Global Turbocompressor Market Growth 2023-2029

Global Turbocompressor Market Growth 2023-2029

A turbocharger, or colloquially turbo, is a turbine-driven forced induction device that increases an internal combustion engine's efficiency and power output by forcing extra air into the combustion chamber. This improvement over a naturally aspirated engine's power output is due to the fact that the compressor can force more air—and proportionately more fuel—into the combustion chamber than atmospheric pressure (and for that matter, ram air intakes) alone.

Turbochargers were originally known as turbo super chargers when all forced induction devices were classified as superchargers. Nowadays the term "supercharger" is usually applied only to mechanically driven forced induction devices. The key difference between a turbocharger and a conventional supercharger is that a supercharger is mechanically driven by the engine, often through a belt connected to the crankshaft, whereas a turbocharger is powered by a turbine driven by the engine's exhaust gas. Compared to a mechanically driven supercharger, turbochargers tend to be more efficient, but less responsive. Twincharger refers to an engine with both a supercharger and a turbocharger.

Turbochargers are commonly used on train, aircraft, and construction equipment engines. They are most often used with Otto cycle and Diesel cycle internal combustion engines. They have also been found useful in automotive fuel cells.

LPI (LP Information)' newest research report, the “Turbocompressor Industry Forecast” looks at past sales and reviews total world Turbocompressor sales in 2022, providing a comprehensive analysis by region and market sector of projected Turbocompressor sales for 2023 through 2029. With Turbocompressor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Turbocompressor industry.

This Insight Report provides a comprehensive analysis of the global Turbocompressor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Turbocompressor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Turbocompressor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Turbocompressor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Turbocompressor.

The global Turbocompressor market size is projected to grow from US$ 15540 million in 2022 to US$ 19260 million in 2029; it is expected to grow at a CAGR of 19260 from 2023 to 2029.

The technical barriers of Turbo Compressor are high, and the Turbo Compressor market concentration degree is higher. Some of the key players dominating this market are Siemens, GE Oil & Gas, Mitsubishi Heavy Industries, Ingersoll-Rand, Man Diesel & Turbo, Kobe Steel, Atlas Copco, Elliott Group, Howden Group, SKF, Sulzer and Kawasaki Heavy Industries, etc, with about 69% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of Turbocompressor market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Centrifugal Turbo Compressors

Axial Turbo Compressors

Others

Segmentation by application

Trains & Ships & Airplanes

Oil & Chemical Industrial

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Siemens

GE Oil & Gas

Mitsubishi Heavy Industries

Ingersoll-Rand

Man Diesel & Turbo

Kobe Steel

Atlas Copco

Elliott Group

Howden Group

SKF

Sulzer

Kawasaki Heavy Industries

Key Questions Addressed in this Report

What is the 10-year outlook for the global Turbocompressor market?

What factors are driving Turbocompressor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Turbocompressor market opportunities vary by end market size?

How does Turbocompressor break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.