DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kx7bpg/turbocompressor) has announced the addition of the "Turbocompressor Market by Type, By Application, by Stage, by Output Pressure, & Region - Global Trends & Forecasts to 2020" report to their offering.
The market is estimated to reach $17.2 Billion by 2020, growing at a CAGR of 7.5% from 2015 to 2020
The Asian and Middle Eastern markets are expected to witness substantial growth during the forecast period, owing to the diversification of economies and reduced dependence on oil.
Major players in the turbocompressor market include GE Oil & Gas (U.S.), Siemens (Germany), MAN Diesel and TURBO (Germany), Howden (U.S.), and Mitsubishi Heavy Industries (Japan).
Asia-Pacific comprises the largest turbocompressor market, due to the presence of manufacturing facilities belonging to large chemical companies, refineries, and power generation projects. The North American and European turbocompressor markets are approaching maturity; however, other regions are exhibiting decent growth, given the emergence of new industrial sectors.
Centrifugal turbocompressors are the most widely used turbocompressors, and occupy the largest market share. However, axial turbocompressors are expected to surpass them in the near future, due to a higher growth rate. The oil & gas sector is the largest end-user segment of turbocompressors. With national governments emphasizing the need to increase power generation capabilities, the demand for turbocompressors in the sector is expected to increase substantially.
Maturing European markets and the rise of substitute compressor technologies such as rotatory screw compressors are major restraints for the turbocompressor market. Most turbocompressor manufacturing companies are based in Europe. The slump in the European economy has prompted companies to increase their geographic presence and market penetration is other regions through the launch of new and advanced products and technologies.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Turbocompressor Market, By Type
6 By Output Pressure
7 By Stage
8 By Application
9 Turbo Compressors Market, By Region
10 Competitive Landscape
11 Company Profiles
- 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
- Siemens Ag
- Sulzer Ltd
For more information visit http://www.researchandmarkets.com/research/kx7bpg/turbocompressor
