Industry Analysis & Industry Trends
The industry has grown modestly over the past five years, although it did contract at the beginning of the period. Revenue is estimated to grow at a compound annual rate of 0.4% over the five years through 2016-17. The replacement of coal- and oil-fired power stations with new gas-fired plants and renewable technologies has positively influenced demand for new 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 high energy prices. Nevertheless, industry growth has been curtailed by fierce import penetration. Exports grew during the past five years and contributed to industry expansion.
In 2016-17, revenue is forecast to grow by 1.5%... purchase to read more
Industry Report - Industry Products Chapter
Engines for industrial applications
The industry manufactures diesel and semi-diesel engines for industrial applications. These range in size from engines that produce under 15 kilowatts to over 1,000 kilowatts. These engines are used as generators in factories and provide power supplies for a range of users. The industry's largest player, Perkins Engines Company Ltd, generates the majority of its revenue in this segment. Weak levels of industrial production activity negatively influenced demand for engines. However, high energy costs and regulations regarding carbon emissions resulted in some industrial firms acquiring more energy-efficient engines. How.. purchase to read more