Turbocompressor Market
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, Sagita, Sundyne Corporation, Bauer Compressors, Inc., Sullivan-Palatek, Inc. and Gardner Denver, Inc.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 15.28billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
7.4% |
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Predicted 2028 Value: |
USD 27.05billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs & Figures |
302 |
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Chapters Covered: |
Type, Stage, Output Pressure, Application, End User, Sales Channel and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Types Covered:
• Axial Turbocompressors
• Centrifugal Turbocompressors
• Hydraulic Turbocompressors
Stages Covered:
• Single Stage
• Multi-Stage
Output Pressures Covered:
• 0 Bar–20 Bar
• 21 Bar–100 Bar
• Above 100 Bar
Applications Covered:
• Agricultural
• Industrial
• Transportation
End Users Covered:
• Automotive
• Chemical
• Metals
• Mining
• Offshore
• Oil & Gas
• Pharmaceuticals
• Power Generation
• Pulp & Paper
• Textile
• Trains, Ships & Airplanes
• Water & Wastewater
Sales Channels Covered:
• Direct Sales
• Distributor
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Turbocompressor Market, By Type
5.1 Introduction
5.2 Axial Turbocompressors
5.3 Centrifugal Turbocompressors
5.4 Hydraulic Turbocompressors
6 Global Turbocompressor Market, By Stage
6.1 Introduction
6.2 Single Stage
6.3 Multi-Stage
7 Global Turbocompressor Market, By Output Pressure
7.1 Introduction
7.2 0 Bar–20 Bar
7.3 21 Bar–100 Bar
7.4 Above 100 Bar
8 Global Turbocompressor Market, By Application
8.1 Introduction
8.2 Agricultural
8.3 Industrial
8.4 Transportation
9 Global Turbocompressor Market, By End User
9.1 Introduction
9.2 Automotive
9.3 Chemical
9.4 Metals
9.5 Mining
9.6 Offshore
9.7 Oil & Gas
9.8 Pharmaceuticals
9.9 Power Generation
9.10 Pulp & Paper
9.11 Textile
9.12 Trains, Ships & Airplanes
9.13 Water & Wastewater
10 Global Turbocompressor Market, By Sales Channel
10.1 Introduction
10.2 Direct Sales
10.3 Distributor
11 Global Turbocompressor Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Atlas Copco AB
13.2 Elliot Group Ltd
13.3 GE Oil & Gas
13.4 Howden Group Ltd
13.5 Kawasaki Heavy Industries
13.6 Kobe Steel Ltd
13.7 Man Diesel & Turbo
13.8 Mitsubishi Heavy Industries Ltd
13.9 Siemens AG
13.10 Sagita
13.11 Sundyne Corporation
13.12 Bauer Compressors, Inc.
13.13 Sullivan-Palatek, Inc.
13.14 Gardner Denver, Inc.
List of Tables
1 Global Turbocompressor Market Outlook, By Region (2019-2028) (US $MN)
2 Global Turbocompressor Market Outlook, By Type (2019-2028) (US $MN)
3 Global Turbocompressor Market Outlook, By Axial Turbocompressors (2019-2028) (US $MN)
4 Global Turbocompressor Market Outlook, By Centrifugal Turbocompressors (2019-2028) (US $MN)
5 Global Turbocompressor Market Outlook, By Hydraulic Turbocompressors (2019-2028) (US $MN)
6 Global Turbocompressor Market Outlook, By Stage (2019-2028) (US $MN)
7 Global Turbocompressor Market Outlook, By Single Stage (2019-2028) (US $MN)
8 Global Turbocompressor Market Outlook, By Multi-Stage (2019-2028) (US $MN)
9 Global Turbocompressor Market Outlook, By Output Pressure (2019-2028) (US $MN)
10 Global Turbocompressor Market Outlook, By 0 Bar–20 Bar (2019-2028) (US $MN)
11 Global Turbocompressor Market Outlook, By 21 Bar–100 Bar (2019-2028) (US $MN)
12 Global Turbocompressor Market Outlook, By Above 100 Bar (2019-2028) (US $MN)
13 Global Turbocompressor Market Outlook, By Application (2019-2028) (US $MN)
14 Global Turbocompressor Market Outlook, By Agricultural (2019-2028) (US $MN)
15 Global Turbocompressor Market Outlook, By Industrial (2019-2028) (US $MN)
16 Global Turbocompressor Market Outlook, By Transportation (2019-2028) (US $MN)
17 Global Turbocompressor Market Outlook, By End User (2019-2028) (US $MN)
18 Global Turbocompressor Market Outlook, By Automotive (2019-2028) (US $MN)
19 Global Turbocompressor Market Outlook, By Chemical (2019-2028) (US $MN)
20 Global Turbocompressor Market Outlook, By Metals & Mining (2019-2028) (US $MN)
21 Global Turbocompressor Market Outlook, By Mining (2019-2028) (US $MN)
22 Global Turbocompressor Market Outlook, By Offshore (2019-2028) (US $MN)
23 Global Turbocompressor Market Outlook, By Oil & Gas (2019-2028) (US $MN)
24 Global Turbocompressor Market Outlook, By Pharmaceuticals (2019-2028) (US $MN)
25 Global Turbocompressor Market Outlook, By Power Generation (2019-2028) (US $MN)
26 Global Turbocompressor Market Outlook, By Pulp & Paper (2019-2028) (US $MN)
27 Global Turbocompressor Market Outlook, By Textile (2019-2028) (US $MN)
28 Global Turbocompressor Market Outlook, By Trains, Ships & Airplanes (2019-2028) (US $MN)
29 Global Turbocompressor Market Outlook, By Water & Wastewater (2019-2028) (US $MN)
30 Global Turbocompressor Market Outlook, By Sales Channel (2019-2028) (US $MN)
31 Global Turbocompressor Market Outlook, By Direct Sales (2019-2028) (US $MN)
32 Global Turbocompressor Market Outlook, By Distributor (2019-2028) (US $MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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