Turbocompressor Market Report: Trends, Forecast and Competitive Analysis to 2030

Turbocompressor Trends and Forecast

The future of the global turbocompressor market looks promising with opportunities in the oil & gas, power generation, chemical, water & wastewater, automotive, and mining markets. The global turbocompressor market is expected to reach an estimated $23.0 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are expanding gas pipeline network across regions, greater demand for clean electricity, and rising use of this compressor among various industries.

A more than 150-page report is developed to help in your business decisions.

Turbocompressor by Segment

The study includes a forecast for the global turbocompressor by type, stage, application, and region.

Turbocompressor Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Centrifugal Turbocompressor
• Axial Turbocompressor

Turbocompressor Market by Stage [Shipment Analysis by Value from 2018 to 2030]:

• Single-Stage
• Multi-Stage

Turbocompressor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

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

Turbocompressor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Turbocompressor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies turbocompressor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the turbocompressor companies profiled in this report include-

• Ingersoll Rand
• Atlas Copco
• Elliot
• Howden
• Kawasaki Heavy Industries
• Kobe Steel
• MAN
• Mitsubishi Heavy Industries
• GE
• Sulzer

Turbocompressor Market Insights

Lucintel forecasts that centrifugal will remain the larger segment due to its comparatively low energy consumption, smooth operation, and minimal vibration and noise.

Within this market, oil & gas will remain the largest segment due to widespread use of these compressors in this industry for electricity generation, compression, and pumping.

North America will remain the largest region due to the presence of prominent players in the region.

Features of the Global Turbocompressor Market

Market Size Estimates: Turbocompressor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Turbocompressor market size by type, stage, application, and region in terms of value ($B).

Regional Analysis: Turbocompressor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, stages, applications, and regions for the turbocompressor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the turbocompressor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the turbocompressor market size?

Answer: The global turbocompressor market is expected to reach an estimated $23.0 billion by 2030.

Q2. What is the growth forecast for turbocompressor market?

Answer: The global turbocompressor market is expected to grow with a CAGR of 6.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the turbocompressor market?

Answer: The major drivers for this market are expanding gas pipeline network across regions, greater demand for clean electricity, and rising use of this compressor among various industries.

Q4. What are the major segments for turbocompressor market?

Answer: The future of the turbocompressor market looks promising with opportunities in the oil & gas, power generation, chemical, water & wastewater, automotive, and mining markets.

Q5. Who are the key turbocompressor market companies?

Answer: Some of the key turbocompressor companies are as follows:

• Ingersoll Rand
• Atlas Copco
• Elliot
• Howden
• Kawasaki Heavy Industries
• Kobe Steel
• MAN
• Mitsubishi Heavy Industries
• GE
• Sulzer

Q6. Which turbocompressor market segment will be the largest in future?

Answer: Lucintel forecasts that centrifugal will remain the larger segment due to its comparatively low energy consumption, smooth operation, and minimal vibration and noise.

Q7. In turbocompressor market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to the presence of prominent players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the turbocompressor market by type (centrifugal turbocompressor and axial turbocompressor), stage (single-stage and multi-stage), application (oil & gas, power generation, chemical, water & wastewater, automotive, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?