Centrifugal Turbocompressors Segment to Achieve 6% CAGR, Driving Growth in Turbocompressors Market
Friday, October 13, 2023
DUBLIN, Oct. 5, 2023 /PRNewswire/ -- The "Turbocompressors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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The global turbocompressors market, valued at $16.2 billion in 2022, is projected to grow significantly, reaching a size of $26.5 billion by 2030. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 6.3% during the analysis period from 2022 to 2030.
In today's ever-changing global business environment, staying informed about industry trends and market dynamics is essential. Within the turbocompressors sector, the global market is experiencing significant growth. To navigate and succeed in this evolving landscape, the Turbocompressors Market Research Report serves as an invaluable resource, providing comprehensive insights into market dynamics, competitive landscapes, challenges, and opportunities.
The report highlights a market poised for substantial expansion in key regions, including the United States, China, Japan, Canada, and Germany. It presents in-depth analysis of segments such as centrifugal and axial turbocompressors. Specifically, the centrifugal segment is projected to record a 6% CAGR, reaching $18.5 billion by the end of the analysis period, while the axial segment is estimated to experience growth at a 7.1% CAGR over the next eight years.
Key Market Players (Total 59 Featured):
-- AB SKF
-- Atlas Copco AB
-- Baker Hughes Company
-- Continental AG
-- Elliott Group Ltd.
-- ExxonMobil Corporation
-- General Electric Company
-- Howden Compressors Ltd.
-- Ingersoll-Rand PLC
-- Kawasaki Heavy Industries, Ltd.
-- Kobe Steel Ltd.
-- MAN Energy Solutions SE
-- Mitsubishi Heavy Industries Ltd.
-- Siemens AG
-- Sulzer Ltd.
Economic Outlook:
The global economic outlook is showing signs of improvement, with cautious optimism for the coming years. The United States, despite experiencing slower GDP growth due to tight monetary and financial conditions, has successfully overcome the recession threat. In the Euro area, easing headline inflation is contributing to increased real incomes and economic activity.
China is expected to witness substantial GDP growth as the pandemic threat diminishes, and the government revises its zero-COVID policy. India remains on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.
However, challenges persist, including uncertainty surrounding the war in Ukraine, slower-than-expected global inflation decline, and ongoing food and fuel inflation in developing nations. High retail inflation continues to impact consumer confidence and spending.
Governments are addressing these challenges, which is boosting market sentiments. As governments work to combat inflation by raising interest rates, new job creation may slow down and impact economic activity. The regulatory landscape is evolving, with increasing pressure to incorporate climate change considerations into economic decisions.
Despite potential challenges to corporate investments due to inflation concerns and weaker demand, the rise of new technologies offers opportunities. Technologies such as generative AI, applied AI, machine learning, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies beyond electrification and renewables have the potential to drive substantial incremental growth and value to global GDP in the coming years.
In this mixed economic environment, businesses that exhibit resilience and adaptability will find opportunities amid challenges, positioning themselves for future success.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Pandemic Impact and the Global Economic Update
-- From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs
of Easing Inflationary Conditions"
-- Here's How Inflationary Pressures Affect the Economy
-- Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
-- Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should
Continue
-- Here's What's Causing Inflationary Pressures in the Global Market
-- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary
Pressures, Guiding the World Towards a Cost of Living Crisis: Global
Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017
through 2024
-- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark
the Return of Global Inflation to the Highest Level Seen Since 1996:
Global Inflation Rates (In %) for the Years 2019 Through 2024
-- Although Facing a Lower Recession Risk, Global Economic Growth in 2023
to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal
Easing of Inflation: World Economic Growth Projections (Real GDP, Annual
% Change) for the Years 2020 Through 2024
-- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is
the Greater Evil? Inflation Battling Policy Measures to Slowdown Post
Pandemic Recovery in Unemployment Rates: Global Number of Unemployed
People (In Million) for Years 2019 Through 2024
-- COVID-19 Pandemic Impacts Industrial Activity Worldwide, Affecting Turbo
Compressor Demand
-- Global PMI Index Points for the Years 2018, 2019 & 2020
-- An Introduction to Turbocompressors
-- High-Pressure Turbo Compressors
-- Selecting the Right Compressor
-- Turbocharger & Turbocompressor
-- Global Market Prospects & Outlook
-- Oil & Gas Industry Leads Demand for Turbo Compressors
-- Developing Economies to Spearhead Future Growth
-- Competition
-- Turbocompressors - Global Key Competitors Percentage Market Share in
2023 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2023 (E)
-- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
-- Rapid Rise in Demand for LNG Fuel and Increased Cross-Border Trade Fuel
Demand
-- Global Energy Mix: 1990 Vs 2020
-- Global Natural Gas Production (In Billion Cubic Meter (BCM)) for Years
2018 Through 2022
-- Top LNG Importing Nations: LNG Imports in BCM by Country/Region for
2015, 2021 and 2025
-- Top LNG Exporting Nations: LNG Imports in BCM by Country for 2015, 2021
and 2025
-- Impact of COVID-19 on the Oil & Gas Industry
-- Growing Use of Turbocompressor in Wastewater Treatment
-- Global Per Capita Availability of Water by Geographic Region (In Cubic
Meters) for the Years 1990, 2018 and 2025
-- Global Water and Wastewater Treatment Market (in US$ Billion) for the
Years 2021, 2023, 2025 and 2027
-- Impact of COVID-19 on Water and Waste Water Treatment Business
-- Increasing Energy Demand and Rising Power Generation Augur Well for the
Market
-- Global Energy Production by Source: Breakdown of Electricity (Billion
Kilowatt Hours) by Source for 2030 & 2040
-- Rising Sales of Passenger Vehicles Fuels Demand for Turbocompressors in
Automotive Industry
-- World Automobile Production in Million Units: 2008-2022
-- How the Automotive Industry Was Impacted by Pandemic & What's the New
Normal?
-- Car Production YoY % Growth in 2020 Across Major Regional Markets
-- Technological Advancements & Innovations to Propel Market Growth
-- Sulzer's HST Turbo Compressors for Water Industry
-- E-Turbo: Future of Turbocharger Technology
-- Challenges Confronting Turbocompressors Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/as9f7a
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