Engine, Turbine, And Power Transmission Equipment Global Market Briefing: Covid 19 Impact and Recovery
The global engine, turbine, and power transmission equipment market is expected to decline from $519.6 billion to $494.5 billion in 2020 at a CAGR of -4.85%, this is due to disruption in supply chains and decline in consumption as a result of trade restrictions and lockdowns imposed across countries owing to the COVID-19 outbreak. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of raw materials and components. The market is then expected to recover and grow at a CAGR of 7.27% from 2020 to reach $610.3 billion in 2023.
Engine, Turbine, And Power Transmission Equipment Global Market Briefing: Covid 19 Impact and Recovery provides strategists, marketers and senior management with the critical information they need to assess the global engine, turbine, and power transmission equipment sector.
Reasons to Purchase
Fully updated for 2020 including the impact of the Covid 19/ Novel Coronavirus.
Identify growth segments and opportunities.
Facilitate decision making on the basis of historic and forecast data and key trends
Develop strategies based on likely future developments.
Gain a global perspective on the development of the market.
Engine, Turbine, And Power Transmission Equipment Global Market Briefing: Covid 19 Impact and Recovery from the Business Research Company covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for this market.
The market characteristics section of the report defines and explains the market.
The market size section gives the engine, turbine, and power transmission equipment market revenues, covering both the historic growth of the market and forecasting the future.
Market segmentations break down the key sub sectors which make up the market. The regional breakdowns section gives the size of the market geographically.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last three years are identified.
The trends and strategies section highlights the likely future developments in the Engine, Turbine, And Power Transmission Equipment market and suggests approaches.
Markets Covered: Commercial Internal Combustion Engines; Turbine And Turbine Generator Set Units; Speed Changer, Industrial High-Speed Drive, And Gear; Mechanical Power Transmission Equipment
Companies Mentioned: Siemens AG; Caterpillar Inc.; Mitsubishi Heavy Industries ltd; Vestas Wind Systems A/S; General Electric Company
Geographic scope: Asia Pacific, North America, Western Europe, Eastern Europe, South America, Middle East, Africa
Countries: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, Canada, USA, Mexico, Argentina, Brazil, Chile, Colombia, Peru, Venezuela, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the UK, Czech Republic, Poland, Romania, Russia, Israel, Saudi Arabia, Turkey, UAE, Egypt, Nigeria, South Africa
Time series: Five years historic and forecast.
Data: Market value in $ billions.
Data segmentations: Regional breakdowns, key sub segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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