Market Scope

In Europe turbocompressor market is witnessing significant growth owing to the region's stringent environmental regulations and the increasing adoption of turbocompressors across various industrial applications. Countries like Germany, France, and the United Kingdom are at the forefront of market expansion, driven by investments in renewable energy projects and efforts to reduce carbon emissions. Additionally, the presence of major players and ongoing technological innovations are further propelling market growth in the region. With a focus on sustainability and energy efficiency, Europe presents abundant opportunities for turbocompressor manufacturers and suppliers to capitalize on emerging trends and meet the evolving needs of industries such as petrochemicals, food processing, and wastewater treatment.

Market Research Future (MRFR) projects the Europe Turbocompressor market to record considerable growth over the review period (between 2024 and 2032). 

Primary Boosters and Main Deterrents

On the bright side, the Europe Turbocompressor market is expected to remain resilient in the face of the ongoing crisis. The increasing deployment of Europe Turbocompressors for chemical processes and power generation coupled with the surge in liquefied natural gas trade between countries will ensure smooth run for the market in the approaching years. The speedily rising industrialization across Asian countries like India and China in line with the cheap oil prices also benefits the worldwide market to a large extent. The boom in automotive production along with the non-oil and gas sector, especially in the Middle East can also boost the expansion rate of the Europe Turbocompressor market.

Emergence of innovative technologies has facilitated the reduction in the cost of Europe Turbocompressors, leading to higher demand across the globe. In addition to this, the rising deployment of Europe Turbocompressors for CO2 transmissions gives rise to lucrative opportunities in the global market.

Market Segmentation

Europe Turbocompressor market share across the globe has been studied extensively by MRFR experts, while considering application, type, and stage as the primary segments.

The application-wise segments that have been covered in the market study are oil & gas, chemical, offshore, power generation, and others.

The types of Europe Turbocompressors are centrifugal as well as axial.

The stages broadly covered are single stage and multi-stage.

Regional Insight

The regional segregation of the Europe Turbocompressors market includes North America, APAC or Asia Pacific, Europe, along with the Rest of the World or RoW.

APAC has materialized into a formidable market for Europe Turbocompressors, in correspondence with the growth in the industrial sector in India and China. The rampant demand for gas in Australia and the increasing use of Europe Turbocompressors in the power generation as well as the manufacturing industry has led to higher intake of natural gas in the region. The mounting demand for electricity in the region and the consequent rise in the demand for natural gas has boosted the growth of the Europe Turbocompressor market. High investment rate in petrochemicals and refining industry combined with the rising steel production in India has helped Europe Turbocompressors emerged as a profitable market in the country.

The North American market stands on the shoulders of the large number of manufacturing facilities across the region that belong to chemical companies, power generation projects and refineries. The development of new industrial sectors and the increasing LNG trade also ensure relentless market growth in the region. To remain one step ahead in the race, most of the leading manufacturers in the region are devising schemes to offer customized products that can enhance the efficiency of compressors. These kinds of strategies in the form of technological innovations can propel the market position in North America in the following years. On the other hand, the rapid expansion of the oil & gas sector can boost the growth of the Europe Turbocompressor market in the Middle East & Africa.

Leading Participants

• Atlas Copco AG
• Sulzer Ltd.
• Kobe Steel Ltd.
• GE Oil & Gas
• Man Diesel & Turbo SE
• Siemens AG
• Kawasaki Heavy Industries Lid.
• Ingersoll Rand
• Howden Group Ltd
• Hitachi Ltd.
• Mitsubishi Heavy Industries Ltd.
• SKF
• Elliott Group
• Rotating Machinery Services InC
• Sundyne Corporation
• Sullivan-Palatek Inc
• Gardner Denver Inc

Recent Updates

May 2020

Celeroton recently launched a new Europe Turbocompressor called CT-NG-2000, which is electrically driven, gas bearing and high-speed machine that is used for inert and noble gases. The Europe Turbocompressor can connect to various units in parallel configurations, boosting the pressure ratio as well as mass flow.

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