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%.
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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.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global High-Speed Engine Market Report Segment
By Speed
- 1000-1500 RPM
- 1500-1800 RPM
- Above 1800 RPM
By Power Output
- 0.5-1 MW
- 1-2 MW
- 2-4 MW
- Above 4 MW
By End-Users
- Power Generation
- Marine
- Mining
- Oil & Gas
- Railway
- Others
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
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.
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