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Engine, Turbine, And Power Transmission Equipment Manufacturing Global Market Report 2019

Starting Price : $ 6000.00 | Pages : 400 | Published : January 2019 | SKU CODE : 5073 | Format :


Engine, Turbine And Power Transmission Equipment Manufacturing Market Characteristics

The engine, turbine, and power transmission equipment manufacturing market consists of sales of turbines, power transmission equipment, and internal combustion engines (except automotive gasoline and aircraft).by entities (organizations, sole traders or partnerships) that produce engine, turbine, and power transmission equipment, including clutches and brakes (except electromagnetic industrial controls, and motor vehicle), diesel and semi diesel engines, electric outboard motors, internal combustion engines for hybrid drive systems (except automotive), plain bearings and bushings (except internal combustion engine), power transmission pulleys, speed changers, speed reducers, turbine generator set units, universal joints (except aircraft,  and motor vehicle).

Competitive Landscape of the Engine, Turbine And Power Transmission Equipment Manufacturing Market

Major players in the global engine, turbine and power transmission equipment manufacturing market include General Electric Company, Siemens Corporation, Caterpillar Inc., Cummins Inc., Vestas Wind Systems A/S, Rolls-Royce Plc, Briggs & Stratton Corporation, Regal Beloit Corporation, Altra Industrial Motion, Rexnord Corporation.

Engine, Turbine And Power Transmission Equipment Manufacturing Market Size  

The engine, turbine and power transmission equipment manufacturing market size is expected to reach $790 billion by 2022, significantly growing at a CAGR of around 3.5% during the forecast period. The growth in the engine, turbine and power transmission equipment manufacturing market is due to increased global economic activity, and investment in the manufacturing industry and low fuel prices.

However, the market for engine, turbine and power transmission equipment manufacturing is expected to face certain restraints from several factors such as regulations surrounding carbon emissions and unstable global metal prices.

Engine, Turbine And Power Transmission Equipment Manufacturing Market Segmentation

The global engine, turbine and power transmission equipment manufacturing market is further segmented based on type and geography.
By Type - The engine, turbine and power transmission equipment manufacturing market is segmented 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, among these segments, the other engine equipment manufacturing market accounts for the largest share in the global engine, turbine and power transmission equipment manufacturing market.
By Geography - The global engine, turbine and power transmission equipment manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific engine, turbine and power transmission equipment manufacturing market accounts the largest share in the global engine, turbine and power transmission equipment manufacturing market.
Trends in the Engine, Turbine And Power Transmission Equipment Manufacturing Market
Driverless locomotive technology, emission reduction technologies and powder metal gear technology are the major trends witnessed in the global engine, turbine and power transmission equipment manufacturing market. Potential Opportunities in the Engine, Turbine And Power Transmission Equipment Manufacturing Market With slowdown in the European, Japanese, and American capital expenditure on industrial machinery, especially from the chemicals manufacturers, oil refineries, transport sector, and wholesale and retail industry, the scope and potential for the global engine, turbine and power transmission equipment manufacturing market is expected to significantly rise in the forecast period.

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