Press release
Centrifugal Compressors Market valued at USD 11.70 billion in 2021, is projected to witness a steady growth rate of 4.21% from 2022 to 2029
Centrifugal Compressors Market
The report offers a detailed analysis of the Centrifugal Compressors market, providing valuable insights into market trends, drivers, restraints, and regional dynamics. It encompasses a thorough examination of market segments based on product, end-users, and technology, along with a comprehensive regional analysis. The report's scope also includes an overview of the research methodology employed to gather and analyze the data.
The research methodology utilized for this report involved collecting and analyzing data from various reliable sources. The market trends and challenges discussed in the report are based on real numbers from 2017 to 2021, ensuring accurate and up-to-date information. The report also presents a market forecast until 2029, allowing stakeholders to make informed decisions.
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What are Centrifugal Compressors Market Dynamics?
The adoption of air compressors in industries and the increasing demand for automobiles are significant factors driving the demand for Centrifugal Compressors. These compressors offer cost-effectiveness and lower maintenance costs compared to reciprocating compressors. Additionally, their usage in turbines as fuel gas boosters for electricity generation in hospitals and refineries presents new opportunities in the market.
However, Centrifugal Compressors face limitations in achieving high compression ratios without multiple stages, restricting their application in large gas turbines and turbojet engines. Furthermore, investments and cost reductions in renewable power generation impact the demand for Centrifugal Compressors in the power generation industry.
What are Centrifugal Compressors Market regional insights:
In 2021, the Asia-Pacific region held the largest market share of 30%, driven by the growth of the oil & gas and power industries. The region is witnessing the development of power generation plants, particularly gas-fired generation plants. Furthermore, the increasing number of floating production storage and offloading projects is expected to fuel the demand for Centrifugal Compressors.
Europe is expected to experience significant growth at a CAGR of 5.3% during the forecast period. Factors such as rising industrialization and technological advancements contribute to the region's market growth.
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What is Centrifugal Compressors Market Segmentation?
by Product
• Single-Stage
• Multi-Stage
by End Users
• Oil and Gas
• Power Sector
• Petrochemical and Chemical Industries
• Others
by Technology
• Gas Compressor
• Air Compressor
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Who are Centrifugal Compressors Market Key Players?
• Atlas Copco AB
• Ingersoll-Rand PLC
• 6Baker 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
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Table of content for the Centrifugal Compressors Market includes:
1. Global Centrifugal Compressors Market: Research Methodology
2. Global Centrifugal Compressors Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Centrifugal Compressors Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Centrifugal Compressors Market Segmentation
• Global Market, by Product (2021-2029)
• Global Market, by End Users (2021-2029)
• Global Market, by Technology (2021-2029)
5. Regional Centrifugal Compressors Market (2021-2029)
• Regional Market, by Product (2021-2029)
• Regional Market, by End Users (2021-2029)
• Regional Market, by Technology (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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