Turbocompressors Market Revenue to outshine USD 20030.08 MN By 2027
Posted On June 08, 2021
The Global Turbocompressors Market revenue is anticipated to grow to around USD 20030.08 MN by 2027 with a CAGR of 5.25% during the year 2021-2027 as per the report published by Value Market Research. A high preference for turbo Compressors for injecting and compressing gases is the primitive market driver for the growth of the turbo compressor market. Product innovation along with the advancement in technology is also anticipated to further propel the market growth of turbo Compressors. Increasing industrial development will also help in the growth of the turbo Compressors market as these are highly preferred in steel plants, chemical industries, oil and gas industries for refining and extraction, etc. Moreover, an increase in the transportation of liquified natural gas is also expected to drive the market growth of turbo Compressors.
Turbo Compressors are the types of machinery that concentrate a compressible gas by using dynamic principles. Centrifugal Turbo Compressors, mixed flow turbo Compressors, and axial turbo Compressors are the different types of turbo Compressors based on their design. In the centrifugal turbo compressor, the flow enters the turbo Compressor in the axial direction and exits the impeller in the centrifugal direction, while in the axial turbo Compressor, the flow enters the turbo Compressor in an axial direction and exits the impeller in an axial direction. And in the mixed flow turbo Compressor, the flow enters the turbo Compressor in the axial direction but exits the impeller neither in a completely centrifugal direction nor in the completely axial direction. Turbo Compressors have small physical dimensions, low weight, and have high power density. These are highly reliable due to proven technology and single rotating parting.
The elaborate study "Global Turbocompressors Market Report By Type (Centrifugal Turbocompressors, Axial Turbocompressors), By Application, Oil & Gas, Power Generation, Chemical, Others), By Stage (Single Stage, Multi-Stage), By Output Pressure (0 Bar–20 Bar, 21 Bar–100 Bar, Above 100 Bar) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of type the market is segmented into Centrifugal Turbocompressors, Axial Turbocompressors. By application the turbocompressors market is categorised as Oil & Gas, Power Generation, Chemical, Others. By stage the turbocompressors market is categorised as Single Stage, Multi-Stage. Based on output pressure the turbocompressors market is segmented as 0 bar–20 bar, 21 bar–100 bar, Above 100 bar. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Turbocompressors Market -
- Centrifugal Turbocompressors
- Axial Turbocompressors
- Oil & Gas
- Power Generation
By Output Pressure
- 0 bar–20 bar
- 21 bar–100 bar
- Above 100 bar
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Mitsubishi Heavy Industries Ltd., Seimen AG, GE Oil & Gas, Kobel Steel Ltd., Sulzer Ltd., Man Diesel & Turbo, Ingersoll-Rand PLC, Atlas Copco AB, Howden Group Ltd., SKF, and Kawasaki Heavy Industries Ltd., and Elliot Group Ltd., among others.
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