Turbocompressor - Global Market Outlook (2020-2028) Turbocompressor Market size is expected to grow from US $ 15.28 BN in 2020 to US $ 27.05 BN by 2028, at a CAGR of 7.4%.The market report “Turbocompressor Market by Types (Axial Turbocompressors, Centrifugal Turbocompressors and Hydraulic Turbocompressors), Stages (Single Stage and Multi-Stage), Output Pressures (0 Bar–20 Bar, 21 Bar–100 Bar and Above 100 Bar), Applications (Agricultural, Industrial and Transportation), End Users (Automotive, Chemical, Metals, Mining, Offshore, Oil & Gas, Pharmaceuticals, Power Generation, Pulp & Paper, Textile, Trains, Ships & Airplanes and Water & Wastewater), Sales Channels (Direct Sales and Distributor) and Region – Forecast to 2028”. The turbocompressor market is growing at a CAGR of 7.4% by 2028, owing to increasing long trade between nations globally.
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Based on output pressure, the 0 Bar–20 Bar segment is estimated to hold largest market share during the study period.
On the basis of output pressure, the market is categorised into 0 Bar–20 Bar, 21 Bar–100 Bar and Above 100 Bar. 0 Bar–20 Bar segment is estimated to hold a market share which is large compared to the other pressure ranges, as these range of turbocompressors have multiple applications which include refineries, air compression, fertilizer and ethylene plants and liquid nitrogen freezers (LNF) for refrigeration.
Based on stage, the single stage segment is anticipated to hold larger market share during the forecast period.
On the basis of stage, the market is segmented into single stage and multi stage. Single stage segment is anticipated to hold larger market share than multi stage during the forecast period due to their widespread adoption in different industry verticals because their superior efficiencies, ease of maintenance, and smooth operation that ensures reliable performance.
Based on end user the oil & gas segment is estimated to hold largest market share during the study period.
On the basis of end user, the market is categorised into automotive, chemical, metals, mining, offshore, oil & gas, pharmaceuticals, power generation, pulp & paper, textile, trains, ships & airplanes and water & wastewater. Oil & gas segment is estimated to hold the largest market share as the entire procedure involved in the oil & gas industry, right from the extraction to transit and storage of the oil & gas requires the use of turbocompressors.
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By geography, Asia Pacific is expected to dominate the market
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is experiencing a dominant position in the turbocompressors market. This is mainly attributed by the presence of manufacturing facilities that belong to power generation projects, chemical companies and refineries, along with the new manufacturing plants that are being set up.
The key players in this market are 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.
Types Covered:
• Axial Turbocompressors
• Centrifugal Turbocompressors
• Hydraulic Turbocompressors
Stages Covered:
• Single Stage
• Multi-Stage
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
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