The global turbocompressor market revenue is expected to register a moderate CAGR over the forecast period. Increasing demand for energy globally coupled with growing industrialization are major factors expected to boost growth of the target market over the forecast period.
The global turbocompressor market report has been segmented on the type, application, stage, output pressure, and region.
Based on stage, the global turbocompressor market is segmented based on single stage and multi-stage. The multi-stage turbocompressor segment is estimated to account for highest revenue share in 2018.
Based on output pressure, the global turbocompressor market is segmented based on 0 bar–20 bar, 21 bar–100 bar, and above 100 bar. The 0 bar–20 bar segment is estimated to account for significant revenue share in 2018.
Based on application, the global turbocompressor market is segmented based on oil & gas, power generation, chemical, and water treatment. The oil & gas segment is estimated to account for significant revenue share in 2018, and expected to register CAGR of XX.X% over the forecast period.
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Based on region, the global market is segmented based on North America, Europe, Latin America, Asia Pacific and Middle East & Africa. North America contributes for significant market share in terms of revenue in global turbocompressor market and is expected to maintain its dominance over the forecast period. Increasing demand for turbocompressor from various end use industries such as oil & gas, power generation, and chemical industry especially from the US, is a major factor expected to drive growth of North America over the forecast period.
Some prominent players in the global turbocompressor market are Siemens AG, General Electric, Mitsubishi Heavy Industries, Ltd., MAN Diesel & Turbo SE, Kobe Steel Ltd., Atlas Copco AB, Howden Group Ltd., SKF AB, Sulzer Ltd., and Kawasaki Heavy Industries Ltd.