December 15, 2015 - 4:03 PM EST
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Research and Markets: Global Turbomachinery Market Outlook for Oil and Gas Industry - Market Analysis by Geography, Type, Area of Application, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2015-2020)

Research and Markets ( has announced the addition of the "Global Turbomachinery Market - Growth Trends and Forecasts (2015-2020)" report to their offering.

The report estimates suggests that approximately 80 million more barrels of oil equivalent per day of new production capacity will be needed by 2020. But it wont be easy as conventional resources are being rapidly depleted. Other factors such as rise in electricity demand of 75 percent and water demand of 54 percent by 2030, while CO2 emissions will jump 35 percent in that same period are forcing the oil and gas operators to increase their use of turbo machinery in their daily operations, in order to achieve greater production levels and better efficiencies.

Factors such as increase in CAPEX spending per barrel of new capacity additions, growth in unconventional and subsea energy spend, and technological advances easing daily operations are driving the market towards growth. Whereas high initial costs and political uncertainties are some of the factors pulling the market back.

Like other oil and gas markets, North America is expected to lead the turbo machinery market in the coming decade. The regions market would be primarily driven by increasing shale activity across United States, Canada and increasing offshore exploration in Gulf of Mexico.

Europe and Asia-Pacific are growing rapidly in terms of market demand. Demand is high particularly in some countries such as China, India, United Kingdom, and the Netherlands. The North Sea region presents a decent market opportunity for drilling and completion fluids segment as its new exploration activity is at an all-time high primarily because of the decreasing production levels since past few years and going into much deeper waters to find new oil and gas reserves.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Overview

4. Drivers, Constraints & Opportunities

5. Global Turbo Machinery Market Analysis, by Application Areas

6. Global Turbo Machinery Market Analysis, by Type

7. Global Turbo Machinery Market Analysis, by Geography

8. Competition

9. Key Company Analysis

10. Competitive Landscape

Companies Mentioned:

  • Baker Hughes Inc
  • Weatherford International Ltd
  • Schlumberger Ltd
  • GE Energy
  • Siemens AG
  • MAN Turbo Machinery
  • Schneider Electric
  • Elliott Group
  • Ingersoll Rand
  • Kobe Steel Ltd

For more information visit

Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Gas, Oil, Turbines , Compressors

Source: Business Wire (December 15, 2015 - 4:03 PM EST)

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