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Turbomachinery Market By Type (Gas & Steam Turbine, Gas Compressor, Pump, Others) By Industry (Upstream, Midstream, Downstream) By Deployments (Onshore, Offshore) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

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Published: | Report ID: 10724 | Report Format : PDF

Key Highlights of the report

How are the major segments performing in the Turbomachinery Market?

  • In 2022, the onshore deployment segment accounted for the major revenue share of the market owing to the multiple forms of turbomachinery models commonly deployed on onshore gas compressors.
  • In 2022, the downstream industry segment held a prominent global turbomachinery market revenue share. Rapidly increasing refined product demand in emerging markets like China, Mexico, India, and Brazil is expected to drive the downstream turbomachinery market.
  • The gas & steam turbine type segment was anticipated to account for a significant global turbomachinery market share in 2022 due to their superior reliability, especially in applications requiring high power consistently.

Which region dominated the turbomachinery market?

Asia Pacific dominated the global turbomachinery market in 2022. Asia Pacific is the primary market for turbomachinery control solutions owing to significant investments in Japan, China, and India for ongoing advancements in the region’s power and oil & gas industries. Asia Pacific is expected to hold the largest market for turbomachinery control solutions during the forecast period, owing to rising urbanization and national purchasing power. Furthermore, developing countries population growth, urbanization, and industrialization have increased the demand for refined and petroleum refinery commodities. As a result, the focus of turbomachinery vendors has shifted to countries such as China and India.

How is US Market Performing in the turbomachinery market?

The North American upstream industry is expected to grow faster in the turbomachinery market due to the positive outlook in the United States and Canada. The crude oil production along the Gulf Coast of the United States increased from 5.2 million BPD in 2015 to 7.1 million BPD in 2019, with the Permian Basin in western Texas and southeast New Mexico being the main contributors. As a result, growth in the United States and private sector investments in Canada are anticipated to propel the North American upstream oil and gas turbomachinery market in the predicted period. The oil and gas industry has recently experienced some stability, and it is anticipated that this stability will lead to an increase in investment in the region’s upstream, midstream, and downstream industries, which will boost the expansion of the oil and gas industry turbomachinery market.

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How is the economy impacting global turbomachinery market growth?

In the short term, the Russia-Ukraine war hampered global economic recovery from the COVID-19 pandemic. The conflict between these two nations has resulted in economic sanctions against several countries, a rise in commodity prices, and disruptions in supply chains that have impacted turbomachinery markets worldwide. However, the increase in renewable energy generation is expected to drive future growth in the turbomachinery market for gas compressors and cryogenic pumps. Cryogenic pumps generate renewable energy by depressurizing high-pressure gases with power generation equipment, resulting in electricity generation.

What is the competitive environment of the turbomachinery market?

The global turbomachinery market is moderately fragmented owing to the many companies operating in the industry. Major players in the global turbomachinery solutions market are implementing various organic and inorganic growth strategies, including joint ventures, strategic alliances, expansion, collaborations, mergers & acquisitions, new product launches, and research & development, to strengthen their regional presence and business operations. For example, in December 2021, Edwards Vacuum, a UK-based provider of cryogenic pumps, introduced a new cryopump for turbomachinery applications, the CTI-Cryogenics On-Board IS 320F XVS. This product has special attributes like cryogenic heat load compensation, variable speed motor and control system, and intelligent self-adjusting technology to deliver consistent and stable vacuum performance between regenerations. It is an advanced system control that provides real-time system information for the best array temperature management while ensuring improved process quality, uptime, and vacuum consistency.

Executive Summary

What are the key trends in the Turbomachinery market?

  • Energizing turbomachinery innovations with additive manufacturing technology: The turbomachinery industry is extremely competitive, and the marketplace expects enhanced fuel efficiency, power generation, and system reliability with lower maintenance costs, manufacturing efficiency, and supply chain efficiency. Gas turbines require high-performance superalloys and increasingly complex shapes. Traditional manufacturing methods have long lead times and generate much waste. Furthermore, they frequently involve multi-part assemblies, which are costly to produce and result in turbines that are more prone to stresses and failures. Modern turbomachinery producers are overcoming these obstacles and speeding up innovation by switching to additive manufacturing (AM), also known as 3D printing. Additive manufacturing shortens the design cycle by allowing for the rapid and low-cost production of complex parts for fit, form, and function testing. Additive manufacturing allows for greater design flexibility, improved system performance and reliability, higher reliability, shorter market time, and increased supply chain efficiency.

What are all the technical developments in the Turbomachinery Market?

Major industries, such as turbomachinery manufacturers, are investing heavily in the R&D of modern technology to decrease start-up time, enhance productivity at idle speeds, and improve sensitivity to changes in power demands to increase turbomachines’ overall efficiency. Rapid technological advances in the energy industry, combined with a shift in emphasis toward distributed power generation technologies, propel the global market forward. The growing adoption of automation technologies in the industrial sector is anticipated to drive market growth in the coming years. For instance, CENTUM VP is an I/O module that integrates DEHC and DCS functionalities to monitor and control the energy production plant and turbomachinery control utilizing unified hardware, contributing to the growth of the turbomachinery system market.

Which are the key investments by the turbomachinery market players?

Oil and gas upstream facilities, process facilities, and power generation all use turbomachinery. Turbomachinery is frequently the most important capital equipment investment. India is growing rapidly as a market for turbomachinery systems owing to recent significant improvements in city gas distribution there and an investment of USD 16.7 billion by 2030. India is also increasing its investments in the refining and petrochemical industries. India’s capacity to refine petroleum increased by 6.51% from March 2018 to March 2019, reaching 22495.43 TMT. Saudi Aramco recently announced a USD 75 billion investment in Reliance’s oil-to-chemical (O2C) division. China’s energy demand is steadily rising, indicating an increase in demand for turbines and compressors, which will drive the turbomachinery market forward.

Some major players in the turbomachinery market are General Electric Company, Siemens AG, Sulzer Ltd, Air Products & Chemicals Inc, MAN SE, Caterpillar Inc, Elliott Group Ltd, Atlas Copco AB, Kobe Steel Ltd, and Galileo Technologies S.A.

What are the Major Driving Factors for the Turbomachinery Market?

A turbomachinery system regulates the power and speed of a turbine. The turbomachinery system ensures greater safety and superior performance. The turbomachinery control system directs the speed of gas, steam, and hydro turbines. It also ensures compressor security and load balancing between generators or compressors to ensure the most efficient use of resources. Some key factors driving the market include the increasing adoption of turbomachinery in conjunction with the growth of the power and chemical industries, rising demand for oil and gas, and the inherent advantages of turbomachinery systems. Power, oil & gas, mechanical retrofit, food & beverage, and life sciences industries highly demand turbomachinery solutions.

What are the Major Risks for the Turbomachinery Market?

Integrating turbomachinery machinery into a single control system is complex and expensive. Furthermore, governments in various countries are shifting to cleaner energy sources to reduce carbon emissions from conventional fuels. This trend will drive customers to shift to renewable energy generation, reducing the need for turbomachinery. Consequently, this limits the market’s growth during the anticipated period for turbomachinery control systems.

Turbomachinery Market

 

Which is the key industry in the turbomachinery market?

In 2022, the downstream sector dominated the oil and gas industry turbomachinery market, and this is expected to continue in the forecast period. The downstream oil and gas turbomachinery market is expected to be driven by rising refined product demand in emerging markets such as China, India, Mexico, and Brazil. Besides, global demand for natural gas is expected to rise because natural gas is less harmful to the environment than other fossil fuels such as oil. There is a global trend toward the consumption of cleaner fuel due to concerns about air pollution and global warming. As a result, it is anticipated that the gas’s share of overall global energy consumption will increase. Furthermore, demand for turbines and compressors is increasing, and the recent drop in crude oil prices has opened up new prospects for downstream industries.

How is the turbomachinery market performing in regions?

The Asia Pacific market is expected to grow at the fastest rate in the global turbomachinery market in the projected period, owing to increased investments and advancement of gas distribution network, increased refining & petrochemical-related industries in developing countries like India, growing demand for energy and a slowdown in coal energy production in China, growth in the chemical industry, and increased awareness of the use of natural gas. Besides, Europe is a major consumer of turbomachinery control solutions. The market for turbomachinery control solutions is anticipated to grow significantly in the region due to manufacturers’ expansion.

What is the regulatory landscape for the turbomachinery market?

Various potentially hazardous devices are used in industrial processing facilities, and employees must follow safety regulations to avoid sanctions. Strict coal-plant regulations, low gas prices, and increased use of renewable energy are driving the shift to combined-cycle gas turbine technology. The industrial demand for gas and steam turbine turbomachinery is increasing due to strict pollution regulations.

What is the Market Size of Turbomachinery regarding value?

The global turbomachinery market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global Turbomachinery industry was estimated to be worth USD XX billion in 2022 and was expected to be worth USD XX billion by 2028.

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What are the major players planning for the future of the turbomachinery market?

Established manufacturers in the turbomachinery system use merger and acquisition strategies to gain global market dominance. For example, on July 2, 2018, ABB Group completed its acquisition of GE industrial solutions and the electrification solution business of GE. This acquisition expands ABB’s digital offering’s growth opportunities. Major businesses are also engaged in new offerings and forming alliances to diversify their services portfolio and establish a strong presence in the global turbomachinery market.

REPORT ATTRIBUTE DETAILS
Turbomachinery Market by Volume Yes
Market by Value Yes
Market, Tornado Analysis Yes
Market, STAR Analysis Yes
Market, SRC Analysis Yes
Market, Import-Export Data Yes (On Demand)
 Market Pricing Analysis Yes (On Demand)
Market Segment Analysis By Type (Gas & Steam Turbine, Gas Compressor, Pump, and Others)

By Deployment (Onshore and Offshore)

By Industry (Upstream, Midstream, and Downstream)

Market, Regional Analysis North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)

Market Key Companies General Electric Company, Siemens AG, Sulzer Ltd, Air Products & Chemicals Inc, MAN SE, Caterpillar Inc, Elliott Group Ltd, Atlas Copco AB, Kobe Steel Ltd, and Galileo Technologies S.A.
Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Segmentation of Global Turbomachinery Market-

Global Turbomachinery Market – By Type

  • Gas & Steam Turbine
  • Gas Compressor
  • Pump
  • Others

Global Turbomachinery Market – By Industry

  • Upstream
  • Midstream
  • Downstream

Global Turbomachinery Market – By Deployments

  • Onshore
  • Offshore

Global Turbomachinery Market – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Turbomachinery Market
2.2. Global Turbomachinery Market, By Type
2.3. Global Turbomachinery Market, By Industry
2.4. Global Turbomachinery Market, By Deployment
2.5. Global Turbomachinery Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Turbomachinery Market Value, 2016-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Industry
3.5.3. Deployment
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Turbomachinery Market
7.1. Global Turbomachinery Market, by Type, 2016-2030(US$ Bn)
7.1.1. Overview
7.1.2. Global Turbomachinery Market, By Type, 2022 vs 2030 (in%)
7.1.3. Global Turbomachinery Market, By Gas & Steam Turbine, 2016-2030 (US$ Bn)
7.1.4. Global Turbomachinery Market, By Gas Compressor, 2016-2030 (US$ Bn)
7.1.5. Global Turbomachinery Market, By Pump, 2016-2030 (US$ Bn)
7.1.6. Global Turbomachinery Market, By Others, 2016-2030 (US$ Bn)
7.2. Global Turbomachinery Market, by Industry, 2016-2030(US$ Bn)
7.2.1. Overview
7.2.2. Global Turbomachinery Market, By Industry, 2022 vs 2030 (in%)
7.2.3. Global Turbomachinery Market, By Upstream, 2016-2030 (US$ Bn)
7.2.4. Global Turbomachinery Market, By Midstream, 2016-2030 (US$ Bn)
7.2.5. Global Turbomachinery Market, By Downstream, 2016-2030 (US$ Bn)
7.3. Global Turbomachinery Market, by Deployment, 2016-2030(US$ Bn)
7.3.1. Overview
7.3.2. Global Turbomachinery Market, By Deployment, 2022 vs 2030 (in%)
7.3.3. Global Turbomachinery Market, By Onshore, 2016-2030 (US$ Bn)
7.3.4. Global Turbomachinery Market, By Offshore, 2016-2030 (US$ Bn)

8. North America Turbomachinery Market Analysis
8.1. North America Turbomachinery Market, by Type, 2016-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Turbomachinery Market, by Industry, 2016-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Turbomachinery Market, by Deployment, 2016-2030(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
8.4.1. U.S.
8.4.1.1. U.S. Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
8.4.1.2. U.S. Turbomachinery, By Type, 2016-2030 (US$ Bn)
8.4.1.3. U.S. Turbomachinery, By Industry, 2016-2030 (US$ Bn)
8.4.1.4. U.S. Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
8.4.2. Canada
8.4.2.1. Canada Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
8.4.2.2. Canada Turbomachinery, By Type, 2016-2030 (US$ Bn)
8.4.2.3. Canada Turbomachinery, By Industry, 2016-2030 (US$ Bn)
8.4.2.4. Canada Turbomachinery, By Deployment, 2016-2030 (US$ Bn)

9. Europe Turbomachinery Market Analysis
9.1. Europe Turbomachinery Market, by Type, 2016-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Turbomachinery Market, by Industry, 2016-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Turbomachinery Market, by Deployment, 2016-2030(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
9.4.1. Germany
9.4.1.1. Germany Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.1.2. Germany Turbomachinery, By Type, 2016-2030 (US$ Bn)
9.4.1.3. Germany Turbomachinery, By Industry, 2016-2030 (US$ Bn)
9.4.1.4. Germany Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
9.4.2. France
9.4.2.1. France Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.2.2. France Turbomachinery, By Type, 2016-2030 (US$ Bn)
9.4.2.3. France Turbomachinery, By Industry, 2016-2030 (US$ Bn)
9.4.2.4. France Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
9.4.3. UK
9.4.3.1. UK Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.3.2. UK Turbomachinery, By Type, 2016-2030 (US$ Bn)
9.4.3.3. UK Turbomachinery, By Industry, 2016-2030 (US$ Bn)
9.4.3.4. UK Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
9.4.4. Italy
9.4.4.1. Italy Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.4.2. Italy Turbomachinery, By Type, 2016-2030 (US$ Bn)
9.4.4.3. Italy Turbomachinery, By Industry, 2016-2030 (US$ Bn)
9.4.4.4. Italy Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
9.4.5. Spain
9.4.5.1. Spain Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.5.2. Spain Turbomachinery, By Type, 2016-2030 (US$ Bn)
9.4.5.3. Spain Turbomachinery, By Industry, 2016-2030 (US$ Bn)
9.4.5.4. Spain Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
9.4.6.2. Rest of Europe Turbomachinery, By Type, 2016-2030 (US$ Bn)
9.4.6.3. Rest of Europe Turbomachinery, By Industry, 2016-2030 (US$ Bn)
9.4.6.4. Rest of Europe Turbomachinery, By Deployment, 2016-2030 (US$ Bn)

10. Asia Pacific Turbomachinery Market Analysis
10.1. Asia Pacific Turbomachinery Market, by Type, 2016-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Turbomachinery Market, by Industry, 2016-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Turbomachinery Market, by Deployment, 2016-2030(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
10.4.1. China
10.4.1.1. China Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.1.2. China Turbomachinery, By Type, 2016-2030 (US$ Bn)
10.4.1.3. China Turbomachinery, By Industry, 2016-2030 (US$ Bn)
10.4.1.4. China Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
10.4.2. Japan
10.4.2.1. Japan Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.2.2. Japan Turbomachinery, By Type, 2016-2030 (US$ Bn)
10.4.2.3. Japan Turbomachinery, By Industry, 2016-2030 (US$ Bn)
10.4.2.4. Japan Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
10.4.3. India
10.4.3.1. India Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.3.2. India Turbomachinery, By Type, 2016-2030 (US$ Bn)
10.4.3.3. India Turbomachinery, By Industry, 2016-2030 (US$ Bn)
10.4.3.4. India Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
10.4.4. South Korea
10.4.4.1. South Korea Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.4.2. South Korea Turbomachinery, By Type, 2016-2030 (US$ Bn)
10.4.4.3. South Korea Turbomachinery, By Industry, 2016-2030 (US$ Bn)
10.4.4.4. South Korea Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
10.4.5. South-East Asia
10.4.5.1. South-East Asia Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.5.2. South-East Asia Turbomachinery, By Type, 2016-2030 (US$ Bn)
10.4.5.3. South-East Asia Turbomachinery, By Industry, 2016-2030 (US$ Bn)
10.4.5.4. South-East Asia Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
10.4.6.2. Rest of Asia Pacific Turbomachinery, By Type, 2016-2030 (US$ Bn)
10.4.6.3. Rest of Asia Pacific Turbomachinery, By Industry, 2016-2030 (US$ Bn)
10.4.6.4. Rest of Asia Pacific Turbomachinery, By Deployment, 2016-2030 (US$ Bn)

11. Latin America Turbomachinery Market Analysis
11.1. Latin America Turbomachinery Market, by Type, 2016-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Turbomachinery Market, by Industry, 2016-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Turbomachinery Market, by Deployment, 2016-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
11.4.1. Brazil
11.4.1.1. Brazil Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
11.4.1.2. Brazil Turbomachinery, By Type, 2016-2030 (US$ Bn)
11.4.1.3. Brazil Turbomachinery, By Industry, 2016-2030 (US$ Bn)
11.4.1.4. Brazil Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
11.4.2. Mexico
11.4.2.1. Mexico Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
11.4.2.2. Mexico Turbomachinery, By Type, 2016-2030 (US$ Bn)
11.4.2.3. Mexico Turbomachinery, By Industry, 2016-2030 (US$ Bn)
11.4.2.4. Mexico Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
11.4.3.2. Rest of Latin America Turbomachinery, By Type, 2016-2030 (US$ Bn)
11.4.3.3. Rest of Latin America Turbomachinery, By Industry, 2016-2030 (US$ Bn)
11.4.3.4. Rest of Latin America Turbomachinery, By Deployment, 2016-2030 (US$ Bn)

12. Middle East and Africa Turbomachinery Market Analysis
12.1. Middle East and Africa Turbomachinery Market, by Type, 2016-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Turbomachinery Market, by Industry, 2016-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Turbomachinery Market, by Deployment, 2016-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
12.4.1. GCC Countries
12.4.1.1. GCC Countries Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
12.4.1.2. GCC Countries Turbomachinery, By Type, 2016-2030 (US$ Bn)
12.4.1.3. GCC Countries Turbomachinery, By Industry, 2016-2030 (US$ Bn)
12.4.1.4. GCC Countries Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
12.4.2. South Africa
12.4.2.1. South Africa Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
12.4.2.2. South Africa Turbomachinery, By Type, 2016-2030 (US$ Bn)
12.4.2.3. South Africa Turbomachinery, By Industry, 2016-2030 (US$ Bn)
12.4.2.4. South Africa Turbomachinery, By Deployment, 2016-2030 (US$ Bn)
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Turbomachinery Market Estimates and Forecast, 2016-2030 (US$ Bn)
12.4.3.2. Rest of Middle East and Africa Turbomachinery, By Type, 2016-2030 (US$ Bn)
12.4.3.3. Rest of Middle East and Africa Turbomachinery, By Industry, 2016-2030 (US$ Bn)
12.4.3.4. Rest of Middle East and Africa Turbomachinery, By Deployment, 2016-2030 (US$ Bn)

13. Company Profiles
13.1. General Electric Company
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Siemens AG
13.3. Sulzer Ltd
13.4. Air Products & Chemicals Inc
13.5. MAN SE, Caterpillar Inc
13.6. Elliott Group Ltd
13.7. Atlas Copco AB
13.8. Kobe Steel Ltd
13.9. Galileo Technologies S.A.
13.10. Others

 

List of Figures

FIG. 1 Global Turbomachinery Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Turbomachinery Market Segmentation
FIG. 4 Global Turbomachinery Market, by Type, 2022 (US$ Bn)
FIG. 5 Global Turbomachinery Market, by Industry, 2022 (US$ Bn)
FIG. 6 Global Turbomachinery Market, by Deployment Type, 2022 (US$ Bn)
FIG. 7 Global Turbomachinery Market, by Geography, 2022 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Type, 2022
FIG. 9 Attractive Investment Proposition, by Industry, 2022
FIG. 10 Attractive Investment Proposition, by Deployment Type, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Turbomachinery Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Turbomachinery Market Manufacturers, 2022
FIG. 14 Global Turbomachinery Market Value Contribution, By Type, 2022 & 2030 (Value %)
FIG. 15 Global Turbomachinery Market, by Gas & Steam Turbine, Value, 2016-2030 (US$ Bn)
FIG. 16 Global Turbomachinery Market, by Gas Compressor, Value, 2016-2030 (US$ Bn)
FIG. 17 Global Turbomachinery Market, by Pump, Value, 2016-2030 (US$ Bn)
FIG. 18 Global Turbomachinery Market, by Others, Value, 2016-2030 (US$ Bn)
FIG. 19 Global Turbomachinery Market Value Contribution, By Industry, 2022 & 2030 (Value %)
FIG. 20 Global Turbomachinery Market, by Upstream, Value, 2016-2030 (US$ Bn)
FIG. 21 Global Turbomachinery Market, by Midstream, Value, 2016-2030 (US$ Bn)
FIG. 22 Global Turbomachinery Market, by Downstream, Value, 2016-2030 (US$ Bn)
FIG. 23 Global Turbomachinery Market Value Contribution, By Deployment, 2022 & 2030 (Value %)
FIG. 24 Global Turbomachinery Market, by Onshore, Value, 2016-2030 (US$ Bn)
FIG. 25 Global Turbomachinery Market, by Offshore, Value, 2016-2030 (US$ Bn)
FIG. 26 U.S. Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 27 Canada Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 28 Germany Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 29 France Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 30 U.K. Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 31 Italy Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 32 Spain Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 33 Rest of Europe Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 34 China Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 35 Japan Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 36 India Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 37 South Korea Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 38 Southeast Asia Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 39 Rest of Asia Pacific Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 40 Latin America Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 41 Brazil Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 42 Mexico Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 43 Rest of Latin America Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 44 Middle East & Africa Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 45 GCC Countries Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 46 South Africa Turbomachinery Market, 2016-2030 (US$ Bn)
FIG. 47 Rest of Middle East and Africa Turbomachinery Market, 2016-2030 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Turbomachinery Market
TABLE 2 Global Turbomachinery Market, by Competitive Benchmarking, 2022
TABLE 3 Global Turbomachinery Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Turbomachinery Market, by Key Strategies Analysis, 2022
TABLE 5 Global Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 6 Global Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 7 Global Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 8 Global Turbomachinery Market, by Geography, 2016-2030 (US$ Bn)
TABLE 9 North America Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 10 North America Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 11 North America Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 12 North America Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
TABLE 13 US Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 14 US Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 15 US Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 16 Canada Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 17 Canada Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 18 Canada Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 19 Europe Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 20 Europe Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 21 Europe Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 22 Europe Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
TABLE 23 Germany Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 24 Germany Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 25 Germany Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 26 France Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 27 France Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 28 France Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 29 UK Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 30 UK Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 31 UK Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 32 Italy Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 33 Italy Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 34 Italy Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 35 Spain Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 36 Spain Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 37 Spain Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 38 Rest of Europe Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 39 Rest of Europe Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 40 Rest of Europe Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 41 Asia Pacific Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 42 Asia Pacific Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 43 Asia Pacific Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 44 Asia Pacific Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
TABLE 45 China Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 46 China Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 47 China Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 48 Japan Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 49 Japan Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 50 Japan Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 51 India Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 52 India Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 53 India Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 54 South Korea Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 55 South Korea Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 56 South Korea Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 57 South East Asia Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 58 South East Asia Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 59 South East Asia Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 60 Rest of Asia Pacific Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 61 Rest of Asia Pacific Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 62 Rest of Asia Pacific Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 63 Latin America Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 64 Latin America Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 65 Latin America Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 66 Latin America Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
TABLE 67 Brazil Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 68 Brazil Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 69 Brazil Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 70 Mexico Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 71 Mexico Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 72 Mexico Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 73 Rest of Latin America Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 74 Rest of Latin America Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 75 Rest of Latin America Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 76 Middle East and Africa Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 77 Middle East and Africa Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 78 Middle East and Africa Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 79 Middle East and Africa Turbomachinery Market, by Country, 2016-2030 (US$ Bn)
TABLE 80 GCC Countries Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 81 GCC Countries Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 82 GCC Countries Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 83 South Africa Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 84 South Africa Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 85 South Africa Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)
TABLE 86 Rest of Middle East and Africa Turbomachinery Market, by Type, 2016-2030 (US$ Bn)
TABLE 87 Rest of Middle East and Africa Turbomachinery Market, by Industry, 2016-2030 (US$ Bn)
TABLE 88 Rest of Middle East and Africa Turbomachinery Market, by Deployment, 2016-2030 (US$ Bn)

Frequently Asked Questions:

How does COVID-19 impact the global turbomachinery market?

The COVID-19 outbreak has directly impacted the turbomachinery market. The COVID-19 outbreak is reducing demand for turbomachinery solutions providers in various applications.

Which is the leading region of the market for turbomachinery?

In 2022, Asia Pacific held the largest share of the global turbomachinery market.

What are the key drivers for the growth of the turbomachinery market?

The increasing demand for turbomachinery control systems in oil & gas, chemical & petrochemical, transportation, and power generation applications can be attributed to the global growth of this market.

Which is the major segment in the turbomachinery market by type?

The gas & steam turbine segment had a major share of the global market in 2022.

Which is the major segment in the turbomachinery market by industry?

The downstream segment had a major share in the global market.

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