The Business Research Company’s latest report Engine, Turbine, And Power Transmission Equipment Global Market Report 2020 covers Engine, Turbine, And Power Transmission Equipment market drivers, Engine, Turbine, And Power Transmission Equipment market trends, Engine, Turbine, And Power Transmission Equipment market segments, Engine, Turbine, And Power Transmission Equipment market growth rate, Engine, Turbine, And Power Transmission Equipment market major players, and Engine, Turbine, And Power Transmission Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Engine, Turbine, And Power Transmission Equipment industry, along with revised market numbers due to the effects of the coronavirus.
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Engine, Turbine, And Power Transmission Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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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.
The report covers the Engine, Turbine, And Power Transmission Equipment market’s segments-
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, Others – Mechanical Power Transmission Equipment.
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