Market Overview:
The global compressor wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for compressors in various industries such as automobile, manufacturing, oil & gas and water treatment. In terms of type, the 20 mm – 40 mm segment is expected to dominate the global compressor wheels market during the forecast period owing to its low cost and easy installation. However, with technological advancements, there has been an increase in demand for larger compressor wheels (more than 60 mm) which offer high performance and efficiency.
Product Definition:
Compressor Wheels are the key component of a turbocharger. They are responsible for compressing air and forcing it into the engine. This increases the power and efficiency of the engine. Compressor wheels can be made from a variety of materials, including aluminum, stainless steel, or titanium.
20 mm – 40 mm:
20 mm - 40 mm compressor wheels are used in reciprocating compressors to increase the pressure of air or gas. The 20-40 compressor wheel is a key component of reciprocating compressors and plays an important role in their functioning. These components are manufactured using different materials such as cast iron, steel, aluminum and carbon fiber among others.
40 mm – 60 mm:
40 mm - 60 mm compressor wheels are used in gas and liquid handling applications. 40 - 60 mm size compressor wheel is designed to handle gases or liquids with a volumetric capacity of up to 1.5 m3/h and a pressure rating of up to 5 bar.
These sizes are commonly used for air compressors, but can also be applied in various other industries such as oil & gas, chemical processing, food & beverage processing, pharmaceuticals manufacturing etc.
Application Insights:
Automotive application dominated the global compressor wheels market, accounting for a share of 33.3% in 2017. The rising demand for passenger vehicles in developing countries including India and China on account of increasing disposable income levels coupled with easy access to loans is expected to have a positive impact on the industry growth over the forecast period. In addition, stringent government regulations regarding air pollution and fuel efficiency are anticipated to further propel industry expansion over the next eight years.
The manufacturing industry accounted for another major share in 2017 owing to increased utilization of compressors across power generation plants, industrial gas turbines and chemical processing facilities as compressors provide high-pressure cooling water necessary for these industries' operations without any additional energy costs or environmental impacts compared with other sources such as steam generators or chillers.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising industrial activities in this region. For instance, China is one of the largest manufacturing hubs and it also has a strong presence in many other industries such as construction, automotive, electronics and others. Thus, owing to its strong presence across various sectors including manufacturing industry and oil & gas industry; Asia Pacific is projected to emerge as one of the promising markets for compressor wheels during the forecast period.
Europe accounted for more than 25% revenue share in 2017 owing to high demand from end-use industries such as oil & gas industry and water treatment sector that are based primarily in Germany, France Italy Russia Spain U.K., Poland etcetera).
Growth Factors:
- Increasing demand for energy efficient compressors
- Rising popularity of screw compressors over piston compressors
- Growing investments in oil and gas sector
- Proliferation of compressed air systems in various industries
- Technological advancements in compressor wheel design
Scope Of The Report
Report Attributes
Report Details
Report Title
Compressor Wheels Market Research Report
By Type
20 mm – 40 mm, 40 mm – 60 mm, More than 60 mm
By Application
Automobile Industry, Manufacturing Industry, Oil & Gas Industry, Water Treatment Industry
By Companies
ABI Showatech(India)Private Limited, Nelcon Motor Company, Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd, E & E Turbo, Turbotech Precision Products Ltd, UACJ Corporation, Doncasters Group Ltd, Melett Ltd, Wabtec Corporation, Garrett Motion Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Compressor Wheels Market Report Segments:
The global Compressor Wheels market is segmented on the basis of:
Types
20 mm – 40 mm, 40 mm – 60 mm, More than 60 mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile Industry, Manufacturing Industry, Oil & Gas Industry, Water Treatment Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABI Showatech(India)Private Limited
- Nelcon Motor Company
- Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd
- E & E Turbo
- Turbotech Precision Products Ltd
- UACJ Corporation
- Doncasters Group Ltd
- Melett Ltd
- Wabtec Corporation
- Garrett Motion Inc
Highlights of The Compressor Wheels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 20 mm – 40 mm
- 40 mm – 60 mm
- More than 60 mm
- By Application:
- Automobile Industry
- Manufacturing Industry
- Oil & Gas Industry
- Water Treatment Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compressor Wheels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compressor wheels are used to increase the air pressure in an engine. This is done by using a rotating fan to create a wind flow around the compressor wheel. The higher air pressure causes the engine to run more efficiently and produce more power.
Some of the major companies in the compressor wheels market are ABI Showatech(India)Private Limited, Nelcon Motor Company, Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd, E & E Turbo, Turbotech Precision Products Ltd, UACJ Corporation, Doncasters Group Ltd, Melett Ltd, Wabtec Corporation, Garrett Motion Inc.
The compressor wheels market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compressor Wheels Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Compressor Wheels Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Compressor Wheels Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Compressor Wheels Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Compressor Wheels Market Size & Forecast, 2020-2028 4.5.1 Compressor Wheels Market Size and Y-o-Y Growth 4.5.2 Compressor Wheels Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 20 mm – 40 mm
5.2.2 40 mm – 60 mm
5.2.3 More than 60 mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Manufacturing Industry
6.2.3 Oil & Gas Industry
6.2.4 Water Treatment Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compressor Wheels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compressor Wheels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 20 mm – 40 mm
9.6.2 40 mm – 60 mm
9.6.3 More than 60 mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Manufacturing Industry
9.10.3 Oil & Gas Industry
9.10.4 Water Treatment Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 20 mm – 40 mm
10.6.2 40 mm – 60 mm
10.6.3 More than 60 mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Manufacturing Industry
10.10.3 Oil & Gas Industry
10.10.4 Water Treatment Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 20 mm – 40 mm
11.6.2 40 mm – 60 mm
11.6.3 More than 60 mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Manufacturing Industry
11.10.3 Oil & Gas Industry
11.10.4 Water Treatment Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 20 mm – 40 mm
12.6.2 40 mm – 60 mm
12.6.3 More than 60 mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Manufacturing Industry
12.10.3 Oil & Gas Industry
12.10.4 Water Treatment Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 20 mm – 40 mm
13.6.2 40 mm – 60 mm
13.6.3 More than 60 mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Manufacturing Industry
13.10.3 Oil & Gas Industry
13.10.4 Water Treatment Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compressor Wheels Market: Competitive Dashboard
14.2 Global Compressor Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABI Showatech(India)Private Limited
14.3.2 Nelcon Motor Company
14.3.3 Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd
14.3.4 E & E Turbo
14.3.5 Turbotech Precision Products Ltd
14.3.6 UACJ Corporation
14.3.7 Doncasters Group Ltd
14.3.8 Melett Ltd
14.3.9 Wabtec Corporation
14.3.10 Garrett Motion Inc