Press release
Turbocompressors Market Growth Insights, Size, Share, Trends and Forecast by 2030 |
Turbocompressors Market
Turbocompressors are a type of machine that increases the capacity of fuel in addition with the increased energy of the engines. 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 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. Turbocompressors are highly used in dirty and corrosive applications such as petrochemical plants, refineries, natural gas processing, coal gasification, and power stations due to their longer life, low maintenance, and continuous service.
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Top Players:
The major players profiled in the turbocompressor industry include Atlas Copco AB, Elliott Group, General Electric, Howden Group, Ingersoll Rand, Kawasaki Heavy Industries, Ltd., KOBE STEEL, LTD., MAN Energy Solutions, MITSUBISHI HEAVY INDUSTRIES, LTD. And Siemens.
Segmentation Based On:
The turbocompressor market is segmented on the basis of type, stage, end user, and region. On the basis of type, the market is divided into centrifugal and axial. On the basis of stage, the market is divided into single stage and multistage. On the basis of end user, the market is segmented into oil & gas, power generation, chemical, and others.
Region wise, the global turbocompressor market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global turbocompressor market share, and LAMEA is anticipated to secure a leading position during the forecast period.
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Key Findings Of Study
• The report provides an extensive analysis of the current and emerging global turbocompressor market trends and dynamics.
• On the basis of type, the centrifugal segment was the largest revenue generator in 2020.
• On the basis of stage, the single stage segment generated the highest revenue in 2020.
• On the basis of end user, the power generation segment dominated the market in 2020.
• Region wise, Asia-Pacific is anticipated to dominate the global turbocompressor during the forecast period.
• The report provides an extensive analysis of the global market trends and emerging opportunities of the market.
• The global turbocompressor market forecast analysis from 2021 to 2030 is included in the report.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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