Press release
Centrifugal Compressor Market Size, Status and Forecast 2021- Atlas Copco AB, Ingersoll-Rand PLC, Baker Hughes a GE Co., Sundyne, Gardner Denver Holdings Inc
The Global Centrifugal Compressor Market report provides the overall structure and business outlook of the Global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Global Centrifugal Compressor Market with its specific geographical regions.The market for centrifugal compressors is expected to grow at a CAGR of approximately 4.23% during the forecast period of 2020- 2025
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“The global Centrifugal Compressor market is expected to witness a CAGR of over 4.5%, during the forecast period, 2020 - 2025..”
Top leading Companies Profiled in Centrifugal Compressor Market Report are 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., Shenyang Blower Works Group Corporation., Hitachi, Ltd., MAN Energy Solutions SE, Xi'an Shaanxi Drum Power Co., Ltd., Elliott Group
Market Overview
Major factors driving the market studied 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. The declining cost of and increasing investments in renewable power generation are hampering the demand for natural gas-fired power generation, in turn, negatively impacting the demand for centrifugal compressors in the power generation industry.
- 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.
- Oil & Gas industry dominated the market in 2018 and is expected to be the fastest growing segment during the forecast period owing to the increasing oil and gas activities across the world.
- Manufacturers are making strides to become more energy-efficient, amidst rising end-user demands and changing energy efficiency standards, in several nations. If the manufacturers manage to increase the efficiency of centrifugal compressors at significant levels, the centrifugal compressors can become the preferred choice in a wider range of applications, in turn, driving the market.
- Asia-Pacific dominated the market across the globe with China and India accounting for a major share.
In Chapter 6, on the basis of types, the Centrifugal Compressor market from 2015 to 2025 is primarily split into:
Multi-stage Centrifugal Compressors
Single-stage Centrifugal Compressors
In Chapter 7, on the basis of applications, the Centrifugal Compressor market from 2015 to 2025 covers:
Onshore
Offshore
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Regional Analysis:
Asia-Pacific (China, Global, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
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Key Takeaways from Centrifugal Compressor Report
─Evaluate 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 Centrifugal Compressor market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Centrifugal Compressor 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 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 Centrifugal Compressor
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In conclusion, the Centrifugal Compressor market report present the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Centrifugal Compressor Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.
Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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