Turbo Compressor Market Scope
Turbo compressors are used to boost the power of diesel engines are operated by radial turbines. It has a high power density and thereby small physical dimensions and low weight, high reliability, because of only one rotating partin and proven technology, high efficiency of the energy conversion, low noise level. It provides the high-pressure gas for combustion in jet engines, to transfer process fluid in pipelines, to provide high-pressure gas to driving tools, etc.
The Turbo Compressor market study is segmented by Type (Centrifugal Turbo Compressors, Mixed Flow Turbo Compressors and Axial Turbo Compressors), by Application (Industrial, Agricultural, Transportation and Other) and major geographies with country level break-up.
Global Turbo Compressors is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Celeroton AG (Switzerland), ABB (Switzerland), MAN Energy Solutions (Germany), ALMIG Kompressoren GmbH (Germany), Changgao Electric Group Co., Ltd (China), Howden Group (United Kingdom), Delphi technologies (United States), kTurbo (South Korea), Wuxi Booshiwheel Power Technology Co., Ltd. (China) and Kehua Holdings Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Cryostar (India), Franco Tosi (Italy) and IHI DALGAKIRAN (Turkey).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Turbo Compressor market by Type, Application and Region.
On the basis of geography, the market of Turbo Compressor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 28th March 2022, Howden Group has acquired all assets of Turbine Europe SRL. The acquisition is the latest step in Howden’s strategy to grow its aftermarket business and provide customers with a full range of these services close to their operations. This acquisition will provide customers with a one-stop-shop for their turbo-expander needs to maximize the reliability of their operations.
As per the study, “new test procedures for certain varieties of compressors under the Energy Policy and Conservation Act. EPCA states that “no manufacturer, distributor, retailer, or private labeler may make any representation respecting the energy consumption (of covered equipment) unless such equipment has been tested in accordance with (the DOE test procedure) and such representation fairly discloses the results of such testing.”
- Advancements in the Compressor Technology
- Rising Demand for Natural Gas due to its High Efficiency and High Reliability
- Increasing Installation of Turbo Compressors among End-Users
- Research and Development Activities in High-Speed Turbo Compressors
- Concerns Related to Operating Principle Limits
- Regulatory Standards on the Application of Turbo Compressors
Key Target AudienceTurbo Compressors Manufacturers, Turbo Compressors Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Turbo Compressor Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2027.