Global Engine, Turbine, And Power Transmission Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Engine, Turbine, And Power Transmission Equipment Market Report by The Business Research Company covers engine, turbine, and power transmission equipment market drivers and restraints, engine, turbine, and power transmission equipment market size, major players, and the impact of COVID-19 on the engine, turbine, and power transmission equipment market.
The engine, turbine, and power transmission equipment market consist of sales of engine, turbine, and power transmission equipment by entities (organizations, sole traders or partnerships) that produce turbines, power transmission equipment, and internal combustion engines (except automotive gasoline and aircraft).
The engine, turbine, and power transmission equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The global engine, turbine, and power transmission equipment market is expected to grow from $494.46 billion in 2020 to $516.7 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $712.24 billion in 2025 at a CAGR of 8%.
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Some engine, turbine, and power transmission equipment market trends include manufacturers adopting modular turbine designs to reduce onsite work and offering short installation times. Modular turbine design is a prefabricated electricity generating equipment in a factory, packaged to reduce the timeline to construct a power plant.
Global engine, turbine, and power transmission equipment market segments include:
1) By Type: Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear.
2) By Capacity: Small, Medium, Large.
Subsegments Covered: Diesel Powered Internal Combustion Engines, Gasoline Powered Internal Combustion Engines, Natural Gas-Powered Internal Combustion Engines, Other Powered Internal Combustion Engines, Steam And Gas Turbine, Wind Turbine, Hydro Turbine, Plain Bearings, Joints, Clutches, Couplings, Pulleys, Chains And Sprockets, Other Mechanical Power Transmission Equipment
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global engine, turbine, and power transmission equipment market, accounting for 39% of the market.
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The Engine, Turbine, And Power Transmission Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides engine, turbine, and power transmission equipment market overviews, analyzes and forecasts market size, share, engine, turbine, and power transmission equipment market players, engine, turbine, and power transmission equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The engine, turbine, and power transmission equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Engine, Turbine, And Power Transmission Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: General Electric Co, Siemens Corporation, Caterpillar Inc, Cummins Inc, Vestas Wind Systems A/S
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Engine, Turbine, And Power Transmission Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Engine, Turbine, And Power Transmission Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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