High-Speed Engine Market

High-Speed Engine Market by Speed (1000-1500 rpm, 1500-1800 rpm, and Above 1800 rpm), Power Output (0.5-1 MW, 1-2 MW, 2-4 MW, and Above 4 MW), End User (Power Generation, Marine, Railway, Mining and Oil & Gas, and Others), & Region - Global Forecast to 2026

Report Code: EP 7849 Mar, 2021, by marketsandmarkets.com

[210 Pages Report] The global high-speed engine market is projected to reach USD 27.1 billion by 2026 from an estimated USD 21.1 billion in 2021, at a CAGR of 5.1% during the forecast period. Rising demand for reliable and uninterrupted power, growth in international marine freight transport, and growth in maritime tourism are the major drivers of the high-speed engine markets. Increased demand for backup power solutions are expected to be the major factor driving the growth of high-speed engines market during forecast period.

High-Speed Engine Market

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COVID-19 Impact on the Global High-Speed Engine Market

The most significant near-term impacts on high-speed engines that are already contracted or under manufacturing process may be felt through supply chains. Industry executives are anticipating delivery and construction slowdowns, either because of the closure of industries to reduce the spread of coronavirus or because the workers start getting sick. Many components/parts for manufacturing high-speed engine come from China, Asia Pacific, the US, and some parts of Europe. Manufacturing disruptions in China and the US could contribute to a significant short term decline in the high-speed engine market.

Moreover, due to the COVID-19 outbreak, the value of the local currencies of many countries have depreciated. There is a misalignment of supply and demand, which leads to financial losses to the metal manufactures, also the key components used in manufacturing high-speed engines are typically procured in US dollars, which could result in increased component costs.

High-speed engine Market Dynamics

Driver: Rising demand for reliable and uninterrupted power to drive high-speed engine mrket for backup power generation

Electricity is a critical resource to drive the growth of any country. According to the International Energy Outlook 2019 by EIA, global electricity demand is expected to increase by 2.11% per year until 2040. A major part of the growth is expected to occur in non-OECD countries, such as China and India. However, the short-term electricity demand in 2020 is expected to fall by 5% as a consequence of COVID-19 and the resultant economic downturn. In case of a faster recovery, the demand is expected to fall by 2%. From 2010 to 2018, the global electricity production capacity grew at a faster rate, and the growth of the T&D network development has not kept pace with it, thereby resulting in reliability issues such as power outages and surges. Developing regions face more blackouts and power outages, whereas developed regions face more brownouts and voltage fluctuations.

Restraints: High fuel and operation & maintenance costs of high-speed engines compared to new emerging technologies

A standby generator can work for 30,000 hours before a major overhaul but requires preventive maintenance for efficient functioning. Diesel fuel is costly when compared to other alternatives such as gas engines and gas turbines, especially for long-duration operations. The preventive maintenance requires regular servicing and refilling of the lubrication, cooling, and fueling systems, starting batteries, and fuel filters. These costs add up to the total operating and maintenance costs of diesel engines and are higher than the operating costs of renewable technologies. Moreover, factors such as extreme temperatures, weather, and saltwater can increase the frequency of maintenance activities. New emerging technologies such as battery energy systems for backup power solutions have no fuel costs and are easy to maintain and operate. With the growing competition from these emerging technologies high fuel cost, and operation & maintenance cost of high-speed engines can be a major restraint for the market growth.

Opportunities: Growing trend of distributed power generation presents new opportunities for high-speed engines

Power systems are becoming decentralized with the adoption of distributed energy resources and new options for power generation. The demand for energy from distributed energy resources is growing because of factors such as power quality problems, planned rolling blackouts, unexpected utility power outages, and an increase in power costs. Distributed power generation systems have less than 100 MW capacity and can be either stationary or mobile. In 2012, USD 150 billion was invested in distributed power generation technologies, including gas turbines, reciprocating engines, and solar PV in electric power generation, mechanical drive, and propulsion applications, globally. GE estimates an increase in investment in power distribution technology from USD 150 billion to USD 206 billion by 2020. Diesel and gas-powered generation are being used for standby power generation to support local decentralized demand. The growth of high-speed engines for power generation will accelerate as the transmission and distribution networks that connect demand and supply are becoming diverse with their expansion. This network growth, coupled with technological advancements, will contribute to creating a greater network density, flexibility, and economics. High-speed engines offer higher efficiency and reliable generation capacity, which gives them an edge over other distributed power generation technologies for on-site generation needs and backup power requirements. Thus, the growth in distributed power generation is expected to provide lucrative opportunities to high-speed engine manufacturers.

Challenges: Implementation of stricter emission regulations can create challenge for growth of high-speed engine market

The energy demand is expected to increase by 35% by 2025, with an average growth rate of 1.4% per annum. This demand, combined with the growing awareness of global warming, has shifted the focus on clean, cost-effective, and efficient energy generation. Transportation, power generation, and industrial sectors are the major sources of greenhouse gas emissions. The governments and environmental agencies globally have implemented various regulations and limits for greenhouse gas emissions. For instance, the United Arab Emirates pledged to limit the emission and increase the share of clean energy in the energy mix to 24% by 2021, up from 0.2% in 2014. In 2005, Canada pledged a 30% reduction in greenhouse gas emissions by 2030. Environmental regulations, policies, and subsidy schemes vary country-wise based on the intensity of emissions caused by harmful gases such as SOx, NOx, and CO2. For instance, MARPOL Annex VI guidelines released by the International Maritime Organization (UK), in 2005, defined the limits for NOx emissions and mandated the use of fuels with low sulfur content. These guidelines apply to vessels and ships trading in the US waters as well as within 200 nautical miles of the coast of North America, which is also known as the North American Emission Control Area (ECA). The manufacturers of ship components are focused on the development of marine propulsion systems that comply with various environmental regulations formulated by governments of countries worldwide.

Market Interconnection

High-Speed Engine Market

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The 1000–1500 rpm segment by speed is expected to be the largest market during the forecast period

The high-speed engine market, by speed, is segmented into 1000–1500 rpm, 1500–1800 rpm and Above 1800 rpm. The 1000–1500 rpm segment is projected to hold the largest market share by 2026. Large-scale use of high-speed engines in power generation is expected to drive the growth of this segment.

The 1–2 MW high-speed engine segment is expected to be the largest contributor to the high-speed engine market, by power output, during the forecast period

The high-speed engine market is segmented, by power output, into 0.5–1 MW, 1–2 MW, 2–4 MW, and Above 4 MW. The 1–2 MW segment is projected to hold the largest market share by 2026. Heightened demand for high-speed engines power rated in the range of 1–2 MW from end users in the power generation and marine industries is fueling the growth of this segment.

High-Speed Engine Market  by Region

North America is expected to be the fastest growing market during the forecast period

In this report, the high-speed engine market has been analyzed with respect to five regions, namely, Asia Pacifc, North America, Europe, Middle East & Africa, and South America. North America is estimated to be the fastest growing market from 2021 to 2026. The power infrastructure in North America is aging, and this may increase the risk of widespread blackouts and power outages. Recent large-scale outages in various states, such as in Texas, are expected to lead to increased investments in backup power solutions. In addition, shale gas developments are expected to further aid the growth of the high-speed engine market in this region.

Scope of the Report

Report Metric

Details

Market size available for years

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD)

Segments covered

Speed, Power Output, End User and Region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, South America

Companies covered

Caterpillar (US), Cummins (US), Rolls Royce Holdings (UK), Volvo Penta (Sweden), Man SE (Germany), Weichai power (2002), Wartsila (Finland), Mitsubishi Heavy Industries Engine & Turbochargers (Japan), Doosan Infracore (South Korea), and Yanmar Holdings (Japan)

This research report categorizes the high-speed engine market by speed, power output, end user, and region.

The high-speed engine market, by speed, has been segmented as follows:

  • 1000–1500 rpm
  • 1500–1800 rpm
  • Above 1800 rpm

The high-speed engine market, by power output, has been segmented as follows:

  • 0.5–1 MW
  • 1–2 MW
  • 2–4 MW
  • Above 4 MW

The high-speed engine market, by end user, has been segmented as follows:

  • Power Generation
  • Marine
  • Mining and Oil & Gas
  • Railway
  • Others

The high-speed engine market, by region, has been segmented as follows:

  • Asia Pacifc
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In November 2020, Rolls Royce announced investments of up to USD 13.9 million in its Power Systems business unit for the addition of new research and development building and multi-phase expansion of its mtu power generation manufacturing facility in Mankato, Minnesota, US.
  • In November 2020, Rolls Royce has signed agreements for the delivery of up to 1000 engines along with two strategic partnerships at the China International Import Expo (CIIE) held in Shanghai. Six Chinese companies have signed agreements for the delivery of up to 1000 mtu 2000 series and 4000 series engines and systems. A few of the Chinese companies include Cooltech, Tellhow, Pauway, UNPower, and SUMEC. The strategic cooperation agreements were signed with Jianglong Shipyard, Aulong Shipyard, VPower, and SUMEC.
  • In May 2020, Telia (Sweden), a telecommunications company operating in the Nordic and Baltic regions, selected CAT dealer Witraktor (Finland) to deploy 12 CAT diesel generator sets to provide standby power capabilities at its new 24-MW data center in Helsinki (Finland).
  • In May 2019, Cummins is investing about USD 68 million on factory expansions in its Columbus engine plant and other investments in Greenwood and Indianapolis.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 HIGH-SPEED ENGINE MARKET: INCLUSIONS AND EXCLUSIONS
                    TABLE 1 HIGH SPEED ENGINE MARKET, BY SPEED: INCLUSIONS AND EXCLUSIONS
                    TABLE 2 HIGH SPEED ENGINE MARKET, BY POWER OUTPUT: INCLUSIONS AND EXCLUSIONS
                    TABLE 3 HIGH SPEED ENGINE MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 MARKETS COVERED
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
           FIGURE 1 HIGH-SPEED ENGINE MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 SCOPE
           FIGURE 2 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING  DEMAND FOR HIGH-SPEED ENGINES
    2.4 MARKET SIZE ESTIMATION
           2.4.1 DEMAND-SIDE ANALYSIS
                    FIGURE 3 HIGH-SPEED ENGINE MARKET: REGION-WISE ANALYSIS
                    2.4.1.1 Calculation for demand-side analysis
                    2.4.1.2 Key assumptions while calculating demand-side market size
           2.4.2 SUPPLY-SIDE ANALYSIS
                    FIGURE 4 HIGH-SPEED ENGINE MARKET: SUPPLY-SIDE ANALYSIS
                    2.4.2.1 Calculations for supply-side analysis
                               FIGURE 5 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF HIGH-SPEED ENGINES
                    2.4.2.2 Assumptions while calculating supply-side market size
                               FIGURE 6 COMPANY REVENUE ANALYSIS, 2019
           2.4.3 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 44)
    3.1 SCENARIO ANALYSIS
           FIGURE 7 SCENARIO ANALYSIS: HIGH-SPEED ENGINE MARKET, 2019–2026
           3.1.1 OPTIMISTIC SCENARIO
           3.1.2 REALISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
                    TABLE 4 HIGH-SPEED ENGINE MARKET SNAPSHOT
                    FIGURE 8 1000–1500 RPM SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF HIGH-SPEED ENGINE MARKET, BY SPEED, DURING FORECAST PERIOD
                    FIGURE 9 1–2 MW SEGMENT TO DOMINATE HIGH-SPEED ENGINE MARKET BY 2026
                    FIGURE 10 POWER GENERATION TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF HIGH-SPEED ENGINE MARKET, BY END USER, THROUGHOUT FORECAST PERIOD
                    FIGURE 11 NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN HIGH-SPEED ENGINE MARKET DURING 2021–2026

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES IN HIGH-SPEED ENGINE MARKET
           FIGURE 12 INCREASING DEMAND FOR BACKUP POWER SOLUTIONS AND RISING MARITIME FREIGHT TRANSPORT ARE EXPECTED TO DRIVE MARKET GROWTH DURING 2021–2026
    4.2 HIGH-SPEED ENGINE MARKET, BY REGION
           FIGURE 13 HIGH-SPEED ENGINE MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 HIGH-SPEED ENGINE MARKET, BY SPEED
           FIGURE 14 1000–1500 RPM SEGMENT HELD LARGEST SHARE OF MARKET IN 2020
    4.4 HIGH-SPEED ENGINE MARKET, BY POWER OUTPUT
           FIGURE 15 1–2 MW SEGMENT HELD LARGEST SHARE OF MARKET IN 2020
    4.5 HIGH-SPEED ENGINE MARKET, BY END USER
           FIGURE 16 POWER GENERATION HELD LARGEST SHARE OF MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 17 COVID-19 GLOBAL PROPAGATION
           FIGURE 18 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 GLOBAL ROAD TO RECOVERY FROM COVID-19
           FIGURE 19 GLOBAL RECOVERY ROAD FROM COVID-19 FROM 2020 TO 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 20 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
           FIGURE 21 HIGH-SPEED ENGINE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Rising demand for reliable and uninterrupted power to drive the market for backup power generation
                               FIGURE 22 GLOBAL ELECTRICITY DEMAND, BY SECTOR, 2018–2040
                    5.5.1.2 Growth in international marine freight transport to create demand for marine high-speed engines
                               FIGURE 23 GLOBAL SEA FREIGHT TRANSPORT, 2008–2019 (MILLION TON)
                    5.5.1.3 Growth in maritime tourism to aid the market growth of marine high-speed engines
                               FIGURE 24 GLOBAL SEA PASSENGERS TRANSPORT, 2009–2019 (MILLION)
           5.5.2 RESTRAINTS
                    5.5.2.1 High fuel and operation & maintenance costs of high-speed engines compared to new emerging technologies can be a restraint
                    5.5.2.2 Dependence on heavy fuel as primary fuel for marine high-speed engines can act as a restraint
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Growing trend of distributed power generation presents new opportunities for high-speed engines
           5.5.4 CHALLENGES
                    5.5.4.1 Implementation of stricter emission regulations can create a challenge for market growth of high-speed engines
                               TABLE 5 TIER-4 EMISSION STANDARDS: ENGINES ABOVE 560 KW, G/KWH
                    5.5.4.2 Fluctuations in oil & gas price can be a challenge for growth of marine high-speed engines
    5.6 YC-SHIFT
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS
                    FIGURE 25 REVENUE SHIFT FOR HIGH-SPEED ENGINES
    5.7 MARKET MAP
           FIGURE 26 MARKET MAP FOR HIGH-SPEED ENGINES
    5.8 AVERAGE SELLING PRICE TREND
           FIGURE 27 AVERAGE SELLING PRICE OF HIGH-SPEED ENGINES
    5.9 SUPPLY CHAIN ANALYSIS
           FIGURE 28 HIGH-SPEED ENGINE SUPPLY CHAIN ANALYSIS
           5.9.1 RAW MATERIAL SUPPLIERS
           5.9.2 MANUFACTURERS
           5.9.3 DISTRIBUTORS
           5.9.4 END USERS
                    TABLE 6 HIGH SPEED ENGINE MARKET: SUPPLY CHAIN
    5.10 TECHNOLOGY ANALYSIS
    5.11 TRADE DATA STATISTICS
                    TABLE 7 COUNTRY-WISE IMPORT, 2018 & 2019, USD MILLION
                    TABLE 8 COUNTRY-WISE EXPORT, 2018 & 2019, USD MILLION
    5.12 HIGH-SPEED ENGINES: TARIFFS AND REGULATIONS
    5.13 CASE STUDY ANALYSIS
           5.13.1 USE OF HIGH-SPEED ENGINES BY DOEKSEN IN NETHERLANDS TO REDUCE EMISSIONS TO MINIMUM, FEBRUARY 2019
                    5.13.1.1 Problem Statement
                    5.13.1.2 Solution
    5.14 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 9 HIGH-SPEED ENGINE MARKET: PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 29 PORTER’S FIVE FORCES ANALYSIS
           5.14.1 THREAT OF SUBSTITUTES
           5.14.2 BARGAINING POWER OF SUPPLIERS
           5.14.3 BARGAINING POWER OF BUYERS
           5.14.4 THREAT OF NEW ENTRANTS
           5.14.5 DEGREE OF COMPETITION

6 HIGH-SPEED ENGINE MARKET, BY SPEED (Page No. - 72)
    6.1 INTRODUCTION
           FIGURE 30 1000–1500 RPM SEGMENT ACCOUNTED FOR LARGEST SHARE OF MARKET, IN TERMS OF VALUE, IN 2020
           TABLE 10 HIGH-SPEED ENGINE MARKET, BY SPEED, 2019–2026 (USD MILLION)
           TABLE 11 HIGH-SPEED ENGINE MARKET, BY SPEED, 2019–2026 (UNITS)
    6.2 1000–1500 RPM
           6.2.1 RISING DEMAND FROM POWER GENERATION AND MARINE END USERS TO FUEL DEMAND FOR HIGH-SPEED ENGINES IN THIS RANGE
                    TABLE 12 1000–1500 RPM: MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.3 1500–1800 RPM
           6.3.1 SURGING DEMAND FROM POWER GENERATION AND MARINE END USERS TO PROPEL DEMAND FOR HIGH-SPEED ENGINES OF THIS SPEED RANGE
                    TABLE 13 1500–1800 RPM: MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.4 ABOVE 1800 RPM
           6.4.1 GROWING DEMAND FROM MARINE END USERS IS EXPECTED TO DRIVE MARKET GROWTH FOR THIS SEGMENT
                    TABLE 14 ABOVE 1800 RPM: MARKET, BY REGION, 2019–2026 (USD MILLION)

7 HIGH-SPEED ENGINE MARKET, BY POWER OUTPUT (Page No. - 77)
    7.1 INTRODUCTION
           FIGURE 31 1–2 MW SEGMENT ACCOUNTED FOR LARGEST SHARE OF MARKET, IN TERMS OF VALUE, IN 2020
           TABLE 15 MARKET, BY POWER OUTPUT, 2019–2026 (USD MILLION)
           TABLE 16 MARKET, BY POWER OUTPUT, 2019–2026 (UNITS)
    7.2 0.5–1 MW
           7.2.1 INCREASED DEMAND FOR GENERATORS IN COMMERCIAL APPLICATIONS TO FUEL DEMAND FOR HIGH-SPEED ENGINES
                    TABLE 17 0.5–1 MW: MARKET, BY REGION, 2019–2026 (USD MILLION)
    7.3 1–2 MW
           7.3.1 SURGING DEMAND FROM POWER GENERATION AND MARINE END USERS TO DRIVE DEMAND FOR HIGH-SPEED ENGINES
                    TABLE 18 1–2 MW: MARKET, BY REGION, 2019–2026 (USD MILLION)
    7.4 2–4 MW
           7.4.1 GROWING DEMAND FOR HIGH-SPEED ENGINES FOR BACKUP POWER SOLUTIONS AND LARGE MARINE VESSELS TO DRIVE ENGINE MARKET GROWTH
                    TABLE 19 2–4 MW: MARKET, BY REGION, 2019–2026 (USD MILLION)
    7.5 ABOVE 4 MW
           7.5.1 SUSTAINING DEMAND IN ASIA PACIFIC IS EXPECTED TO DRIVE MARKET GROWTH FOR THIS SEGMENT
                    TABLE 20 ABOVE 4 MW: MARKET, BY REGION, 2019–2026 (USD MILLION)

8 HIGH-SPEED ENGINE MARKET, BY END USER (Page No. - 84)
    8.1 INTRODUCTION
           FIGURE 32 POWER GENERATION SEGMENT ACCOUNTED FOR LARGEST SHARE OF MARKET, IN TERMS OF VALUE, IN 2020
           TABLE 21 HIGH-SPEED ENGINE MARKET, BY END USER, 2019–2026 (USD MILLION)
           TABLE 22 HIGH-SPEED ENGINE MARKET, BY END USER, 2019–2026 (UNITS)
    8.2 POWER GENERATION
           8.2.1 INCREASED REQUIREMENT FOR RELIABLE AND CONTINUOUS POWER SUPPLY TO FUEL DEMAND FOR HIGH-SPEED ENGINES
                    TABLE 23 POWER GENERATION: MARKET, BY REGION, 2019–2026 (USD MILLION)
    8.3 MARINE
           8.3.1 GROWING NUMBER OF COMMERCIAL VESSELS FOR MARITIME FREIGHT TRANSPORT IS DRIVING DEMAND FOR HIGH-SPEED ENGINES
                    TABLE 24 MARINE: MARKET, BY REGION, 2019–2026 (USD MILLION)
    8.4 RAILWAY
           8.4.1 RAILWAY ELECTRIFICATION TO ACT AS CHALLENGE FOR MARKET GROWTH
                    TABLE 25 RAILWAY: MARKET, BY REGION, 2019–2026 (USD MILLION)
    8.5 MINING AND OIL & GAS
           8.5.1 INCREASING OIL & GAS OPERATIONS ARE EXPECTED TO DRIVE MARKET GROWTH
                    TABLE 26 MINING AND OIL & GAS: MARKET, BY REGION, 2019–2026 (USD MILLION)
    8.6 OTHERS
           TABLE 27 OTHERS: MARKET, BY REGION, 2019–2026 (USD MILLION)

9 HIGH-SPEED ENGINE MARKET, BY REGION (Page No. - 91)
    9.1 INTRODUCTION
           FIGURE 33 REGIONAL SNAPSHOT: NORTH AMERICAN MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           FIGURE 34 HIGH-SPEED ENGINE MARKET SHARE (VALUE), BY REGION, 2020
           TABLE 28 MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
           TABLE 29 MARKET SIZE, BY REGION, 2019–2026 (UNITS)
    9.2 NORTH AMERICA
           9.2.1 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA
                    TABLE 30 NORTH AMERICA: MARKET, SCENARIO ANALYSIS,  2019–2026 (USD MILLION)
                    FIGURE 35 NORTH AMERICA: MARKET: COVID-19 IMPACT
                    FIGURE 36 NORTH AMERICA: MARKET SNAPSHOT
                    TABLE 31 NORTH AMERICA: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                    TABLE 32 NORTH AMERICA: HIGH-SPEED ENGINE MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    TABLE 33 NORTH AMERICA: MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
                    TABLE 34 NORTH AMERICA: HIGH-SPEED ENGINE MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.2.1.1 US
                               9.2.1.1.1 Growing maritime industry, shale gas developments, and need for reliable back up power are major factors for rise in demand for high-speed engines
                                             TABLE 35 US: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                               TABLE 36 US: MARKET SIZE, BY POWER OUTPUT, 2018–2025 (USD MILLION)
                    9.2.1.2 Canada
                               9.2.1.2.1 Increasing demand for high-speed engines in marine, mining, and oil & gas industries is likely to propel market growth
                                             TABLE 37 CANADA: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2018–2025 (USD MILLION)
                                             TABLE 38 CANADA: MARKET SIZE, BY POWER OUTPUT, 2018–2025 (USD MILLION)
                    9.2.1.3 Mexico
                               9.2.1.3.1 Rising growth of industrial sector and energy requirements are likely to boost demand for high-speed engines
                                             TABLE 39 MEXICO: MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                                             TABLE 40 MEXICO: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
    9.3 ASIA PACIFIC
           9.3.1 IMPACT OF COVID-19 ON MARKET IN ASIA PACIFIC
                    TABLE 41 ASIA PACIFIC: MARKET, SCENARIO ANALYSIS,  2019–2026 (USD MILLION)
                    FIGURE 37 ASIA PACIFIC: HIGH-SPEED ENGINE UNIT MARKET: COVID-19 IMPACT
                    FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
                    TABLE 42 ASIA PACIFIC: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                    TABLE 43 ASIA PACIFIC: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    TABLE 44 ASIA PACIFIC: MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
                    TABLE 45 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.3.1.1 China
                               9.3.1.1.1 Long-term industrial growth and increased demand for energy to create growth opportunities
                                             TABLE 46 CHINA: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 47 CHINA: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.3.1.2 India
                               9.3.1.2.1 Increased demand for electricity and electrification coupled with fast-growing shipbuilding industry to enhance market growth
                                             TABLE 48 INDIA: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 49 INDIA: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.3.1.3 Australia
                               9.3.1.3.1 Increased expenditure in mining industry and growing commercial vessels to drive market
                                             TABLE 50 AUSTRALIA: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 51 AUSTRALIA: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.3.1.4 Japan
                               9.3.1.4.1 Japan’s thriving shipbuilding industry and growing demand for reliable backup power generation to accelerate market growth
                                             TABLE 52 JAPAN: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 53 JAPAN: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    9.3.1.5 Singapore
                               9.3.1.5.1 Growing demand for reliable backup power generation and shipbuilding to drive market
                                             TABLE 54 SINGAPORE: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 55 SINGAPORE: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.3.1.6 Indonesia
                               9.3.1.6.1 Surging demand for backup power solutions to prevent loss of production due to blackouts
                                             TABLE 56 INDONESIA: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 57 INDONESIA: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    9.3.1.7 Bangladesh
                               9.3.1.7.1 Thriving shipbuilding industry and increased demand for generator sets
                                             TABLE 58 BANGLADESH: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 59 BANGLADESH: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    9.3.1.8 Mongolia
                               9.3.1.8.1 Sustained demand for engine-powered generators for off-grid applications
                                             TABLE 60 MONGOLIA: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 61 MONGOLIA: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.3.1.9 Rest of Asia Pacific
                               TABLE 62 REST OF ASIA PACIFIC: MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                               TABLE 63 REST OF ASIA PACIFIC: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
    9.4 SOUTH AMERICA
           9.4.1 IMPACT OF COVID-19 ON MARKET IN SOUTH AMERICA
                    TABLE 64 SOUTH AMERICA: MARKET, SCENARIO ANALYSIS,  2019–2026 (USD MILLION)
                    FIGURE 39 SOUTH AMERICA: HIGH-SPEED ENGINE UNIT MARKET: COVID-19 IMPACT
                    TABLE 65 SOUTH AMERICA: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                    TABLE 66 SOUTH AMERICA: HIGH SPEED ENGINE MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    TABLE 67 SOUTH AMERICA: MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
                    TABLE 68 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.4.1.1 Brazil
                               9.4.1.1.1 Oil & gas investments and increasing demand for backup power generation to boost growth
                                             TABLE 69 BRAZIL: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 70 BRAZIL: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.4.1.2 Argentina
                               9.4.1.2.1 Large-scale power outages and increased naval budget to drive market
                                             TABLE 71 ARGENTINA: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                                             TABLE 72 ARGENTINA: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.4.1.3 Chile
                               9.4.1.3.1 Increased infrastructure expenditure and demand for backup power solutions to drive market
                                             TABLE 73 CHILE: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 74 CHILE: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.4.1.4 Rest of South America
                               TABLE 75 REST OF SOUTH AMERICA: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                               TABLE 76 REST OF SOUTH AMERICA: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
    9.5 EUROPE
           9.5.1 IMPACT OF COVID-19 ON MARKET IN EUROPE
                    TABLE 77 EUROPE: MARKET, SCENARIO ANALYSIS, 2019–2026 (USD MILLION)
                    FIGURE 40 EUROPE: HIGH-SPEED ENGINE UNIT MARKET: COVID-19 IMPACT
                    TABLE 78 EUROPE: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                    TABLE 79 EUROPE: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    TABLE 80 EUROPE: MARKET SIZE, BY END USER, 2019–2026 (USD MILLION)
                    TABLE 81 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.5.1.1 Germany
                               9.5.1.1.1 Rising data center investments and increased manufacturing sector investments to boost market growth
                                             TABLE 82 GERMANY: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 83 GERMANY: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.5.1.2 UK
                               9.5.1.2.1 Increasing demand for emergency backup power solutions for critical loads to drive market
                                             TABLE 84 UK: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 85 UK: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.5.1.3 Russia
                               9.5.1.3.1 Increased oil & gas investments and steady growth of Russian marine fleet to boost demand
                                             TABLE 86 RUSSIA: MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                                             TABLE 87 RUSSIA: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.5.1.4 France
                               9.5.1.4.1 Rising foreign direct investments in manufacturing sector and sustained growth of marine shipbuilding industry to accelerate growth
                                             TABLE 88 FRANCE: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 89 FRANCE: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.5.1.5 Italy
                               9.5.1.5.1 Surging demand for reliable backup power solutions to boost market growth
                                             TABLE 90 ITALY: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 91 ITALY: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    9.5.1.6 Belarus
                               9.5.1.6.1 Increased use of diesel and gas generators for standby power generation to drive market growth
                                             TABLE 92 BELARUS: MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 93 BELARUS: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.5.1.7 Kazakhstan
                               9.5.1.7.1 Rising investments in Mining and Oil & Gas industry to accelerate demand for high-speed engines
                                             TABLE 94 KAZAKHSTAN: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 95 KAZAKHSTAN: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    9.5.1.8 Rest of Europe
                               TABLE 96 REST OF EUROPE: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                               TABLE 97 REST OF EUROPE: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA
           9.6.1 IMPACT OF COVID-19 ON MARKET IN MIDDLE EAST & AFRICA
                    TABLE 98 MIDDLE EAST & AFRICA: MARKET, SCENARIO ANALYSIS,  2019–2026 (USD MILLION)
                    FIGURE 41 MIDDLE EAST & AFRICA: HIGH-SPEED ENGINE UNIT MARKET: COVID-19 IMPACT
                    TABLE 99 MIDDLE EAST & AFRICA: MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                    TABLE 100 MIDDLE EAST & AFRICA: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    TABLE 101 MIDDLE EAST & AFRICA: MARKET SIZE, BY END USER,  2019–2026 (USD MILLION)
                    TABLE 102 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY,  2019–2026 (USD MILLION)
                    9.6.1.1 Saudi Arabia
                               9.6.1.1.1 Growth of oil & gas industry to propel market growth
                                             TABLE 103 SAUDI ARABIA: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                                             TABLE 104 SAUDI ARABIA: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    9.6.1.2 UAE
                               9.6.1.2.1 Infrastructure growth and high influx of foreign direct investments to fuel demand
                                             TABLE 105 UAE: MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                                             TABLE 106 UAE: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.6.1.3 Iran
                               9.6.1.3.1 Engine-powered generator sets for backup power solutions and investments toward shipbuilding to drive demand
                                             TABLE 107 IRAN: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 108 IRAN: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.6.1.4 Turkey
                               9.6.1.4.1 Increasing exports of ships and yachts globally to drive market
                                             TABLE 109 TURKEY: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 110 TURKEY: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    9.6.1.5 Qatar
                               9.6.1.5.1 Large-scale investments by marine end users to drive demand
                                             TABLE 111 QATAR: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 112 QATAR: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.6.1.6 Oman
                               9.6.1.6.1 Large-scale investments by marine end users to boost demand
                                             TABLE 113 OMAN: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED, 2019–2026 (USD MILLION)
                                             TABLE 114 OMAN: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)
                    9.6.1.7 South Africa
                               9.6.1.7.1 Surging demand for backup power solutions to mitigate power outages and blackouts is expected to drive market
                                             TABLE 115 SOUTH AFRICA: HIGH-SPEED ENGINE MARKET SIZE, BY SPEED,   2019–2026 (USD MILLION)
                                             TABLE 116 SOUTH AFRICA: MARKET SIZE, BY POWER OUTPUT,  2019–2026 (USD MILLION)
                    9.6.1.8 Rest of Middle East
                               TABLE 117 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY SPEED,  2019–2026 (USD MILLION)
                                             TABLE 118 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY POWER OUTPUT, 2019–2026 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 146)
     10.1 OVERVIEW
               FIGURE 42 KEY DEVELOPMENTS IN HIGH-SPEED ENGINE MARKET DURING 2017–2020
     10.2 MARKET SHARE OF KEY PLAYERS, 2019
               FIGURE 43 SHARE ANALYSIS OF TOP PLAYERS IN MARKET, 2019
     10.3 RANKING AND REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
               FIGURE 44 RANKING OF TOP PLAYERS IN MARKET, 2019
               FIGURE 45 REVENUE ANALYSIS OF HIGH-SPEED ENGINE MANUFACTURERS, 2019
     10.4 MARKET EVALUATION FRAMEWORK
               TABLE 119 MARKET EVALUATION FRAMEWORK
     10.5 COMPETITIVE SCENARIO
               TABLE 120 MARKET: PRODUCT LAUNCHES, JANUARY 2018−FEBRUARY 2021
               TABLE 121 MARKET: DEALS, JANUARY 2018−FEBRUARY 2021
     10.6 COMPANY EVALUATION QUADRANT
             10.6.1 STAR
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE
             10.6.4 PARTICIPANTS
                       FIGURE 46 COMPETITIVE LEADERSHIP MAPPING: MARKET, 2019
             10.6.5 PRODUCT FOOTPRINT
                       TABLE 122 COMPANY PRODUCT FOOTPRINT
                       TABLE 123 COMPANY INDUSTRY FOOTPRINT
                       TABLE 124 COMPANY PRODUCT TYPE FOOTPRINT
                       TABLE 125 COMPANY REGION FOOTPRINT

11 COMPANY PROFILES (Page No. - 159)
     11.1 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent developments, MnM view, Key strategies/right to win, Strategic choices made, and Weaknesses and competitive threats)*
             11.1.1 CATERPILLAR
                       TABLE 126 CATERPILLAR: BUSINESS OVERVIEW
                       FIGURE 47 CATERPILLAR: COMPANY SNAPSHOT
                       TABLE 127 CATERPILLAR: PRODUCTS OFFERED
             11.1.2 CUMMINS
                       TABLE 128 CUMMINS: BUSINESS OVERVIEW
                       FIGURE 48 CUMMINS: COMPANY SNAPSHOT
                       TABLE 129 CUMMINS: PRODUCTS OFFERED
             11.1.3 ROLLS-ROYCE HOLDINGS
                       TABLE 130 ROLLS-ROYCE HOLDINGS: BUSINESS OVERVIEW
                       FIGURE 49 ROLLS-ROYCE HOLDINGS: COMPANY SNAPSHOT
                       TABLE 131 ROLLS-ROYCE HOLDINGS: PRODUCTS OFFERED
             11.1.4 MAN SE
                       TABLE 132 MAN SE: BUSINESS OVERVIEW
                       FIGURE 50 MAN SE: COMPANY SNAPSHOT
                       TABLE 133 MAN SE: PRODUCTS OFFERED
             11.1.5 VOLVO PENTA
                       TABLE 134 VOLVO PENTA: BUSINESS OVERVIEW
                       FIGURE 51 VOLVO PENTA: COMPANY SNAPSHOT
                       TABLE 135 VOLVO PENTA: PRODUCTS OFFERED
             11.1.6 WEICHAI POWER
                       TABLE 136 WEICHAI POWER: BUSINESS OVERVIEW
                       FIGURE 52 WEICHAI POWER: COMPANY SNAPSHOT
                       TABLE 137 WEICHAI POWER: PRODUCTS OFFERED
             11.1.7 WARTSILA
                       TABLE 138 WARTSILA: BUSINESS OVERVIEW
                       FIGURE 53 WARTSILA: COMPANY SNAPSHOT
                       TABLE 139 WARTSILA: PRODUCTS OFFERED
             11.1.8 HYUNDAI HEAVY INDUSTRIES
                       TABLE 140 HYUNDAI HEAVY INDUSTRIES: BUSINESS OVERVIEW
                       FIGURE 54 HYUNDAI HEAVY INDUSTRIES: COMPANY SNAPSHOT
                       TABLE 141 HYUNDAI HEAVY INDUSTRIES: PRODUCTS OFFERED
             11.1.9 MITSUBISHI HEAVY INDUSTRIES ENGINE & TURBOCHARGERS
                       TABLE 142 MITSUBISHI HEAVY INDUSTRIES ENGINE & TURBOCHARGERS: BUSINESS OVERVIEW
                       TABLE 143 MITSUBISHI HEAVY INDUSTRIES ENGINE & TURBOCHARGERS: PRODUCTS OFFERED
               11.1.10 DOOSAN INFRACORE
                                   TABLE 144 DOOSAN INFRACORE: BUSINESS OVERVIEW
                                   FIGURE 55 DOOSAN INFRACORE: COMPANY SNAPSHOT
                                   TABLE 145 DOOSAN INFRACORE: PRODUCTS OFFERED
               11.1.11 YANMAR HOLDINGS
                                   TABLE 146 YANMAR HOLDINGS: BUSINESS OVERVIEW
                                   FIGURE 56 YANMAR HOLDINGS: COMPANY SNAPSHOT
                                   TABLE 147 YANMAR HOLDINGS: PRODUCTS OFFERED
               11.1.12 KOHLER
                                   TABLE 148 KOHLER: BUSINESS OVERVIEW
                                   TABLE 149 KOHLER: PRODUCTS OFFERED
               11.1.13 ANGLO BELGIAN CORPORATION
                                   TABLE 150 ANGLO BELGIAN CORPORATION: BUSINESS OVERVIEW
                                   TABLE 151 ANGLO BELGIAN CORPORATION : PRODUCTS OFFERED
               11.1.14 IHI POWER SYSTEMS
                                   TABLE 152 IHI POWER SYSTEMS: BUSINESS OVERVIEW
                                   TABLE 153 IHI POWER SYSTEMS: PRODUCTS OFFERED
               11.1.15 DEUTZ
                                   TABLE 154 DEUTZ: BUSINESS OVERVIEW
                                   FIGURE 57 DEUTZ: COMPANY SNAPSHOT
                                   TABLE 155 DEUTZ: PRODUCTS OFFERED
               11.1.16 JOHN DEERE
                                   TABLE 156 JOHN DEERE: BUSINESS OVERVIEW
                                   FIGURE 58 JOHN DEERE: COMPANY SNAPSHOT
                                   TABLE 157 JOHN DEERE: PRODUCTS OFFERED
     11.2 OTHER PLAYERS
             11.2.1 GUANGZHOU DIESEL ENGINE FACTORY
             11.2.2 DAIHATSU DIESEL MFG
             11.2.3 FPT INDUSTRIAL
             11.2.4 CNPC JICHAI POWER COMPANY LIMITED
             11.2.5 LIEBHERR

*Details on Business overview, Products/solutions/services offered, Recent developments, MnM view, Key strategies/right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 203)
     12.1 INSIGHTS OF INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the high-speed engine market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, Diesel & Gas Turbine Magazine and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global high-speed engine market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The high-speed engine market comprises several stakeholders, such as end-product manufacturers, service providers, and end-users in the supply chain. This market's demand-side is characterized by its end-users, such as power generation, marine, railway, mining and oil & gas among others. The supply-side is characterized by high-speed engine manufacturers and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

High-Speed Engine Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global high-speed engine market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The industry and market's key players have been identified through extensive secondary research, and their market share in the respective regions has been determined through both primary and secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global High-speed engine Market Size: Bottom-Up Approach

High-Speed Engine Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define and describe the global high-speed engine market by speed, power output, end user, and region.
  • To provide detailed information about the major factors influencing the market (drivers, restraints, opportunities, and industry-specific challenges).
  • To strategically analyze the global market with respect to individual growth trends, future expansions, and each segment's contribution to the market.
  • The impact of the COVID-19 pandemic on the market has been analyzed to estimate the market size.
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders.
  • To forecast the growth of the global market with respect to the main regions (Asia Pacific, North America, Europe, Middle East & Africa, and South America).
  • To profile and rank key players and comprehensively analyze their market share.
  • To analyze competitive developments such as contracts & agreements, product launches, and mergers & acquisitions in the high-speed engine market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the High-Speed Engine Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the High-Speed Engine Market

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