Press release
Centrifugal Compressor Market 2020 Precise Outlook - Atlas Copco AB, Ingersoll-Rand PLC, Baker Hughes a GE Co., Sundyne
The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Centrifugal Compressor production region, major players, and product type which will provide a simplified view of the Centrifugal Compressor industry. The Centrifugal Compressor market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Centrifugal Compressor market which will help the emerging market segments in making vital business decisions.The market for centrifugal compressors is expected to grow at a CAGR of approximately 4.23% during the forecast period of 2020 - 2025.
Centrifugal Compressor Market Segmentation:
This report on Global Centrifugal Compressor market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Centrifugal Compressor. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
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Global Centrifugal Compressor market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Atlas Copco AB, Ingersoll-Rand PLC, Baker Hughes a GE Co., Sundyne, Gardner Denver Holdings Inc, Dresser-Rand Group Inc., Howden Group, Mitsubishi Heavy Industries Compressor Corporation, Sullair, LLC, Zhejiang Kaishan Compressor CO. LTD., Kobe Steel, Ltd., Air Products & Chemicals, Inc., amongst others.
Increasing Demand for Cost-Optimized Solutions
- Budgetary restrictions across several end-user industries have resulted in companies looking for standardized solutions, instead of customized units. The customers are increasingly looking for centrifugal compressor products that minimize the overall operating costs, while providing the high flow that is necessary for their applications, with minimal maintenance cost.
- In a bid to cater to such demands, major industry players are designing and offering new products. 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.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share in 2018. 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 the Asia-Pacific region, which is 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 is 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 compressors during the forecast period.
Browse full report at:
https://www.marketinsightsreports.com/reports/04061950798/centrifugal-compressor-market-growth-trends-and-forecast-2020-2025?source=openpr&Mode=PD11
This independent 150 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Centrifugal Compressor market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.
Key Points of this Report
• Impact of low unit costs, diversified product ranges and intense competition on the market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Regional analysis of the market
• Identifying the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Contact US:
Irfan Tamboli (Head of Sales): Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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