Frequently Asked Questions:
The COVID-19 outbreak has directly impacted the turbomachinery market. The COVID-19 outbreak is reducing demand for turbomachinery solutions providers in various applications.
In 2022, Asia Pacific held the largest share of the global 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.
The gas & steam turbine segment had a major share of the global market in 2022.
The downstream segment had a major share in the global market.