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Global Turbocompressors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 149 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5911816
The global turbocompressors market size reached US$ 18.8 Billion in 2022. Looking forward, the market is expected to reach US$ 26.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.15% during 2022-2028.

Turbocompressors are widely used in process plants to concentrate a compressible gas via dynamic principles. They also find application in the gas supply chain, energy recovery, and power generation during natural gas processing and petrochemical production. At present, they are widely available in various types, depending on the requirement of end users. For instance, water turbocompressors help produce refrigerants for the liquefaction of gases, such as oxygen, nitrogen, and helium, in different industrial processes. In addition, product variants operated by radial turbines provide a large capacity to absorb or deliver power, which helps boost the power of diesel engines.

Turbocompressors Market Trends

Surging energy needs, along with a rapid rise in the installation of turboexpanders in offshore oil production sites, represents one of the major factors fueling the demand for turbocompressors in oil and gas facilities across the globe. Moreover, industries worldwide are emphasizing upgrading their existing turbocompressors with the latest high-efficiency impellers, blades, and sealing technologies. This is propelling leading players in improving the overall performance and reducing operational expenditures (OPEX) of machines. Apart from this, due to high requirements on efficiency and optimized specific power consumption, these players are focusing on improving the aerodynamic features of rotating equipment. They are also introducing lightweight, compact, and high-performance product variants with low energy costs and user-friendly microprocessors to stay competitive in the market. These variants have high power density and reliability, which help reduce the noise level and save fuel, resources, and energy. This, coupled with the boosting sales of vehicles on account of inflating income levels, is anticipated to increase the utilization of turbocompressors in the automotive industry for a reliable and cost-effective supply of oil-free compressed air.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global turbocompressors market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on type, stage and end user.

Breakup by Type:

  • Centrifugal Compressors
  • Axial Compressors

Breakup by Stage:

  • Single Stage
  • Multi-stage

Breakup by End User:

  • Oil and Gas
  • Power Generation
  • Chemical
  • Water and Wastewater

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlas Copco AB, BorgWarner Inc., Continental AG, Cummins Inc., Eaton Corporation plc, Howden Group Holdings Ltd, Ingersoll Rand Inc., Kawasaki Heavy Industries Ltd., MAN Energy Solutions SE (Volkswagen AG), Mitsubishi Heavy Industries Ltd, Siemens AG and Sulzer Ltd.

Key Questions Answered in This Report

1. How big is the global turbocompressors market?
2. What is the expected growth rate of the global turbocompressors market during 2023-2028?
3. What are the key factors driving the global turbocompressors market?
4. What has been the impact of COVID-19 on the global turbocompressors market?
5. What is the breakup of the global turbocompressors market based on the type?
6. What is the breakup of the global turbocompressors market based on the stage?
7. What is the breakup of the global turbocompressors market based on the end user?
8. What are the key regions in the global turbocompres market?
9. Who are the key players/companies in the global turbocompressors market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Turbocompressors Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Centrifugal Compressors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Axial Compressors
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Stage
7.1 Single Stage
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Multi-stage
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Oil and Gas
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Power Generation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Chemical
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Water and Wastewater
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Atlas Copco AB Company Overview Product Portfolio Financials SWOT Analysis
14.3.2 BorgWarner Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.3 Continental AG Company Overview Product Portfolio Financials SWOT Analysis
14.3.4 Cummins Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 Eaton Corporation plc Company Overview Product Portfolio Financials SWOT Analysis
14.3.6 Howden Group Holdings Ltd Company Overview Product Portfolio
14.3.7 Ingersoll Rand Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.8 Kawasaki Heavy Industries Ltd. Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 MAN Energy Solutions SE (Volkswagen AG) Company Overview Product Portfolio SWOT Analysis
14.3.10 Mitsubishi Heavy Industries Ltd Company Overview Product Portfolio Financials SWOT Analysis
14.3.11 Siemens AG Company Overview Product Portfolio Financials SWOT Analysis
14.3.12 Sulzer Ltd. Company Overview Product Portfolio Financials

Companies Mentioned

  • Atlas Copco AB
  • BorgWarner Inc.
  • Continental AG
  • Cummins Inc.
  • Eaton Corporation plc
  • Howden Group Holdings Ltd
  • Ingersoll Rand Inc.
  • Kawasaki Heavy Industries Ltd.
  • MAN Energy Solutions SE (Volkswagen AG)
  • Mitsubishi Heavy Industries Ltd
  • Siemens AG
  • Sulzer Ltd.



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