The global turbocompressors market is projected to grow at a CAGR of 5.4% during the forecast period, turbocompressors market to reach USD 15.81 Billion by 2021. This growth can be attributed to the rising investments in the manufacturing sector and the increasing LNG trade between countries.
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The turbocompressors market is projected to reach USD 15.81 billion by 2021, turbocompressors market growing at a CAGR of 5.4% from 2016 to 2021.
Oil & Gas: The largest and fastest growing end-user segment in the turbocompressors market: get copy at www.rnrmarketresearch.com/contacts…mple?rname=409186
Turbocompressors are used in almost all the stages of the oil & gas industry, from extraction to refining, transport, and storage. Given the increasing LNG trade between nations, the demand for turbocompressors is expected to increase in the future.
To minimize losses, major players have suspended or cancelled exploration and drilling investments.
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However, the growing demand for chemical and petrochemical derived products, coupled with low oil prices, has ensured the steady growth of the downstream oil & gas industry. The increasing investments in petrochemical industries area key factor spurring the growth of the turbocompressors market.
Factors such as the rapid growth of the manufacturing sector in South Asian countries and increasing investments in sectors other than oil & gas in the Middle East are driving market growth.
- Turbocompressor manufacturers, dealers, and suppliers
- Power generation companies
- Oil & gas refineries
- LNG transport companies
- Consulting companies and associations in the energy & power sector
- Government and research organizations
“Turbocompressor Market” spread across 184 pages, profiling 15 companies and supported with 82 tables and 38 figures
Leading players inthis industry have been profiled, along with their recent developments and other strategic activities. These include Ingersoll Rand PLC (Ireland), Siemens AG (Germany), Mitsubishi Heavy Industries, Ltd.
(Japan), General Electric (U.S.), and Atlas Copco (Sweden).
Key Point from Table of Content
Turbocompressors Market, By Type
Turbocompressors Market, By Application
Oil & Gas
Turbocompressors Market, By Stage
Single Stage Turbocompressors
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