Press release
Turbo Compressor Market Volume Analysis, Segments, Value Share and Key Trends 2025
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.
Request Sample Report @ https://www.persistencemarketresearch.com/samples/13066
Turbo-compressor Market: Drivers
Increase in LNG (liquefied natural gas) transport is anticipated to upsurge the demand for turbo-compressors during the forecast period. Furthermore, the emergence of new oil & gas industry in Middle East & Africa region is projected to escalate the demand for turbo-compressors in near future. Additionally, increasing adoption of turbo-compressors in the power generation processes is expected to create lucrative growth opportunities in near future.
Turbo-compressor Market: Restraints
Maturity of the product in the European market is expected to hamper the growth of global turbo-compressors during the forecast period. Moreover, introduction of new turbo-compressor technology like the rotary screw compressors is anticipated to restrict the growth of the global turbo-compressor market during the forecast period.
Turbo-compressor Market: Segmentation
The global turbo-compressor market can be segmented on the basis of product type, stage, output pressure and applications. On the basis of product type, the market can be segmented into axial turbo-compressors and centrifugal turbo-compressors. On the basis of stage, the global turbo-compressor market can be segmented into single stage and multiple stage. On the basis of output pressure, the market can be segmented into 0 bar – 20 bar, 21 bar – 100 bar and 100 bar and above. On the basis of application, the global turbo-compressor market is segmented into power generation, oil & gas, and others (pharmaceuticals, mining, etc.).
Turbo-compressor Market: Region Wise Analysis
On the basis of region, the Asia Pacific is expected to be the most promising and revenue generating region in the global turbo-compressor market due to the presence of large chemical plants, oil refineries, etc. In 2015, the Asia Pacific region held more than 60% share in the global chemical sales market. Moreover, rapid industrialization in Asia Pacific countries like India and China coupled with decline in oil prices is further projected to drive the growth in this region. North America and Europe are projected to witness steady growth during the forecast period. However, increasing LNG trade in North America is expected to fuel the demand for turbo-compressors in near future as they are widely used for storage and gas transportation. Middle East & Africa is expected to witness significant growth in near future. The growth of oil & gas sector in this region is anticipated to escalate the demand for turbo-compressors in this region.
Request to View TOC @ https://www.persistencemarketresearch.com/toc/13066
Turbo-compressor Market: Market Participants
Some of the market participants identified in the global turbo-compressor market are mentioned below:
Sulzer Ltd.
Siemens AG
Mitsubishi Heavy Industries Compressor Corporation
General Electric
MAN Diesel & Turbo
Atlas Copco AB
Kawasaki Heavy Industries, Ltd.
Howden Group Ltd
Elliott Group
Ingersoll Rand
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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.
Request Sample Report @ https://www.persistencemarketresearch.com/samples/13066
Turbo-compressor Market: Drivers
Increase in LNG (liquefied natural gas) transport is anticipated to upsurge the demand for turbo-compressors during the forecast period. Furthermore, the emergence of new oil & gas industry in Middle East & Africa region is projected to escalate the demand for turbo-compressors in near future. Additionally, increasing adoption of turbo-compressors in the power generation processes is expected to create lucrative growth opportunities in near future.
Turbo-compressor Market: Restraints
Maturity of the product in the European market is expected to hamper the growth of global turbo-compressors during the forecast period. Moreover, introduction of new turbo-compressor technology like the rotary screw compressors is anticipated to restrict the growth of the global turbo-compressor market during the forecast period.
Turbo-compressor Market: Segmentation
The global turbo-compressor market can be segmented on the basis of product type, stage, output pressure and applications. On the basis of product type, the market can be segmented into axial turbo-compressors and centrifugal turbo-compressors. On the basis of stage, the global turbo-compressor market can be segmented into single stage and multiple stage. On the basis of output pressure, the market can be segmented into 0 bar – 20 bar, 21 bar – 100 bar and 100 bar and above. On the basis of application, the global turbo-compressor market is segmented into power generation, oil & gas, and others (pharmaceuticals, mining, etc.).
Turbo-compressor Market: Region Wise Analysis
On the basis of region, the Asia Pacific is expected to be the most promising and revenue generating region in the global turbo-compressor market due to the presence of large chemical plants, oil refineries, etc. In 2015, the Asia Pacific region held more than 60% share in the global chemical sales market. Moreover, rapid industrialization in Asia Pacific countries like India and China coupled with decline in oil prices is further projected to drive the growth in this region. North America and Europe are projected to witness steady growth during the forecast period. However, increasing LNG trade in North America is expected to fuel the demand for turbo-compressors in near future as they are widely used for storage and gas transportation. Middle East & Africa is expected to witness significant growth in near future. The growth of oil & gas sector in this region is anticipated to escalate the demand for turbo-compressors in this region.
Request to View TOC @ https://www.persistencemarketresearch.com/toc/13066
Turbo-compressor Market: Market Participants
Some of the market participants identified in the global turbo-compressor market are mentioned below:
Sulzer Ltd.
Siemens AG
Mitsubishi Heavy Industries Compressor Corporation
General Electric
MAN Diesel & Turbo
Atlas Copco AB
Kawasaki Heavy Industries, Ltd.
Howden Group Ltd
Elliott Group
Ingersoll Rand
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
