Global Engine, Turbine and Power Transmission Equipment Market Growth 2025-2031

The global Engine, Turbine and Power Transmission Equipment market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

Engine, turbine and power transmission equipment are machines that produce, convert, or transmit mechanical energy. They include internal combustion engines (except automotive gasoline and aircraft), turbines and turbine generator sets, speed changers, industrial high-speed drives, gears, and other power transmission equipment. These machines are used for various purposes, such as generating electricity, powering vehicles, machines, and equipment, and regulating speed and torque.

The future market trends of engine, turbine and power transmission equipment are influenced by the increasing demand for clean and renewable energy, the development of smart and connected technologies, and the growth of emerging markets. Some of the key trends are:The adoption of modular turbine designs that reduce installation time and cost, and offer flexibility and scalability for different power needs.The integration of artificial intelligence, cloud computing, and internet of things (IoT) to enhance the performance, efficiency, and reliability of engine, turbine and power transmission equipment.The innovation of new materials, coatings, and cooling systems that improve the durability, resistance, and lifespan of engine, turbine and power transmission equipment.The expansion of the market in Asia-Pacific, especially China and India, where there is a high demand for power generation, industrialization, and urbanization.

LP Information, Inc. (LPI) ' newest research report, the “Engine, Turbine and Power Transmission Equipment Industry Forecast” looks at past sales and reviews total world Engine, Turbine and Power Transmission Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Engine, Turbine and Power Transmission Equipment sales for 2025 through 2031. With Engine, Turbine and Power Transmission Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Engine, Turbine and Power Transmission Equipment industry.

This Insight Report provides a comprehensive analysis of the global Engine, Turbine and Power Transmission Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Engine, Turbine and Power Transmission Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Engine, Turbine and Power Transmission Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Engine, Turbine and Power Transmission Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Engine, Turbine and Power Transmission Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Engine, Turbine and Power Transmission Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Turbine and Turbine Generator Set Units
Mechanical Power Transmission Equipment
Speed Changer
Industrial High-speed Drive
Gear manufacturing
Others

Segmentation by Application:
Manufacturing
Construction
Chemical
Electrical
Aeronautics and Astronautics
Defence
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Engine, Turbine and Power Transmission Equipment market?

What factors are driving Engine, Turbine and Power Transmission Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Engine, Turbine and Power Transmission Equipment market opportunities vary by end market size?

How does Engine, Turbine and Power Transmission Equipment break out by Type, by Application?

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