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Centrifugal Compressor Market 2019-2024 Comprehensive Analysis of Company Profile, Industry Size, Market Intelligence and Forecast

Centrifugal Compressor

Report Titled: “Centrifugal Compressor Market – Growth, Trends, and Forecast (2019 – 2024)

The Centrifugal Compressor Market report 2019 provides complete information of key players across the globe. Company provides detailed analysis of market and future aspects of “Centrifugal Compressor Market”. The report focuses on critical and significant data which makes the research a very important tool for experts, analysts and managers to get ready-to-access analysis.

Scope of the Report:

  • This report studies the global Centrifugal Compressor market size, industry status and forecast, competition landscape and growth opportunity.

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    Market Overview:

  • The market for centrifugal compressors is expected to grow at a CAGR of 4.23% during the forecast period of 2019 – 2024. Major factors driving the market studied are the expected increase in the uptake of newer oil & 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.
  • – Oil & Gas industry dominated the market in 2018 and 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, amidst rising end-user demands and changing energy efficiency standards, in several nations. If the manufacturers manage to increase the efficiency of centrifugal compressors at significant levels, the centrifugal compressors can become the preferred choice in a wider range of applications, in turn, driving the market.
  • – Asia-Pacific dominated the market across the globe with China and India accounting for a major share.<

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Centrifugal Compressor Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Centrifugal Compressor .

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    Key Market Trends:

    Increasing Demand for Cost-Optimized Solutions

    – Budgetary restrictions across several end-user industries have resulted in companies looking for standardized solutions, instead of customized units. The customers are increasingly looking for centrifugal compressor products that minimize the overall operating costs, while providing the high flow that is necessary for their applications, with minimal maintenance cost.
    – In a bid to cater to such demands, major industry players are designing and offering new products. In July 2018, Atlas Copco launched a new oil-free H 1000-3150 centrifugal compressor, which allows a turndown of over 25% before blow-off, maximizing the energy savings and minimizing the operating costs.

    Asia-Pacific Region to Dominate the Market

    – Asia-Pacific region dominated the global market share in 2018. The oil and gas and power industries remain the largest end users of these compressors in the region, accounting for more than 65% of the total market for centrifugal compressors. There are a number of floating production storage and offloading (FPSOs) projects in the Asia-Pacific region, which is expected to begin operations over the next four years. The increasing FPSO projects are expected to create tremendous opportunities in the market studied.
    – China is also committed to strengthen its oil and natural gas pipeline network in the next 10 years, in an attempt to further boost the clean fuel’s share in the country’s energy mix. According to the National Development and Reform Commission, the country’s natural gas pipelines is expected to reach 123,000 km by 2025. As centrifugal compressors are one of the most commonly used equipment powering the long distance natural gas pipeline, the growth in the pipeline network is expected to drive the demand for the centrifugal compressors during the forecast period.
    – Asia-Pacific region is witnessing widespread development of industrial infrastructure, which leads to surge in demand for power. As the requirement of continuous power supply is imperative for industrial operations, new power plants need to be developed. Therefore, the increase in development of power generation plants, particularly the gas-fired generation plants, is expected to drive the demand for centrifugal compressors during the forecast period.
    – The aforementioned factors, are therefore, expected to contribute to the increasing demand for centrifugal compressors in the region during the forecast period.

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    Centrifugal Compressor Market Report Also Covers Marketing Strategy Analysis, Top Manufacturers:

  • Atlas Copco AB
  • Ingersoll
  • Rand PLC
  • Baker Hughes a GE Co.
  • Sundyne
  • Gardner Denver Holdings Inc
  • Dresser
  • Rand Group Inc.
  • Howden Group
  • Mitsubishi Heavy Industries Compressor Corporation
  • Sullair, LLC
  • Zhejiang Kaishan Compressor CO. LTD.
  • Kobe Steel, Ltd.
  • Air Products & Chemicals, Inc.
  • Shenyang Blower Works Group Corporation.
  • Hitachi, Ltd.
  • MAN Energy Solutions SE
  • Xi’an Shaanxi Drum Power Co., Ltd.
  • Elliott Group

    What Centrifugal Compressor Market Report Provides:

    • Value chain analysis
    • Ecosystem analysis
    • Key players in ecosystem
    • Report highlights top manufacturers/suppliers/providers
    • Analysis of portfolio
    • Key distributors

    Some Major Points Covered in Centrifugal Compressor Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Contact Us:

    Name: Ajay More

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