Asia-Pacific Centrifugal Compressor Market Report 2030

Name: Asia-Pacific Centrifugal Compressor Market Report 2030
Creator: Mordor Intelligence
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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

Atlas Copco Ltd
Gardner Denver Holdings Inc
Ingersoll-Rand plc
Boge Compressors Ltd
BAUER Compressors Inc
*Disclaimer: Major Players sorted in no particular order

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Table of Contents for Asia-Pacific Centrifugal Compressor Industry Report

1. INTRODUCTION

1.1 Scope of Study
1.2 Market Definiton
1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products and Services
- 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

5.1 End-User
- 5.1.1 Oil and Gas
- 5.1.2 Power Generation
- 5.1.3 Chemical
- 5.1.4 Others
5.2 Geogrpahy
- 5.2.1 China
- 5.2.2 India
- 5.2.3 Japan
- 5.2.4 South Korea
- 5.2.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
- 6.3.1 General Electric Company
- 6.3.2 Atlas Copco Ltd
- 6.3.3 Campbell Hausfeld LLC
- 6.3.4 Hitachi, Ltd.,
- 6.3.5 Ingersoll-Rand plc,
- 6.3.6 Gardner Denver, Inc
- 6.3.7 Kaeser Compressors Inc
- 6.3.8 Bauer Compressors Inc
- 6.3.9 Boge Compressors Ltd
*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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

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.

Page last updated on: April 30, 2025