Global Centrifugal Compressors Market Growth 2023-2029

Global Centrifugal Compressors Market Growth 2023-2029

Product Code:457451

Published Date: Feb 08,2023

Pages: 110

Region: Global

Category: Machinery & Equipment

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Centrifugal compressors, sometimes called radial compressors, are a sub-class of dynamic axisymmetric work-absorbing turbomachinery. They achieve a pressure rise by adding kinetic energy/velocity to a continuous flow of fluid through the rotor or impeller.

LPI (LP Information)' newest research report, the “Centrifugal Compressors Industry Forecast” looks at past sales and reviews total world Centrifugal Compressors sales in 2022, providing a comprehensive analysis by region and market sector of projected Centrifugal Compressors sales for 2023 through 2029. With Centrifugal Compressors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Centrifugal Compressors industry.

This Insight Report provides a comprehensive analysis of the global Centrifugal Compressors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Centrifugal Compressors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Centrifugal Compressors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Centrifugal Compressors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Centrifugal Compressors.

The global Centrifugal Compressors market size is projected to grow from US$ 1790.9 million in 2022 to US$ 2235.1 million in 2029; it is expected to grow at a CAGR of 2235.1 from 2023 to 2029.

Global centrifugal compressors key players include Atlas Copco, Ingersoll Rand, Siemens, Kobelco, IHI, etc. Global top 3 manufacturers hold a share about 30%. North America is the largest market, both with a share about 30%, followed by  Asia-Pacific and Europe, with a share both about 27 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Centrifugal Compressors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Single-stage Centrifugal Compressors
    Multi-stage Centrifugal Compressors

Segmentation by application
    Petrochemical
    Industrial Manufacturing
    Transportation
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Atlas Copco
    Elliott
    Ingersoll Rand
    Siemens Energy
    GE Oil & Gas
    MAN Diesel & Turbo
    Gardner Denver
    Kobelco
    MHI
    Hitachi
    Hanwha Techwin
    Kawasaki
    IHI
    Fusheng
    Sullair

Key Questions Addressed in this Report
What is the 10-year outlook for the global Centrifugal Compressors market?
What factors are driving Centrifugal Compressors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Centrifugal Compressors market opportunities vary by end market size?
How does Centrifugal Compressors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?