According to the latest report by IMARC Group “Turbocompressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global turbocompressors market reached a value of US$ 17.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.5 Billion by 2027, exhibiting at a CAGR of 6.4% during 2022-2027.
Turbocompressor is a turbomachine that is mainly employed in manufacturing plants for concentrating a compressible gas through dynamic principles. It is also utilized for energy recovery, petrochemical production, and power generation during natural gas processing. A turbocompressor includes a turbocharger, compressor, and center hub rotating assembly. At present, it is available in the form of axial and centrifugal compressors.
Request for a free sample copy of this report: https://www.imarcgroup.com/turbocompressors-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The widespread adoption of turbocompressors for chemical processing and power generation, along with the increasing trade of liquefied natural gas (LNG) across the globe is one of the primary factors driving the turbocompressor market toward growth. Moreover, the increasing utilization of turbocompressors for storing, lifting, injecting, compressing, transmitting, and gathering gas is further inducing the market growth. In line with this,the escalating demand for optimized turbocompressors account of their fuel-saving and high-power density properties are creating a positive outlook for the market across the globe.
Breakup by Type:
- Centrifugal Compressors
- Axial Compressors
Breakup by Stage:
- Single Stage
- Multi-stage
Breakup by End User:
- Oil and Gas
- Power Generation
- Chemical
- Water and Wastewater
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Atlas Copco AB
- BorgWarner Inc.
- Continental AG
- Cummins Inc.
- Eaton Corporation plc
- Howden Group Holdings Ltd
- Ingersoll Rand Inc.
- Kawasaki Heavy Industries Ltd.
- MAN Energy Solutions SE (Volkswagen AG)
- Mitsubishi Heavy Industries Ltd
- Siemens AG and Sulzer Ltd.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/turbocompressors-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
1 Comment