The engine, turbine, and power transmission equipment manufacturing industry comprises establishments mainly involved in manufacturing turbines, power transmission equipment, and internal combustion engines (except automotive gasoline and aircraft). This industry is also involved in manufacturing 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).
The top five companies covered are General Electric Co, Siemens Corporation, Caterpillar Inc., Cummins Inc. and Vestas Wind Systems A/S. General Electric was the largest company in the engine, turbine, and power transmission equipment manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global engine, turbine, and power transmission equipment manufacturing market was valued at above $688 billion in 2017. Asia Pacific was the largest region in the engine, turbine, and power transmission equipment manufacturing market in 2017, accounting for above 37% market share. China was the largest country in the market in 2017, accounting for above 13% market share.
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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, and Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing.
Other Engine Equipment Manufacturing segment 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 segment includes establishments mainly involved in manufacturing turbines (except aircraft); and complete turbine generator set units such as steam, hydraulic, gas, and wind.
Mechanical Power Transmission Equipment Manufacturing segment includes comprise establishments manufacturing mechanical power transmission equipment (except motor vehicle and aircraft), such as plain bearings, clutches, couplings, joints, and drive chains.
Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing segment includes companies mainly involved in manufacturing industrial high-speed drives (except hydrostatic), gears and speed changers.