Turbo Compressor Market to Generate Huge Revenue in Industry by 2026

Global Turbo Compressor Market  was valued US$ 13.2 Bn in 2017 and is expected to reach US$ 22.0 Bn by 2026, at a CAGR of 6.8 % during a forecast period.
Turbo compressor is turbo machines that focus a compressible gas with the help of a dynamic principle. Turbo compressor is mostly used in dirty and corrosive applications such as petrochemical plants, refineries, natural gas processing, coal gasification & power stations. It offers longer life, low maintenance, and continuous service.
Growing global LNG trade is one of the key drivers for the global turbo compressor market. Turbo compressor plays a key function in the LNG trade. Turbo compressor also helps the natural gas industry to advance the efficiency and reduce their overall cost. Increasing number of wastewater treatment plants, and growing investments in the power generation sector are driving the growth in the global turbo compressor market. Furthermore, rising adoption of rotary compressors over turbo compressor is limiting the growth in the global turbo compressor market.
The centrifugal compressors segment is estimated to dominate the global turbo compressor market. Centrifugal compressors most preferred in gas turbines and auxiliary power units. These compressors are comprises in pipeline compressors of natural gas, which help move the gas from the product manufacture site to the end consumer.
Single stage turbo compressor is expected to hold significant growth in the turbo compressor market. These compressors are adopted in a wide range of end-user industries owing to their feature like higher efficiencies, smooth operation and ease of maintenance that ensures consistent performance.
The oil & gas segment is projected to hold large market share in the global turbo compressor market .In oil & gas industry, there is a wide requirement for turbo machinery equipment that are consistent and energy efficient. Turbo equipment offers suitable solution in the stage of oil recovery and oil or gas separation to gas treatment and processing. The growing trade of LNG internationally is one of the key drivers for turbo compressor market in the oil & gas industry.
The report provides a detailed overview of the global smart washroom market including regional analysis information .Asia-Pacific is expected to grow at high rate of CAGR in the global turbo compressor market owing to the presence of large chemical plants infrastructure and oil refineries industries . Rapid industrialization in developing economies likes India and China coupled with a decline in oil prices is projected to booming turbo compressor market growth in this region. Furthermore, North America was the second most dominant market for turbo compressor market. The market is largely driven by the U.S. owing to shale gas revolution has improved the production to peak levels. The increasing crude oil production in the region also boosts the turbo compressor market growth in North America.
The report provides key information on the market status of the leading market players. Some of the major key players includes in the global turbo compressor market such as Ingersoll-Rand PLC, Kobel Steel Ltd., Man Diesel & Turbo, Atlas Copco AB, Howden Group Ltd., Elliot Group Ltd., Sulzer Ltd., SKF and Kawasaki Heavy Industries Ltd., Seimen AG, Mitsubishi Heavy Industries Ltd., GE Oil & Gas, among others.
The scope of the report for Global Turbo Compressor Market
Global Turbo Compressor Market, By Type
  Centrifugal compressors
  Axial compressors
Global Turbo Compressor Market, By Stage
  Single stage
  Multi-stage
Global Turbo Compressor Market, By End User
  Oil & gas
  Power generation
  Chemical
  Water & wastewater
  Others
Global Turbo Compressor Market, By Geography
  North America
  Europe
  Asia Pacific
  Middle East & Africa
  South America
Key players Global Turbo Compressor Market
  Rotating Machinery Services, Inc.
  Sundyne Corporation
  Bauer Compressors, Inc.
  Sullivan-Palatek, Inc.
  Gardner Denver, Inc.
  Dresser-Rand Co., Turbo Products Div.
  AVIME
  Sagita
  ABB Turbocharging
  ALMIG Kompressoren
  Celeroton AG
  Enervac
  FISCHER AG-Prazisionsspindeln
  Howden BC Compressors
  kTurbo
  MAN Diesel & Turbo
  Sjerp & Jongeneel
  Sulzer Chemtech
  Atlas Copco AB
  Elliott Group Ltd
  GE Oil & Gas
  Howden Group Ltd
  Ingersoll-Rand PLC
  Kawasaki Heavy Industries Ltd.
  Kobel Steel Ltd.
  Man Diesel & Turbo
  Mitsubishi Heavy Industries Ltd
  SKF

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