Centrifugal Compressors Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Atlas Copco AB (Stockholm :ATCO-A.ST), Elliott Opportunity II Corp. (NYSE EOCW),

The global centrifugal compressor market was valued at USD 11.33 billion in 2020, and it is expected to reach USD 14.99 billion by 2027, registering a CAGR of 4.26% during the forecast period of 2022-2027.

Centrifugal Compressors Market Overview

A centrifugal compressor is a type of compressor that uses rotating impellers or vanes to compress a gas instead of a piston. This particular design is used on refrigeration units and air conditioners along with in high-end air compressors. A centrifugal compressor is possible to be used in parts in order to create ultra-high compression of air or gasses. A centrifugal compressor possesses fewer parts and operates smoothly that a piston-type compressor.

The ZH 1000-3150 oil-free centrifugal air compressor provides the optimum combination of high flow and low energy consumption. It is an all-in-one oil-free air compressor with all the elements including the internal piping, coolers, motor, lubrication, inlet guide vanes, and control system are supplied in a standard package in a built-to-last design. It is easy to install. Moreover, its commissioning is quick. It is comprised of the optional features that provide customization to a specific production environment. The ZH 1000-3150 allows a turndown of over 25% before blow-off, maximizing energy savings and minimizing operating costs. The new compressor ensures zero oil contamination and is powered by Ingersoll Rand’s technology that offers high reliability, better efficiencies, and ease of operations.

Who are the Major Players in Centrifugal Compressors Market?

Top Key players in the Centrifugal Compressors Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Centrifugal Compressors Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Atlas Copco, Elliott, Ingersoll Rand, Siemens, GE Oil & Gas, MAN Diesel & Turbo, Gardner Denver, Kobelco, MHI, Hitachi, Hanwha Techwin, Kawasaki, IHI, Fusheng, Sullair and others.

Global Centrifugal Compressors Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.

Industry News and Updates:

Siemens Limited announces Q2 FY 2022 results; 8% increase in Revenue and 4% increase in Profit after Tax from continuing operations

12 May 2022

For the second quarter of Financial Year 2022 ended March 31, 2022, Siemens Limited registered a Revenue of Rs. 3,568 crore, an 8.2% increase over the same quarter in the preceding year. New Orders stood at Rs. 5,339 crore, registering a 61.4% increase over the same period last year.

GE Oil & Gas had received the award of a contract by Shandong Electric Power Construction Corp (SEPCO) to manufacture and assist with the commissioning and start-up of 12 high-efficiency gas compression trains, each consisting of an aero-derivative gas turbine and a pipeline centrifugal compressor, for the Master Gas System Expansion Project in Saudi Arabia.

What are the major Applications, Types and Regions for Centrifugal Compressors Market?

Centrifugal Compressors Market is segmented based on the type, applications, companies and regions.

Centrifugal Compressors Market By Type 

• Single Stage Centrifugal Compressors


• Multi-stage Centrifugal Compressors


• Others

Centrifugal Compressors Market By Applications

• Petrochemical Industry


• Industrial Manufacturing


• Transportation


• Others

Centrifugal Compressors Market Regional Analysis:

The report offers in-depth assessment of the growth and other aspects of the Centrifugal Compressors Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

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  North America the dominant region

  
  
  
  
  
  • Developed countries in North America and Europe have been the traditional markets for centrifugal compressors. The U.S is the largest market for centrifugal compressors due to rising industrialization apart from new advancements and technological developments.
  
  
  
  


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  Asia-Pacific to Dominate the Market

  
  
  
  
  
  • Asia-Pacific is witnessing a widespread development of industrial infrastructure, which leads to a surge in demand for power. As the requirement of continuous power supply is imperative for industrial operations, new power plants need to be developed. Therefore, the increase in development of power generation plants, particularly the gas-fired generation plants, is expected to drive the demand for centrifugal compressor during the forecast period.
  
  
  • The oil and gas and power industries remain the largest end users of these compressors in the region, accounting for more than 65% of the total market for centrifugal compressors. There are a number of floating production storage and offloading (FPSOs) projects in Asia-Pacific, which are expected to begin operations over the next four years. The increasing FPSO projects are expected to create tremendous opportunities in the market studied.
  
  
  • China is also committed to strengthen its oil and natural gas pipeline network in the next 10 years, in an attempt to further boost the clean fuel’s share in the country’s energy mix. According to the National Development and Reform Commission, the country’s natural gas pipelines are expected to reach 123,000 km, by 2025. As centrifugal compressors are one of the most commonly used equipment powering the long distance natural gas pipeline, the growth in the pipeline network is expected to drive the demand for the centrifugal compressor during the forecast period.
  
  
  
  

What is our Centrifugal Compressors Market report scope?

Key Takeaways from this Centrifugal Compressors Report

• Evaluate Centrifugal Compressors market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.


• Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.


• Analyze the sales and distribution channels across key geographies to improve top-line revenues.


• Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Centrifugal Compressors market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Frequently Asked Questions

What is the study period of this market?

The Centrifugal Compressors Market is studied from 2017 - 2027.

Who are the key players in Centrifugal Compressors Market?

Atlas Copco AB (Stockholm :ATCO-A.ST), Elliott Opportunity II Corp. (NYSE EOCW), Ingersoll Rand, Siemens, GE Oil & Gas, MAN Diesel & Turbo, Gardner Denver, Kobelco, MHI, Hitachi, Hanwha Techwin, Kawasaki, IHI, Fusheng, Sullair and others.

What are the significant types of Centrifugal Compressors Market?

Single Stage Centrifugal Compressors, Multi-stage Centrifugal Compressors, Others.

What are the major end-use applications of the Centrifugal Compressors Market?

Petrochemical Industry, Industrial Manufacturing, Transportation, Others, Others.

What segments are covered in the Centrifugal Compressors Market report?

The Global Centrifugal Compressors Market is Segmented on the basic of Product, Application, and Geography.

How can I get a sample report/company profile for the Centrifugal Compressors Market?

The sample report for the Centrifugal Compressors Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.