DUBLIN, August 17, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/6llz48/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.
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Turbocompressor market: $17.2 Billion market 2020 with a projected CAGR of 7.5% from 2015 to 2020.
Maturing European markets and the development of rotatory screw compressors are major restraints for the turbocompressor market. Most turbocompressor manufacturing companies are based in Europe, where market growth is slow. To counter the economic slump in European countries, turbocompressor manufacturers are trying to increase their geographic presence and market penetration in other regions through the launch of new and advanced products and technologies.
The turbocompressor market has exhibited steady growth over the last few years, due to the increasing demand from pharmaceuticals, food & beverages, and chemical industries in emerging economies such as China and India. Companies are investing in R&D to develop new and improved turbocompressors to meet the various demands of end-users.
Centrifugal turbocompressors are the most widely used turbocompressors, and occupied the largest market share in 2014. 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 the turbocompressors market. With national governments ramping up power generation capabilities, the demand for turbocompressors in the power generation sector is expected to increase. The increasing LNG trade between nations, coupled with the growing adoption of turbocompressors for power generation is expected to drive the global turbocompressor market.
Asia-Pacific currently dominates the turbocompressor market. It held the largest market share in 2014, owing to increasing industrialization and favorable regulations. Major players in the turbocompressors market include GE Oil & Gas (U.S.), Siemens (Germany), MAN Diesel and TURBO (Germany), Howden (U.S.), and Mitsubishi Heavy Industries (Japan).
Key Topics Covered:
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
- Siemens Ag
- Sulzer Ltd
For more information visit http://www.researchandmarkets.com/research/6llz48/turbocompressor
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SOURCE Research and Markets