Global Turbocompressor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Turbocompressor Market Report offers in-depth insights, revenue details, and other vital information regarding the global turbocompressor market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.
The Turbocompressor Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global turbocompressor market report has been segmented on the type, application, stage, output pressure, and region.
Turbocompressor Market Overview:
“The Turbocompressor Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Turbocompressors both, axial and centrifugal types are widely used for the compression and injection of gases and offer various benefits which include low noise level and high power density.
Turbocompressor Market Dynamics:
Turbocompressors provides various advantages such as high efficiency of the energy conversion and high reliability, thereby boosting demand for turbocompressor which in turn is expected to drive the growth of the global turbocompressor market over the forecast period.
In addition, increasing adoption of turbocompressors in various end-use industries such as oil & gas, power generation, and chemical industry is expected to propel the growth of the target market over the forecast period.
Technological innovations in turbocompressors by manufacturers operating in the target market are another factor expected to support the growth of the global turbocompressor market over the forecast period.
However, the availability of substitute products, such as rotary compressors is expected to hamper the growth of the target market over the forecast period.
Turbocompressor Market Segment Analysis:
Based on type, the global turbocompressor market is segmented based on centrifugal turbocompressors and axial turbocompressors. The centrifugal turbocompressors type segment is estimated to account for a significant revenue share in 2018.
Turbocompressor Market Regional Analysis:
Market in North America accounted for a significant revenue share of the global turbocompressor market in terms of revenue contribution as compared to that of markets in other regions, in 2017.
In addition, the market in North America is projected to register the fastest growth in terms of revenue over the next 10 years.
High adoption of technologically advanced products coupled with the presence of key players is a major factor expected to drive the growth of the target market in North America over the forecast period.
Asia Pacific accounts for the second-highest revenue share contribution to the global market, registering a share of XX.X%, followed by markets in Europe, Latin America, and the Middle East & Africa respectively.
Rapidly growing industrialization particularly in countries like India, China, and Japan, coupled with rapidly growing demand for energy are major factors expected to support the growth of the market in the region over the forecast period.
An increasing number of manufacturing plants, owing to growing public and private investments in the region, coupled with the increasing presence of international and domestic players are other major factors expected to propel the growth of the market in the region over the forecast period.
The markets in Latin America and Middle East & Africa are expected to register a moderate growth rate in the global turbocompressor market over the forecast period.
Global Turbocompressor Market Segmentation:
Segmentation on the basis of type:
- Centrifugal Turbocompressors
- Axial Turbocompressors
Segmentation on the basis of stage:
- Single Stage
Segmentation on the basis of output pressure:
- 0 bar–20 bar
- 21 bar–100 bar
- Above 100 bar
Segmentation on the basis of application:
- Oil & Gas
- Power Generation
- Water Treatment
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Siemens AG
- General Electric
- Mitsubishi Heavy Industries, Ltd.
- MAN Diesel & Turbo SE
- Kobe Steel Ltd.
- Atlas Copco AB
- Howden Group Ltd.
- SKF AB
- Sulzer Ltd.
- Kawasaki Heavy Industries
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