Market Research Report

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, 2021-2028

ID:VMR11214350
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Turbocompressors Market Overview

The key driver impacting the turbocompressors market is the rising oil and natural gas demand coupled with the growing demand for power leads to more power generation globally, thus  boosting market demand in the coming years. solar inverters are majorly used in the processing, transmission, and storage of natural gas and oil. In power generation, solar inverters are utilized in various applications such as cooling turbines and reactor cores, initiating and taking away air, nitrous oxide treatment, booting fuel gas, soot blowing, and desulphurization, etc. for instance, according to the International Association of Oil and Gas producer report (2018), the worldwide demand for oil in 2018 was 30% higher than in 2000. In addition, demand for natural gas was surged by 60% during 2018.  As per the International Energy Outlook(Stated Policies Scenario), In 2019 electricity demand globally grows at 2.1% every year till 2040, twice the primary energy demand rate. this increases total electricity’s share in final energy consumption to 24% in 2040 from 19% in 2018. moreover, the increased trade and growth of natural gas worldwide is also a significant determinant that boosts the market.
According to Value Market Research, the global turbocompressors market size was valued at around USD 14,000 million in 2020 and is estimated to grow at a CAGR of about 5.25% during the forecast period of 2021 to 2027.

The considerable investments in the power sector lead to more power generation, thus estimated to augment turbo compressor demand in the forecast period. for instance, according to the International Energy Outlook (Stated Policies Scenario), in 2019, the worldwide total power sector investment accounts $20 trillion over the period to 2040. It is 20% high than yearly spending from 2010 to 2018. the power sector stands for 50% of total energy supply investment globally. In the Sustainable Development Scenario, power sector investment is almost $1.2 trillion for each year on an average to 2040, and it is around 60% more than recent spending levels. however, the availability of alternate technologies may hamper the global turbocompressors market in the long run. also, reducing LNG imports in Japan and South Korea are negatively impacting the market growth. the current industry trends, such as the advent of advanced technologies and the increasing use of turbocompressors in CO2 transmissions, are expected to provide profitable opportunities for the market players.

The turbocompressors market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally. The major players included in the report are 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.

Global Turbocompressors Market Share

In this research report, the turbocompressors market is segmented by type, stage, output pressure application, and region. 

Analysis by Type:
By type, the report is categorized into Centrifugal & Axial. The centrifugal-type dominates the application segment with over 55% share in 2020. It is due to the high adoption of centrifugal turbocompressors in LNG transport and crude oil refineries. Moreover, the increasing demand from the rapidly expanding chemical and pharmaceutical-manufacturing companies contributes to the high turbocompressors market demand in the forecast period.

Analysis by Stage:
By stage, the report is categorized into Single & Multi. The single-stage dominates the end-user segment with over 60% share in 2020. It is due to the widespread adoption in various industries. Moreover, the numerous advantages of single-stage turbocompressors such as higher efficiencies, ease of maintenance, and smooth operation that ensure reliable performance as compared to multi-stage are driving the single-stage turbocompressors market demand in the forecast period.

Analysis by Output Pressure:
By output pressure, the report is categorized into 0–20, 21–100, Above 100 Bar. The 0- 20 dominates the output pressure segment with over 40% shares in 2020. It is due to the extensive usage of turbocompressors inside this range for numerous applications, such as ethylene and fertilizer plants, refineries, liquid nitrogen freezers (LNF) for refrigeration, and air compression. Moreover, the rising number of oil refineries contributes to the vast market demand in the forecast period.

Analysis by Application:
By application, the report is categorized into oil & gas, chemical, and power generation. The oil and gas sector’s considered the biggest end-user of turbocompressors. It is due to the extensive usage of turbocompressors at all the stages of the oil & gas industry, right from the extraction of oil & gas to its transportation and storage. Moreover, the rising production of oil and gas and the growing LNG trade globally contribute to the vast market demand from the oil and gas segment in the forecast period.

Analysis by Region:
In the regional outlook of the global turbocompressors market, the North America region dominates with a 35% market share during the forecast period. It is due to the massive number of continuing LNG and shale gas projects with the rising focus on the high power generation across the U.S. Moreover, the rising crude oil production, growing resource base, and high improvement in the  production efficiencies across the region contribute to the development of the turbocompressors market across North America.

Market Segmentation covered in the 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

By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
 
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . TURBOCOMPRESSORS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Application
           3.7.3 By Stage
           3.7.4 By Output Pressure
           3.7.5 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL TURBOCOMPRESSORS MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Centrifugal Turbocompressors Market by Regions
       6.5 Axial Turbocompressors Market by Regions
 
7 . GLOBAL TURBOCOMPRESSORS MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Oil & Gas Market by Regions
       7.5 Power Generation Market by Regions
       7.6 Chemical Market by Regions
       7.7 Others Market by Regions
 
8 . GLOBAL TURBOCOMPRESSORS MARKET ANALYSIS BY STAGE
       8.1 Overview by Stage
       8.2 Historical and Forecast Data
       8.3 Analysis by Stage
       8.4 Single Stage Market by Regions
       8.5 Multi-Stage Market by Regions
 
9 . GLOBAL TURBOCOMPRESSORS MARKET ANALYSIS BY OUTPUT PRESSURE
       9.1 Overview by Output Pressure
       9.2 Historical and Forecast Data
       9.3 Analysis by Output Pressure
       9.4 0 bar–20 bar Market by Regions
       9.5 21 bar–100 bar Market by Regions
       9.6 Above 100 bar Market by Regions
 
10 . GLOBAL TURBOCOMPRESSORS MARKET ANALYSIS BY GEOGRAPHY
       10.1. Regional Outlook
       10.2. Introduction
       10.3. North America
           10.3.1. Overview, Historic and Forecast Data
           10.3.2. North America By Segment
           10.3.3. North America By Country
           10.3.4. United State
           10.3.5. Canada
           10.3.6. Mexico
       10.4. Europe
           10.4.1. Overview, Historic and Forecast Data
           10.4.2. Europe by Segment
           10.4.3. Europe by Country
           10.4.4. United Kingdom
           10.4.5. France
           10.4.6. Germany
           10.4.7. Italy
           10.4.8. Russia
           10.4.9. Rest Of Europe
       10.5. Asia Pacific
           10.5.1. Overview, Historic and Forecast Data
           10.5.2. Asia Pacific by Segment
           10.5.3. Asia Pacific by Country
           10.5.4. China
           10.5.5. India
           10.5.6. Japan
           10.5.7. South Korea
           10.5.8. Australia
           10.5.9. Rest Of Asia Pacific
       10.6. Latin America
           10.6.1. Overview, Historic and Forecast Data
           10.6.2. Latin America by Segment
           10.6.3. Latin America by Country
           10.6.4. Brazil
           10.6.5. Argentina
           10.6.6. Peru
           10.6.7. Chile
           10.6.8. Rest of Latin America
       10.7. Middle East & Africa
           10.7.1. Overview, Historic and Forecast Data
           10.7.2. Middle East & Africa by Segment
           10.7.3. Middle East & Africa by Country
           10.7.4. Saudi Arabia
           10.7.5. UAE
           10.7.6. Israel
           10.7.7. South Africa
           10.7.8. Rest Of Middle East And Africa
 
11 . COMPETITIVE LANDSCAPE OF THE TURBOCOMPRESSORS COMPANIES
       11.1. Turbocompressors Market Competition
       11.2. Partnership/Collaboration/Agreement
       11.3. Merger And Acquisitions
       11.4. New Product Launch
       11.5. Other Developments
 
12 . COMPANY PROFILES OF TURBOCOMPRESSORS INDUSTRY
       12.1. Company Share Analysis
       12.2. Market Concentration Rate
       12.3. Mitsubishi Heavy Industries Ltd.
           12.3.1. Company Overview
           12.3.2. Financials
           12.3.3. Products
           12.3.4. Recent Developments
       12.4. Seimen AG
           12.4.1. Company Overview
           12.4.2. Financials
           12.4.3. Products
           12.4.4. Recent Developments
       12.5. GE Oil & Gas
           12.5.1. Company Overview
           12.5.2. Financials
           12.5.3. Products
           12.5.4. Recent Developments
       12.6. Kobel Steel Ltd.
           12.6.1. Company Overview
           12.6.2. Financials
           12.6.3. Products
           12.6.4. Recent Developments
       12.7. Sulzer Ltd.
           12.7.1. Company Overview
           12.7.2. Financials
           12.7.3. Products
           12.7.4. Recent Developments
       12.8. Man Diesel & Turbo
           12.8.1. Company Overview
           12.8.2. Financials
           12.8.3. Products
           12.8.4. Recent Developments
       12.9. Ingersoll-Rand PLC
           12.9.1. Company Overview
           12.9.2. Financials
           12.9.3. Products
           12.9.4. Recent Developments
       12.10. Atlas Copco AB
           12.10.1. Company Overview
           12.10.2. Financials
           12.10.3. Products
           12.10.4. Recent Developments
       12.11. Howden Group Ltd.
           12.11.1. Company Overview
           12.11.2. Financials
           12.11.3. Products
           12.11.4. Recent Developments
       12.12. SKF
           12.12.1. Company Overview
           12.12.2. Financials
           12.12.3. Products
           12.12.4. Recent Developments
       12.13. Kawasaki Heavy Industries Ltd.
           12.13.1. Company Overview
           12.13.2. Financials
           12.13.3. Products
           12.13.4. Recent Developments
       12.14. Elliot Group Ltd.
           12.14.1. Company Overview
           12.14.2. Financials
           12.14.3. Products
           12.14.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  Centrifugal Turbocompressors Market by Geography (USD MN)
  •  Axial Turbocompressors Market by Geography (USD MN)
  •  Analysis Market by Application (USD MN)
  •  Oil & Gas Market by Geography (USD MN)
  •  Power Generation Market by Geography (USD MN)
  •  Chemical Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis by Stage (USD MN)
  •  Single Stage Market by Geography (USD MN)
  •  Multi-Stage Market by Geography (USD MN)
  •  Analysis by Output Pressure (USD MN)
  •  0 bar–20 bar Market by Geography (USD MN)
  •  21 bar–100 bar Market by Geography (USD MN)
  •  Above 100 bar Market by Geography (USD MN)
  •  Global Turbocompressors Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Turbocompressors Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Turbocompressors Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Stage
  •  Market Attractiveness Analysis by Output Pressure
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  Centrifugal Turbocompressors Market by Geography (USD MN)
  •  Axial Turbocompressors Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Oil & Gas Market by Geography (USD MN)
  •  Power Generation Market by Geography (USD MN)
  •  Chemical Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Stage (USD MN)
  •  Single Stage Market by Geography (USD MN)
  •  Multi-Stage Market by Geography (USD MN)
  •  Global Market Analysis by Output Pressure (USD MN)
  •  0 bar–20 bar Market by Geography (USD MN)
  •  21 bar–100 bar Market by Geography (USD MN)
  •  Above 100 bar Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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