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Global Turbocompressor Market by Type, Stage, End-user industry and Geography - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4612664
  • Report
  • Region: Global
  • 189 pages
  • Allied Analytics LLP
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A turbocompressor is a dynamic type of compressor used for the compression and injection of gases. In these compressors, the required pressure rise takes place during the continuous conversion of angular momentum imparted to the refrigerant vapor by a high-speed impeller into static pressure. The unique design and reliability of turbocompressor makes them applicable in industries where large amounts of air are required to be compressed. Metallurgical, chemical, and petrochemical plants as well as refineries are amongst the most common applications for turbocompression solutions.

The global turbocompressor market is segmented based on type, stage, end-user industries, and geography. Based on type, turbocompressor market is classified into centrifugal compressors and axial turbocompressor. Centrifugal turbocompressor accounted for a dominant share of the market in 2015. Centrifugal turbocompressor are manufactured uniquely according to plant specifications and consume significantly less energy when compared with other compressor designs. By stage, the turbocompressor market is segmented into single stage and multi-stage turbocompressor. Single stage turbocompressor accounted for a dominant share of the market in 2015. Single stage turbocompressor are designed for long life, low maintenance, and continuous service in unclean and corrosive applications such as petrochemical plants, refineries, natural gas processing, coal gasification, and power stations.

The global turbocompressor market based on end-user industries is categorized into oil & gas, chemical, power generation, and others. The oil & gas segment accounted for a dominant share of the turbocompressor market in 2015 and is expected to maintain its position throughout the forecast period. Several applications in the oil & gas industry require the usage of turbomachinery for compression, pumping, and generation of electricity. In the oil & gas industry, turbocompressor are used in upstream, midstream, and downstream applications.

Geographically, the turbocompressor market has been analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Australia, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Key players profiled in the report include Atlas Copco AB, Elliot Group Ltd, GE Oil & Gas, Howden Group Ltd, Ingersoll Rand PLC, Kawasaki Heavy Industries Ltd, Kobe Steel Ltd, Man Diesel & Turbo, Mitsubishi Heavy Industries Ltd, and Siemens AG.

Key Benefits

This study provides an in-depth analysis of the global turbocompressor market along with current trends and future estimations to identify the potential investment pockets for stakeholders.
It presents information regarding key drivers, restraints, and opportunities along with their impact analysis.
Porter’s Five Forces analytical model illustrates the competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of the suppliers.
Quantitative analysis of the current market and estimations from 2014 to 2022 is provided to highlight the financial competency of the market.

Turbocompressor Market Key Segmentation:

The global turbocompressor market is segmented on the basis of type, stage, end-use industries, and geography.

By Type

Centrifugal compressors
Axial compressors

By Stage

Single stage
Multi-stage

By End-user

Oil & gas
Power generation
Chemical
Water & wastewater
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Middle East
Latin America
Africa

Key Players

Atlas Copco AB
Elliot Group Ltd
GE Oil & Gas
Howden Group Ltd
Ingersoll Rand Plc
Kawasaki Heavy Industries
Kobe Steel Ltd
Man Diesel & Turbo
Mitsubishi Heavy Industries Ltd
Siemens AG

Other companies mentioned in the report

Rotating Machinery Services, Inc.
Sundyne Corporation
Bauer Compressors, Inc.
Sullivan-Palatek, Inc.
Gardner Denver, Inc.
Dresser-Rand Co., Turbo Products Div.
AVIME
Sagita
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top impacting factors
3.2.3. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Low threat of substitutes
3.3.4. High competitive rivalry
3.3.5. Low threat of new entrants
3.4. MARKET PLAYERS POSITIONING
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Rising applications of turbocompressor in wastewater treatment plants globally
3.5.1.2. Increasing global LNG trade
3.5.1.3. Increasing industrialization
3.5.1.4. Increasing demand for energy
3.5.2. Restraints
3.5.2.1. Rotary screw compressors substituting
3.5.2.2. Slowing LNG trade in Japan and South Korea
3.5.3. Opportunities
3.5.3.1. Evolving CO2 transport network
3.5.3.2. Technological developments in turbocompressor

CHAPTER 4 GLOBAL TURBOCOMPRESSOR MARKET, BY TYPE
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. CENTRIFUGAL COMPRESSORS
4.2.1. Key market trends
4.2.2. Key drivers and opportunities
4.2.3. Market size and forecast
4.3. AXIAL COMPRESSORS
4.3.1. Key market trends
4.3.2. Key drivers and opportunities
4.3.3. Market size and forecast

CHAPTER 5 GLOBAL TURBOCOMPRESSOR MARKET, BY STAGE
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. SINGLE STAGE
5.2.1. Key market trends
5.2.2. Key drivers and opportunities
5.2.3. Market size and forecast
5.3. MULTI-STAGE
5.3.1. Key market trends
5.3.2. Key drivers and opportunities
5.3.3. Market size and forecast

CHAPTER 6 GLOBAL TURBOCOMPRESSOR MARKET, END-USER INDUSTRY
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. OIL & GAS
6.2.1. Key market trends
6.2.2. Key drivers and opportunities
6.2.3. Market size and forecast
6.3. POWER GENERATION
6.3.1. Key market trends
6.3.2. Key drivers and opportunities
6.3.3. Market size and forecast
6.4. CHEMICAL
6.4.1. Key market trends
6.4.2. Key drivers and opportunities
6.4.3. Market size and forecast
6.5. WATER AND WASTEWATER
6.5.1. Key market trends
6.5.2. Key drivers and opportunities
6.5.3. Market size and forecast
6.6. OTHERS
6.6.1. Key market trends
6.6.2. Key drivers and opportunities
6.6.3. Market size and forecast

CHAPTER 7 GLOBAL TURBOCOMPRESSOR MARKET, BY GEOGRAPHY
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key drivers and opportunities
7.2.3. Market size and forecast
7.2.3.1. U.S.
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Key drivers and opportunities
7.3.3. Market size and forecast
7.3.3.1. Germany
7.3.3.2. Russia
7.3.3.3. UK
7.3.3.4. FRANCE
7.3.3.5. REST OF EUROPE
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Key drivers and opportunities
7.4.2.1. China
7.4.2.2. India
7.4.2.3. Japan
7.4.2.4. Australia
7.4.2.5. Rest of Asia-Pacific
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Key drivers and opportunities
7.5.3. Market size and forecast
7.5.3.1. Latin America
7.5.3.2. Middle East
7.5.3.3. Africa

CHAPTER 8 COMPANY PROFILES
8.1. ATLAS COPCO AB
8.1.1. Company Overview
8.1.2. Financial performance
8.1.3. Key strategies & developments
8.2. ELLIOT GROUP LTD
8.2.1. Company Overview
8.2.2. Financial performance
8.2.3. Key strategies & developments
8.3. GE OIL & GAS
8.3.1. Company Overview
8.3.2. Financial performance
8.3.3. Key strategies & developments
8.4. HOWDEN GROUP LTD
8.4.1. Company Overview
8.4.2. Financial performance
8.4.3. Key strategies & developments
8.5. INGERSOLL RAND PLC
8.5.1. Company Overview
8.5.2. Financial performance
8.5.3. Key strategies & developments
8.6. KAWASAKI HEAVY INDUSTRIES LTD
8.6.1. Company Overview
8.6.2. Financial performance
8.6.3. Key strategies & developments
8.7. KOBE STEEL LTD
8.7.1. Company Overview
8.7.2. Financial performance
8.7.3. Key strategies & developments
8.8. MAN DIESEL & TURBO
8.8.1. Company Overview
8.8.2. Financial performance
8.8.3. Key strategies & developments
8.9. MITSUBISHI HEAVY INDUSTRIES LTD
8.9.1. Company Overview
8.9.2. Financial performance
8.9.3. Key strategies & developments
8.10. SIEMENS AG
8.10.1. Company Overview
8.10.2. Financial performance
8.10.3. Key strategies & developments
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Global Turbocompressor Market size was estimated to be $11,703 million in 2015 and is expected to reach $18,424 million by 2022 growing at a CAGR of 6.5%, according to a new report published by Allied Market Research. Oil & gas segment is expected to domite the end-user sector in the global turbocompressor market from 2015 to 2022. Asia-Pacific region domited the market contributing to 37.0% of the global turbocompressor market share in 2015.

Turbocompressor are turbo machines that concentrate a compressible gas with the help of a dymic principle. In turbocompressor, the gas continuously enters the rotating impeller through which the mechanical shaft power is distributed to the fluid with the help of the blades that results in a significant pressure and temperature increase. The remaining kinetic flow energy is then mostly converted into pressure in the diffusor. The compressed gas is then either collected in a volute or transferred to a second compressor stage with the help of a return channel. Turbocompressor are highly used in dirty and corrosive applications such as petrochemical plants, refineries, tural gas processing, coal gasification & power stations due to their longer life, low maintence, and continuous service.

The global turbocompressor market is segmented based on type, stages, end-user industries, and geography. By type, the turbocompressor market is segmented into centrifugal compressors and axial compressors. Centrifugal compressor was the most domint type accounting for 80.7% of the overall market in 2015. The centrifugal compressors market is projected to grow at a CAGR of 5.5% during the forecast period. Centrifugal compressors have high adoption in gas turbines and auxiliary power units. These compressors are also used in pipeline compressors of tural gas, which help move the gas from the production site to the end consumer.

Based on stage, the global turbocompressor market is classified into single-stage turbocompressor and multi-stage turbocompressor. Single-stage compressors domited the market in 2015 and is estimated to grow at a CAGR of 5.9% during the forecast period 2016-2022. Single stage turbocompressor are adopted in a wide range of end-user industries owing to their higher efficiencies, ease of maintence, and smooth operation that ensures reliable performance.

The global turbocompressor market based on end-user industries has been classified into oil & gas, power generation, chemical, and others. The oil & gas segment domited the turbocompressor market in 2015 accounting for $5,014 million. In the oil & gas industry, there is a wide requirement for turbomachinery equipment that are reliable and energy efficient. The oil & gas industry requires turbo equipment from the stage of oil recovery and oil/gas separation to gas treatment and processing. The increasing trade of LNG globally is also a key driver for turbocompressor industry in the oil & gas segment.

By geography, the turbocompressor market is alyzed across four regions, mely North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Asia-Pacific was the most domint geographical market in 2015, is estimated to grow at a CAGR of 7.6%. Asia-Pacifics energy demand has been continuously increasing due to the growing population and rising consumer class. The major demand for oil in the region is being witnessed from the transportation sectors in developing regions. Turbocompressor in Asia-Pacific are used in the oil & gas upstream, midstream, and downstream sector. They are also being highly used in the power generation industry for smooth functioning of coal as well as gas power plants.

Key findings of the Turbocompressor Market:

Axial compressors market accounted for $2,264 million in 2015 and is expected to grow at a CAGR of 10.2% during the forecast period.
Single-stage turbocompressor market is expected to grow at a CAGR of 5.9%.
Power generation end-user segment is expected to grow at a CAGR of 8.1% during the forecast period.
Asia-Pacific is expected to be the fastest growing regiol market with a CAGR of 7.6%.

The key players in the turbocompressor market focus on collaborations, partnerships, and product developments to remain competitive in the market. Some of the key players in the turbocompressor market include Atlas Copco AB, Elliot Group Ltd, GE Oil & Gas, Howden Group Ltd, Ingersoll Rand PLC, Kawasaki Heavy Industries Ltd, Kobe Steel Ltd, Man Diesel & Turbo, Mitsubishi Heavy Industries Ltd, and Siemens AG.
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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