Press release
Turbocompressor Market Strategies and New Trends with a CAGR of 6.3% from 2021 to 2030
Turbocompressor Market
The global turbocompressor market is propelled by various factors such as increased usage in wastewater treatment plants worldwide, the expansion of global LNG trade, growing energy demands, and the surge in industrialization. However, market growth faces constraints due to the presence of alternatives like rotary screw compressors and a slowdown in LNG trade. Nonetheless, emerging CO2 transport networks and advancements in technology present new avenues for growth in the foreseeable future.
According to the report, the global turbocompressor industry generated $15.74 billion in 2020, and is projected to reach $29.35 billion by 2030, witnessing a CAGR of 6.3% from 2021 to 2030.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/2184
Impact of Covid-19
The manufacturing of turbocompressors faced disruptions due to lockdown measures implemented across many countries. Supply chain disruptions and raw material shortages further hampered manufacturing capacities. Demand from key industries like oil & gas, chemicals, and power generation significantly declined during lockdowns but is anticipated to recover steadily post-lockdown as operations normalize.
Continued Dominance of the Centrifugal Segment
In terms of type, the centrifugal segment maintained its dominance in 2020, accounting for a significant portion of the global turbocompressor market share and is projected to sustain this position. This is primarily due to its cost-effectiveness in various end-user applications. However, the axial segment is expected to witness the highest growth rate owing to its operational efficiency.
Leadership of the Power Generation Segment
Among end-users, the power generation segment led the market in 2020 and is poised to maintain its leadership position, driven by increased utilization globally for its enhanced pressure and efficiency. Conversely, the water & wastewater segment is expected to experience the highest growth rate due to minimal maintenance requirements for turbocompressors in these applications.
Request for Customarization: https://www.alliedmarketresearch.com/request-for-customization/2184
Continued Dominance of Asia-Pacific and North America
Geographically, Asia-Pacific, followed by North America, dominated the market in 2020 and is forecasted to continue leading in revenue by 2030. This dominance is attributed to significant turbocompressor manufacturing in China. However, LAMEA is expected to exhibit the fastest growth rate due to rapid industrialization and urbanization in the region.
Leading Market Players
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.
Siemens
Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2184
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research 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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Turbocompressor Market Strategies and New Trends with a CAGR of 6.3% from 2021 to 2030 here
News-ID: 3497800 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Turbocompressor
Turbocompressor Market Share, Industry Trends & Forecast 2034
On April 04, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global Turbocompressor Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many…
Turbocompressor Market Technological Innovations and Future Opportunities 2030
A turbocompressor, also known as a turbocharger or simply a turbo, is a mechanical device used to increase the efficiency and power output of internal combustion engines, particularly in vehicles. It operates by forcing more air into the engine's combustion chamber, which allows for a greater amount of fuel to be burned, resulting in increased power and torque.
Turbocompressors are a type of machine that increases the capacity of fuel in…
Turbocompressor Industry Report Analysis By opportunities
Stratistics MRC's Turbocompressor Market report provides readers with an understanding of market details, overview, drivers and segmentation with types.
Turbocompressor are turbo machines which concentrate a compressible gas with the help of a dynamic principle. In turbocompressor, the gas continuously enters into the rotating impeller through which the mechanical shaft power is distributed to the fluid with the help of the blades that results in a major pressure and temperature increase.…
2028 Turbocompressor Industry Report Growth Forecasts
Stratistics MRC's Global Turbocompressor Market value expected to reach $27.05 billion growing at a CAGR of 7.4% during 2020-2028.
Turbocompressor are turbo machines which concentrate a compressible gas with the help of a dynamic principle. In turbocompressor, the gas continuously enters into the rotating impeller through which the mechanical shaft power is distributed to the fluid with the help of the blades that results in a major pressure and temperature increase.…
Global Turbocompressor Industry Report Top 5 Players
Stratistics MRCs 2021 Turbocompressor Market Report Key players include - Atlas Copco AB, Elliot Group Ltd, GE Oil & Gas, Howden Group Ltd, Kobe Steel Ltd.
Turbocompressor are turbo machines which concentrate a compressible gas with the help of a dynamic principle. In turbocompressor, the gas continuously enters into the rotating impeller through which the mechanical shaft power is distributed to the fluid with the help of the blades that results…
Turbocompressor Market Size, Share, Development by 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Turbocompressor market.
A turbocharger, or colloquially turbo, is a turbine-driven forced induction device that increases an internal combustion engine's efficiency and power output by forcing extra air into the combustion chamber. This improvement over a naturally aspirated engine's power output is due to the fact that the compressor can force more air—and proportionately more fuel—into the…
