Market Overview:
The global turbo compressor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for compressed air in various industries such as industrial, agricultural, transportation, and others. Additionally, the growing demand for energy-efficient equipment is also propelling the growth of the turbo compressor market. Based on type, the global turbo compressor market can be segmented into single stroke turbo compressors and two stroke turbo compressors. Single stroke turbo compressors are more popular than two stroke turbos due to their higher efficiency and reliability levels. Based on application, the global Turbo Compressor Market can be segmented into industrial applications, agricultural applications transportation applications,, and other applications including medical & healthcare facilities and oil & gas industry among others). Industrial sector accounted for majority share of total revenue generated by Turbo Compressor Market in 2017 owing to rising demand from manufacturing sector across globe .
Product Definition:
Turbo compressor is a compressor that uses a turbine to drive the compression process. It is important because it can achieve high compression ratios without the need for excessive power input.
Single Stroke Turbo Compressor:
Single stroke turbo compressor is a kind of gas turbine which uses exhaust gases as its working fluid. It's an ideal solution where the power to drive the compressor is provided by a separate engine from that for driving the turbine, thus eliminating the need for inter-compressor cooling and allowing higher efficiencies.
The single stroke turbo compressor market has been witnessing significant growth over recent years owing to several factors such as growing demand in end-use industries such as oil & gas, construction.
Two Stroke Turbo Compressor:
A two stroke turbo compressor is a kind of gas turbine which uses the power of two strokes to increase the pressure in a confined space. It works by expanding the gases twice within a short period at high speed. The working principle behind it is that when the engine starts, it compresses air into an enclosed space, and as more air is compressed into that enclosed space, then more power can be extracted to drive the machine.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 50% in 2017. The industrial applications include chemical, paper and pulp, oil & gas, power generation and others. The demand for compressors is expected to increase on account of growing industrialization especially in developing countries like India and China. In addition, the growing use of turbochargers as a means to reduce vehicle emissions is also likely to drive product demand over the forecast period.
The agricultural application segment was valued at USD 281 million in 2017 owing to rising adoption across emerging economies including Brazil Argentina , Vietnam Indonesia Thailand Malaysia Philippines Singapore etcetera where farmers still practice traditional methods due to lack of technological advancements coupled with high costs associated with modern machinery will drive growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing infrastructure activities in the region. The Asia Pacific region has witnessed significant growth in several industries, such as construction, agriculture, food & beverage and manufacturing over the past few years due to which there is an increased demand for turbo compressors. Furthermore, China’s rapid urbanization coupled with extensive infrastructure development projects will drive product demand further.
North America accounted for 24% of total revenue share in 2017 on account of high awareness regarding energy conservation along with stringent government regulations pertaining to carbon emission into atmosphere are anticipated boost product penetration across end-use sectors including power generation and oil & gas industry over next eight years. In addition, presence of major manufacturers including Cummins; Caterpillar Inc.; Emerson Electric Co.; Kawasaki Heavy Industries Ltd.; Hyundai Heavy Industries Co., Ltd; IHI Corporation; Johnson Controls Inc.
Growth Factors:
- Increasing demand for compressed air in various industries for various applications
- Growing awareness about the benefits of using compressed air systems
- Technological advancements in turbo compressor technology
- Rising demand from developing countries due to industrialization and growth of manufacturing sector
- Increasing adoption of turbo compressors in renewable energy applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Turbo Compressor Market Research Report
By Type
Single Stroke Turbo Compressor, Two Stroke Turbo Compressor
By Application
Industrial, Agricultural, Transportation, Other
By Companies
ABB Turbocharging, ALMIG Kompressoren, Celeroton AG, Enervac, FISCHER AG-Prazisionsspindeln, Howden BC Compressors, kTurbo, MAN Diesel & Turbo, Sjerp & Jongeneel, Sulzer Chemtech, ABB Turbocharging
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Turbo Compressor Market Report Segments:
The global Turbo Compressor market is segmented on the basis of:
Types
Single Stroke Turbo Compressor, Two Stroke Turbo Compressor
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
Industrial, Agricultural, Transportation, Other
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:
- ABB Turbocharging
- ALMIG Kompressoren
- Celeroton AG
- Enervac
- FISCHER AG-Prazisionsspindeln
- Howden BC Compressors
- kTurbo
- MAN Diesel & Turbo
- Sjerp & Jongeneel
- Sulzer Chemtech
- ABB Turbocharging
Highlights of The Turbo Compressor 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:
- Single Stroke Turbo Compressor
- Two Stroke Turbo Compressor
- By Application:
- Industrial
- Agricultural
- Transportation
- Other
- 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 Turbo Compressor 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Turbo Compressor is a software that helps you compress large files quickly.
Some of the major players in the turbo compressor market are ABB Turbocharging, ALMIG Kompressoren, Celeroton AG, Enervac, FISCHER AG-Prazisionsspindeln, Howden BC Compressors, kTurbo, MAN Diesel & Turbo, Sjerp & Jongeneel, Sulzer Chemtech, ABB Turbocharging.
The turbo compressor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Turbo Compressor 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 Turbo Compressor Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Turbo Compressor 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 Turbo Compressor 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 Turbo Compressor Market Size & Forecast, 2020-2028 4.5.1 Turbo Compressor Market Size and Y-o-Y Growth 4.5.2 Turbo Compressor 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 Single Stroke Turbo Compressor
5.2.2 Two Stroke Turbo Compressor
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 Industrial
6.2.2 Agricultural
6.2.3 Transportation
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Turbo Compressor 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 Turbo Compressor 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 Single Stroke Turbo Compressor
9.6.2 Two Stroke Turbo Compressor
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 Industrial
9.10.2 Agricultural
9.10.3 Transportation
9.10.4 Other
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 Single Stroke Turbo Compressor
10.6.2 Two Stroke Turbo Compressor
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 Industrial
10.10.2 Agricultural
10.10.3 Transportation
10.10.4 Other
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 Single Stroke Turbo Compressor
11.6.2 Two Stroke Turbo Compressor
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 Industrial
11.10.2 Agricultural
11.10.3 Transportation
11.10.4 Other
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 Single Stroke Turbo Compressor
12.6.2 Two Stroke Turbo Compressor
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 Industrial
12.10.2 Agricultural
12.10.3 Transportation
12.10.4 Other
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 Single Stroke Turbo Compressor
13.6.2 Two Stroke Turbo Compressor
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 Industrial
13.10.2 Agricultural
13.10.3 Transportation
13.10.4 Other
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 Turbo Compressor Market: Competitive Dashboard
14.2 Global Turbo Compressor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB Turbocharging
14.3.2 ALMIG Kompressoren
14.3.3 Celeroton AG
14.3.4 Enervac
14.3.5 FISCHER AG-Prazisionsspindeln
14.3.6 Howden BC Compressors
14.3.7 kTurbo
14.3.8 MAN Diesel & Turbo
14.3.9 Sjerp & Jongeneel
14.3.10 Sulzer Chemtech
14.3.11 ABB Turbocharging