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Turbocompressor Market Analysis and Forecasts to 2022

The global turbocompressor market is segmented based on type, stages, end-user industries and geography analysis forecasts to 2022.

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Turbocompressor Market Analysis and Forecasts to 2022

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  1. Turbocompressor Market Opportunities and Forecasts, 2014- 2022

  2. Turbocompressor Market Overview • Global Turbocompressor Market size was estimated to be $11,703 million in 2015 and is expected to reach $18,424 million by 2022 growing at a CAGR of 6.5% during the forecast period of 2014-2022. • Turbocompressor are turbo machines that concentrate a compressible gas with the help of a dynamic principle. • In turbocompressor, the gas continuously enters the rotating impeller through which the mechanical shaft power is distributed to the fluid with the help of the blades that results in a significant pressure and temperature increase. • The remaining kinetic flow energy is then mostly converted into pressure in the diffusor. The compressed gas is then either collected in a volute or transferred to a second compressor stage with the help of a return channel. • The key players in the turbocompressor market focus on collaborations, partnerships, and product developments to remain competitive in the market.

  3. Turbocompressor Market Segmentation By By End-user By Stage Geography By Type Centrifugal compressors Single stage Oil & gas North America Multi-stage Power Axial generation Europe compressors Chemical Asia-Pacific Water & wastewater LAMEA Others

  4. Key Factors Impact Turbocompressor Market • Turbocompressor are highly used in dirty and corrosive applications such as petrochemical plants, refineries, natural gas processing, coal gasification & power stations due to their longer life, low maintenance, and continuous service. • Centrifugal compressors have high adoption in gas turbines and auxiliary power units. These compressors are also used in pipeline compressors of natural gas, which help move the gas from the production site to the end consumer. • Single stage turbocompressor are adopted in a wide range of end-user industries owing to their higher efficiencies, ease of maintenance, and smooth operation that ensures reliable performance. • The increasing trade of LNG globally is also a key driver for turbocompressor industry in the oil & gas segment. • They are also being highly used in the power generation industry for smooth functioning of coal as well as gas power plants.

  5. Turbocompressor Market Analysis • Oil & gas segment is expected to dominate the end-user sector in the global turbocompressor market from 2015 to 2022. • In the oil & gas industry, there is a wide requirement for turbomachinery equipment that are reliable and energy efficient. • Asia-Pacific region dominated the market contributing to 37.0% of the global turbocompressor market share in 2015. Asia-Pacifics energy demand has been continuously increasing due to the growing population and rising consumer class. • Centrifugal compressor was the most dominant type accounting for 80.7% of the overall market in 2015. • The centrifugal compressors market is projected to grow at a CAGR of 5.5% during the forecast period.

  6. Turbocompressor Market - Top Investment Pockets The top investment pockets for the global turbocompressor market is analyzed across the regions of North America, Europe, Asia-Pacific, and LAMEA.

  7. Key Findings of the Turbocompressor Market • Axial compressors market accounted for $2,264 million in 2015 and is expected to grow at a CAGR of 10.2% during the forecast period. • Single-stage compressors dominated the market in 2015 and is expected to grow at a CAGR of 5.9% during the forecast period 2016-2022. • Power generation end-user segment is expected to grow at a CAGR of 8.1% during the forecast period. • Asia-Pacific was the most dominant geographical market in 2015 and is expected to be the fastest growing regional market with a CAGR of 7.6%.

  8. Key Players of the Turbocompressor Market

  9. Turbocompressor Market “Increasing global LNG trade is one of the key drivers for the global turbocompressor market. Turbocompressor play a key role in the LNG trade. These equipment are used for feed gas services to compress natural gas and transport it along the pipeline to the processing plant. Turbocompressor also help the natural gas industry to improve the efficiency and reduce their overall cost.” Nikhil Dasyam, Research Analyst, Construction at AMR

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