Market Overview:
The global engine, turbine and power transmission equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application and region. By type, the market is segmented into turbine and turbine generator set units, mechanical power transmission equipment, speed changer, industrial high-speed drive and gear manufacturing. By application, the market is segmented into manufacturing, construction chemical electrical aeronautics and astronautics defence other). The North America region dominates the global engine turbines & power transmission equipment with a share of 36% in 2017 followed by Europe with 27%. Asia Pacific has emerged as the fastest growing region for engine turbines & power transmission equipments with a CAGR of 6%. Some of the key players in this market are Siemens AG (Germany), General Electric Company (U.S.), ABB Ltd.(Switzerland), Cummins Inc.(U.S.), Woodward Inc.(U.S.
Product Definition:
Engine: A device that converts heat energy into mechanical work by burning fuel.
Turbine: A machine in which the kinetic energy of a fluid is converted into rotational energy.
Power Transmission Equipment: The equipment used to transmit power from one component to another, usually gears, chains, belts or shafts.
Turbine and Turbine Generator Set Units:
Turbine and turbine generator set units are used to convert the energy stored in a reservoir into rotating motion. The working principle of turbines is based on the reaction between moving water and a stationary object, i.e., the blades of a turbine which is driven by feed water or another turbine.
The prime movers for turbines include steam, gas or liquid movement through reciprocating engines, rotors (water wheels), axial flow (direct drive).
Mechanical Power Transmission Equipment:
Mechanical power transmission equipment is used to transmit mechanical energy from one point to another without the use of electrical conductivity. It includes a broad range of devices such as belts, chains, ropes, cables and pulleys among others. The most common form of mechanical power transmission is probably the chain-driven sprocket or gear system which can be found in almost all machinery including cars, bicycles and trucks among others.
Application Insights:
The manufacturing application segment led the global market and accounted for more than 45.0% share of the overall revenue in 2017. The growth can be attributed to an increase in demand for turbines from a wide range of industries, including power generation, oil & gas, pulp and paper, mining and construction.
Construction is one of the major applications that drive the demand for GATEs as they provide reliable services at lower costs when compared with other technologies such as HVAC or electrical drives. Furthermore, favorable government policies related to green buildings coupled with rising awareness regarding energy conservation are expected to augment industry growth over the forecast period. Turbine-driven ventilation systems are widely used across several commercial structures owing to their ability to deliver precise air flow rates while operating at low noise levels without using a lot of electricity like electric drives do.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. The region comprises emerging economies such as China, India, and Japan that are experiencing strong economic growth. Increasing industrialization coupled with growing investments in infrastructure development is anticipated to drive demand for power transmission equipment over the forecast period.
The Middle East & Africa (MEA) region witnessed a considerable rise in demand owing to increasing oil & gas production activities across countries such as Saudi Arabia and UAE. In addition, rising government spending on aerospace programs has led to an increase in power transmission equipment requirements within MEA which will further boost industry growth during the projected time frame.
North America was estimated at USD X million in 2017 and is expected to grow at a CAGR of XX% from 2018 To 2030 owing high product penetration rates of speed changers along with other mechanical components used within industries including construction, chemical processing etc.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rapid urbanization and the consequent need for reliable, efficient and affordable power transmission infrastructure
- Proliferation of electric vehicles which require more powerful and efficient engines, turbines and power transmission equipment
- Stringent environmental regulations that incentivize the use of more fuel-efficient engines, turbines and power transmission equipment
- Technological advancements that result in more powerful, durable and efficient engines, turbines and power transmission equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Engine, Turbine and Power Transmission Equipment Market Research Report
By Type
Turbine and Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-speed Drive, Gear manufacturing, Other
By Application
Manufacturing, Construction, Chemical, Electrical, Aeronautics and Astronautics, Defence, Other
By Companies
General Electric Company, Siemens Corporation, Caterpillar, Cummins, Vestas Wind Systems A/S, Rolls-Royce Plc, Briggs & Stratton Corporation, Regal Beloit Corporation, Altra Industrial Motion, Rexnord Corporation, General Electric Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Engine, Turbine and Power Transmission Equipment Market Report Segments:
The global Engine, Turbine and Power Transmission Equipment market is segmented on the basis of:
Types
Turbine and Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-speed Drive, Gear manufacturing, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Construction, Chemical, Electrical, Aeronautics and Astronautics, Defence, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric Company
- Siemens Corporation, Caterpillar
- Cummins
- Vestas Wind Systems A/S
- Rolls-Royce Plc, Briggs & Stratton Corporation
- Regal Beloit Corporation
- Altra Industrial Motion
- Rexnord Corporation
- General Electric Company
Highlights of The Engine, Turbine and Power Transmission Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Turbine and Turbine Generator Set Units
- Mechanical Power Transmission Equipment
- Speed Changer
- Industrial High-speed Drive
- Gear manufacturing
- Other
- By Application:
- Manufacturing
- Construction
- Chemical
- Electrical
- Aeronautics and Astronautics
- Defence
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Engine, Turbine and Power Transmission Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Engine, turbine and power transmission equipment are all used to convert mechanical energy into electrical energy.
Some of the key players operating in the engine, turbine and power transmission equipment market are General Electric Company, Siemens Corporation, Caterpillar, Cummins, Vestas Wind Systems A/S, Rolls-Royce Plc, Briggs & Stratton Corporation, Regal Beloit Corporation, Altra Industrial Motion, Rexnord Corporation, General Electric Company.
The engine, turbine and power transmission equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Engine, Turbine and Power Transmission Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Engine, Turbine and Power Transmission Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Engine, Turbine and Power Transmission Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Engine, Turbine and Power Transmission Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Engine, Turbine and Power Transmission Equipment Market Size & Forecast, 2018-2028
4.5.1 Engine, Turbine and Power Transmission Equipment Market Size and Y-o-Y Growth
4.5.2 Engine, Turbine and Power Transmission Equipment Market Absolute $ Opportunity
Chapter 5 Global Engine, Turbine and Power Transmission Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Engine, Turbine and Power Transmission Equipment Market Size Forecast by Type
5.2.1 Turbine and Turbine Generator Set Units
5.2.2 Mechanical Power Transmission Equipment
5.2.3 Speed Changer
5.2.4 Industrial High-speed Drive
5.2.5 Gear manufacturing
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Engine, Turbine and Power Transmission Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Engine, Turbine and Power Transmission Equipment Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Construction
6.2.3 Chemical
6.2.4 Electrical
6.2.5 Aeronautics and Astronautics
6.2.6 Defence
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Engine, Turbine and Power Transmission Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Engine, Turbine and Power Transmission Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Engine, Turbine and Power Transmission Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Engine, Turbine and Power Transmission Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Engine, Turbine and Power Transmission Equipment Market Size Forecast by Type
9.6.1 Turbine and Turbine Generator Set Units
9.6.2 Mechanical Power Transmission Equipment
9.6.3 Speed Changer
9.6.4 Industrial High-speed Drive
9.6.5 Gear manufacturing
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Engine, Turbine and Power Transmission Equipment Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Construction
9.10.3 Chemical
9.10.4 Electrical
9.10.5 Aeronautics and Astronautics
9.10.6 Defence
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Engine, Turbine and Power Transmission Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Engine, Turbine and Power Transmission Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Engine, Turbine and Power Transmission Equipment Market Size Forecast by Type
10.6.1 Turbine and Turbine Generator Set Units
10.6.2 Mechanical Power Transmission Equipment
10.6.3 Speed Changer
10.6.4 Industrial High-speed Drive
10.6.5 Gear manufacturing
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Engine, Turbine and Power Transmission Equipment Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Construction
10.10.3 Chemical
10.10.4 Electrical
10.10.5 Aeronautics and Astronautics
10.10.6 Defence
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Engine, Turbine and Power Transmission Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Engine, Turbine and Power Transmission Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Engine, Turbine and Power Transmission Equipment Market Size Forecast by Type
11.6.1 Turbine and Turbine Generator Set Units
11.6.2 Mechanical Power Transmission Equipment
11.6.3 Speed Changer
11.6.4 Industrial High-speed Drive
11.6.5 Gear manufacturing
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Engine, Turbine and Power Transmission Equipment Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Construction
11.10.3 Chemical
11.10.4 Electrical
11.10.5 Aeronautics and Astronautics
11.10.6 Defence
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Engine, Turbine and Power Transmission Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Engine, Turbine and Power Transmission Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Engine, Turbine and Power Transmission Equipment Market Size Forecast by Type
12.6.1 Turbine and Turbine Generator Set Units
12.6.2 Mechanical Power Transmission Equipment
12.6.3 Speed Changer
12.6.4 Industrial High-speed Drive
12.6.5 Gear manufacturing
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Engine, Turbine and Power Transmission Equipment Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Construction
12.10.3 Chemical
12.10.4 Electrical
12.10.5 Aeronautics and Astronautics
12.10.6 Defence
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Engine, Turbine and Power Transmission Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Engine, Turbine and Power Transmission Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Engine, Turbine and Power Transmission Equipment Market Size Forecast by Type
13.6.1 Turbine and Turbine Generator Set Units
13.6.2 Mechanical Power Transmission Equipment
13.6.3 Speed Changer
13.6.4 Industrial High-speed Drive
13.6.5 Gear manufacturing
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Engine, Turbine and Power Transmission Equipment Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Construction
13.10.3 Chemical
13.10.4 Electrical
13.10.5 Aeronautics and Astronautics
13.10.6 Defence
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Engine, Turbine and Power Transmission Equipment Market: Competitive Dashboard
14.2 Global Engine, Turbine and Power Transmission Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric Company
14.3.2 Siemens Corporation, Caterpillar
14.3.3 Cummins
14.3.4 Vestas Wind Systems A/S
14.3.5 Rolls-Royce Plc, Briggs & Stratton Corporation
14.3.6 Regal Beloit Corporation
14.3.7 Altra Industrial Motion
14.3.8 Rexnord Corporation
14.3.9 General Electric Company
