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. On the basis of type, axial turbo-compressors are expected to dominate the global turbo-compressor market during the forecast period. This can be attributed to their high efficiency and low noise levels as compared to centrifugal turbo-compressors.
Product Definition:
A turbo-compressor is a device that uses the energy in pressurized gas to power a turbine that drives an electric generator. Turbo-compressors are used where there is a need for large quantities of compressed air, such as in steel mills, paper mills and oil refineries.
Axial Turbo-Compressors:
Axial turbo-compressors are used in gas turbines for the supercharging process. They are installed at the exhaust side of a gas turbine and act as an axial compressor. The working principle of Axial turbo-compressors is based on rotary motion with constant volume flow, which provides high pressure ratio and low speed (flight) cycle for efficient power generation.
Centrifugal Turbo-Compressors:
Centrifugal turbo-compressors are used in gas turbines to increase the pressure of gases entering the combustion chamber. The turbine blades convert this high-pressure gas into low-pressure steam, which is then fed into a steam generator to produce electricity.
The power generated can vary from 10 MW to over 300 MW depending upon the application and scale of operation.
Application Insights:
The industrial application segment dominated the global market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth on account of increasing demand for compressors from various industries such as oil & gas, power generation, and chemical among others. In addition, growing demand for high-performance products with enhanced energy efficiency is also expected to drive the product demand over the forecast period.
The agricultural application segment accounted for a significant share in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to rising use of centrifugal turbo-compressors in farms across Europe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rapid urbanization in developing countries, such as China and India. In addition, rising demand for energy due to population growth will drive the market further.
The North America region accounted for a significant share of global revenue in 2017 owing to high product adoption by industries including food & beverage, chemicals & petrochemicals, mining & metal processing, power generation among others. Moreover, growing infrastructure activities are projected to fuel product demand over the coming years in this region as well.
Europe was estimated at USD X million in 2017 and is anticipated to witness steady growth from 2018 till 2030 owing its large base of chemical manufacturing companies that use turbo-compressors on a regular basis for producing refrigerants used across various end-use applications including plastics processing units or heat transfer equipment used in chemical plants among others).
Growth Factors:
- Increasing demand for energy-efficient equipment across various industries
- Rising need to compress gases for various applications
- Growing popularity of turbo-compressors in small and medium enterprises (SMEs)
- Technological advancements in turbo-compressor design and manufacturing processes
- Proliferation of compressed natural gas (CNG) as a fuel source
Scope Of The Report
Report Attributes
Report Details
Report Title
Turbo-compressor Market Research Report
By Type
Axial Turbo-Compressors, Centrifugal Turbo-Compressors
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
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
243
Number of Tables & Figures
171
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
Axial Turbo-Compressors, Centrifugal Turbo-Compressors
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
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:
- Axial Turbo-Compressors
- Centrifugal Turbo-Compressors
- 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
- 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?
Turbo-compressor is a compressor that can speed up the process of compressing air. This compressor is often used in industrial settings to reduce the time it takes to fill an air tank or to increase the pressure of air being delivered.
Some of the major companies 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.
The turbo-compressor 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. Turbo-compressor 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. Turbo-compressor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Turbo-compressor Market - Supply Chain
4.5. Global Turbo-compressor Market Forecast
4.5.1. Turbo-compressor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Turbo-compressor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Turbo-compressor Market Absolute $ Opportunity
5. Global Turbo-compressor 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. Turbo-compressor Market Size and Volume Forecast by Type
5.3.1. Axial Turbo-Compressors
5.3.2. Centrifugal Turbo-Compressors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Turbo-compressor 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. Turbo-compressor Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Agricultural
6.3.3. Transportation
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Turbo-compressor 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. Turbo-compressor 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 Turbo-compressor 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. Turbo-compressor 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 Turbo-compressor Demand Share Forecast, 2019-2026
9. North America Turbo-compressor 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 Turbo-compressor 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 Turbo-compressor Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Agricultural
9.4.3. Transportation
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Turbo-compressor Market Size and Volume Forecast by Type
9.7.1. Axial Turbo-Compressors
9.7.2. Centrifugal Turbo-Compressors
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 Turbo-compressor Demand Share Forecast, 2019-2026
10. Latin America Turbo-compressor 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 Turbo-compressor 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 Turbo-compressor Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Agricultural
10.4.3. Transportation
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Turbo-compressor Market Size and Volume Forecast by Type
10.7.1. Axial Turbo-Compressors
10.7.2. Centrifugal Turbo-Compressors
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 Turbo-compressor Demand Share Forecast, 2019-2026
11. Europe Turbo-compressor 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 Turbo-compressor 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 Turbo-compressor Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Agricultural
11.4.3. Transportation
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Turbo-compressor Market Size and Volume Forecast by Type
11.7.1. Axial Turbo-Compressors
11.7.2. Centrifugal Turbo-Compressors
11.8. Basis Point Share (BPS) Analysis by Type
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 Turbo-compressor Demand Share, 2019-2026
12. Asia Pacific Turbo-compressor 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 Turbo-compressor 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 Turbo-compressor Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Agricultural
12.4.3. Transportation
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Turbo-compressor Market Size and Volume Forecast by Type
12.7.1. Axial Turbo-Compressors
12.7.2. Centrifugal Turbo-Compressors
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 Turbo-compressor Demand Share, 2019-2026
13. Middle East & Africa Turbo-compressor 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 Turbo-compressor 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 Turbo-compressor Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Agricultural
13.4.3. Transportation
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Turbo-compressor Market Size and Volume Forecast by Type
13.7.1. Axial Turbo-Compressors
13.7.2. Centrifugal Turbo-Compressors
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 Turbo-compressor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Turbo-compressor Market: Market Share Analysis
14.2. Turbo-compressor Distributors and Customers
14.3. Turbo-compressor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB Turbocharging
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ALMIG Kompressoren
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Celeroton AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Enervac
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FISCHER AG-Prazisionsspindeln
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Howden BC Compressors
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kturbo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MAN Diesel & Turbo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sjerp & Jongeneel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sulzer Chemtech
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
