Press release
Global Centrifugal Compressor market report, size, share, trends and forecast to 2028
A centrifugal compressor is a kind of compressor that makes use of revolving vanes or impellers to squeeze a gas as a substitute of a piston. This compressor is used in high-end air compressors in addition to on refrigeration units and air conditioners. These compressors are capable to be used in stages to generate ultra high compression of gasses or air. These are extensively used in refineries for the oil refining and automotive industry.
New market prospects for centrifugal compressors are being created by improvements in "fit-for-purpose" centrifugal compressors that are utilised as fuel gas boosters for turbines generating electricity at refineries, chemical industries, hospitals, etc. Gas turbine power generation in industrial and commercial co-generation power plants is in high demand due to the need for cleaner and more economical energy. Fit-for-Purpose gas compressors are now available from manufacturers and offer features like high efficiency, safety, an oil-free construction, and pulsation-free, smooth gas flow. These possibilities increase market demand for the product.
By geography, Asia Pacific is projected to hold the largest market share during the forecast period owing to the high expansion of the oil& gas and power industries, highly used centrifugal compressors for powering the long-distance natural gas pipeline. There is rising development of the infrastructures for the oil& gas and power industries with the increasing power demand. There is a growing improvement of power generation plants specially the gas-fired generation plants.
Some of the key players profiled in the Centrifugal Compressor Market include Hitachi Ltd, EATON, General Electric Co., Techwin, Johnson Controls Inc., Atlas Copco AB, Kaeser, Baker Hughes Co., Kobe Steel Ltd., Siemens Energy AG, Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., IHI Corp., Kirloskar Pneumatic Company Limited, Hanbell Precise Machinery Co. Ltd., Elliott Group, Mitsui and Co. Ltd., MAN Energy Solutions SE, Ingersoll Rand Inc. and Kobelco.
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By Products:
• Multi-Stage
• Single-Stage
• Other Products
By Technology:
• Air Compressor
• Gas Compressor
• Other Technologies
By Applications:
• Offshore
• Onshore
• Other Applications
By End Users:
• Power Sector
• Petrochemical & Chemical Industries
• Oil & Gas
• Power Generation
• Industrial Gases
• Transportation
• Other End Users
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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