Turbocompressor Market by Type (Centrifugal & Axial), Application (Oil & Gas, Chemical, and Power Generation), Stage (Single & Multi), Output Pressure (0

Published: August 2016
No. of Pages: 144
Single User License: US $ 5650
Corporate User License: US $ 8150

“The market for turbocompressors is projected to grow at a CAGR of 5.4% during the forecast period”

The turbocompressors market is projected to reach USD 15.81billion by 2021, growing at a CAGR of 5.4% from 2016 to 2021. Factors such as the rapid growth of the manufacturing sector in South Asian countries and increasing investments in sectors other than oil & gas in the Middle East are driving market growth.

“Oil & Gas: The largest and fastest growing end-user segment in the turbocompressors market”

The oil & gas sector is the largest end-user of turbocompressors. Turbocompressors are used in almost all the stages of the oil & gas industry, from extraction to refining, transport, and storage. Given the increasing LNG trade between nations, the demand for turbocompressors is expected to increase in the future. To minimize losses, major players have suspended or cancelled exploration and drilling investments. However, the growing demand for chemical and petrochemical derived products, coupled with low oil prices, has ensured the steady growth of the downstream oil & gas industry. The increasing investments in petrochemical industries area key factor spurring the growth of the turbocompressors market.   

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, corporate-level executives of major market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 20%, Tier2-45%, and Tier 3-35%
  • By Designation: Director Level-35%, CorporateLevel-25%, and Others-40%
  • By Region: Americas-45%, Europe, Middle East,& Africa-30%, Asia-Pacific-25%

Note: Others include sales, marketing, and product managers.

The tier of the companies has been defined on the basis of their total revenue; as of 2015,Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 =  < USD 1 billion.

Leading players inthis industry have been profiled, along with their recent developments and other strategic activities. These include Ingersoll Rand PLC (Ireland), Siemens AG (Germany), Mitsubishi Heavy Industries, Ltd. (Japan),General Electric (U.S.), and Atlas Copco (Sweden).

Report Objective

  • To define, describe, and forecast the global turbocompressors market by type, output pressure, stage, application, and region
  • To provide detailed information regarding the major factors influencing the growth of the turbocompressors market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues related to the market)
  • To strategically analyze the market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To forecast the market size of segments with respect to six major regions (along with key countries) - namely, North America, Asia-Pacific, Europe, South America, the Middle East, and Africa
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the turbocompressors market

Key Target Audience

  • Turbocompressor Manufacturing Companies
  • Oil & Gas, Chemical, and Power Companies
  • Oil & Gas Refineries
  • Oil & Gas Transport Companies
  • Governments And Industry Associations
  • Consulting Companies in The Energy & Power Sector
  • Investment Banks

Detailed Segmentation

  • By Stage– Single Stage and Multi-Stage
  • By Output– 0 Bar to 20 Bar, 21Bar to 100 Bar, Above 100Bar
  • By Type– Centrifugal and Axial
  • By Application –Oil &Gas, Chemical Processing, Power Generation, and Others (Water and Wastewater treatment, mining, plastics, and pharmaceutical).
  • By Region– North America, South America, Asia-Pacific, Europe, the Middle East, and Africa.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets2753

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: