Asia Pacific High-Speed Engine Market Forecast to 2030 - Regional Analysis - by Speed (1,000-1,500 rpm; 1,500-1,800 rpm; and Above 1,800 rpm), Power Output (Less than 2 MW, 2-4 MW, and Above 4 MW), and End User (Marine, Power Generation, Railway, Oil and Gas, and Others)

BMIRE00030979 | Pages: 99 | Energy and Power | Nov 2024 | Type: Regional | Status: Published

The Asia Pacific high-speed engine market was valued at US$ 8,656.12 million in 2022 and is expected to reach US$ 13,062.82 million by 2030; it is estimated to register a CAGR of 5.3% from 2022 to 2030.

Upsurge in Demand for Energy Boosts Asia Pacific High-Speed Engine Market

The rising population and growing urbanization are a few factors boosting the consumption of energy worldwide. According to the data published by ExxonMobil in 2024, the global demand for energy reached approximately 580 quadrillion British thermal units (Btu) in 2021. Further, the demand for energy is also growing in the industrial sector. According to the data published by ExxonMobil in 2024, the global demand for energy reached approximately 580 quadrillion British thermal units (Btu) in 2021. Also, as per the International Energy Agency, in 2022, the industrial sector's energy consumption accounted for 37% of the total energy consumption, compared to 34% in 2002. For instance, India is the third largest energy-consuming country worldwide, after China and the US, owing to growing incomes and improved living standards. India's energy consumption has doubled since 2000. Due to the high demand from the industrial and commercial sectors, the adoption of high-speed engines increased. Also, manufacturers are focused on supplying a strong product portfolio. For instance, in January 2024, Yanmar developed 4 stroke engines for the power generation application. Thus, the upsurge in demand for energy fuels the global market for high-speed engines.

Asia Pacific High-Speed Engine Market Overview

The strong business ecosystem positions China as a manufacturing hub in the global market, which led to increased maritime transportation activities. Increasing cargo volume directly influences the demand for new vessels. Further, China is the world leader in electric vehicle manufacturing. As per the data published by the government in 2023, China exported approximately US$ 600 million worth of battery-powered electric vehicles in April 2021; the number reached US$ 2.6 billion in April 2023. These statistics show the increased demand for transportation activities, ultimately increasing the demand for new vessels. As per the data provided by the Center for Strategic and International Studies in October 2023, the demand for Ro-Ro ships by Chinese transportation service providers has doubled since 2020. By 2025, the new orders for the Ro-Ro ships are projected to reach 60, all placed by the Chinese transportation service provider. Such expansions are leading to an increased usage of high-speed engines in the Ro-Ro ships, ultimately driving the high-speed engine market.

Asia Pacific High-Speed Engine Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific High-Speed Engine Market Revenue and Forecast to 2030 (US$ Million)

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Asia Pacific High-Speed Engine Market Segmentation

The Asia Pacific high-speed engine market is categorized into speed, power output, end user, and country.

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

In terms of power output, the Asia Pacific 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 Asia Pacific high-speed engine market in 2022.

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

Based on country, the Asia Pacific high-speed engine market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific 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 leading companies operating in the Asia Pacific high-speed engine market.

TABLE OF CONTENTS

 

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. Asia Pacific 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 - Asia Pacific 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. Asia Pacific 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. Asia Pacific 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. Asia Pacific 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. Asia Pacific High-Speed Engine Market - Country Analysis

10.1 Asia Pacific

10.1.1 Asia Pacific: High-Speed Engine Market, By Key Country - Revenue 2022 (US$ Million)

10.1.2 Asia Pacific: High-Speed Engine Market - Revenue and Forecast Analysis - by Country

10.1.2.1 Asia Pacific: High-Speed Engine Market - Revenue and Forecast Analysis - by Country

10.1.2.2 Australia: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

10.1.2.2.1 Australia: High-Speed Engine Market Breakdown, by Speed

10.1.2.2.2 Australia: High-Speed Engine Market Breakdown, by Power Output

10.1.2.2.3 Australia: High-Speed Engine Market Breakdown, by End User

10.1.2.3 China: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

10.1.2.3.1 China: High-Speed Engine Market Breakdown, by Speed

10.1.2.3.2 China: High-Speed Engine Market Breakdown, by Power Output

10.1.2.3.3 China: High-Speed Engine Market Breakdown, by End User

10.1.2.4 India: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

10.1.2.4.1 India: High-Speed Engine Market Breakdown, by Speed

10.1.2.4.2 India: High-Speed Engine Market Breakdown, by Power Output

10.1.2.4.3 India: High-Speed Engine Market Breakdown, by End User

10.1.2.5 Japan: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

10.1.2.5.1 Japan: High-Speed Engine Market Breakdown, by Speed

10.1.2.5.2 Japan: High-Speed Engine Market Breakdown, by Power Output

10.1.2.5.3 Japan: High-Speed Engine Market Breakdown, by End User

10.1.2.6 South Korea: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

10.1.2.6.1 South Korea: High-Speed Engine Market Breakdown, by Speed

10.1.2.6.2 South Korea: High-Speed Engine Market Breakdown, by Power Output

10.1.2.6.3 South Korea: High-Speed Engine Market Breakdown, by End User

10.1.2.7 Rest of Asia Pacific: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

10.1.2.7.1 Rest of Asia Pacific: High-Speed Engine Market Breakdown, by Speed

10.1.2.7.2 Rest of Asia Pacific: High-Speed Engine Market Breakdown, by Power Output

10.1.2.7.3 Rest of Asia Pacific: 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

 

 

List of Tables

Table 1. High-Speed Engine Market Segmentation

Table 2. High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Table 3. High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million) - by Speed

Table 4. High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million) - by Power Output

Table 5. High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million) - by End User

Table 6. Asia Pacific: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Country

Table 7. Australia: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Speed

Table 8. Australia: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Power Output

Table 9. Australia: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by End User

Table 10. China: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Speed

Table 11. China: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Power Output

Table 12. China: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by End User

Table 13. India: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Speed

Table 14. India: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Power Output

Table 15. India: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by End User

Table 16. Japan: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Speed

Table 17. Japan: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Power Output

Table 18. Japan: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by End User

Table 19. South Korea: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Speed

Table 20. South Korea: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Power Output

Table 21. South Korea: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by End User

Table 22. Rest of Asia Pacific: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Speed

Table 23. Rest of Asia Pacific: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by Power Output

Table 24. Rest of Asia Pacific: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million) - by End User

 

List of Figures

Figure 1. High-Speed Engine Market Segmentation, by Country

Figure 2. High-Speed Engine Market - Key Market Dynamics

Figure 3. Impact Analysis of Drivers and Restraints

Figure 4. High-Speed Engine Market Revenue (US$ Million), 2020-2030

Figure 5. High-Speed Engine Market Share (%) - by Speed (2022 and 2030)

Figure 6. 1000-1500 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 7. 1500-1800 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 8. Above 1800 rpm: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 9. High-Speed Engine Market Share (%) - by Power Output (2022 and 2030)

Figure 10. Less than 2 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 11. 2-4 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 12. Above 4 MW: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 13. High-Speed Engine Market Share (%) - by End User (2022 and 2030)

Figure 14. Marine: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 15. Power Generation: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 16. Railway: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 17. Oil and Gas: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 18. Others: High-Speed Engine Market - Revenue and Forecast to 2030 (US$ Million)

Figure 19. Asia Pacific: High-Speed Engine Market, By Key Country - Revenue 2022 (US$ Million)

Figure 20. Asia Pacific: High-Speed Engine Market Breakdown, by Key Countries, 2022 and 2030 (%)

Figure 21. Australia: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million)

Figure 22. China: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million)

Figure 23. India: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million)

Figure 24. Japan: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million)

Figure 25. South Korea: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million)

Figure 26. Rest of Asia Pacific: High-Speed Engine Market - Revenue and Forecast to 2030(US$ Million)

Figure 27. Company Positioning & Concentration

Figure 28. Heat Map Analysis

  1. AB Volvo
  2. Caterpillar Inc.
  3. MAN Energy Solutions SE
  4. Mitsubishi Heavy Industries, Ltd.
  5. Rolls-Royce Holdings Plc
  6. Wartsila Corp
  7. Weichai Heavy Machinery Co., Ltd,
  8. YANMAR HOLDINGS Co, Ltd.
  9. Cummins Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific high-speed engine market.
  • Highlights key business priorities to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific high-speed engine market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific high-speed engine market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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