Global Turbocompressors Market
17 Jul 2021
Energy & Power
Impact Analysis on the Growth of Market
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The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Turbocompressor is the main unit of a gas-turbine jet engine consisting of mechanically coupled compressor and an aircraft gas turbine. It is a dynamic compressor used for compression and injection of gases. Gas keeps entering a rotating impeller while blades help transfer the mechanical shaft power to the fluid leading to a considerable temperature and pressure increase. The compressed gas may then be transferred to a secondary compressor stage or collected in a volute. Compressors can force more air and fuel into the chamber than atmospheric pressure alone could resulting in increased power output for engines.
The global turbocompressor market is expected to reach an estimate of US $18.42 Million by 2022 growing at a CAGR of 6.5%. The ecosystem is mainly divided into in-house and outsourced tasks. In-house tasks mostly focused on critical components of the product while the auxiliary parts are often outsourced. Maturing European markets and production of rotatory screw compressors are major constraints to the turbocompressor markets. The market has shown steady growth over the past few years due to increased demand from food and beverages, pharmaceuticals and chemical industries. Countries like India and China are also contributing rapidly to the market growth.
Based on type, the turbocompressor market is segmented into axial and centrifugal turbocompressors. Centrifugal compressor dominates the market currently with over 80% market share due to high adoption in auxiliary power units and gas turbines. Based on stage, they are classified into single-stage and multi-stage turbocompressors. Single-stage dominate the market and are expected to grow at a CAGR of 5.9% due to application in wide range of end user industries. Based on end-user industries, it is classified into chemical, power generation, oil and gas among others. The oil and gas industry dominated the market share as it requires turbo equipment across various stages of the oil and gas processing cycle. By output pressure, it can be segmented into three categories: 0 bar-20 bar, 21 bar-100 bar, Above 100 bar.
Geographically, the turbocompressor market is analyzed across four regions: North America, Europe, LAMEA and Asia Pacific with Asia Pacific market dominating in terms of market share expected to grow at a CAGR of 7.6%. The demand is further increasing due to growing consumer class and rising population. The market in North America is expected to be second in terms of growth potential closely following the APAC market owing to the growing manufacturing sector in the region. LNG trade across nations would drive the market as turbocompressors are used for gas storage and transportation.
Some of the key players in the Industry are Atlas Copco AG, GE Oil & Gas, Ingersoll Rand, Siemens AG, Mitsubishi Heavy Industries Ltd., Hitachi ltd., Man Diesel and Turbo, Howden, Elliot Group Ltd., Kawasaki Heavy Industries Ltd. and Kobe Steel Ltd.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook