About Turbocompressor-
A Turbocompressor is a device that increases the total power of the internal combustion engine using the kinetic energy of exhaust gases. Turbocompressor of both axial and centrifugal types are widely used for the compression and injection of gases and offer various benefits, which include low noise levels and high-power density. Turbo-compressors used to boost the power of diesel engines are operated by radial turbines, which have a larger capacity to absorb or deliver power. it is used the primary machines used in the processing and transmission of natural gas.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The global Turbocompressor is fragmented market. with key players such as Atlas Copco AB,the key players in the turbo compressors market compete. Based on their ability to provide efficient and reliable solutions that meet diverse needs for end users. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Turbocompressor- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Atlas Copco AB (Sweden), Elliott Group Ltd. (Pennsylvania), General Electric Company (United States), Kawasaki Heavy Industries Ltd.(Japan), Howden Compressors Ltd (United Kingdom), Ingersoll-Rand PLC (United States), Kobe Steel Ltd. (Japan), Man SE (Germany), Mitsubishi Heavy Industries Ltd. (Japan), Siemens AG (Germany) and Baker Hughes Company (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ingersoll Rand (Ireland), Atlas Copco (Sweden), Elliot Group (United States) and Howden (Scotland).
Segmentation Overview
AMA Research has segmented the market of Global Turbocompressor- market by Type (Single Turbo, Twin Turbo, Twin-Scroll Turbo, Variable Twin-Scroll Turbo, Variable Geometry Turbo and Electric Turbo), Application (Oil and Gas, Power Generation, Chemical, Water and Wastewater, Automotive, Mining and Others) and Region.
On the basis of geography, the market of Turbocompressor- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Stage, the sub-segment i.e. Single stage will boost the Turbocompressor- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Turbocompressors demand in midstream Oil & gas Industry and Rise for gas demand for energy production
Market Growth Drivers:
Rising demand for natural gas and the expansion of the pipeline network
Challenges:
High installations and maintenance cost and Fluctuating raw material prices
Restraints:
Increasing demand for oil-free compressors and The growing share of renewable energy and electrical vehicles
Opportunities:
The growing popularity of green hydrogen and The rise in manufacturing activities in APAC and LAMEA regions
Market Leaders and their expansionary development strategies
In September 2023, Turbo Products, LLC, a wholly owned entity of Omega Thermo Products, LLC, announced the acquisition of the Turbo division from Vogt Ice, LLC. The sale includes all the assets and manufacturing rights to all the Turbo Plate products formerly produced by Vogt Ice, LLC. The assets manufactured are falling film chillers and fragmented ice machines.
In October 2018, Sulzer launched The HST 30 is the newest addition to the HST line of high-speed turbocompressors. It offers more flow and pressure at significantly higher efficiency than its predecessors. This translates into big savings in the energy consumed by low-pressure air compression, both in wastewater treatment and industrial processes.
Key Target Audience
Manufacturing, Providers, Suppliers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.