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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1461204

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1461204

Global Turbocompressor Market Size study & Forecast, by Type, by Stage, by Application and Regional Analysis, 2023-2030

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Global Turbocompressor Market is valued at approximately USD 4.75 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.4% during the forecast period 2023-2030. A turbocompressor is a mechanical device designed to compress gases, typically air, in various industrial applications. It consists of a combination of a centrifugal or axial compressor and a turbine connected to a common shaft. The compressor draws in air or gas and compresses it, while the turbine is powered by an external energy source, often an electric motor or a combustion engine. Turbocompressors are widely used in processes where compressed air or gas is essential, such as in power plants, petrochemical plants, wastewater treatment facilities, and various manufacturing industries. The Turbocompressor Market is expanding because of factors such as growing industrialization, increasing energy demand, and expanding oil and gas exploration.

The oil and gas industry extensively uses turbocompressors for activities such as gas processing, refining, and pipeline transportation. As exploration and production activities increase, so does the demand for turbocompressor solutions. The International Energy Agency reports that global oil consumption surged from 91 million barrels per day in 2020 to 99.4 million barrels per day in 2022, and it's projected to further increase to 104.1 million barrels per day by 2026. Furthermore, The Abu Dhabi National Oil Company (ADNOC) planned investments in November 2021 that could total up to about USD 6 billion (AED 22 billion) to support increased drilling as it increases its ability to produce crude oil to 5 million barrels per day (mmbpd) by 2030. Similarly, in January 2023, the Uganda government announced its plans to develop oil rigs and production with an investment of USD 2 billion and the start of drilling the first production well, a key milestone as the country races to meet its target of first oil output in 2025 after a long delay. Thus, rising oil exploration and drilling activities are driving the market growth. In addition, the rising focus on the adoption of sustainable practices and the rising demand for compressed air in manufacturing are creating new opportunities for the market growth. However, the availability of substitute products stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Turbocompressor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. North America is projected to hold a significant market share, primarily attributed to the widespread adoption of technological advancements in products. The presence of key industry players such as GE Power and Elliot Group is anticipated to contribute to the regional market's growth. Moreover, these manufacturers have established a strong foothold in the North American market. The water and wastewater industries are expected to be key drivers for market expansion. In Canada, for instance, municipal wastewater systems have served approximately 86% of the population, underscoring the importance of turbocompressors in supporting essential infrastructure. Asia Pacific is expected to grow at the fastest rate over the forecast period, The expansion of the Asia Pacific market can be attributed to various factors, including rapid economic growth leading to increased industrialization, modernization of agriculture, and urban development. Furthermore, key countries such as China, India, South Korea, Indonesia, and Taiwan have substantial contributions to the global chemical industry, a significant application area for the product.

Major market player included in this report are:

  • Atlas Copco AB
  • Elliott Group
  • General Electric
  • Howden Group
  • Ingersoll Rand
  • Kawasaki Heavy Industries, Ltd.
  • KOBE STEEL, LTD.
  • MAN Energy Solutions
  • Mitsubishi Heavy Industries, Ltd.
  • Siemens AG

Recent Developments in the Market:

  • In August 2021, the U.S. Department of Energy awarded a contract to R&D Dynamics Corporation, headquartered in Bloomfield, Connecticut. This contract, a part of the Million Mile Fuel Cell Truck program, focuses on producing air management system compressors tailored for heavy-duty truck applications. R&D Dynamics Corporation is well-known for its groundbreaking work in clean energy technology, including the development and manufacturing of turbocompressors for fuel cells and turbogenerators for waste heat recovery power generation.
  • In February 2020, Siemens, a prominent German engineering company, finalized an agreement to supply boil-off compressor (BOG) packages featuring STC-SV turbocompressors for Venture Global's LNG project. Venture Global, a leading liquefied natural gas (LNG) producer based in the United States, is driving this initiative forward. The LNG export facility is anticipated to generate approximately 10 million tonnes per annum of clean energy for global exportation.

Global Turbocompressor Market Report Scope:

  • Historical Data - 2020 - 2021
  • Base Year for Estimation - 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Storage, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

  • Centrifugal Turbocompressor
  • Axial Turbocompressor

By Stage:

  • Single-Stage
  • Multi-Stage

By Application:

  • Oil & Gas
  • Power Generation
  • Chemical
  • Water & Wastewater
  • Automotive
  • Mining
  • Others

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Table of Contents

Chapter 1.Executive Summary

  • 1.1.Market Snapshot
  • 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
    • 1.2.1.Turbocompressor Market, by Region, 2020-2030 (USD Billion)
    • 1.2.2.Turbocompressor Market, by Type, 2020-2030 (USD Billion)
    • 1.2.3.Turbocompressor Market, by Stage, 2020-2030 (USD Billion)
    • 1.2.4.Turbocompressor Market, by Application, 2020-2030 (USD Billion)
  • 1.3.Key Trends
  • 1.4.Estimation Methodology
  • 1.5.Research Assumption

Chapter 2.Global Turbocompressor Market Definition and Scope

  • 2.1.Objective of the Study
  • 2.2.Market Definition & Scope
    • 2.2.1.Industry Evolution
    • 2.2.2.Scope of the Study
  • 2.3.Years Considered for the Study
  • 2.4.Currency Conversion Rates

Chapter 3.Global Turbocompressor Market Dynamics

  • 3.1.Turbocompressor Market Impact Analysis (2020-2030)
    • 3.1.1.Market Drivers
      • 3.1.1.1.Growing industrialization
      • 3.1.1.2.Increasing energy demand
      • 3.1.1.3.Expanding oil and gas exploration
    • 3.1.2.Market Challenges
      • 3.1.2.1.Availability of substitute products
    • 3.1.3.Market Opportunities
      • 3.1.3.1.Rising focus on adoption of sustainable practices
      • 3.1.3.2.Rising demand for compressed air in manufacturing

Chapter 4.Global Turbocompressor Market Industry Analysis

  • 4.1.Porter's 5 Force Model
    • 4.1.1.Bargaining Power of Suppliers
    • 4.1.2.Bargaining Power of Buyers
    • 4.1.3.Threat of New Entrants
    • 4.1.4.Threat of Substitutes
    • 4.1.5.Competitive Rivalry
  • 4.2.Porter's 5 Force Impact Analysis
  • 4.3.PEST Analysis
    • 4.3.1.Political
    • 4.3.2.Economical
    • 4.3.3.Social
    • 4.3.4.Technological
    • 4.3.5.Environmental
    • 4.3.6.Legal
  • 4.4.Top investment opportunity
  • 4.5.Top winning strategies
  • 4.6.COVID-19 Impact Analysis
  • 4.7.Disruptive Trends
  • 4.8.Industry Expert Perspective
  • 4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Turbocompressor Market, by Type

  • 5.1.Market Snapshot
  • 5.2.Global Turbocompressor Market by Type, Performance - Potential Analysis
  • 5.3.Global Turbocompressor Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
  • 5.4.Turbocompressor Market, Sub Segment Analysis
    • 5.4.1. Centrifugal Turbocompressor
    • 5.4.2.Axial Turbocompressor

Chapter 6.Global Turbocompressor Market, by Stage

  • 6.1.Market Snapshot
  • 6.2.Global Turbocompressor Market by Stage, Performance - Potential Analysis
  • 6.3.Global Turbocompressor Market Estimates & Forecasts by Stage 2020-2030 (USD Billion)
  • 6.4.Turbocompressor Market, Sub Segment Analysis
    • 6.4.1.Single-Stage
    • 6.4.2.Multi-Stage

Chapter 7.Global Turbocompressor Market, by Application

  • 7.1.Market Snapshot
  • 7.2.Global Turbocompressor Market by Application, Performance - Potential Analysis
  • 7.3.Global Turbocompressor Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
  • 7.4.Turbocompressor Market, Sub Segment Analysis
    • 7.4.1. Oil & Gas
    • 7.4.2.Power Generation
    • 7.4.3.Chemical
    • 7.4.4.Water & Wastewater
    • 7.4.5.Automotive
    • 7.4.6.Mining
    • 7.4.7.Others

Chapter 8.Global Turbocompressor Market, Regional Analysis

  • 8.1.Top Leading Countries
  • 8.2.Top Emerging Countries
  • 8.3.Turbocompressor Market, Regional Market Snapshot
  • 8.4.North America Turbocompressor Market
    • 8.4.1.U.S. Turbocompressor Market
      • 8.4.1.1.Type breakdown estimates & forecasts, 2020-2030
      • 8.4.1.2.Stage breakdown estimates & forecasts, 2020-2030
      • 8.4.1.3.Application breakdown estimates & forecasts, 2020-2030
    • 8.4.2.Canada Turbocompressor Market
  • 8.5.Europe Turbocompressor Market Snapshot
    • 8.5.1.U.K. Turbocompressor Market
    • 8.5.2.Germany Turbocompressor Market
    • 8.5.3.France Turbocompressor Market
    • 8.5.4.Spain Turbocompressor Market
    • 8.5.5.Italy Turbocompressor Market
    • 8.5.6.Rest of Europe Turbocompressor Market
  • 8.6.Asia-Pacific Turbocompressor Market Snapshot
    • 8.6.1.China Turbocompressor Market
    • 8.6.2.India Turbocompressor Market
    • 8.6.3.Japan Turbocompressor Market
    • 8.6.4.Australia Turbocompressor Market
    • 8.6.5.South Korea Turbocompressor Market
    • 8.6.6.Rest of Asia Pacific Turbocompressor Market
  • 8.7.Latin America Turbocompressor Market Snapshot
    • 8.7.1.Brazil Turbocompressor Market
    • 8.7.2.Mexico Turbocompressor Market
  • 8.8.Middle East & Africa Turbocompressor Market
    • 8.8.1.Saudi Arabia Turbocompressor Market
    • 8.8.2.South Africa Turbocompressor Market
    • 8.8.3.Rest of Middle East & Africa Turbocompressor Market

Chapter 9.Competitive Intelligence

  • 9.1.Key Company SWOT Analysis
  • 9.2.Top Market Strategies
  • 9.3.Company Profiles
    • 9.3.1. Atlas Copco AB
      • 9.3.1.1.Key Information
      • 9.3.1.2.Overview
      • 9.3.1.3.Financial (Subject to Data Availability)
      • 9.3.1.4.Product Summary
      • 9.3.1.5.Recent Developments
    • 9.3.2. Elliott Group
    • 9.3.3.General Electric
    • 9.3.4.Howden Group
    • 9.3.5.Ingersoll Rand
    • 9.3.6.Kawasaki Heavy Industries, Ltd.
    • 9.3.7.KOBE STEEL, LTD.
    • 9.3.8.MAN Energy Solutions
    • 9.3.9.Mitsubishi Heavy Industries, Ltd.
    • 9.3.10.Siemens AG

Chapter 10.Research Process

  • 10.1.Research Process
    • 10.1.1.Data Mining
    • 10.1.2.Analysis
    • 10.1.3.Market Estimation
    • 10.1.4.Validation
    • 10.1.5.Publishing
  • 10.2.Research Attributes
  • 10.3.Research Assumption

LIST OF TABLES

  • TABLE 1.Global Turbocompressor Market, report scope
  • TABLE 2.Global Turbocompressor Market estimates & forecasts by Region 2020-2030 (USD Billion)
  • TABLE 3.Global Turbocompressor Market estimates & forecasts by Type 2020-2030 (USD Billion)
  • TABLE 4.Global Turbocompressor Market estimates & forecasts by Stage 2020-2030 (USD Billion)
  • TABLE 5.Global Turbocompressor Market estimates & forecasts by Application 2020-2030 (USD Billion)
  • TABLE 6.Global Turbocompressor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 7.Global Turbocompressor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 8.Global Turbocompressor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 9.Global Turbocompressor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 10.Global Turbocompressor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 11.Global Turbocompressor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 12.Global Turbocompressor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 13.Global Turbocompressor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 14.Global Turbocompressor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 15.Global Turbocompressor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 16.U.S. Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 17.U.S. Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 18.U.S. Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 19.Canada Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 20.Canada Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 21.Canada Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 22.UK Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 23.UK Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 24.UK Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 25.Germany Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 26.Germany Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 27.Germany Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 28.France Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 29.France Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 30.France Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 31.Italy Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 32.Italy Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 33.Italy Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 34.Spain Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 35.Spain Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 36.Spain Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 37.RoE Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 38.RoE Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 39.RoE Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 40.China Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 41.China Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 42.China Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 43.India Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 44.India Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 45.India Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 46.Japan Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 47.Japan Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 48.Japan Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 49.South Korea Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 50.South Korea Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 51.South Korea Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 52.Australia Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 53.Australia Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 54.Australia Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 55.RoAPAC Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 56.RoAPAC Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 57.RoAPAC Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 58.Brazil Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 59.Brazil Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 60.Brazil Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 61.Mexico Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 62.Mexico Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 63.Mexico Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 64.RoLA Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 65.RoLA Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 66.RoLA Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 67.Saudi Arabia Turbocompressor Market estimates & forecasts, 2020-2030 (USD Billion)
  • TABLE 68.South Africa Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 69.RoMEA Turbocompressor Market estimates & forecasts by segment 2020-2030 (USD Billion)
  • TABLE 70.List of secondary sources, used in the study of global Turbocompressor Market
  • TABLE 71.List of primary sources, used in the study of global Turbocompressor Market
  • TABLE 72.Years considered for the study
  • TABLE 73.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

  • FIG 1.Global Turbocompressor Market, research methodology
  • FIG 2.Global Turbocompressor Market, Market estimation techniques
  • FIG 3.Global Market size estimates & forecast methods
  • FIG 4.Global Turbocompressor Market, key trends 2022
  • FIG 5.Global Turbocompressor Market, growth prospects 2023-2030
  • FIG 6.Global Turbocompressor Market, porters 5 force model
  • FIG 7.Global Turbocompressor Market, pest analysis
  • FIG 8.Global Turbocompressor Market, value chain analysis
  • FIG 9.Global Turbocompressor Market by segment, 2020 & 2030 (USD Billion)
  • FIG 10.Global Turbocompressor Market by segment, 2020 & 2030 (USD Billion)
  • FIG 11.Global Turbocompressor Market by segment, 2020 & 2030 (USD Billion)
  • FIG 12.Global Turbocompressor Market by segment, 2020 & 2030 (USD Billion)
  • FIG 13.Global Turbocompressor Market by segment, 2020 & 2030 (USD Billion)
  • FIG 14.Global Turbocompressor Market, regional snapshot 2020 & 2030
  • FIG 15.North America Turbocompressor Market 2020 & 2030 (USD Billion)
  • FIG 16.Europe Turbocompressor Market 2020 & 2030 (USD Billion)
  • FIG 17.Asia pacific Turbocompressor Market 2020 & 2030 (USD Billion)
  • FIG 18.Latin America Turbocompressor Market 2020 & 2030 (USD Billion)
  • FIG 19.Middle East & Africa Turbocompressor Market 2020 & 2030 (USD Billion)

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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