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PUBLISHER: IMARC | PRODUCT CODE: 1561651
PUBLISHER: IMARC | PRODUCT CODE: 1561651
Turbocompressors Market Report by Type (Centrifugal Compressors, Axial Compressors), Stage (Single Stage, Multi-stage), End User (Oil and Gas, Power Generation, Chemical, Water and Wastewater, and Others), and Region 2024-2032
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The global turbocompressors market size reached US$ 19.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
Turbocompressors are widely used in process plants to concentrate a compressible gas via dynamic principles. They also find application in the gas supply chain, energy recovery, and power generation during natural gas processing and petrochemical production. At present, they are widely available in various types, depending on the requirement of end users. For instance, water turbocompressors help produce refrigerants for the liquefaction of gases, such as oxygen, nitrogen, and helium, in different industrial processes. In addition, product variants operated by radial turbines provide a large capacity to absorb or deliver power, which helps boost the power of diesel engines.
Turbocompressors Market Trends:
Surging energy needs, along with a rapid rise in the installation of turboexpanders in offshore oil production sites, represents one of the major factors fueling the demand for turbocompressors in oil and gas facilities across the globe. Moreover, industries worldwide are emphasizing upgrading their existing turbocompressors with the latest high-efficiency impellers, blades, and sealing technologies. This is propelling leading players in improving the overall performance and reducing operational expenditures (OPEX) of machines. Apart from this, due to high requirements on efficiency and optimized specific power consumption, these players are focusing on improving the aerodynamic features of rotating equipment. They are also introducing lightweight, compact, and high-performance product variants with low energy costs and user-friendly microprocessors to stay competitive in the market. These variants have high power density and reliability, which help reduce the noise level and save fuel, resources, and energy. This, coupled with the boosting sales of vehicles on account of inflating income levels, is anticipated to increase the utilization of turbocompressors in the automotive industry for a reliable and cost-effective supply of oil-free compressed air.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global turbocompressors market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, stage and end user.
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
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:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
- 1. How big is the global turbocompressors market?
- 2. What is the expected growth rate of the global turbocompressors market during 2024-2032?
- 3. What are the key factors driving the global turbocompressors market?
- 4. What has been the impact of COVID-19 on the global turbocompressors market?
- 5. What is the breakup of the global turbocompressors market based on the type?
- 6. What is the breakup of the global turbocompressors market based on the stage?
- 7. What is the breakup of the global turbocompressors market based on the end user?
- 8. What are the key regions in the global turbocompres market?
- 9. Who are the key players/companies in the global turbocompressors market?
Product Code: SR112024A4667
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Turbocompressors Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Centrifugal Compressors
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Axial Compressors
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Stage
- 7.1 Single Stage
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Multi-stage
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Power Generation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Chemical
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Water and Wastewater
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Atlas Copco AB
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 BorgWarner Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Continental AG
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Cummins Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Eaton Corporation plc
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Howden Group Holdings Ltd
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Ingersoll Rand Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Kawasaki Heavy Industries Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 MAN Energy Solutions SE (Volkswagen AG)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Mitsubishi Heavy Industries Ltd
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Siemens AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Sulzer Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.1 Atlas Copco AB
Product Code: SR112024A4667
List of Figures
- Figure 1: Global: Turbocompressors Market: Major Drivers and Challenges
- Figure 2: Global: Turbocompressors Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Turbocompressors Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Turbocompressors Market: Breakup by Type (in %), 2023
- Figure 5: Global: Turbocompressors Market: Breakup by Stage (in %), 2023
- Figure 6: Global: Turbocompressors Market: Breakup by End User (in %), 2023
- Figure 7: Global: Turbocompressors Market: Breakup by Region (in %), 2023
- Figure 8: Global: Turbocompressors (Centrifugal Compressors) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Turbocompressors (Centrifugal Compressors) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Turbocompressors (Axial Compressors) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Turbocompressors (Axial Compressors) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Turbocompressors (Single Stage) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Turbocompressors (Single Stage) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Turbocompressors (Multi-stage) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Turbocompressors (Multi-stage) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Turbocompressors (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Turbocompressors (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Turbocompressors (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Turbocompressors (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Turbocompressors (Chemical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Turbocompressors (Chemical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Turbocompressors (Water and Wastewater) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Turbocompressors (Water and Wastewater) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Turbocompressors (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Turbocompressors (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: North America: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: North America: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: United States: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: United States: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Canada: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Canada: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Asia-Pacific: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Asia-Pacific: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: China: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: China: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Japan: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Japan: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: India: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: India: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: South Korea: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: South Korea: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Australia: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Australia: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Indonesia: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Indonesia: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Others: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Others: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Europe: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Europe: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Germany: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Germany: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: France: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: France: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: United Kingdom: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: United Kingdom: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Italy: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Italy: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Spain: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Spain: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Russia: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Russia: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Others: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Others: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Latin America: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Latin America: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Brazil: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Brazil: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Mexico: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Mexico: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Middle East and Africa: Turbocompressors Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Middle East and Africa: Turbocompressors Market: Breakup by Country (in %), 2023
- Figure 74: Middle East and Africa: Turbocompressors Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Global: Turbocompressors Industry: SWOT Analysis
- Figure 76: Global: Turbocompressors Industry: Value Chain Analysis
- Figure 77: Global: Turbocompressors Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Turbocompressors Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Turbocompressors Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Turbocompressors Market Forecast: Breakup by Stage (in Million US$), 2024-2032
- Table 4: Global: Turbocompressors Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 5: Global: Turbocompressors Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Turbocompressors Market: Competitive Structure
- Table 7: Global: Turbocompressors Market: Key Players
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