Global Centrifugal Compressor Market 2024-2028
The centrifugal compressor market is forecasted to grow by USD 2791.1 mn during 2023-2028, accelerating at a CAGR of 4.46% during the forecast period. The report on the centrifugal compressor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing investment in oil and gas exploration and production activities, high automotive industry growth, and rapid industrial growth in apac.
Technavio's centrifugal compressor market is segmented as below:
By Product
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing merger and acquisitions as one of the prime reasons driving the centrifugal compressor market growth during the next few years. Also, technological development in the field of centrifugal air compressors and shift in carbon capture plants will lead to sizable demand in the market.
The report on the centrifugal compressor market covers the following areas:
- Centrifugal compressor market sizing
- Centrifugal compressor market forecast
- Centrifugal compressor market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading centrifugal compressor market vendors that include Atlas Copco AB, Baker Hughes Co., Ebara Corp., FS ELLIOTT Co. LLC, Fusheng Precision Co. Ltd., General Electric Co., Hanbell Precise Machinery Co. Ltd., Hanwha Power Systems Co. Ltd., Hitachi Ltd., IHI Corp., Ingersoll Rand Inc., Kawasaki Heavy Industries Ltd., Kobe Steel Ltd., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., Mitsui and Co. Ltd., and Siemens Energy AG. Also, the centrifugal compressor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.