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Turbocompressor Market Size, Share & Industry Analysis By Design (Centrifugal Turbocompressor, Axial Turbocompressor), By Stage (Single Stage, Multi-Stage), By Industry Vertical (Oil and Gas, Textile, Chemical, Automotive, Power Generation, Pulp and Paper, Others) and Regional Forecast, 2019-2026

Region : Global | Report ID: FBI101400 | Status : Ongoing

 

KEY MARKET INSIGHTS

Efficient and reliable compressors are used in several systems which are required to achieve energy efficiency. The demand for the compressor is bound to rise on account on development and modernization. Turbo-compressors are used to increase efficiency and have several modern-day applications


A turbocompressor is an overhung machine. Turbocompressors belong to the roto-dynamic type of compressors. The impeller of turbocompressor that imparts energy to the fluid sits at one end of the rotor after the bearings. In these compressors, the required pressure rise takes place due to the continuous conversion of angular momentum imparted to the fluid by a high-speed impeller into static pressure.


Turbocompressor is steady-flow devices hence they are subjected to less vibration and noise  Turbocompressors have a wide application in order to provide the high-pressure gas for combustion in jet engines, to transfer process fluid in pipelines, to provide high-pressure gas to driving tools, etc.


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Based on the design, turbocompressors are segmented in centrifugal turbocompressor and axial turbocompressor. In centrifugal turbocompressor, the flow enters in the axial direction and exits the impeller in the centrifugal direction, and both 2D- or 3D-impeller blades are possible. The flow enters the mixed flow turbo compressor in the axial direction and exits the impeller neither in a pure centrifugal nor in a pure axial direction, and the exit has a larger radius.


The flow enters the axial turbo compressor in an axial direction and exits the impeller in the axial direction with a similar radius. By industry vertical, turbocompressors are segmented oil and gas, textile, chemical, automotive, power generation, pulp and paper, etc.  


The primary market driver for global turbocompressor market is the increase in the use of compressor in the industrial sector. Growth in the oil and gas sectors is expected to boost demand for turbocompressor. Almost all modern automobiles use a turbocharger.  Key market restraint for the global turbocompressor market is the advanced technology and expertise required to manufacture turbocompressors. This results in high prices of turbocompressors.


Key Players Covered


Some of the notable companies in the global turbocompressor market are Tamturbo, Celeroton AG, BOGE Compressors, Howden, FISCHER Deutschland GmbH, Danfoss Cooling, Continental Industrie, Sumy NPO PJSC, K turbo Inc., Ingersoll-Rand plc Piller Blowers & Compressors GmbH, TurboTech Precision Engineering Private Limited, Sulzer, ABB and MAN Energy Solutions.      


Segmentation


























 ATTRIBUTE


 DETAILS

By Design




  • Centrifugal Turbocompressor

  • Axial Turbocompressor



By Stage




  • Single Stage

  • Multi-Stage



By Industry Vertical




  • Oil and Gas

  • Textile

  • Chemical

  • Automotive

  • Power Generation

  • Pulp and Paper

  • Others



By Geography




  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)



Regional Analysis


The global turbocompressor market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The countries in the Asia-Pacific region are set to dominate the turbocompressor market. The rapid increase in industrial activity, increase in several automobiles, increase in power plants, increase in downstream oil and gas activities, etc. etc. in countries like India, China, Vietnam, Bangladesh, etc. are providing substantial growth to the turbocompressor market. Affordable extraction of shale gas in North America is expected to boost the demand for turbocompressors. Increase in biofuels and food & beverage industry in Latin America is expected to spur sales of a turbocompressor. Modernization and Upgradation of old compressors with turbocompressor in Europe and North America will provide steady growth for the turbocompressor market.      


Key Industry Developments



  • In March 2019, Sulzer and Tamturbo have formed a partnership to work on new industrial air compression solutions to clients in pulp and paper, mining and chemical processing. The partnership brings together Sulzer’s sales channels and experience in product development with Tamturbo’s ability to validate technologies in different applications.

  • In March 2018, PTSC Mechanical & Construction has contracted MAN Diesel & Turbo to supply two compressor trains for the Sao Vang and Dai Nguyet gas fields development in the Nam Con Son basin offshore southern Vietnam


Turbocompressor Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

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