Engine, Turbine, And Power Transmission Equipment Market Analysis 2033

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Engine, Turbine And Power Transmission Equipment
Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Engine, Turbine, And Power Transmission Equipment
Market Segments
The Business Research Company segments its
Engine, Turbine, And Power Transmission Equipment
market report as
Commercial Internal Combustion Engines Turbine
And Turbine Generator Set Units Mechanical Power
Transmission Equipment Speed Changer, Industrial
High-Speed Drive, And Gear
By Type
By Capacity
Small Medium Large
Automotive Manufacturing Industrial Other
End-Users
By End-Users
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Engine, Turbine, And Power Transmission Equipment
Market Statistics
The engine, turbine, and power transmission
equipment market size has grown strongly in
recent years. It will grow from 546.05 billion
in 2023 to 593.61 billion in 2024 at a compound
annual growth rate (CAGR) of 8.7.  It will grow
to 810.87 billion in 2028 at a compound annual
growth rate (CAGR) of 8.1.
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Key Market Drivers And Trends
Drivers
The increasing demand for renewable energy
sources is expected to propel the growth of the
engine, turbine, and power transmission equipment
market
Trends
The Adoption Of Modular Turbine Designs In Gas
Turbine And Power Generation Equipment
Manufacturing
Region
The Asia-Pacific was the largest region in the
engine, turbine, and power transmission equipment
market in 2023.
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Key Market Players
Major players in the Engine, Turbine, And Power
Transmission Equipment Global Market
are Caterpillar Inc., Vestas Wind Systems
A/S, Mitsubishi Heavy Industries Ltd., Siemens
AG, Goldwind. And more.
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