The Business Research Company’s global engine, turbine, and power transmission equipment manufacturing market analysis covers the year-on-year growth of the global engine, turbine, and power transmission equipment manufacturing market historic and forecast growth. It also includes chapters on the engine, turbine, and power transmission equipment manufacturing market trends, geographical analysis, and competitive landscape.
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The global engine, turbine, and power transmission equipment manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 3.5% by 2020.
Engine, Turbine, And Power Transmission Equipment Manufacturing Market Segmentation
According to TBRC’s global engine, turbine, and power transmission equipment manufacturing market research, the market is split by segments into Other Engine Equipment Manufacturing, Turbine and Turbine Generator Set Units Manufacturing, Mechanical Power Transmission Equipment Manufacturing, Speed Changer, Industrial High-Speed Drive and Gear Manufacturing.
Other Engine Equipment Manufacturing was the largest segment in the engine, turbine and power transmission equipment manufacturing market accounting for 50% of the market. This includes establishments mainly involved in manufacturing internal combustion engines including diesel engines, natural gas engines, gasoline engines, motors, locomotive engines, and marine engines.
Turbine and Turbine Generator Set Units Manufacturing was the second largest segment in the engine, turbine and power transmission equipment manufacturing market. This includes establishments mainly involved in manufacturing turbines (except aircraft); and complete turbine generator set units such as steam, hydraulic, gas, and wind.
Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing was the smallest segment in the engine, turbine and power transmission equipment manufacturing market. This includes companies mainly involved in manufacturing industrial high-speed drives (except hydrostatic), gears
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Turbine and Turbine Generator Set Units Manufacturing had the highest CAGR (compound annual growth rate) of around 4% during 2013-2017; it is expected to grow at a CAGR around 5% during 2017-2021
The global engine, turbine, and power transmission equipment manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global Other Engine Equipment Manufacturing, Turbine and Turbine Generator Set Units Manufacturing, Mechanical Power Transmission Equipment Manufacturing, Speed Changer, Industrial High-Speed Drive and Gear Manufacturing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are General Electric Co., Siemens Corporation Caterpillar Inc., Cummins Inc., and Vestas Wind Systems A/S.
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