Turbo Compressors Market Key Companies Profile, Trends, Share and Growth Forecast 2022
Turbo Compressors Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
(EMAILWIRE.COM, October 09, 2018 ) The primary purpose of turbo compressors is to eliminate the pressure surges during the process of gas injection, which in present is demanding technique in all heavy industries. The ongoing exploration processes in oil refineries & petrochemical plants in addition to HVAC in automation are some of the major factors attributing to market growth. However, huge operational and technical standards are factors hindering the market.
Oil & gas segment is accounted for largest market application, attributing to its huge demand for power generation and transportation usage. The 0-20 bar segment holds creditable share as turbo compressors are used in various applications including fertilizer plants, refineries, air compression and refrigeration. North America holds the largest market share on account of present shale gas exploration. While Asia Pacific is estimated to be the fastest growing market in regard to increasing demand for axial turbo compressors followed by centrifugal turbo compressors.
Some of the key players of the Turbo Compressors market include Atlas Copco AB, Celeroton AG, Elliott Group Ltd., Enervac Corporation, Fischer AG, GE Oil & Gas, Howden Group Ltd., Ingersoll Rand PLC., Kawasaki Heavy Industries Ltd., Kobe Steel Ltd., kTurbo, Man Diesel & Turbo, Mitsubishi Heavy Industries, Ltd., Siemens AG, Sjerp & Jongeneel b.v., SKF and Sulzer Ltd.
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Global Turbo Compressors market is accounted for $12.76 billion in 2015 and is expected to reach $19.95 billion by 2022 growing at a CAGR of 6.6%.
Turbo-compressors are widely preferred for injecting and compressing gases. These compressors are more efficient in comparison to reciprocating compressors as they eliminate the pressure which develops in the injected gas. Turbo-compressors are primarily used for natural gas processing and transmission. Both, axial and centrifugal turbo-compressors are used in gas turbines for compression purposes. Innovations in products coupled with advancement in technology is expected to have a positive impact over the global turbo-compressor market.
Based on product type, the hydraulic turbo-compressor is expected to dominate the product type segment during the forecast period. However, axial turbo-compressors are projected to grow at a significant rate during the forecast period. Axial turbo-compressors are widely preferred in steel plants, chemical industry, etc. Based on application, the oil & gas segment is estimated to dominate the market over the forecast period. Turbo-compressors are widely preferred in oil & gas industry for extraction, refining, etc.
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Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Turbo Compressors Market Size
2.2 Turbo Compressors Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Turbo Compressors Market Size by Manufacturers
3.2 Turbo Compressors Key Players Head office and Area Served
3.3 Key Players Turbo Compressors Product/Solution/Service
3.4 Date of Enter into Turbo Compressors Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Turbo Compressors Sales by Product
4.2 Global Turbo Compressors Revenue by Product
4.3 Turbo Compressors Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Turbo Compressors Breakdown Data by End User
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Oil & gas segment is accounted for largest market application, attributing to its huge demand for power generation and transportation usage. The 0-20 bar segment holds creditable share as turbo compressors are used in various applications including fertilizer plants, refineries, air compression and refrigeration. North America holds the largest market share on account of present shale gas exploration. While Asia Pacific is estimated to be the fastest growing market in regard to increasing demand for axial turbo compressors followed by centrifugal turbo compressors.
Some of the key players of the Turbo Compressors market include Atlas Copco AB, Celeroton AG, Elliott Group Ltd., Enervac Corporation, Fischer AG, GE Oil & Gas, Howden Group Ltd., Ingersoll Rand PLC., Kawasaki Heavy Industries Ltd., Kobe Steel Ltd., kTurbo, Man Diesel & Turbo, Mitsubishi Heavy Industries, Ltd., Siemens AG, Sjerp & Jongeneel b.v., SKF and Sulzer Ltd.
Request sample copy at: https://www.reportsweb.com/inquiry&RW0001564895/sample
Global Turbo Compressors market is accounted for $12.76 billion in 2015 and is expected to reach $19.95 billion by 2022 growing at a CAGR of 6.6%.
Turbo-compressors are widely preferred for injecting and compressing gases. These compressors are more efficient in comparison to reciprocating compressors as they eliminate the pressure which develops in the injected gas. Turbo-compressors are primarily used for natural gas processing and transmission. Both, axial and centrifugal turbo-compressors are used in gas turbines for compression purposes. Innovations in products coupled with advancement in technology is expected to have a positive impact over the global turbo-compressor market.
Based on product type, the hydraulic turbo-compressor is expected to dominate the product type segment during the forecast period. However, axial turbo-compressors are projected to grow at a significant rate during the forecast period. Axial turbo-compressors are widely preferred in steel plants, chemical industry, etc. Based on application, the oil & gas segment is estimated to dominate the market over the forecast period. Turbo-compressors are widely preferred in oil & gas industry for extraction, refining, etc.
Have any query? Enquire about report at: https://www.reportsweb.com/inquiry&RW0001564895/buying
Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Turbo Compressors Market Size
2.2 Turbo Compressors Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Turbo Compressors Market Size by Manufacturers
3.2 Turbo Compressors Key Players Head office and Area Served
3.3 Key Players Turbo Compressors Product/Solution/Service
3.4 Date of Enter into Turbo Compressors Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Turbo Compressors Sales by Product
4.2 Global Turbo Compressors Revenue by Product
4.3 Turbo Compressors Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Turbo Compressors Breakdown Data by End User
Get more information at: https://www.reportsweb.com/inquiry&RW0001564895/discount
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results