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Turbocompressor Market Worth $15.81 Billion By 2021

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By Author: Mr. Shelly Singh
Total Articles: 25
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The turbocompressor market is projected to grow from an estimated USD 12.15 Billion in 2016 to USD 15.81 Billion by 2021, at a CAGR of 5.4%. Increasing LNG trade between nations, the growing demand for energy, and investments in sectors other than oil & gas are expected to drive the market for turbocompressor.

Oil & gas sector to dominate the turbocompressor market during the forecast period
The turbocompressor market has been segmented according to application into oil & gas, power generation, chemical, and others.


The oil & gas sector accounted for approximately 50% of the market share in 2015. The growing number of LNG projects will likely increase the demand for turbocompressor. This is expected to drive the market for turbocompressors in the oil & gas sector.

Browse 66 market data Tables and 51 Figures spread through 144 Pages and in-depth TOC on "Turbocompressor Market"
https://www.marketsandmarkets.com/Market-Reports/turbocompressor-market-78667090.html

Axial turbocompressor to hold the largest share of the turbocompressor market, by type, during the forecast period
The turbocompressor market has been segmented on the basis of type into axial and centrifugal turbocompressors. Centrifugal turbocompressors are estimated to dominate the market. Axial turbocompressor are used as compressors in gas turbines and in the steel and chemical industries. These turbocompressors are primarily used for applications that require a high intake volume of flow, and are more efficient than centrifugal turbocompressor. Most axial turbocompressor produce pressures higher than 100 psi, at intake volumes between 23,500 acfm to 588,500 acfm. The market for axial turbocompressor is expected to grow at the highest CAGR during the forecast period.

North American turbocompressor market to witness the highest growth during the forecast period
The report covers six regions, namely, North America, Asia-Pacific, Europe, the Middle East, South America, and Africa. The turbocompressor market in North America is expected to witness the highest growth from 2016 to 2021, owing to the growing manufacturing sector in the region. The increase in the LNG trade between nations would drive the North American turbocompressor market, as turbocompressors are used for gas transportation and storage.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78667090

The report also provides an in-depth analysis of the competitive landscape, along with profiles of leading market players such as Atlas Copco AG (Sweden), GE Oil & Gas (U.K.), Siemens AG (Germany), Ingersoll Rand (Ireland), Hitachi Ltd. (Japan), and Mitsubishi Heavy Industries, Ltd. (Japan).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com

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