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The Centrifugal Compressor Market is segmented by End User (Oil and Gas, Power Sector, Petrochemical and Chemical Industries, and Other End Users) and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America).
Fastest Growing Market:
Middle East and Africa
The centrifugal compressor market is expected to register a CAGR of approximately 4.23%, during the forecast period (2020 – 2025). Major factors driving the market studied are the expected increase in the uptake of newer oil and gas projects in the coming years, and the growing need to expand natural gas pipeline infrastructure. The declining cost of and increasing investments in renewable power generation are hampering the demand for natural gas-fired power generation, in turn, negatively impacting the demand for centrifugal compressors in the power generation industry.
The oil and gas industry dominated the market in 2018, and it is expected to be the fastest growing segment during the forecast period, owing to the increasing oil and gas activities across the world.
Manufacturers are making strides to become more energy-efficient, amid rising end-user demands and changing energy efficiency standards, in several nations. If the manufacturers manage to increase the efficiency of a centrifugal compressor at significant levels, these compressors can become the preferred choice in a wider range of applications, in turn, driving the market.
Asia-Pacific dominated the market across the world, with China and India accounting for a major share.
The centrifugal compressor market report includes:
|By End User|
|Oil and Gas|
|Petrochemical and Chemical Industries|
|Other End Users|
|Middle-East and Africa|
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
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 By End User
5.1.1 Oil and Gas
5.1.2 Power Sector
5.1.3 Petrochemical and Chemical Industries
5.1.4 Other End Users
5.2 By Geography
5.2.1 North America
5.2.4 Middle-East and Africa
5.2.5 South America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by the Key Players
6.3 Company Profiles
6.3.1 Atlas Copco
6.3.2 Ingersoll Rand Inc.
6.3.3 Baker Hughes Company
6.3.5 Gardner Denver Holdings Inc.
6.3.6 Dresser-Rand Group Inc.
6.3.7 Howden Group
6.3.8 Mitsubishi Heavy Industries Compressor Corporation
6.3.9 Sullair LLC
6.3.10 Zhejiang Kaishan Compressor Co. Ltd
6.3.11 Kobe Steel Ltd
6.3.12 Air Products and Chemicals Inc.
6.3.13 Shenyang Blower Works Group Corporation.
6.3.14 Hitachi Ltd
6.3.15 MAN Energy Solutions
6.3.16 Xi'an Shaanxi Drum Power Co. Ltd
6.3.17 Elliott Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability