Market Overview:
The global thermocompressors 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 thermocompressors in various applications such as petrochemical, industrial, pharmaceuticals, and paper industry. Additionally, the growing demand for energy-efficient equipment is also contributing to the growth of this market. Based on type, single nozzle thermocompressors are expected to account for a larger share of the global thermocompressors market than multi nozzle thermocompressors during the forecast period. This can be attributed to their high efficiency and low cost as compared with multi nozzle thermocompressors.
Product Definition:
Thermocompressors are devices that use the expansion and compression of gases to convert thermal energy into mechanical work. They are used in a wide range of applications, including refrigeration, air conditioning, and power generation.
Single Nozzle Thermocompressors:
Single nozzle thermocompressors are used to control the flow of a fluid at constant pressure and temperature. These products find their application in various end-use industries such as oil & gas, chemical processing, food & beverage processing, pharmaceuticals and others. The single nozzle thermocompressors market is expected to witness significant growth over the forecast period owing to its advantages over multi-nozzle products which include compact size and cost effectiveness among others.
Multi Nozzle Thermocompressors:
Multi nozzle thermocompressors are used in the manufacturing process of semiconductors, consumer electronic products and automotive components. They are also used in various other industries including oil & gas, chemical processing, food processing and pulp & paper. The multi nozzle thermocompressors have a number of advantages over conventional ones such as they can handle high-volume production with improved quality and efficiency.
Application Insights:
Petrochemical emerged as the dominant segment in terms of revenue share in 2017. The growth can be attributed to rising demand for various products from the oil & gas industry, such as natural gas, synthetic crude oil and petroleum gases. Petrochemical is also expected to be one of the fastest growing segments over the forecast period owing to increasing thermocompressor usage in this application sector.
The industrial application segment is projected to witness significant growth during the forecast period due largelyto its ability to compress a large amount of air or steam at a time with relatively low energy consumption comparedto other machines used for these purposes. Moreover, it has been observed thatcompressed air or steam produced by these machines are more useful than those generated by conventional compressors since they consume less power and have greater efficiency resultingin higher demand for such devices across industrial applications worldwide.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major petrochemical players such as ExxonMobil Corporation and large chemical manufacturing industry. In addition, increasing demand for pharmaceutical products is expected to drive the regional market over the forecast period.
The Asia Pacific is anticipated to witness significant growth over a projected period owing to rapid industrialization and expansion of end-use industries such as pharmaceuticals, chemicals, and metallurgy & mining in emerging economies including China and India.
Growth Factors:
- Increasing demand for thermocompressors in the automotive industry for air conditioning and engine cooling applications
- Growing demand from the HVAC market for residential and commercial buildings
- Rising popularity of thermocompressors in renewable energy systems such as solar thermal, geothermal, and biomass power plants
- Rapid growth of the medical refrigeration market due to increasing number of hospitals and clinics worldwide
- Proliferation of miniaturized thermocompressors across a wide range of applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermocompressors Market Research Report
By Type
Single Nozzle Thermocompressors, Multi Nozzle Thermocompressors
By Application
Petrochemical, Industrial, Pharmaceuticals, Paper Industry
By Companies
Forbes Marshall, Kadant, GEA Group, Mazda
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Thermocompressors Market Report Segments:
The global Thermocompressors market is segmented on the basis of:
Types
Single Nozzle Thermocompressors, Multi Nozzle Thermocompressors
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
Petrochemical, Industrial, Pharmaceuticals, Paper 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:
- Forbes Marshall
- Kadant
- GEA Group
- Mazda
Highlights of The Thermocompressors 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 Nozzle Thermocompressors
- Multi Nozzle Thermocompressors
- By Application:
- Petrochemical
- Industrial
- Pharmaceuticals
- Paper 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 Thermocompressors 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
- Identifying Appropriate Advertising Appeals
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?
Thermocompressors are machines that compress air or other gases. They are used in industrial processes, such as welding and metalworking, to reduce the amount of air needed for a particular task.
Some of the major companies in the thermocompressors market are Forbes Marshall, Kadant, GEA Group, Mazda.
The thermocompressors market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermocompressors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermocompressors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermocompressors Market - Supply Chain
4.5. Global Thermocompressors Market Forecast
4.5.1. Thermocompressors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermocompressors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermocompressors Market Absolute $ Opportunity
5. Global Thermocompressors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermocompressors Market Size and Volume Forecast by Type
5.3.1. Single Nozzle Thermocompressors
5.3.2. Multi Nozzle Thermocompressors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermocompressors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermocompressors Market Size and Volume Forecast by Application
6.3.1. Petrochemical
6.3.2. Industrial
6.3.3. Pharmaceuticals
6.3.4. Paper Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermocompressors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermocompressors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermocompressors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermocompressors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermocompressors Demand Share Forecast, 2019-2026
9. North America Thermocompressors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermocompressors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermocompressors Market Size and Volume Forecast by Application
9.4.1. Petrochemical
9.4.2. Industrial
9.4.3. Pharmaceuticals
9.4.4. Paper Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermocompressors Market Size and Volume Forecast by Type
9.7.1. Single Nozzle Thermocompressors
9.7.2. Multi Nozzle Thermocompressors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermocompressors Demand Share Forecast, 2019-2026
10. Latin America Thermocompressors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermocompressors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermocompressors Market Size and Volume Forecast by Application
10.4.1. Petrochemical
10.4.2. Industrial
10.4.3. Pharmaceuticals
10.4.4. Paper Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermocompressors Market Size and Volume Forecast by Type
10.7.1. Single Nozzle Thermocompressors
10.7.2. Multi Nozzle Thermocompressors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermocompressors Demand Share Forecast, 2019-2026
11. Europe Thermocompressors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermocompressors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermocompressors Market Size and Volume Forecast by Application
11.4.1. Petrochemical
11.4.2. Industrial
11.4.3. Pharmaceuticals
11.4.4. Paper Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermocompressors Market Size and Volume Forecast by Type
11.7.1. Single Nozzle Thermocompressors
11.7.2. Multi Nozzle Thermocompressors
11.8. Basis Point Share (BPS) Analysis by ype
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermocompressors Demand Share, 2019-2026
12. Asia Pacific Thermocompressors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermocompressors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermocompressors Market Size and Volume Forecast by Application
12.4.1. Petrochemical
12.4.2. Industrial
12.4.3. Pharmaceuticals
12.4.4. Paper Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermocompressors Market Size and Volume Forecast by Type
12.7.1. Single Nozzle Thermocompressors
12.7.2. Multi Nozzle Thermocompressors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermocompressors Demand Share, 2019-2026
13. Middle East & Africa Thermocompressors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermocompressors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermocompressors Market Size and Volume Forecast by Application
13.4.1. Petrochemical
13.4.2. Industrial
13.4.3. Pharmaceuticals
13.4.4. Paper Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermocompressors Market Size and Volume Forecast by Type
13.7.1. Single Nozzle Thermocompressors
13.7.2. Multi Nozzle Thermocompressors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermocompressors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermocompressors Market: Market Share Analysis
14.2. Thermocompressors Distributors and Customers
14.3. Thermocompressors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Forbes Marshall
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kadant
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GEA Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mazda
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook