Manufacturing and Construction Reports by Million Insights Turbo Compressors Market Revenue Analysis, Trends | Page 2

The only factor that is acting as a major hurdle in the growth of the market include strict regulations and norms laid
down by the government authorities in the oil and gas sector regarding environment and augmenting
customization demands from the end-user industries. Despite these issues, it has been estimated that the presence
of highly developed technologies and augmented adoption of turbo compressors in CO2 transmissions will keep on
providing huge market growth opportunities.
Global Turbo Compressors Market is segmented on the basis of application as oil and gas, chemical processes,
power generation and offshore. Among all the applications, the segment of oil and gas is lately taking up the largest
share in the market. Global Turbo Compressors Market is segmented on the basis of stage as single-stage and
multi-stage. Global Turbo Compressors Market is segmented on the basis of geographical region include North
America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
As far as the geographical region is concerned, Asia Pacific is the leading region and it is lately displaying a stable
growth as compared to others, the reason being existence of production facilities concerning refineries, chemical
companies and power generation projects. Other factor that can be attributed to the particular growth include
coming up of modern industrial sectors that is ultimately paving ways for continuous growth of the turbo
compressor market.
On the other hand, Middle East and Africa is also emerging as a promising region and it has also been displaying a
huge growth in the market, the reason being intensified industrialization in the industries entailing automotive
production and assembly in the particular region. The key players operating in the Global Turbo Compressors
market include Seimen AG, Mitsubishi Heavy Industries Ltd., GE Oil & Gas, Ingersoll-Rand PLC, Kobel Steel Ltd.,
Elliot Group Ltd., Sulzer Ltd., SKF, Man Diesel & Turbo, Atlas Copco AB, Howden Group Ltd., and Kawasaki Heavy
Industries Ltd.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue
(million USD), market share and growth rate of Turbo Compressor in these regions, from 2013 to 2025 (forecast),
covering
• North America
• Europe
• China