Turbocompressor Market

Turbocompressor Market



Growth Factors of Turbocompressor Market

The turbocompressor market size was valued at USD 5.59 billion in 2023, and the market is now projected to grow from USD 5.92 billion in 2024 to USD 10.04 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period of 2023-2030.

COVID- 19 pandemic has extremely affected the complete world. It affected many unexpected disruption and affected the industry. The pandemic caused in declined demand due to a disturbed supply chain, drop in sales of products, delivery lists. Travel bans imposed affected business relationship and partnership. Demand had lately condensed due to travel bans and lockdown during the COVID-19 pandemic. Producers of compressors faced numerous issues associated to order closures on time due to the worldwide lockdown.

The constant market research and improvement with innovations in the product, such as progressive process control features and actual data monitoring, are motivating development and encouraging investments from developing and key players in the oil and gas industry. The modern turbocompressor deals several advantages compared to traditional engines, such as augmented air intake in the combustion chamber, great engine performance, and reprocess of drained air from combustion. As turbocompressors work enhanced in high-speed engines and do not demand further power sources, more automotive manufacturers have involved twin turbocompressors in their innovative models which will upsurge the turbocompressor market growth.

Turbocompressors have several benefits, such as high dependability and high competence for energy conversion, therefore activating the demand for the product, which is projected to motivate the market growth over the anticipated period. Furthermore, growing demand for natural gas, which is rising the fixing of gas pipeline networks, is projected to be between the most remarkable drivers for the compressor market.

Comprehensive Analysis of Turbocompressor Market

The market can be segmented in various ways, depending on the focus of analysis such as by type, by stage and by application. Based on type, the market is classified into centrifugal and axial turbocompressor. By stage, the market is divided into single-stage and multi-stage. Based on application, the global market is segmented into oil & gas, power generation, chemical, water & wastewater, automotive, mining, and others.

North America region is dominating the turbocompressor market share due to high acceptance of technological product innovations. Presence of leading players is projected to motivate the regional market's growth.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Ingersoll Rand (Ireland), Atlas Copco (Sweden), Elliot Group (U.S.), Howden (Scotland), Kawasaki Heavy Industries, Ltd. (Japan), Kobe Steel (Japan), MAN (Germany), Mitsubishi Heavy Industries (Japan), GE (U.S.), Sulzer (Switzerland), SKF (Sweden), Siemens Energy (Germany) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In November 2022, Sulzer opened a new highly automated and digitized pump production and logistics center in Kotka, Finland. It is a significant provider of agitators, configured process pumps, and high-speed turbocompressors for the market.

Segmentation Table

TTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.8% from 2024 to 2032

Segmentation By Type

- Centrifugal Turbocompressor

- Axial Turbocompressor

By Stage

- Single-Stage

- Multi-Stage

By Application

- Oil & Gas

- Power Generation

- Chemical

- Water & Wastewater

- Automotive

- Mining

- Others

By Geography

- North America (By Type, By Stage, By Application, By Country)

- U.S. (By Application)

- Canada (By Application)

- Europe (By Type, By Stage, By Application, By Country)

- U.K. (By Application)

- Germany (By Application)

- France (By Application)

- Italy (By Application)

- Spain (By Application)

- Russia (By Application)

- Rest of Europe (By Application)

- Asia Pacific (By Type, By Stage, By Application, By Country)

- China (By Application)

- India (By Application)

- Japan (By Application)

- Australia (By Application)

- Southeast Asia (By Application)

- Rest of Asia Pacific (By Application)

- Latin America (By Type, By Stage, By Application, By Country)

- Brazil (By Application)

- Mexico (By Application)

- Rest of Latin America (By Application)

- Middle East and Africa (By Type, By Stage, By Application, By Country)

- GCC (By Application)

- South Africa (By Application)

- Rest of Middle East and Africa (By Application)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on the Turbocompressor Market
5. Global Turbocompressor Market Analysis (USD Billion), Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Centrifugal Turbocompressor
5.2.2. Axial Turbocompressor
5.3. Market Analysis, Insights and Forecast – By Stage
5.3.1. Single-Stage
5.3.2. Multi-Stage
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. Oil & Gas
5.4.2. Power Generation
5.4.3. Chemical
5.4.4. Water & Wastewater
5.4.5. Automotive
5.4.6. Mining
5.4.7. Others
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Latin America
5.5.3. Europe
5.5.4. Asia Pacific
5.5.5. Middle East and Africa
6. North America Turbocompressor Market Analysis (USD Billion), Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type
6.2.1. Centrifugal Turbocompressor
6.2.2. Axial Turbocompressor
6.3. Market Analysis, Insights and Forecast – By Stage
6.3.1. Single-Stage
6.3.2. Multi-Stage
6.4. Market Analysis, Insights and Forecast – By Application
6.4.1. Oil & Gas
6.4.2. Power Generation
6.4.3. Chemical
6.4.4. Water & Wastewater
6.4.5. Automotive
6.4.6. Mining
6.4.7. Others
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S. Market Analysis, Insights and Forecast – By Application
6.5.1.1. Oil & Gas
6.5.1.2. Power Generation
6.5.1.3. Chemical
6.5.1.4. Water & Wastewater
6.5.1.5. Automotive
6.5.1.6. Mining
6.5.1.7. Others
6.5.2. Canada Market Analysis, Insights and Forecast – By Application
6.5.2.1. Oil & Gas
6.5.2.2. Power Generation
6.5.2.3. Chemical
6.5.2.4. Water & Wastewater
6.5.2.5. Automotive
6.5.2.6. Mining
6.5.2.7. Others
7. Europe Turbocompressor Market Analysis (USD Billion), Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type
7.2.1. Centrifugal Turbocompressor
7.2.2. Axial Turbocompressor
7.3. Market Analysis, Insights and Forecast – By Stage
7.3.1. Single-Stage
7.3.2. Multi-Stage
7.4. Market Analysis, Insights and Forecast – By Application
7.4.1. Oil & Gas
7.4.2. Power Generation
7.4.3. Chemical
7.4.4. Water & Wastewater
7.4.5. Automotive
7.4.6. Mining
7.4.7. Others
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK Market Analysis, Insights and Forecast – By Application
7.5.1.1. Oil & Gas
7.5.1.2. Power Generation
7.5.1.3. Chemical
7.5.1.4. Water & Wastewater
7.5.1.5. Automotive
7.5.1.6. Mining
7.5.1.7. Others
7.5.2. Germany Market Analysis, Insights and Forecast – By Application
7.5.2.1. Oil & Gas
7.5.2.2. Power Generation
7.5.2.3. Chemical
7.5.2.4. Water & Wastewater
7.5.2.5. Automotive
7.5.2.6. Mining
7.5.2.7. Others
7.5.3. France Market Analysis, Insights and Forecast – By Application
7.5.3.1. Oil & Gas
7.5.3.2. Power Generation
7.5.3.3. Chemical
7.5.3.4. Water & Wastewater
7.5.3.5. Automotive
7.5.3.6. Mining
7.5.3.7. Others
7.5.4. Italy Market Analysis, Insights and Forecast – By Application
7.5.4.1. Oil & Gas
7.5.4.2. Power Generation
7.5.4.3. Chemical
7.5.4.4. Water & Wastewater
7.5.4.5. Automotive
7.5.4.6. Mining
7.5.4.7. Others
7.5.5. Spain Market Analysis, Insights and Forecast – By Application
7.5.5.1. Oil & Gas
7.5.5.2. Power Generation
7.5.5.3. Chemical
7.5.5.4. Water & Wastewater
7.5.5.5. Automotive
7.5.5.6. Mining
7.5.5.7. Others
7.5.6. Russia Market Analysis, Insights and Forecast – By Application
7.5.6.1. Oil & Gas
7.5.6.2. Power Generation
7.5.6.3. Chemical
7.5.6.4. Water & Wastewater
7.5.6.5. Automotive
7.5.6.6. Mining
7.5.6.7. Others
7.5.7. Rest of Europe Market Analysis, Insights and Forecast – By Application
7.5.7.1. Oil & Gas
7.5.7.2. Power Generation
7.5.7.3. Chemical
7.5.7.4. Water & Wastewater
7.5.7.5. Automotive
7.5.7.6. Mining
7.5.7.7. Others
8. Asia Pacific Turbocompressor Market Analysis (USD Billion), Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type
8.2.1. Centrifugal Turbocompressor
8.2.2. Axial Turbocompressor
8.3. Market Analysis, Insights and Forecast – By Stage
8.3.1. Single-Stage
8.3.2. Multi-Stage
8.4. Market Analysis, Insights and Forecast – By Application
8.4.1. Oil & Gas
8.4.2. Power Generation
8.4.3. Chemical
8.4.4. Water & Wastewater
8.4.5. Automotive
8.4.6. Mining
8.4.7. Others
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China Market Analysis, Insights and Forecast – By Application
8.5.1.1. Oil & Gas
8.5.1.2. Power Generation
8.5.1.3. Chemical
8.5.1.4. Water & Wastewater
8.5.1.5. Automotive
8.5.1.6. Mining
8.5.1.7. Others
8.5.2. India Market Analysis, Insights and Forecast – By Application
8.5.2.1. Oil & Gas
8.5.2.2. Power Generation
8.5.2.3. Chemical
8.5.2.4. Water & Wastewater
8.5.2.5. Automotive
8.5.2.6. Mining
8.5.2.7. Others
8.5.3. Japan Market Analysis, Insights and Forecast – By Application
8.5.3.1. Oil & Gas
8.5.3.2. Power Generation
8.5.3.3. Chemical
8.5.3.4. Water & Wastewater
8.5.3.5. Automotive
8.5.3.6. Mining
8.5.3.7. Others
8.5.4. Australia Market Analysis, Insights and Forecast – By Application
8.5.4.1. Oil & Gas
8.5.4.2. Power Generation
8.5.4.3. Chemical
8.5.4.4. Water & Wastewater
8.5.4.5. Automotive
8.5.4.6. Mining
8.5.4.7. Others
8.5.5. Southeast Asia Market Analysis, Insights and Forecast – By Application
8.5.5.1. Oil & Gas
8.5.5.2. Power Generation
8.5.5.3. Chemical
8.5.5.4. Water & Wastewater
8.5.5.5. Automotive
8.5.5.6. Mining
8.5.5.7. Others
8.5.6. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Application
8.5.6.1. Oil & Gas
8.5.6.2. Power Generation
8.5.6.3. Chemical
8.5.6.4. Water & Wastewater
8.5.6.5. Automotive
8.5.6.6. Mining
8.5.6.7. Others
9. Latin America Turbocompressor Market Analysis (USD Billion), Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type
9.2.1. Centrifugal Turbocompressor
9.2.2. Axial Turbocompressor
9.3. Market Analysis, Insights and Forecast – By Stage
9.3.1. Single-Stage
9.3.2. Multi-Stage
9.4. Market Analysis, Insights and Forecast – By Application
9.4.1. Oil & Gas
9.4.2. Power Generation
9.4.3. Chemical
9.4.4. Water & Wastewater
9.4.5. Automotive
9.4.6. Mining
9.4.7. Others
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. Brazil Market Analysis, Insights and Forecast – By Application
9.5.1.1. Oil & Gas
9.5.1.2. Power Generation
9.5.1.3. Chemical
9.5.1.4. Water & Wastewater
9.5.1.5. Automotive
9.5.1.6. Mining
9.5.1.7. Others
9.5.2. Mexico Market Analysis, Insights and Forecast – By Application
9.5.2.1. Oil & Gas
9.5.2.2. Power Generation
9.5.2.3. Chemical
9.5.2.4. Water & Wastewater
9.5.2.5. Automotive
9.5.2.6. Mining
9.5.2.7. Others
9.5.3. Rest of Latin America Market Analysis, Insights and Forecast – By Application
9.5.3.1. Oil & Gas
9.5.3.2. Power Generation
9.5.3.3. Chemical
9.5.3.4. Water & Wastewater
9.5.3.5. Automotive
9.5.3.6. Mining
9.5.3.7. Others
10. Middle East & Africa Turbocompressor Market Analysis (USD Billion), Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Type
10.2.1. Centrifugal Turbocompressor
10.2.2. Axial Turbocompressor
10.3. Market Analysis, Insights and Forecast – By Stage
10.3.1. Single-Stage
10.3.2. Multi-Stage
10.4. Market Analysis, Insights and Forecast – By Application
10.4.1. Oil & Gas
10.4.2. Power Generation
10.4.3. Chemical
10.4.4. Water & Wastewater
10.4.5. Automotive
10.4.6. Mining
10.4.7. Others
10.5. Market Analysis, Insights and Forecast – By Country
10.5.1. GCC Market Analysis, Insights and Forecast – By Application
10.5.1.1. Oil & Gas
10.5.1.2. Power Generation
10.5.1.3. Chemical
10.5.1.4. Water & Wastewater
10.5.1.5. Automotive
10.5.1.6. Mining
10.5.1.7. Others
10.5.2. South Africa Market Analysis, Insights and Forecast – By Application
10.5.2.1. Oil & Gas
10.5.2.2. Power Generation
10.5.2.3. Chemical
10.5.2.4. Water & Wastewater
10.5.2.5. Automotive
10.5.2.6. Mining
10.5.2.7. Others
10.5.3. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Application
10.5.3.1. Oil & Gas
10.5.3.2. Power Generation
10.5.3.3. Chemical
10.5.3.4. Water & Wastewater
10.5.3.5. Automotive
10.5.3.6. Mining
10.5.3.7. Others
11. Competitive Analysis
11.1. Company Market Share Analysis, 2023
11.2. Company Profile
11.2.1. Ingersoll Rand
11.2.1.1. Business Overview
11.2.1.2. Type & Service Offering
11.2.1.3. Overall Revenue
11.2.1.4. Geographic Presence
11.2.1.5. Recent Development
11.2.2. Atlas Copco
11.2.2.1. Business Overview
11.2.2.2. Type & Service Offering
11.2.2.3. Overall Revenue
11.2.2.4. Geographic Presence
11.2.2.5. Recent Development
11.2.3. Elliot Group
11.2.3.1. Business Overview
11.2.3.2. Type & Service Offering
11.2.3.3. Overall Revenue
11.2.3.4. Geographic Presence
11.2.3.5. Recent Development
11.2.4. Howden
11.2.4.1. Business Overview
11.2.4.2. Type & Service Offering
11.2.4.3. Overall Revenue
11.2.4.4. Geographic Presence
11.2.4.5. Recent Development
11.2.5. Kawasaki
11.2.5.1. Business Overview
11.2.5.2. Type & Service Offering
11.2.5.3. Overall Revenue
11.2.5.4. Geographic Presence
11.2.5.5. Recent Development
11.2.6. Kobe Steel
11.2.6.1. Business Overview
11.2.6.2. Type & Service Offering
11.2.6.3. Overall Revenue
11.2.6.4. Geographic Presence
11.2.6.5. Recent Development
11.2.7. MAN
11.2.7.1. Business Overview
11.2.7.2. Type & Service Offering
11.2.7.3. Overall Revenue
11.2.7.4. Geographic Presence
11.2.7.5. Recent Development
11.2.8. Mitsubishi
11.2.8.1. Business Overview
11.2.8.2. Type & Service Offering
11.2.8.3. Overall Revenue
11.2.8.4. Geographic Presence
11.2.8.5. Recent Development
11.2.9. GE
11.2.9.1. Business Overview
11.2.9.2. Type & Service Offering
11.2.9.3. Overall Revenue
11.2.9.4. Geographic Presence
11.2.9.5. Recent Development
11.2.10. Sulzar
11.2.10.1. Business Overview
11.2.10.2. Type & Service Offering
11.2.10.3. Overall Revenue
11.2.10.4. Geographic Presence
11.2.10.5. Recent Development
11.2.11. SKF
11.2.11.1. Business Overview
11.2.11.2. Type & Service Offering
11.2.11.3. Overall Revenue
11.2.11.4. Geographic Presence
11.2.11.5. Recent Development
11.2.12. Siemens Energy
11.2.12.1. Business Overview
11.2.12.2. Type & Service Offering
11.2.12.3. Overall Revenue
11.2.12.4. Geographic Presence
11.2.12.5. Recent Development

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