Press release
Leading Companies Reinforcing Their Presence in the Integrally Geared Centrifugal Compressor Market
The market for integrally geared centrifugal compressors is on track for notable expansion in the coming years, driven by shifting industrial needs and technological advancements. As industries seek more compact and efficient compression solutions, this sector is poised to witness substantial growth fueled by innovation and increasing adoption across various applications. Below is a detailed overview of the market size, key players, emerging trends, and important segments shaping this industry.Expected Market Size and Growth Potential of the Integrally Geared Centrifugal Compressor Market
The integrally geared centrifugal compressor market is projected to reach a value of $2.26 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.7%. This anticipated growth is mainly due to rising demand for compact, high-efficiency compression systems within industrial gas processing. The increased use of advanced compressor control technologies for optimizing performance, along with the development of LNG, hydrogen, and other clean energy infrastructures requiring precise compression, also contribute significantly. Additionally, material innovations have enabled compressors to operate at higher rotational speeds, while emerging markets are adopting integrally geared compressors more rapidly. Trends expected to define this period include the broader application of multi-stage compressors in high-pressure gas processing, the growing role of these compressors in air separation and industrial gas production, the gradual replacement of reciprocating and screw compressors, adherence to API 617 and API 672 standards, and a surge in demand for compact, skid-mounted units designed for brownfield retrofits.
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Key Companies Leading the Integrally Geared Centrifugal Compressor Industry
Several prominent players dominate the integrally geared centrifugal compressor market, including Atlas Copco AB, Siemens Energy AG, MAN Energy Solutions SE, Ingersoll Rand Inc., Baker Hughes Company, Mitsubishi Heavy Industries Ltd., Kobe Steel, Ltd., IHI Corporation, FS-Elliott Co., LLC., Howden Group Ltd., Sundyne LLC, General Electric Company, Hitachi, Ltd., Kaeser Kompressoren SE, BORSIG ZM Compression GmbH, HMS Group, Boldrocchi Group, Kirloskar Pneumatic Company Limited, Hanwha Power Systems Co., Ltd., Elliott Group, Mitsui E&S Machinery Co., Ltd., and Aerzen (Aerzener Maschinenfabrik GmbH).
A significant development in the market occurred in June 2025 when Honeywell International Inc., a US-based manufacturer, acquired Sundyne Corporation for $2.16 billion. This move aims to enhance Honeywell's capabilities in the process industry by combining Sundyne's expertise in integrally geared centrifugal compressors with Honeywell's automation and control technology, offering more efficient and reliable industrial process solutions. Sundyne itself is a US company specialized in manufacturing integrally geared centrifugal compressors.
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Emerging Innovations and Trends in the Integrally Geared Centrifugal Compressor Market
Leading companies in this market are focusing on creating cutting-edge, high-efficiency centrifugal compressor solutions. These devices are engineered to compress gases with minimal energy consumption by optimizing impeller and diffuser designs along with advanced gear systems, which improve overall performance and lower operation costs. For example, in May 2025, Japan-based IHI Rotating Machinery Engineering Co. Ltd. introduced the TRZ Series, a new line of high-efficiency integrally geared centrifugal compressors designed for industrial use. This series offers enhanced efficiency, reduced operating expenses, and easier maintenance through features like advanced impeller configurations, direct lubrication systems, and standardized components. The TRZ Series aims to provide reliable, cost-effective, and sustainable air compression for large-scale industrial applications.
Segment Breakdown Fueling Growth in the Integrally Geared Centrifugal Compressor Market
This market is broadly segmented as follows:
By Type:
- Radial Compressors
- Axial Compressors
By Compressible Gas Type:
- Nitrogen
- Acid Hydrocarbon Gas
- Chlorine
- Air
- Fuel Gas
- Hydrocarbon Process Gas
- Refrigerants
- Other Compressible Gases
By Application:
- Air Compression
- Gas Compression
- Refrigeration
By End-Use Industry:
- Oil and Gas
- Chemical and Petrochemical
- Power Generation
- Manufacturing
- Air Suspension
- Other End-Use Industries
Further subcategories include:
Radial Compressors: Single-Stage and Multi-Stage Radial Compressors
Axial Compressors: Low-Pressure and High-Pressure Axial Compressors
These segments reflect the diverse uses and technological variations within the integrally geared centrifugal compressor market, highlighting areas of specialization that drive overall growth and innovation.
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