| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 4.50% |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Centrifugal Compressor Market Analysis by Mordor Intelligence
The Asia-Pacific Centrifugal Compressor Market is expected to register a CAGR of greater than 4.5% during the forecast period.
- In the end-user segment, the oil and gas industry is the major end-user for the centrifugal compressor. The growing demand for compressor stations for gas transmission is expected to drive the market in the future.
- Different nations are replacing coal-based power plants to natural gas-based, which is expected to create significant opportunities for compressors for both in transportation and power generation sectors in the future.
- China is expected to dominate the market during the forecast period. The growth in the chemical, oil, and gas refining and processing industries are expected to create a significant market.
Asia-Pacific Centrifugal Compressor Market Trends and Insights
Oil and Gas Sector to Dominate the Market
- Compressors are used in different applications in the oil & gas industry, such as hydrocarbon blanketing, nitrogen compression, and a compression station. Multiple applications in the industry are creating considerable demand in the future.
- In 2019, Mitsubishi Hitachi Power Systems, Ltd. completed the installation of the natural gas-fired gas turbine combined cycle facilities for the 'Jawa-2 Project' in Indonesia with a generation capacity of 880 MW. Natural gas-fired power plants are expected to drive the booster compressor market considerably.
- In 2018, GAIL executed the 5000 km of trunk pipelines across India at the cost of INR 25,000 crores. The robust midstream growth is anticipated to create a favorable market for centrifugal compressors in the coming period.
- In 2019, Asia-Pacific produced 672 bcm of natural gas. With upcoming oil and gas projects, the demand for centrifugal compressors is likely to increase in the coming years.
- The increasing midstream market especially developing city gas distribution projects, is expected to drive the demand of centrifugal compressors in the oil and gas industry.
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China to Dominate the Market
- China's commitment towards reducing pollution by substituting energy production from coal with renewable energy and gas has led to a constant rise in gas demand over the years, making it the world's 3rd largest country in terms of gas consumption.
- The industrial sector, which includes mining, manufacturing, agriculture, and construction, accounts for the largest share of energy consumption of any end-use sector and creates a considerable market for centrifugal compressors.
- In 2019, China generated 236 TWh of electricity from natural gas plants, which is a significant applicant of centrifugal compressors.
- In addition to this, the development of the refinery sector in the country is expected to boost the demand for centrifugal compressors during the forecast period.
- Sichuan province, the most important area for shale gas, is expected to produce more than 4.5 billion cubic meters of gas, increasing the demand for hydraulic fracturing. The growth in upstream and midstream activities is likely to drive the installation of the centrifugal compressors in China in the coming years.
- Government initiatives to expand the industrial sector in China, are expected to boost the demand for centrifugal compressors over the forecast period.
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Competitive Landscape
The Asia-Pacific centrifugal compressor is moderately fragmented. Some of the major companies include Ingersoll-Rand plc, Atlas Copco Ltd, BAUER Compressors Inc., Boge Compressors Ltd, and Gardner Denver, Inc.
Asia-Pacific Centrifugal Compressor Industry Leaders
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Atlas Copco Ltd
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Gardner Denver Holdings Inc
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Ingersoll-Rand plc
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Boge Compressors Ltd
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BAUER Compressors Inc
- *Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Centrifugal Compressor Market Report Scope
The Asia-Pacific centrifugal compressor market report includes:
End-User
| Oil and Gas |
| Power Generation |
| Chemical |
| Others |
Geogrpahy
| China |
| India |
| Japan |
| South Korea |
| Rest of Asia-Pacific |
| End-User | Oil and Gas |
| Power Generation | |
| Chemical | |
| Others | |
| Geogrpahy | China |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
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Key Questions Answered in the Report
What is the current Asia-Pacific Centrifugal Compressor Market size?
The Asia-Pacific Centrifugal Compressor Market is projected to register a CAGR of greater than 4.5% during the forecast period (2025-2030)
Who are the key players in Asia-Pacific Centrifugal Compressor Market?
Atlas Copco Ltd, Gardner Denver Holdings Inc, Ingersoll-Rand plc, Boge Compressors Ltd and BAUER Compressors Inc are the major companies operating in the Asia-Pacific Centrifugal Compressor Market.
What years does this Asia-Pacific Centrifugal Compressor Market cover?
The report covers the Asia-Pacific Centrifugal Compressor Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Centrifugal Compressor Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Asia-Pacific Centrifugal Compressor Market Report
Statistics for the 2025 Asia-Pacific Centrifugal Compressor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Centrifugal Compressor analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
