The global turbo-machinery market was valued at US$ XX Mn in 2017 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period. A turbo-machine in general can be defined as devices which extract from or imparts energy to a continuously moving stream of fluid. It basically transfers energy between a rotor and a fluid. Compressors, turbines and fans all come under the same family of the turbo-machines.
The oil and gas industry, power plants, automobiles and aero-space sector etc are the end-users of this market.MARKET DYNAMICS
The following factors are important in deciding the fate of the market.
The gas turbines are durable and have low maintenance costs.
The high growth rate of the oil and gas industry has directly boosted the global turbo-machinery industry the former being its primary end-user.
With the surge in the demand of power especially in the developing countries the power plants are vastly employing turbo-machinery.
Automobile and aerospace industries also use turbo-machines. It is the primary component in the jet engines.
Pumps (a type of turbo-machine) have innumerable uses. With its never-ending demand it provides forward momentum to the industry.
Technological advancements have also brought down the installation and maintenance costs thus leading to the growth of the industry.
Turbo-machines have very high installation costs.
The functioning of the turbo-machines are often associated with the emission of green house gases which pose environmental threats.
Turbo-machinery industry owing to its direct link to the oil and gas industry has suffered setbacks whenever the latter faced challenges.
Raw material constraints also affect the growth of the industry negatively.
Modernisation of the technologies could reduce the start-up time, increase the productivity at idle speeds and enhance the sensitivity to modification in power demands thus increasing the overall efficiency of the turbo-machines. Development in material science would bring down the high initial installation costs thus making these machines more economical.
The market can be segmented into the following parts:
Based on the types:
> Single diaphragm
> Double & Multiple diaphragm
Based on the rated capacity:
> 1-40 MW
> 40-120 MW
> 40-120 MW
> 120-300 MW
> Above 300 MW
Based on application:
> Oil and Gas
> Power generation
> Transportation and automotive
Based on geographic market distribution:
> North America
> Latin America
> The Middle East
North-America holds the highest share in the turbo-machinery market and is expected to lead in the next decade. It is followed by the Asia-Pacific and Europe respectively. Asia-Pacific has the fastest growth rate in terms of market demand owing to the developing countries in the region. Demand is particularly high in countries like China, India, the UK, Netherlands, the US etc.
Some the major players in this market are:
--> Siemens AG
--> Alstom SA
--> Bharat Heavy Electricals Ltd.
--> Mitsuishi Hitachi Power Systems
--> General Electric Company
--> AnsaldoEnergia SPAReport Contents
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key PlayersRegional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus