Middle East & Africa High-Speed Engine Market Forecast to 2030 - Regional Analysis

Description

List of Tables

The Middle East & Africa high-speed engine market was valued at US$ 2,034.03 million in 2022 and is expected to reach US$ 2,884.71 million by 2030; it is estimated to register a CAGR of 4.5% from 2022 to 2030.

Rise in Marine Transportation Bolsters Middle East & Africa High-Speed Engine Market

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. As per the data published by the United Nations in 2023, the world commercial merchant fleet grew by 70 million deadweight ton (dwt). The following chart shows the increasing demand for ships in the commercial fleet.

Further, the growing adoption of ships boosts the demand for high-speed engines, as these engines play an important role in the overall operations of a ship. Thus, the rise in marine transportation drives the ABC high-speed engine market.

Middle East & Africa High-Speed Engine Market Overview

Over the past few years, governments of Middle Eastern countries have been focusing on strengthening their non-oil GDP. Thus, countries such as the UAE and Saudi Arabia are concentrating on the development of industries such as construction, mining, manufacturing, etc. In July 2023, the UAE entered into a US$ 1.9 billion agreement with the DR Congo's state mining corporation to develop four mines. Moreover, in January 2024, as part of its "Vision 2030" initiative to reshape and diversify its economy, the Saudi Arabian government added mining as a "pillar" of its industrial base. The Saudi government is further planning to extract US$ 2.5 trillion worth of metals from the mining industry. The rise in mining activities is projected to boost the demand for stable stationary power sources for carrying out mining operations, which is ultimately projected to fuel the need for high-speed engines in the coming years.

Middle East & Africa High-Speed Engine Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa High-Speed Engine Market Segmentation

The Middle East & Africa high-speed engine market is categorized into speed, power output, end user, and country.

Based on speed, the Middle East & Africa high-speed engine market is segmented into 1000-1500, 1500-1800, and above 1800. The 1500-1800 segment held the largest share of Middle East & Africa high-speed engine market share in 2022.

In terms of power output, the Middle East & Africa high-speed engine market is categorized into less than 2 MW, 2-4 MW, and above 4 MW. The less than 2 MW segment held the largest share of Middle East & Africa high-speed engine market in 2022.

By end user, the Middle East & Africa high-speed engine market is divided into marine, power generation, railway, and oil and gas. The marine segment held the largest share of Middle East & Africa high-speed engine market in 2022.

Based on country, the Middle East & Africa high-speed engine market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East and Africa. Saudi Arabia dominated the Middle East & Africa high-speed engine market share in 2022.

AB Volvo; Caterpillar 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 Cummins Inc. are some of the leading companies operating in the Middle East & Africa high-speed engine market.

Product Code: BMIRE00031004

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 Ecosystem Analysis

5. Middle East & Africa High-Speed Engine Market - Key Market Dynamics

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

6. High-Speed Engine Market - Middle East & Africa Market Analysis

6.1 Overview
6.2 High-Speed Engine Market Revenue (US$ Million), 2020-2030
6.3 High-Speed Engine Market Forecast Analysis

7. Middle East & Africa High-Speed Engine Market Analysis - by Speed

7.1 1000-1500 rpm
- 7.1.1 Overview
- 7.1.2 1000-1500 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
7.2 1500-1800 rpm
- 7.2.1 Overview
- 7.2.2 1500-1800 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. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa High-Speed Engine Market - Country Analysis

10.1 Middle East & Africa
- 10.1.1 Middle East & Africa: High-Speed Engine Market, By Key Country - Revenue 2022 (US$ Million)
- 10.1.2 Middle East & Africa: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.1 Middle East & Africa: High-Speed Engine Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.2 South Africa: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.2.1 South Africa: High-Speed Engine Market Breakdown, by Speed
    - 10.1.2.2.2 South Africa: High-Speed Engine Market Breakdown, by Power Output
    - 10.1.2.2.3 South Africa: High-Speed Engine Market Breakdown, by End User
  - 10.1.2.3 Saudi Arabia: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.3.1 Saudi Arabia: High-Speed Engine Market Breakdown, by Speed
    - 10.1.2.3.2 Saudi Arabia: High-Speed Engine Market Breakdown, by Power Output
    - 10.1.2.3.3 Saudi Arabia: High-Speed Engine Market Breakdown, by End User
  - 10.1.2.4 UAE: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.4.1 UAE: High-Speed Engine Market Breakdown, by Speed
    - 10.1.2.4.2 UAE: High-Speed Engine Market Breakdown, by Power Output
    - 10.1.2.4.3 UAE: High-Speed Engine Market Breakdown, by End User
  - 10.1.2.5 Rest of Middle East & Africa: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.5.1 Rest of Middle East & Africa: High-Speed Engine Market Breakdown, by Speed
    - 10.1.2.5.2 Rest of Middle East & Africa: High-Speed Engine Market Breakdown, by Power Output
    - 10.1.2.5.3 Rest of Middle East & Africa: 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 MAN Energy Solutions SE
- 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 Mitsubishi Heavy Industries, Ltd.
- 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 Rolls-Royce Holdings Plc
- 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 Wartsila Corp
- 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 Weichai Heavy Machinery Co., Ltd.
- 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 YANMAR HOLDINGS 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 Cummins Inc.
- 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

14. Appendix

14.1 About The Insight Partners