Global Turbocompressor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Turbocompressor Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which 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 2027. The 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.
Turbocompressors both, axial and centrifugal types are widely used for the compression and injection of gases and offers various benefits which includes low noise level and high power density.
Turbocompressors provides various advantages such as high efficiency of the energy conversion and high reliability, thereby boost demand for turbocompressor which in turn is expected to drive growth of the global turbocompressor market over the forecast period. In addition, increasing adoption of turbocompressor in various end use industries such as oil & gas, power generation, and chemical industry is expected to propel growth of the target market over the forecast period. Technological innovations in turbocompressor by manufacturers operating in the target market is another factor expected to support growth of the global turbocompressor market over the forecast period.
However, availability of substitute products, such as rotary compressors is expected to hamper growth of the target market over the forecast period.
Based on type, the global turbocompressor market is segmented based on centrifugal turbocompressors and axial turbocompressors. Centrifugal turbocompressors type segment is estimated to account for significant revenue share in 2018.
Market in North America accounted for 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 the North America is projected to register fastest growth in terms of revenue over the next 10 years. High adoption of technologically advanced products coupled with presence of key players is major factor expected to drive growth of the target market in North America over the forecast period.
Asia Pacific accounts for second-highest revenue share contribution to the global market, registering a share of XX.X%, followed by markets in the 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 growth of market in the region over the forecast period. Increasing number of manufacturing plants, owing to growing public and private investments in the region, coupled with increasing presence of international and domestic players are another major factors expected to propel growth of the market in the region over the forecast period.
The markets in Latin America and Middle East & Africa are expected to register 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
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- 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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