Global Integrally Geared Centrifugal Compressor Market 2024-2028
The integrally geared centrifugal compressor market is forecasted to grow by USD 649.7 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the integrally geared 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 rising demand from oil and gas industry, increasing need for energy-efficient compressor systems, and growing importance of increasing efficiency of machinery and reducing operational costs.
Technavio's integrally geared centrifugal compressor market is segmented as below:
By Application
- Oil and gas
- Industrial gases
- Chemical/petrochemical
- Power generation
- Others
By Type
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing r and d and m and a (merger & acquisitions) as one of the prime reasons driving the integrally geared centrifugal compressor market growth during the next few years. Also, growing use of tier-4 engines and increasing prevalence of carbon capture plants will lead to sizable demand in the market.
The report on the integrally geared centrifugal compressor market covers the following areas:
- Integrally geared centrifugal compressor market sizing
- Integrally geared centrifugal compressor market forecast
- Integrally geared 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 integrally geared centrifugal compressor market vendors that include Atlas Copco AB, Baker Hughes Co., Chart Industries Inc., Cryostar, FS ELLIOTT Co. LLC, Fu Sheng Industrial Co. Ltd., General Electric Co., Hanwha Corp., Hitachi Ltd., HMS Hydraulic Machines and Systems Group PLC, IHI Corp., Ingersoll Rand Inc., Kawasaki Heavy Industries Ltd., KNM Group Berhad, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., Nanjing SAG Equipment Co. Ltd., Siemens AG, Sundyne LLC, and Volkswagen AG. Also, the integrally geared 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.