was more than any other mode of transportation in the US. Increased preferences for marine transportation are directly affecting the demand for ships. As per the data published by the United Nations in 2023, the world commercial merchant fleet grew by 70 million deadweight ton (dwt).

In terms of revenue, Asia Pacific dominated the high-speed engine market share in 2022 and is expected to maintain its dominance during the forecast period. The region is expected to record a notable CAGR during the forecast period owing to continuously growing marine, railway, oil, and gas sectors in countries such as China and India. China accounted for the largest share of the market in the region owing to the presence of well-established marine and power generation industries. China also leads the world in shipping capacity, with enormous commercial fleets that include container ships, oil tankers, liquefied natural gas transports, and bulk carriers for coal and grain. The country produces more than 90% of all shipping containers. Moreover, India is projected to record the highest CAGR during the forecast period, owing to increased government initiatives. As per the data published by the Government of India, maritime transport accounts for approximately 95% of India's commercial volume and 70% of its total value. Thus, to further strengthen its shipping industry, the Government of India allocated US$ 1.9 billion of total funds for 2023-2024. Thus, owing to such investments and the growth of the industries in Asia Pacific, the demand for high-speed engines is projected to increase during the forecast period.

Europe accounted for the 2nd largest growth rate of 4.96% during the forecast period owing to rise in government investment towards marine, oil and gas, and power sector in the region. For instance, in February 2023, the UK government announced two new investments of US$ 80 million for infrastructure development and zero-emission vessels. In addition, in November 2023, the European Union presented its plans to invest in the development of the new as well as the upgradation of current power grids in the region.

The high-speed engine market report emphasizes the key factors driving the market and depicts the developments of prominent players. AB Volvo, Caterpillar Inc., Cummins Inc., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd, Rolls-Royce Holdings Plc, Wartsila Corp., Weichai Heavy Machinery Co., Ltd., Yanmar Holdings Co., Ltd., and Doosan Infracore Co., Ltd. are among the key high-speed engine market players profiled during high-speed engine market analysis. In addition, several other important high-speed engine market players have been studied and analyzed during the study to get a holistic view of the high-speed engine market trends and its ecosystem. The high-speed engine market report includes company positioning and concentration to evaluate the performance of competitors in the market.

Product Code: TIPRE00020182

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. High-Speed Engine Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. High-Speed Engine Market - Key Market Dynamics

5.1 High-Speed Engine Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rise in Marine Transportation
- 5.2.2 Upsurge in Demand for Energy
5.3 Market Restraints
- 5.3.1 High Cost of Maintenance and Rise in Electrification of Fleet
5.4 Market Opportunities
- 5.4.1 Aging Commercial Fleet
5.5 Future Trends
- 5.5.1 Increasing Preferences for Alternate Fuel-powered Engines
5.6 Impact of Drivers and Restraints:

6. High-Speed Engine Market - Global Market Analysis

6.1 Overview
6.2 High-Speed Engine Market Revenue (US$ Million), 2022-2030
6.3 High-Speed Engine Market Forecast Analysis

7. High-Speed Engine Market Analysis - by Speed

7.10-1500 rpm
- 7.1.1 Overview
- 7.1.20-1500 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
7.20-1800 rpm
- 7.2.1 Overview
- 7.2.20-1800 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Above 1800 rpm
- 7.3.1 Overview
- 7.3.2 Above 1800 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

8. High-Speed Engine Market Analysis - by Power Output

8.1 Less than 2 MW
- 8.1.1 Overview
- 8.1.2 Less than 2 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
8.2 2-4 MW
- 8.2.1 Overview
- 8.2.2 2-4 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Above 4 MW
- 8.3.1 Overview
- 8.3.2 Above 4 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

9. High-Speed Engine Market Analysis - by End User

9.1 Marine
- 9.1.1 Overview
- 9.1.2 Marine: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Power Generation
- 9.2.1 Overview
- 9.2.2 Power Generation: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
9.3 Railway
- 9.3.1 Overview
- 9.3.2 Railway: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Oil and Gas
- 9.4.1 Overview
- 9.4.2 Oil and Gas: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

10. High-Speed Engine Market - Geographical Analysis

10.1 Overview
10.2 North America
- 10.2.1 North America High-Speed Engine Market Overview
- 10.2.2 North America: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
- 10.2.3 North America: High-Speed Engine Market Breakdown, by Speed
  - 10.2.3.1 North America: High-Speed Engine Market - Revenue and Forecast Analysis - by Speed
- 10.2.4 North America: High-Speed Engine Market Breakdown, by Power Output
  - 10.2.4.1 North America: High-Speed Engine Market - Revenue and Forecast Analysis - by Power Output
- 10.2.5 North America: High-Speed Engine Market Breakdown, by End User
  - 10.2.5.1 North America: High-Speed Engine Market - Revenue and Forecast Analysis - by End User
- 10.2.6 North America: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.1 North America: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.2 United States: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.2.6.2.1 United States: High-Speed Engine Market Breakdown, by Speed
    - 10.2.6.2.2 United States: High-Speed Engine Market Breakdown, by Power Output
    - 10.2.6.2.3 United States: High-Speed Engine Market Breakdown, by End user
  - 10.2.6.3 Canada: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.2.6.3.1 Canada: High-Speed Engine Market Breakdown, by Speed
    - 10.2.6.3.2 Canada: High-Speed Engine Market Breakdown, by Power Output
    - 10.2.6.3.3 Canada: High-Speed Engine Market Breakdown, by End User
  - 10.2.6.4 Mexico: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.2.6.4.1 Mexico: High-Speed Engine Market Breakdown, by Speed
    - 10.2.6.4.2 Mexico: High-Speed Engine Market Breakdown, by Power Output
    - 10.2.6.4.3 Mexico: High-Speed Engine Market Breakdown, by End User
10.3 Europe
- 10.3.1 Europe High-Speed Engine Market Overview
- 10.3.2 Europe: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
- 10.3.3 Europe: High-Speed Engine Market Breakdown, by Speed
  - 10.3.3.1 Europe: High-Speed Engine Market - Revenue and Forecast Analysis - by Speed
- 10.3.4 Europe: High-Speed Engine Market Breakdown, by Power Output
  - 10.3.4.1 Europe: High-Speed Engine Market - Revenue and Forecast Analysis - by Power Output
- 10.3.5 Europe: High-Speed Engine Market Breakdown, by End User
  - 10.3.5.1 Europe: High-Speed Engine Market - Revenue and Forecast Analysis - by End User
- 10.3.6 Europe: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.1 Europe: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.2 Germany: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.6.2.1 Germany: High-Speed Engine Market Breakdown, by Speed
    - 10.3.6.2.2 Germany: High-Speed Engine Market Breakdown, by Power Output
    - 10.3.6.2.3 Germany: High-Speed Engine Market Breakdown, by End User
  - 10.3.6.3 Italy: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.6.3.1 Italy: High-Speed Engine Market Breakdown, by Speed
    - 10.3.6.3.2 Italy: High-Speed Engine Market Breakdown, by Power Output
    - 10.3.6.3.3 Italy: High-Speed Engine Market Breakdown, by End User
  - 10.3.6.4 France: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.6.4.1 France: High-Speed Engine Market Breakdown, by Speed
    - 10.3.6.4.2 France: High-Speed Engine Market Breakdown, by Power Output
    - 10.3.6.4.3 France: High-Speed Engine Market Breakdown, by End User
  - 10.3.6.5 United Kingdom: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.6.5.1 United Kingdom: High-Speed Engine Market Breakdown, by Speed
    - 10.3.6.5.2 United Kingdom: High-Speed Engine Market Breakdown, by Power Output
    - 10.3.6.5.3 United Kingdom: High-Speed Engine Market Breakdown, by End User
  - 10.3.6.6 Russia: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.6.6.1 Russia: High-Speed Engine Market Breakdown, by Speed
    - 10.3.6.6.2 Russia: High-Speed Engine Market Breakdown, by Power Output
    - 10.3.6.6.3 Russia: High-Speed Engine Market Breakdown, by End User
  - 10.3.6.7 Rest of Europe: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.3.6.7.1 Rest of Europe: High-Speed Engine Market Breakdown, by Speed
    - 10.3.6.7.2 Rest of Europe: High-Speed Engine Market Breakdown, by Power Output
    - 10.3.6.7.3 Rest of Europe: High-Speed Engine Market Breakdown, by End User
10.4 Asia Pacific
- 10.4.1 Asia Pacific High-Speed Engine Market Overview
- 10.4.2 Asia Pacific: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
- 10.4.3 Asia Pacific: High-Speed Engine Market Breakdown, by Speed
  - 10.4.3.1 Asia Pacific: High-Speed Engine Market - Revenue and Forecast Analysis - by Speed
- 10.4.4 Asia Pacific: High-Speed Engine Market Breakdown, by Power Output
  - 10.4.4.1 Asia Pacific: High-Speed Engine Market - Revenue and Forecast Analysis - by Power Output
- 10.4.5 Asia Pacific: High-Speed Engine Market Breakdown, by End User
  - 10.4.5.1 Asia Pacific: High-Speed Engine Market - Revenue and Forecast Analysis - by End User
- 10.4.6 Asia Pacific: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.1 Asia Pacific: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.2 Australia: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.6.2.1 Australia: High-Speed Engine Market Breakdown, by Speed
    - 10.4.6.2.2 Australia: High-Speed Engine Market Breakdown, by Power Output
    - 10.4.6.2.3 Australia: High-Speed Engine Market Breakdown, by End User
  - 10.4.6.3 China: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.6.3.1 China: High-Speed Engine Market Breakdown, by Speed
    - 10.4.6.3.2 China: High-Speed Engine Market Breakdown, by Power Output
    - 10.4.6.3.3 China: High-Speed Engine Market Breakdown, by End User
  - 10.4.6.4 India: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.6.4.1 India: High-Speed Engine Market Breakdown, by Speed
    - 10.4.6.4.2 India: High-Speed Engine Market Breakdown, by Power Output
    - 10.4.6.4.3 India: High-Speed Engine Market Breakdown, by End User
  - 10.4.6.5 Japan: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.6.5.1 Japan: High-Speed Engine Market Breakdown, by Speed
    - 10.4.6.5.2 Japan: High-Speed Engine Market Breakdown, by Power Output
    - 10.4.6.5.3 Japan: High-Speed Engine Market Breakdown, by End User
  - 10.4.6.6 South Korea: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.6.6.1 South Korea: High-Speed Engine Market Breakdown, by Speed
    - 10.4.6.6.2 South Korea: High-Speed Engine Market Breakdown, by Power Output
    - 10.4.6.6.3 South Korea: High-Speed Engine Market Breakdown, by End User
  - 10.4.6.7 Rest of Asia Pacific: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.4.6.7.1 Rest of Asia Pacific: High-Speed Engine Market Breakdown, by Speed
    - 10.4.6.7.2 Rest of Asia Pacific: High-Speed Engine Market Breakdown, by Power Output
    - 10.4.6.7.3 Rest of Asia Pacific: High-Speed Engine Market Breakdown, by End User
10.5 Middle East and Africa
- 10.5.1 Middle East and Africa High-Speed Engine Market Overview
- 10.5.2 Middle East and Africa: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
- 10.5.3 Middle East and Africa: High-Speed Engine Market Breakdown, by Speed
  - 10.5.3.1 Middle East and Africa: High-Speed Engine Market - Revenue and Forecast Analysis - by Speed
- 10.5.4 Middle East and Africa: High-Speed Engine Market Breakdown, by Power Output
  - 10.5.4.1 Middle East and Africa: High-Speed Engine Market - Revenue and Forecast Analysis - by Power Output
- 10.5.5 Middle East and Africa: High-Speed Engine Market Breakdown, by End User
  - 10.5.5.1 Middle East and Africa: High-Speed Engine Market - Revenue and Forecast Analysis - by End User
- 10.5.6 Middle East and Africa: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.1 Middle East and Africa: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.2 South Africa: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.5.6.2.1 South Africa: High-Speed Engine Market Breakdown, by Speed
    - 10.5.6.2.2 South Africa: High-Speed Engine Market Breakdown, by Power Output
    - 10.5.6.2.3 South Africa: High-Speed Engine Market Breakdown, by End User
  - 10.5.6.3 Saudi Arabia: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.5.6.3.1 Saudi Arabia: High-Speed Engine Market Breakdown, by Speed
    - 10.5.6.3.2 Saudi Arabia: High-Speed Engine Market Breakdown, by Power Output
    - 10.5.6.3.3 Saudi Arabia: High-Speed Engine Market Breakdown, by End User
  - 10.5.6.4 UAE: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.5.6.4.1 UAE: High-Speed Engine Market Breakdown, by Speed
    - 10.5.6.4.2 UAE: High-Speed Engine Market Breakdown, by Power Output
    - 10.5.6.4.3 UAE: High-Speed Engine Market Breakdown, by End User
  - 10.5.6.5 Rest of Middle East and Africa: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.5.6.5.1 Rest of Middle East and Africa: High-Speed Engine Market Breakdown, by Speed
    - 10.5.6.5.2 Rest of Middle East and Africa: High-Speed Engine Market Breakdown, by Power Output
    - 10.5.6.5.3 Rest of Middle East and Africa: High-Speed Engine Market Breakdown, by End User
10.6 South America
- 10.6.1 South America High-Speed Engine Market Overview
- 10.6.2 South America: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
- 10.6.3 South America: High-Speed Engine Market Breakdown, by Speed
  - 10.6.3.1 South America: High-Speed Engine Market - Revenue and Forecast Analysis - by Speed
- 10.6.4 South America: High-Speed Engine Market Breakdown, by Power Output
  - 10.6.4.1 South America: High-Speed Engine Market - Revenue and Forecast Analysis - by Power Output
- 10.6.5 South America: High-Speed Engine Market Breakdown, by End User
  - 10.6.5.1 South America: High-Speed Engine Market - Revenue and Forecast Analysis - by End User
- 10.6.6 South America: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.1 South America: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.2 Brazil: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.6.6.2.1 Brazil: High-Speed Engine Market Breakdown, by Speed
    - 10.6.6.2.2 Brazil: High-Speed Engine Market Breakdown, by Power Output
    - 10.6.6.2.3 Brazil: High-Speed Engine Market Breakdown, by End User
  - 10.6.6.3 Argentina: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.6.6.3.1 Argentina: High-Speed Engine Market Breakdown, by Speed
    - 10.6.6.3.2 Argentina: High-Speed Engine Market Breakdown, by Power Output
    - 10.6.6.3.3 Argentina: High-Speed Engine Market Breakdown, by End User
  - 10.6.6.4 Rest of South America: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.6.6.4.1 Rest of South America: High-Speed Engine Market Breakdown, by Speed
    - 10.6.6.4.2 Rest of South America: High-Speed Engine Market Breakdown, by Power Output
    - 10.6.6.4.3 Rest of South America: High-Speed Engine Market Breakdown, by End User

11. Competitive Landscape

11.1 Company Positioning & Concentration
11.2 Heat Map Analysis

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development

13. Company Profiles

13.1 AB Volvo
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Caterpillar Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Doosan Infracore Co Ltd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 MAN Energy Solutions SE
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Mitsubishi Heavy Industries Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Rolls-Royce Holdings Plc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Wartsila Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Weichai Heavy Machinery Co Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Yanmar Holdings Co Ltd
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Cummins Inc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners