Turned over: Demand for green turbines may be buoyed as firms invest in clean energy

The Engine and Turbine Manufacturing industry has endured a period of turbulent operating conditions in recent years. Despite efforts to decarbonise the global supply chain as downstream industrial firms attempt to align with emissions reduction targets, which has ultimately supported demand for energy-efficient turbines, import penetration has remained at unprecedented levels throughout the past five years and blighted industry growth. Meanwhile, tough trading conditions in global industrial markets have resulted in severe volatility in the industry's performance. Over the five-year period through 2019-20, industry revenue is forecast to decline at a compound annual rate of 0.9%.In 2019-20, revenue is expected to grow by 3.4% to reach just shy of £8 billion...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • The weak pound since the EU referendum supported demand for UK engines and growth
  • Despite the weak pound, import penetration is expected to have remained high over the period
  • The share of electricity generated from renewable sources is anticipated to continue to grow
  • Industry Report - Industry Analysis Chapter

    The industry has endured turbulent operating conditions. Over the past decade, a global movement to decarbonise the supply chain has gained momentum, and a trend towards clean energy has benefited manufacturers of hydraulic and wind turbines and combined cycle gas turbines (CCGTs). Many downstream industrial firms have upgraded pre-existing capital with more energy-efficient equipment to regulate high energy costs and align with greenhouse gas emission reduction targets. However, buoyancy in alternative energy generation markets has been unable to stem volatility in the industry’s overall performance due to tough trading conditions in the global industrial sector, anomalistic trends in export markets and a slowdown in domestic capital investment since the EU referendum. Des...purchase to read more.

    Additional Insights for the Engine & Turbine Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engine & Turbine Manufacturing Industry are

  • Access to highly skilled workforce
  • Ability to accommodate environmental requirements
  • Access to the latest technology and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Demand from electricity production and Industrial production index in the Engine & Turbine Manufacturing industry impact industry performance..

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    What's in this report

    What is the Engine & Turbine Manufacturing Industry?

    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.

    Industry Products
  • Industrial engines
  • Engine and turbine parts
  • Gas and steam turbines
  • Wind turbines
  • Hydraulic turbines
  • Other engines and turbines
  • Industry Activities
  • Piston and piston ring
  • Carburettor production
  • Inlet valve and exhaust valve
  • Rail and marine engine
  • Wind turbine
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from electricity production
  • Industrial production index
  • Real effective exchange rate
  • Business capital expenditure
  • World price of steel

  • Current Performance
  • Turbulent flow
  • Global competition
  • Renewable energy
  • Chart: Revenue Growth

  • Industry Outlook
  • Propelling growth
  • Global market
  • Research and development
  • Table: Engine & Turbine Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engine & Turbine Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining, Quarrying & Construction Machinery Manufacturing
  • Shipbuilding
  • Electricity Production
  • Renewable Electricity Generation

  • Key Selling Industries
  • Bearing & Gear Manufacturing
  • Iron & Steel Manufacturing
  • Machinery Repair & Maintenance

  • Products & Services
  • Industrial engines
  • Engine and turbine parts
  • Gas and steam turbines
  • Wind turbines
  • Hydraulic turbines
  • Other engines and turbines
  • Chart: Engine & Turbine Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial
  • Utility
  • Agricultural and construction
  • Chart: Major Market Segmentation for the Engine & Turbine Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Engine & Turbine Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engine & Turbine Manufacturing Industry

  • Industry Globalization
    Cummins Ltd, Perkins Engines Company Ltd,
  • Table: Cummins Ltd - financial performance
  • Table: Perkins Engines Company Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Engine & Turbine Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Engine & Turbine Manufacturing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)
  • IT services and related spend (2011-2025)
  • Insurance (2011-2025)
  • Telecommunications (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Combined-cycle gas turbine (CCGT) plants produce electricity from gas turbines and then use the waste heat generated to run a steam turbine.
  • Internal Combustion Engine
  • An engine that extracts energy from a fuel, such as gasoline, through combustion.
  • Piston
  • A moving component generally found in engines that is contained by a cylinder and is made gas-tight by piston rings.
  • Turbine
  • A turbine is a rotator engine that turns energy in the form of flowing fluid (i.e. water or air) into another form of usable energy (i.e. electricity).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Engine & Turbine Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Engine & Turbine Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Engine & Turbine Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Engine & Turbine Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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