Integrally Geared Centrifugal Compressor Industry Outlook 2025-2029: Market Set to Cross $2.14 Billion Milestone

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How Large Will the Integrally Geared Centrifugal Compressor Market Size By 2025?
The market size for integrally geared centrifugal compressors has been expanding significantly in the past few years. It is anticipated to progress from $1.61 billion in 2024 to $1.71 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.0%. The acceleration in growth during the historic period can be associated with factors such as the rising replacement of old-fashioned compressors, a higher emphasis on minimizing lifecycle costs, an escalating demand within the power generation industry, expanded government interventions geared towards energy conservation, and the burgeoning trend in digitalization and remote supervision.

How Big Is the Integrally Geared Centrifugal Compressor Market Size Expected to Grow by 2029?
Over the next several years, the integrally geared centrifugal compressor market is projected to experience notable expansion. By 2029, it's expected to reach a valuation of $2.14 billion, growing at a compound annual rate of 5.8%. This growth during the forecast period can be credited to factors such as the rising demand for energy-efficient gas compression systems, increased investments in the development of oil and gas infrastructure, strengthening focus on cutting down carbon emissions, booming demand within the oil and gas sector, along with escalating urbanization and industrialization. Major trends anticipated during the forecast period are improvements in impeller and diffuser designs, creation of high-speed gear systems, the inclusion of intelligent sensors and monitoring systems, innovative advancements in modular compressor designs, and incorporation of digital twin technology.

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Which Key Market Drivers Powering Integrally Geared Centrifugal Compressor Market Expansion and Growth?
The integrally geared centrifugal compressor market is expected to see significant growth due to the rising demand in the oil and gas sector. This sector encompasses the exploration, extraction, processing, and delivery of petroleum and natural gas resources. As more vehicles are being driven and air travel increases, the demand for oil and gas is also rising due to the increased fuel consumption. Integrally geared centrifugal compressors cater to this industry by providing efficient gas compression for various applications, such as natural gas processing, pipeline boosting, and gas injection, thereby improving reliability and minimizing the footprint in critical operations. For example, in June 2023, the Energy Information Administration (EIA), a US-based statistical and analytical agency, forecasted global oil consumption to increase by 6% between 2022 and 2028, totaling 105.7 million barrels per day. Concurrently, an 11% annual increase in investments for upstream oil and gas activities like exploration, extraction, and production is anticipated, expected to reach a record sum of 528 billion US dollars in 2023. Hence, it's clear that the rising demand in the oil and gas industry is a driving factor for the expansion of the integrally geared centrifugal compressor market.

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Which Fast-Growing Trends Are Poised to Disrupt the Integrally Geared Centrifugal Compressor Market?
Leading companies in the integrally geared centrifugal compressor market are prioritizing the creation of inventive solutions like high-efficiency centrifugal compressors to provide condensed, energy-saving gas compression systems across various sectors. The high-efficiency centrifugal compressor constitutes a turbo-machinery apparatus designed to compact gases with the least possible energy use by harnessing optimized impellers, diffusers, and gear systems to boost functionality and minimize running costs. For example, in May 2025, IHI Rotating Machinery Engineering Co. Ltd., a Japanese firm specializing in machinery and equipment fabrication, launched the TRZ Series, an industrial-specific high-efficiency integrally geared centrifugal compressor range. The range provides enhanced efficiency, lower operating expenses, and streamlined maintenance by incorporating features such as innovative impeller layout, direct lubrication, and standardized components. The series aims to supply dependable, cost-effective, and environmentally friendly air compression solutions for broad-scale industrial procedures.

What Are the Emerging Segments in the Integrally Geared Centrifugal Compressor Market?
The integrally geared centrifugal compressor market covered in this report is segmented -

1) By Type: Radial Compressors, Axial Compressors
2) By Compressible Gases: Nitrogen, Acid Hydrocarbon Gas, Chlorine, Air, Fuel Gas, Hydrocarbon Process Gas, Refrigerants, Other Compressible Gases
3) By Application: Air Compression, Gas Compression, Refrigeration
4) By End-Use Industry: Oil And Gas, Chemical And Petrochemical, Power Generation, Manufacturing, Air Suspension, Other End-Use Industries

Subsegments:
1) By Radial Compressor: Single-Stage Radial Compressors, Multi-Stage Radial Compressors
2) By Axial Compressors: Low-Pressure Axial Compressors, High-Pressure Axial Compressors

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Who Are the Global Leaders in the Integrally Geared Centrifugal Compressor Market?
Major Companies operating in the integrally geared centrifugal compressor market are Hitachi Ltd., General Electric Co., Siemens Energy AG, Mitsubishi Heavy Industries Ltd., Baker Hughes Company, Johnson Controls Inc., Kobe Steel Ltd., Atlas Copco AB, IHI Rotating Machinery Engineering Co. Ltd., Ingersoll Rand Inc., MAN Energy Solutions SE, Howden Group, Kaeser Kompressoren SE, Burckhardt Compression AG, HMS Group, Kirloskar Pneumatic Company Limited, FS-Elliott Co. LLC., Hanwha Power Systems Co. Ltd., Boldrocchi Group, Borsig GmbH, Shenyang Blower Works Group Corporation, Elliott Group.

Which are the Top Profitable Regional Markets for the Integrally Geared Centrifugal Compressor Industry?
North America was the largest region in the integrally geared centrifugal compressor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integrally geared centrifugal compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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