Learn about the global engine, turbine, and power transmission equipment market through The Business Research Company, which provides information on engine, turbine, and power transmission equipment market size, engine, turbine, and power transmission equipment market drivers and restraints, engine, turbine, and power transmission equipment market players, the COVID-19 impact on the engine, turbine, and power transmission equipment market, and more.

The global engine, turbine, and power transmission equipment market size is expected to grow from $513.1 billion in 2021 to $571.66 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The global engine, turbine, and power transmission equipment market size is expected to grow to $847.08 billion in 2026 at a compound annual growth rate (CAGR) of 10.3%.

The engine, turbine, and power transmission equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries.

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The engine, turbine, and power transmission equipment market consists 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).

Global engine, turbine, and power transmission equipment market segments include:

By Type: Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear  

By Capacity: Small, Medium, Large

By End-Users: Automotive, Manufacturing, Industrial, Other End-Users

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, The Asia Pacific was the largest region in the engine, turbine, and power transmission equipment market in 2021.

Gas turbine and power generation equipment manufacturers are adopting modular turbine designs to reduce onsite works and offer short installation times. The modular turbine design is prefabricated electricity-generating equipment in a factory, packaged to reduce the timeline to construct a power plant. They are reliable and low-cost equipment to reduce construction, design, installation, and delivery times. These modular designs can be prefabricated and delivered not only in gas turbines, but also in other components of power plants such as engine modules, fuel delivery systems, emissions control equipment, heat recovery steam generator (HRSG) modules, generators, pipe racks, and other auxiliary systems.

TBRC’s engine, turbine, and power transmission equipment market report covers:

Major Market Players: Caterpillar Inc, Vestas Wind Systems A/S, Mitsubishi Heavy Industries Ltd, Siemens AG, Goldwind, Doosan Heavy Industries & Construction Co. Ltd, SKF Group, Baker Hughes Co, Cummins Inc, and Nordex SE.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Engine, Turbine, And Power Transmission Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 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, leading competitor revenues, profiles and market shares.

TBRC’s 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.

Here is a list of similar reports from The Business Research Company:

Mechanical Power Transmission Equipment Global Market Report 2022

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