Turbomachinery Market in Oil & Gas Industry – Top Players

2 min read

Turbomachinery is an essential link in the oil & gas market, helping industries reduce turnaround times and increase productivity across all spheres of operation. Turbomachinery typically includes turbines, centrifugal pumps and centrifugal & axial compressors, machines that enable energy transfer, through the use of a rotor. The oil & gas industry has historically been a major consumer of turbomachinery, which finds application areas in processes involving the transfer of oil and gas from oil wells to gas stations.

There has been a recent surge in the demand for energy and petrochemicals, created by the burgeoning population and rapid urbanization. So, it comes as no surprise that major automotive manufacturers have posted healthy growth in sales in 2016. The increasing number of vehicles is only expected to add to this growing energy demand significantly. And, depending on revenue and the scope of operation, we have listed some major players in the turbomachinery market in oil & gas industry (The figures have been corrected until 2015):

 

1. GENERAL ELECTRIC

01

 

 

 

 

 

 

 

 

 

 

General Electric (GE) is an American multinational conglomerate corporation headquartered in Fairfield, Connecticut.

GE’s major business segments include:

  • Power and Water
  • Oil & Gas
  • Energy Management
  • Aviation
  • Healthcare
  • Transportation
  • Capital

GE majorly manufactures the following turbomachinery products:

  • Centrifugal compressors
  • Axial compressors
  • Gas turbines
  • Steam turbines
  • Hot gas expanders
  • Control and auxiliary systems
  • Turboexpander-compressors

GE produces many aero-derivative turbines such as the PGT25, PGT25+, PGT 25+ G4, LM6000, LM6000PF+, LMS 60, Noval T16 and updates for same series turbines. The offerings include BCL centrifugal compressor and Blue-C centrifugal compressor. As a certified OEM of turbines, the company bundles both products in a single package.

2. SIEMENS AG

02

 

 

 

 

Siemens AG is a multinational conglomerate based in Berlin and Munich, Germany. Siemens is one of GE’s major competitors. The company is a global engineering powerhouse in the electrification value chain, and looks into power generation, transmission and distribution to smart grid solutions and the efficient application of electrical energy, especially in medical imaging and in-vitro diagnostics.

Siemens has recently strengthened its position in the turbine market with the acquisitions of Dresser-Rand and the Rolls-Royce Energy aero-derivative gas turbine and compressor business (both in 2015). Siemens offers turbomachinery under its power and gas business division.

3. MAN DIESEL & TURBO

 

03

 

 

 

 

Man Diesel and Turbo, a subsidiary of Man SE, produces turbomachinery for the oil & gas industry, the processing industry, and power generation. The company provides different gas compressors, expanders, gas and steam turbines for various industrial applications. The company provides products for upstream, midstream and downstream sectors of the oil & gas industry.

4. MITSUBISHI HEAVY INDUSTRIES LTD

04

 

 

 

Mitsubishi Heavy Industries Ltd (MHI) is a highly diversified company headquartered in Tokyo, Japan with a 130-year-old history.

Mitsubishi’s major business segments include:

  • Energy & Environment
  • Commercial aviation & transportation systems
  • Integrated defense & space systems
  • Machinery, equipment & infrastructure

MHI offers compressors under the machinery, equipment & infrastructure business segment. Mitsubishi Heavy Industries Compressor Corporation, wholly owned by MHI, produces compressors and turbines used for a broad range of oil & gas applications, including offshore production, gas processing, Enhanced Oil Recovery (EOR), refining, etc.

5. SOLAR TURBINES

05

 

 

 

 

Solar Turbines is a subsidiary of Caterpillar Inc. and is one of the world’s leading manufacturers of industrial gas turbines. The company has more than 15,000 units in over 100 countries.

Major Product Segments:

  • Gas turbine engines
  • Gas compressors
  • Gas turbine-powered compressor sets
  • Mechanical-drive packages and generator sets for oil, natural gas and power generation sector

Solar Turbines offers six families of mid-sized industrial turbines for use in power generation, gas compression and pumping systems, called, Saturn®, Centaur®, Mercury™, Taurus™, Mars® and Titan™.

6. HITACHI

hitachi

 

 

 

 

Hitachi, a world leader in electronics and industrial machinery, has manufactured over 3,000 compressors, including 1,000 sets of the centrifugal type, during the last century.

Hitachi offers a large variety of compressors for use in oil refineries, natural gas plants, and LNG applications. Hitachi’s centrifugal compressor range of includes vertically split process centrifugal compressors, horizontally split process centrifugal compressors, centrifugal compressors for gas pipelines and centrifugal compressors for FPSO applications.

7. ATLAS COPCO

07

 

 

 

 

 

 

Atlas Copco AB is another manufacturer of turbomachinery headquartered in Stockholm, Sweden. The company manufactures industrial tools, compressed air equipment, construction & mining equipment and assembly systems. Atlas Copco manufactures turbo compressors, expansion turbines and ORC power plants for the gas and process industry; and offers a matching range of aftermarket products. With divisional headquarters located in Cologne, Germany, the company operates a global network of production, sales and service locations.

For a detailed analysis of turbomachinery market in oil & gas industry, request a report sample for this market study. Alternatively, get in touch with one of our analysts here.

Mordor Intelligence

Enter your details..


Name error message


Email error message


Phone error message

Textarea error message