Global Turbomachinery Market Growth (Status and Outlook) 2025-2031

The global Turbomachinery market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

United States market for Turbomachinery is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Turbomachinery is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Turbomachinery is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Turbomachinery players cover Elliott Group, HIMA, TURBOTEC, Barber-Nichols, Mitsubishi Heavy Industries, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Turbomachinery Industry Forecast” looks at past sales and reviews total world Turbomachinery sales in 2024, providing a comprehensive analysis by region and market sector of projected Turbomachinery sales for 2025 through 2031. With Turbomachinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Turbomachinery industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Turbomachinery 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 Turbomachinery.

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

Segmentation by Type:
Pumps
Compressor
Turbines
Motors & Generators
Fan
Engines
Others

Segmentation by Application:
Aerospace
Defense
Oil & Gas
Power Generation

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.
Elliott Group
HIMA
TURBOTEC
Barber-Nichols
Mitsubishi Heavy Industries
Concepts NREC
MAN Energy Solutions
Siemens
Chola Turbo Machinery International
GE
Ansaldo
Kawasaki
SULZER
Taka Group
Solar Turbines
Hitachi
Control-Care
Simms Machinery International

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