Press release
Global Centrifugal Compressors Market accounted for USD 1720 million in 2019 and is expected to reach around USD 1740 million globally by 2024, at a CAGR of 0.2% between 2019 and 2024
A centrifugal compressor is a type of compressor that utilizes rotating vanes or impellers to compress a gas instead of a piston. This design is used in high-end air compressors as well as on refrigeration units and air conditioners. This type of compressor is able to be used in stages to create ultra-high compression of gasses or air. This type of compressor has fewer moving parts and operates more smoothly than a piston-type compressor.The worldwide market for Centrifugal Compressors is expected to grow at a CAGR of roughly 0.2% over the next five years, will reach 1740 million US$ in 2024, from 1720 million US$ in 2019.
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Market Segment by Manufacturers, this report covers
Atlas Copco
Elliott
Ingersoll Rand
Siemens
GE Oil & Gas
MAN Diesel & Turbo
Gardner Denver
Kobelco
MHI
Hitachi
Hanwha Techwin
Kawasaki
IHI
Fusheng Group
Sullair
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Single Stage Centrifugal Compressors
Multi-stage Centrifugal Compressors
Market Segment by Applications, can be divided into
Petrochemical Industry
Industrial Manufacturing
Transportation
Others
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The Global Centrifugal Compressors Market 2019 is further emphasis on the basis of product pricing, Centrifugal Compressors production volume, data pertaining to demand and Centrifugal Compressors supply, and the revenue garnered by the product. The report offers upstream and downstream analysis covering major raw material used in manufacturing of Centrifugal Compressors along with detailed manufacturing sources. The report also offers list of major raw material manufacturers along with their manufacturing locations. Comprehensive raw material price trend analysis along with manufacturing cost analysis is also incorporated into the report. Diverse methodical tools such as investment returns, feasibility, SWOT analysis and market attractiveness analysis has been implemented in the research study to show a comprehensive, detailed research study of the industry for Centrifugal Compressors across the globe.
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