Turbocompressors Market 2023-28 | Trends, Size, Demand, Growth and Forecast

IMARC Group, a leading market research company, has released a report titled “Turbocompressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global turbocompressors market trends. The market size reached US$ 18.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

Turbocompressors are machines used to compress the airflow in engine cylinders. They are built using materials such as aluminum, stainless steel, titanium alloys, and magnesium, which enable them to withstand high temperatures. They are also used to increase the power of diesel engines through radial turbines. They are more efficient than reciprocating compressors and can relieve the pressure that develops in injected gas. At present, turbocompressors are gaining immense traction across the globe due to their rising power generation capacity.

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Turbocompressors Market Trends and Drivers:

The global turbocompressors market is primarily driven by the increasing demand for natural gas and the rising installation of gas pipeline networks. Moreover, the surging adoption of turbocompressors for carbon dioxide transmissions is positively influencing market growth. Additionally, ongoing technological advancements, such as high-efficiency sealing and the integration of blades and impellers with turbocompressors, have catalyzed market growth. Besides this, key players are investing heavily in lightweight products that reduce noise levels, energy consumption, and fuel consumption to promote sustainable development, thereby propelling market growth. Furthermore, the rising use of turbocompressors in wastewater management and regulating airflow in pharmaceutical plants and systems is contributing to market growth. Other factors, including ongoing research and development (R&D) activities, the introduction of new product variants, and rapid industrialization, are also anticipated to drive the market further.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Centrifugal Compressors

• Axial Compressors

Breakup by Stage:

• Single Stage

• Multi-stage

Breakup by End User:

• Oil and Gas

• Power Generation

• Chemical

• Water and Wastewater

• Others

Market Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Competitive Landscape with Key Player:

• Atlas Copco AB

• BorgWarner Inc.

• Continental AG

• Cummins Inc.

• Eaton Corporation plc

• Howden Group Holdings Ltd

• Ingersoll Rand Inc.

• Kawasaki Heavy Industries Ltd.

• MAN Energy Solutions SE (Volkswagen AG)

• Mitsubishi Heavy Industries Ltd

• Siemens AG and Sulzer Ltd.

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