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Centrifugal Compressor Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

Centrifugal

The “Centrifugal Compressor Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Centrifugal Compressor industry. The information available in the Centrifugal Compressor market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Centrifugal Compressor market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Centrifugal Compressor Market:

  • 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

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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.<

    Scope of the Report:

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

    Reasons for Buying Centrifugal Compressor Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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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.

    Centrifugal Compressor Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Centrifugal Compressor Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 INTRODUCTION
    4.2 Market Size and Demand Forecast till 2024
    4.3 Recent Trends and Developments
    4.4 Drivers
    4.5 Restraints
    4.6 Industry Supply Chain Analysis
    4.7 Porters 5 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 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 Geography
    5.2.1 North America
    5.2.2 Europe
    5.2.3 Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.5 South America

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Strategies Adopted by the Key Players
    6.3 Company Profiles
    6.3.1 Atlas Copco AB
    6.3.2 Ingersoll-Rand PLC
    6.3.3 Baker Hughes a GE Co.
    6.3.4 Sundyne
    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 & Chemicals, Inc.
    6.3.13 Shenyang Blower Works Group Corporation.
    6.3.14 Hitachi, Ltd.
    6.3.15 MAN Energy Solutions SE
    6.3.16 Xi’an Shaanxi Drum Power Co., Ltd.
    6.3.17 Elliott Group

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

    Contact Us:

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