openPR Logo
Press release

Global Centrifugal Compressor Market || worth US$ 14.3 billion 2019

02-11-2020 07:55 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Prophecy Market Insights

Prophecy Market Insights

Prophecy Market Insights

The report "Global Centrifugal Compressor Market, By End User (Oil and Gas, Power Sector, Petrochemical and Chemical Industries, and Other End Users), and Region - Global Forecast to 2030" global centrifugal compressor market is projected to grow from US$ 14.3 billion in 2019 The major factors driving the global centrifugal compressor are the expected increase in the uptake of newer oil & gas projects in the coming years and the growing need to expand natural gas pipeline infrastructure. Budgetary restrictions across several end-user industries have resulted in companies looking for standardized solutions, instead of customized units. The increase in the development of power generation plants, particularly the gas-fired generation plants, is expected to drive the demand for centrifugal compressors during the forecast period.
Key Highlights:

In August 2019, Atlas Copco announced Centrifugal ZB VSD blowers supply deep sedimentation tanks with high-pressure air.
In July 2018, Atlas Copco launched a new oil-free H 1000-3150 centrifugal compressor, which allows a turndown of over 25% before blow-off, maximizing the energy savings and minimizing the operating costs.
Key Market Insights from the report:

The global centrifugal compressor market accounted for US$ 14.3 billion in 2019 and is projected to register a moderate CAGR of 4.80% over the forecast period. The market report has been segmented on the end-user, and region.

By end-user, the oil and gas industry dominated the segment, owing to the increasing oil and gas activities across the world
By region, Asia-Pacific is projected to lead the global centrifugal compressor market and is expected to remain dominant during the forecast period, due to increase in the development of power generation plants, particularly the gas-fired generation plants.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Centrifugal Compressor Market", By End User (Oil and Gas, Power Sector, Petrochemical and Chemical Industries, and Other End Users), and by Region - global forecast till 2030

To know the upcoming trends and insights prevalent in this market, click the link below:

Links: https://prophecymarketinsights.com/market_insight/Global-Centrifugal-Compressor-Market-By-4056

The prominent player operating in the global centrifugal compressor market includes Dresser-Rand, Atlas Copco, IHI, Kobelco, Hitachi, Ingersoll Rand, Gardener Denver, Baker Hughes, Mitsubishi Heavy Industries, and Elliott.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Sales

Prophecy Market Insights

Email- sales@prophecymarketinsights.com

Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Centrifugal Compressor Market || worth US$ 14.3 billion 2019 here

News-ID: 1926704 • Views:

More Releases from Prophecy Market Insights

Floating Power Plant Market: Powering the Future of Renewable Energy
Floating Power Plant Market: Powering the Future of Renewable Energy
Introduction The Floating Power Plant Market is rapidly emerging as a transformative solution to the world's growing energy needs. With increasing global demand for sustainable, flexible, and decentralized power generation, floating power plants (FPPs) are gaining traction as they can be deployed in offshore waters, lakes, and reservoirs. These plants integrate renewable energy sources like wind, solar, and wave energy with conventional power systems, providing a reliable energy mix. Driven by rising
AI-Enabled Kitchen Appliances Market: Driving the Future of Smart Living
AI-Enabled Kitchen Appliances Market: Driving the Future of Smart Living
Introduction The AI-Enabled Kitchen Appliances Market is experiencing unprecedented growth as artificial intelligence becomes a core component of modern homes. With the rise of smart homes, connected devices, and consumer demand for convenience, AI-driven appliances are redefining the way people cook, store, and manage food. From refrigerators that track expiry dates to ovens that auto-adjust based on recipes, these innovations are revolutionizing kitchens worldwide. Industry forecasts suggest that the market will witness
Europe Dominates 2024 Residential Energy Storage Market, Poised for 9.5% CAGR Growth
Europe Dominates 2024 Residential Energy Storage Market, Poised for 9.5% CAGR Gr …
The Residential Energy Storage Market is witnessing strong momentum, expected to grow from USD 2.8 billion in 2024 to USD 6.8 billion by 2035, expanding at a robust CAGR of 9.5% (2025-2030). Europe led the global market in 2024 owing to its significant investments in renewable energy integration, supportive government policies, and growing demand for energy independence. Unlock the full potential of the Residential Energy Storage Market with in-depth insights, market
Commercial Refrigeration Equipment - A Cornerstone for Food Quality and Sustainability, Market to Reach USD 71.8 Billion by 2035
Commercial Refrigeration Equipment - A Cornerstone for Food Quality and Sustaina …
The Commercial Refrigeration Equipment Market is set for significant expansion, growing from USD 43.0 billion in 2024 to USD 71.8 billion by 2035, progressing at a CAGR of 5.3% (2025-2035). The Asia Pacific region held the largest share in 2024 and continues to dominate due to rising demand for advanced refrigeration solutions across retail, foodservice, and cold-chain logistics. Gain in-depth insights into the Commercial Refrigeration Equipment Market, including regional forecasts, emerging

All 4 Releases


More Releases for Centrifugal

Evolving Market Trends In The Centrifugal Separator Industry: Advancements In Ce …
The Centrifugal Separator Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Expected Centrifugal Separator Market Size During the Forecast Period? Growth has been substantial in recent years in the centrifugal separator market. It is expected to increase from $1.21 billion in 2024 to
A Complete Guide to Centrifugal Pump
The Centrifugal Pump market size is projected to reach US$ 41,548.34 million by 2031 from US$ 27,338.55 million in 2023. The market is expected to register a CAGR of 5.4% during 2023-2031. The growing application of centrifugal pumps in wastewater treatment, oil and gas, mining, and modern farming sectors is likely to remain a key trend in the market. The growing population and rising urbanization are increasing the volume of
The difference between single stage centrifugal pump and multistage centrifugal …
Centrifugal pumps are crucial in a variety of industrial and commercial applications, and selecting the right type can significantly impact performance and efficiency. Among the most common types are single stage centrifugal pump and multistage centrifugal pump. While both are designed to transfer fluids, they differ significantly in their construction and performance characteristics. Image: https://www.puritypumps.com/uploads/PST-11.png 1. Maximum Head Capacity One of the primary distinctions between single stage centrifugal pump and multistage centrifugal pumps
Duct Ventilators - Centrifugal Blowers
In automobiles, a mechanical fan provides engine cooling and prevents the engine from overheating by blowing or sucking air through a coolant-filled radiator. It can be driven with a belt and pulley off the engine's crankshaft or an electric fan switched on/off by a thermostatic switch. Canada Blower Axial flow fans have blades that force air to move along the shaft about which the blades rotate. Axial fans blow air across
HVAC Centrifugal Compressors Market
The newly released research at Market Study Report titled “2017-2024 Global HVAC Centrifugal Compressors Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years. HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024; according to a new research report. Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are
Centrifugal Pump Market Analysis: Global Centrifugal Pump Market Research Report …
This report studies the Centrifugal Pump market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, and splits the Centrifugal Pump market by product type and applications/end industries. The global Centrifugal Pump market is valued at XX million USD in 2016 and is expected to reach XX million USD by the