The industry has performed relatively well over the past five years. Revenue is estimated to grow at a compound annual rate of 1.2% over the five years through 2015-16. The replacement of coal- and oil-fired power stations with new gas-fired plants and renewable technologies positively influenced demand for turbines and related parts. Meanwhile, demand for engines used for industrial applications remained stable as industrial firms upgraded to more energy-efficient technologies in order to cope with rapidly increasing energy prices during many years.
Companies in this industry manufacture internal combustion engines. The manufacture of steam and other vapour turbines, hydraulic turbines, wind turbines and gas turbines is also included in the industry. In addition, the manufacture of parts such as pistons, piston rings, carburettors and exhaust valves is classified to the industry. The manufacture of motor vehicles, aircraft and cycle engines and generator sets is not included in the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.