Engine, Turbine And Power Transmission Equipment Market to Witness Huge Growth By 2030 | General Electric Co, Siemens Corporation, Caterpillar Inc, Cummins Inc, Vestas Wind Systems A/S

The Business Research Company offers "Engine, Turbine, And Power Transmission Equipment Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

The global engine, turbine, and power transmission equipment market is expected to decline from $519.7 billion in 2019 to $497 billion in 2020 at a compound annual growth rate (CAGR) of -4.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $616.2 billion in 2023.

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The engine, turbine, and power transmission equipment 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).

Driverless locomotive technology offers control over all the trains and a predefined railroad infrastructure for intelligent navigation. Automated trains are being used to increase the network capacity, effective control and monitor of traffic. These trains use automated systems which optimize their running time, average speed and reliability. For example, 75km long Dubai Metro and Copenhagen Metro are a few examples of automated train network. Also, Australian mining company, Rio Tinto is investing $500 million on the first ever fully automated long distance trains to deliver its iron ores to ports. The CEO of German Railways, Ruediger Grube made an announcement stating that the German railways would be fully automated by 2023, thus indicating high demand for driverless automotive technologies in the forecast period

Engine, Turbine, And Power Transmission Equipment Market Segmentation:
By Type
1.Commercial Internal Combustion Engines
2.Turbine And Turbine Generator Set Units
3.Mechanical Power Transmission Equipment
4.Speed Changer, Industrial High-Speed Drive, And Gear

By Capacity
1.Small
2.Medium

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Engine, Turbine, And Power Transmission Equipment Market Characteristics
4. Engine, Turbine, And Power Transmission Equipment Market Product Analysis
5. Engine, Turbine, And Power Transmission Equipment Market Supply Chain
....
21. Key Mergers And Acquisitions In The Engine, Turbine, And Power Transmission Equipment Market
22. Market Background: Machinery Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the engine, turbine, and power transmission equipment market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the engine, turbine, and power transmission equipment market are General Electric Co, Siemens Corporation, Caterpillar Inc, Cummins Inc, Vestas Wind Systems A/S

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