High-speed engines, with rated speeds of 900 to 1,200 revolutions per minute, are used in a few cases in ships, but engines of this class are almost always found in small craft such as tugs, fishing vessels, and high-speed ferries. High-speed engines are characterized by use of technologies that reduce the vibration and allow chemical reactions to take place at less time. A large part of the vibrations that are significant arise from turbomachines.
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Market Growth Leveraged by Technological Advances
The technologies are gaining traction in marine propulsion. High-speed engines are deployed in workboats, fast commercial crafts, patrol boats, and fishing vessels. Advances in propulsion systems aim at attaining an optimal combination of combustion efficiency and the existing electronic control system, thereby shaping the evolution of the high-speed engine market. The use of advanced injector designs have traditionally affected the improvisation of atomization and timing. Other end-use industries in the high-speed engine market are oil and gas, power generation, marine, railway, and mining. A large revenue prospect has come from the application of high-speed engines in backup power generation. The ever-rising demand for electricity generation to meet the pace of industrialization in developing and emerging economies is a key trend in the high-speed engine market. However, constantly changes in regulations pertaining to transportation emission has hampered the prospects of high-speed engine market to an extent.
A great deal of updates have taken place in marine propulsion systems. This also present a new avenue for incumbent players as well new entrants in the high-speed engine market. The stationary power generation and locomotive traction are some of the fast emerging application areas in the high-speed engine market. Automotive manufacturers, OEMs, electronic control system designing companies are increasingly keen on pursuing on unlocking the latent opportunities in these segments. Rise in spending of governments on power generation is a key trend that is likely to keep the high-speed engine market brimming with new opportunities.
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