Turbocompressor Market Forecasts to 2028 – Global Analysis By Type (Axial, Centrifugal, Hydraulic), Application (Agricultural, Industrial), End User (Offshore, Oil & Gas, Power Generation) and By Geography
According to Stratistics MRC, the Global Turbocompressor market is accounted for $15.28 billion in 2020 and is expected to reach $27.05 billion by 2028 growing at a CAGR of 7.4% during the forecast period. Increasing long trade between nations, rowing industrialization and growing number of wastewater treatment plants are the major factors driving the market growth. However, substitute products such as rotatory screw compressors are restraining the market growth.
Turbocompressor are turbo machines which concentrate a compressible gas with the help of a dynamic principle. In turbocompressor, the gas continuously enters into the rotating impeller through which the mechanical shaft power is distributed to the fluid with the help of the blades that results in a major pressure and temperature increase. The rest of the kinetic flow energy is then mostly converted into pressure in the diffuser. The compressed gas is then either transferred to a second compressor stage with the help of a return channel or collected in a volute.
Based on type, the axial turbocompressor segment is estimated to have a lucrative growth due to their extensive use in liquefied natural gas (LNG) transport and crude oil refineries. By geography, North America is going to have high growth during forecast period due to large number of ongoing shale gas and LNG projects and the increasing focus on the manufacturing sector in the region.
Some of the key players profiled in the Turbocompressor Market include Atlas Copco AB, Elliot Group Ltd, GE Oil & Gas, Howden Group Ltd, Kawasaki Heavy Industries, Kobe Steel Ltd, Man Diesel & Turbo, Mitsubishi Heavy Industries Ltd, Siemens AG, AVIME, Sagita, Sundyne Corporation, Bauer Compressors, Inc., Sullivan-Palatek, Inc. and Gardner Denver, Inc.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Type, Stage, Output Pressure, Application, End User, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Axial Turbocompressors
• Centrifugal Turbocompressors
• Hydraulic Turbocompressors
• Single Stage
Output Pressures Covered:
• 0 Bar–20 Bar
• 21 Bar–100 Bar
• Above 100 Bar
End Users Covered:
• Oil & Gas
• Power Generation
• Pulp & Paper
• Trains, Ships & Airplanes
• Water & Wastewater
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Turbocompressor Market is majorly driven by increasing long trade between nations, rowing industrialization and growing number of wastewater treatment plants.
The axial turbocompressors segment is growing at a highest CAGR owing to extensive use in LNG transport and crude oil refineries.
North America dominated with a significant market share due to the factors such as large number of ongoing shale gas and LNG projects and the increasing focus on the manufacturing sector in the region.
Asia Pacific market is growing at a highest CAGR owing to the rapid industrialization in the Asian countries such as China and India due to lower oil prices.
Key players in Turbocompressor Market include Atlas Copco AB, Elliot Group Ltd, GE Oil & Gas, Howden Group Ltd, Kawasaki Heavy Industries, Kobe Steel Ltd, Man Diesel & Turbo, Mitsubishi Heavy Industries Ltd, Siemens AG, AVIME, Sagita, Sundyne Corporation, Bauer Compressors, Inc., Sullivan-Palatek, Inc. and Gardner Denver, Inc.
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