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2021 Engine, Turbine, And Power Transmission Equipment Market Industry Analysis, Growth, Trends And Forecast To 2030
Engine, Turbine, And Power Transmission Equipment Market
The engine, turbine, and power transmission equipment market report describes and explains the global engine, turbine, and power transmission equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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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). The engine, turbine, and power transmission equipment market is segmented into commercial internal combustion engines; turbine and turbine generator set units; mechanical power transmission equipment; and speed changer, industrial high-speed drive, and gear.
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 of the major players of the engine, turbine, and power transmission equipment market are General Electric Co; Siemens Corporation; Caterpillar Inc; Cummins Inc; Vestas Wind Systems A/S.
The countries covered in the global engine, turbine, and power transmission equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global engine, turbine, and power transmission equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global engine, turbine, and power transmission equipment market is segmented –
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
Read More On The Global Engine, Turbine, And Power Transmission Equipment Market Report:
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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
.....
22.Key Mergers And Acquisitions In The Engine, Turbine, And Power Transmission Equipment Market
23.Market Background: Machinery Manufacturing Market
24.Recommendations
25.Appendix
26.Copyright And Disclaimer
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