Centrifugal Compressor Market

Centrifugal Compressor Market (Type: Single-stage Centrifugal Compressors and Multi-stage Centrifugal Compressors) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Centrifugal Compressor Market Outlook 2031

  • The global industry was valued at US$ 13.9 Bn in 2022
  • It is estimated to grow at a CAGR of 4.6% from 2023 to 2031 and reach US$ 21.6 Bn by the end of 2031

Analysts’ Viewpoint

Growth in oil & gas, metal & mining, and power industries is driving the global centrifugal compressor market size. Rise in demand for natural gas, surge in investments in petrochemical projects, and increase in emphasis on energy efficiency are also augmenting the market trajectory. Furthermore, centrifugal compressor industry growth is fueled by the revival of stalled infrastructure projects, rise in demand for eco-friendly products, and technological innovations in centrifugal compressor technology.

Centrifugal compressor manufacturers are investing substantially in R&D activities to differentiate themselves from the competition. In line with the latest centrifugal compressor market trends, leading players are developing new corrosion-resistant materials and ultra-high-speed motors to boost their industry share.

Centrifugal Compressor Market

Market Introduction

Centrifugal compressors are rotodynamic machines used to increase the pressure of gas or fluid and compress air, gas, and steam. These compressors convert angular momentum into pressure energy through the use of centrifugal force.

Centrifugal compressors, including centrifugal air conditioning compressors, centrifugal flow compressors, and centrifugal gas compressors, are employed in several industries such as petrochemicals, natural gas, and air conditioning. They are used in various applications such as oil refineries, gas pipelines, power plants, and medical and laboratory settings. Their efficiency is determined by the size, speed, and shape of the impeller.

Centrifugal compressors, including centrifugal air compressors, are typically used in applications where high pressure ratio is required. They are generally more efficient than other types of compressors and are often chosen for their cost-effectiveness. They are also relatively easy to maintain, provide consistent performance over time, and require less maintenance than other compressors.

Rise in Application of Centrifugal Compressor in Oil & Gas Sector

Expansion in the global oil & gas sector is expected to boost global centrifugal compressor market growth during the forecast period. Demand for energy has been rising at a rapid pace across the globe, thus leading to an increase in the production of oil and gas. This has augmented the need for centrifugal compressors, including multi-stage centrifugal compressors, which are used in the extraction, transportation, and storage of oil and gas. In turn, this is fueling market demand for multistage centrifugal compressors.

The oil & gas industry relies significantly on centrifugal compressors for operations such as drilling, refining, and oil and gas production. Surge in demand for centrifugal compressors in the oil & gas industry can be ascribed to their extensive application in high-pressure air, air separation, and fuel gas. They facilitate flow control and help maintain the integrity of supply lines. They also possess an exceptional capacity for controlling the flow of gases and liquids in pipelines. This makes them an invaluable tool for oil & gas companies.

Oil and gas are the world’s most reliable sources of energy. Developed countries consume more oil than developing nations. According to the American Petroleum Institute, petroleum and natural gas industries make up 8.0% of the U.S. GDP.

Gas production in Europe can be sustained and even increased with the implementation of favorable regulatory framework. By complementing much-needed energy savings and renewable energy deployment, these gas reserves can be used within the framework of the EU’s climate neutrality objective.

Oil & gas operations entail a host of functions that require different kinds of fluid flow control. In light of this, different compressors can be applied at different stages of production or distribution, depending on the desired outcome. These factors are estimated to boost centrifugal compressor market statistics.

Surge in Demand for Energy-efficient Systems Driving Market Progress

Demand for energy-efficient systems is increasing due to the rise in global energy costs and implementation of stringent environmental regulations. This has led to a shift toward adoption of renewable power sources such as solar, wind, and hydropower, thus enabling businesses to reduce their carbon footprint and become more sustainable.

Centrifugal compressors are used for air and gas compression in various applications. These compressors are being used increasingly in renewable energy systems due to their low maintenance, cost-effectiveness, and higher energy efficiency.

Centrifugal compressors are quieter and more reliable than other compressors. Thus, they help improve system performance. This has fueled the usage of centrifugal compressors for refrigeration and HVAC applications.

Regional Outlook

As per the latest centrifugal compressor market forecast, North America is anticipated to dominate the global landscape due to the increase in power projects in the region.

The U.S. is expected to account for significant centrifugal compressor market share during the forecast period due to the large presence of oil & gas companies and growth in investments in shale gas activities in the country. Canada is also estimated to witness significant market expansion owing to growth in the manufacturing sector in the country.

According to the latest centrifugal compressor market overview, the business in Mexico is likely to witness substantial growth due to expansion in the manufacturing sector and increase in investments in renewable energy projects. Growth in various industries and rise in investments in the oil & gas sector are also likely to positively impact centrifugal compressor market development in the region.

Analysis of Key Players

The global centrifugal compressor market is highly competitive, with the presence of a number of regional and international players. Prominent market players are focusing on product development as a major marketing strategy. They are also investing in R&D, product expansions, and mergers and acquisitions to boost their market share.

Key players operating in the centrifugal compressor market are Atlas Copco North America LLC, Baker Hughes Company, FS-ELLIOTT CO., LLC, Hitachi, Ltd., Howden Group, IHI Rotating Machinery Engineering Co., Ltd., Ingersoll Rand, KOBE STEEL, LTD. (Kobelco), Nanjing SAG Equipment Co., Ltd., and Siemens Energy.

Leading players have been profiled in the centrifugal compressor market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments

  • On February 8, 2022, Atlas Copco and Proveedora de Bombas, Motores y Compressors entered into a strategic partnership for the distribution of their products in Mexico. Atlas Copco and Proveedora de Bombas, Motores y Compressors signed a global distribution agreement in 2021. Proveedora de Bombas, Motores y Compressors acts as a worldwide distributor and service partner for Atlas Copco’s products.
  • On December 22, 2021, Howden, a leading global provider of mission-critical air and gas handling products, technologies, and services, entered into an agreement to acquire Compressor Products International (“CPI”), a key provider of aftermarket components and services for reciprocating compressors worldwide. This move marked the company’s sixth acquisition in 2021.

Centrifugal Compressor Market Snapshot

Attribute Detail

Market Value in 2022

US$ 13.9 Bn

Market Forecast Value in 2031

US$ 21.6 Bn

Growth Rate (CAGR)

4.6%

Forecast Period

2023-2031

Quantitative Units

US$ Bn for Value and Thousand Units for Volume

Market Analysis

Global qualitative analysis includes drivers, restraints, opportunities, key trends, upcoming key trends, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis.

Competition Landscape

  • Market Player - Competition Dashboard and Revenue Share Analysis 2022
  • Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, Strategy & Business Overview)

Format

  • Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Single-stage Centrifugal Compressor
      • Overhang Compressor
      • Between Bearing Design
      • Integrally Geared
    • Multi-stage Centrifugal Compressor
      • Horizontally Split
      • Vertically Split
      • Compressor with Bell Casing
      • Pipeline Compressor
      • Integrally Geared
  • Discharge Pressure
    • Below 20 Bars
    • Between 20 and 200 Bars
    • Between 200 and 400 Bars
    • Above 400 Bars
  • End-user
    • Oil & Gas
    • Power
    • Petrochemicals
    • Chemicals & Fertilizers
    • Textiles
    • Automotive
    • HVAC
    • Others (Metals, Textiles, etc.)
  • Distribution Channel
    • Direct Sales
    • Indirect Sales

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Companies Profiled

  • Atlas Copco North America LLC
  • Baker Hughes Company
  • FS-ELLIOTT CO., LLC
  • Hitachi, Ltd.
  • Howden Group
  • IHI Rotating Machinery Engineering Co., Ltd.
  • Ingersoll Rand
  • KOBE STEEL, LTD. (Kobelco)
  • Nanjing SAG Equipment Co., Ltd.
  • Siemens Energy

Customization Scope

  • Available upon request

Pricing

  • Available upon request

Frequently Asked Questions

How big was the global centrifugal compressor market in 2022?

It was valued at US$ 13.9 Bn 2022

How much growth is the business expecting in terms of CAGR?

It is projected to grow at a CAGR of 4.6% from 2023 to 2031

What are the prominent factors driving the demand for centrifugal compressors?

Growth in oil & gas industry and increase in demand for energy-efficient systems

Which centrifugal compressor type segment dominated the global landscape in 2022?

The multi-stage centrifugal compressor segment held significant share in 2022

Which region is more attractive for companies manufacturing centrifugal compressors?

North America is a more attractive region

Who are the key centrifugal compressor manufacturers?

Atlas Copco North America LLC., Baker Hughes Company, FS-ELLIOTT CO., LLC, Hitachi, Ltd., Howden Group, IHI Rotating Machinery Engineering Co., Ltd., Ingersoll Rand, KOBE STEEL, LTD. (Kobelco), Nanjing SAG Equipment Co., Ltd., and Siemens Energy

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Market Dynamics

            5.1.1. Drivers

            5.1.2. Restraints

            5.1.3. Opportunities

        5.2. Key Trends Analysis

            5.2.1. Demand Side

            5.2.2. Supply Side

        5.3. Key Market Indicators

            5.3.1. Overall Compressor Market Overview

        5.4. Porter’s Five Forces Analysis

        5.5. Value Chain Analysis

        5.6. Industry SWOT Analysis

        5.7. Regulatory Framework

        5.8. Technological Overview

        5.9. Trade Analysis

        5.10. Global Centrifugal Compressor Market Analysis and Forecast, 2017 - 2031

            5.10.1. Market Value Projection (US$ Mn)

            5.10.2. Market Volume Projection (Thousand Units)

    6. Global Centrifugal Compressor Market Analysis and Forecast, By Type

        6.1. Global Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Type, 2017 - 2031

            6.1.1. Single-stage Compressor

                6.1.1.1. Overhang Compressor

                6.1.1.2. Between Bearing

                6.1.1.3. Integrally Geared

            6.1.2. Multi-stage Compressor

                6.1.2.1. Horizontally Split

                6.1.2.2. Vertically Split

                6.1.2.3. Compressor with Bell Casing

                6.1.2.4. Pipeline Compressor

                6.1.2.5. Integrally Geared

        6.2. Incremental Opportunity, By Type

    7. Global Centrifugal Compressor Market Analysis and Forecast, By Discharge Pressure

        7.1. Global Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Discharge Pressure, 2017 - 2031

            7.1.1. Below 20 Bars

            7.1.2. Between 20 and 200 Bars

            7.1.3. Between 200 and 400 Bars

            7.1.4. Above 400 Bars

        7.2. Incremental Opportunity, By Discharge Pressure

    8. Global Centrifugal Compressor Market Analysis and Forecast, By End-user

        8.1. Global Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By End-user, 2017 - 2031

            8.1.1. Oil & Gas

            8.1.2. Power

            8.1.3. Petrochemicals

            8.1.4. Chemicals & Fertilizers

            8.1.5. Textiles

            8.1.6. Automotive

            8.1.7. HVAC

            8.1.8. Others

        8.2. Incremental Opportunity, By End-user

    9. Global Centrifugal Compressor Market Analysis and Forecast, By Distribution Channel

        9.1. Global Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            9.1.1. Direct Sales

            9.1.2. Indirect Sales

        9.2. Incremental Opportunity, By Distribution Channel

    10. Global Centrifugal Compressor Market Analysis and Forecast, By Region

        10.1. Global Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Region, 2017 - 2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Incremental Opportunity, By Region

    11. North America Centrifugal Compressor Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Key Trends Analysis

            11.2.1. Supply side

            11.2.2. Demand Side

        11.3. Price Trend Analysis

            11.3.1. Weighted Average Selling Price (US$)

        11.4. Key Supplier Analysis

        11.5. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Type, 2017 - 2031

            11.5.1. Single-stage Compressor

                11.5.1.1. Overhang Compressor

                11.5.1.2. Between Bearing

                11.5.1.3. Integrally Geared

            11.5.2. Multi-stage Compressor

                11.5.2.1. Horizontally Split

                11.5.2.2. Vertically Split

                11.5.2.3. Compressor with Bell Casing

                11.5.2.4. Pipeline Compressor

                11.5.2.5. Integrally Geared

        11.6. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Discharge Pressure, 2017 - 2031

            11.6.1. Below 20 Bars

            11.6.2. Between 20 and 200 Bars

            11.6.3. Between 200 and 400 Bars

            11.6.4. Above 400 Bars

        11.7. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By End-user, 2017 - 2031

            11.7.1. Oil & Gas

            11.7.2. Power

            11.7.3. Petrochemicals

            11.7.4. Chemicals & Fertilizers

            11.7.5. Textiles

            11.7.6. Automotive

            11.7.7. HVAC

            11.7.8. Others

        11.8. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            11.8.1. Direct Sales

            11.8.2. Indirect Sales

        11.9. Centrifugal Compressor Market Size (US$ Mn & Thousand Units), by Country/Sub-region, 2017 - 2031

            11.9.1. U.S.

            11.9.2. Canada

            11.9.3. Rest of North America

        11.10. Incremental Opportunity Analysis

    12. Europe Centrifugal Compressor Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Key Trends Analysis

            12.2.1. Supply side

            12.2.2. Demand Side

        12.3. Price Trend Analysis

            12.3.1. Weighted Average Selling Price (US$)

        12.4. Key Supplier Analysis

        12.5. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Type, 2017 - 2031

            12.5.1. Single-stage Compressor

                12.5.1.1. Overhang Compressor

                12.5.1.2. Between Bearing

                12.5.1.3. Integrally Geared

            12.5.2. Multi-stage Compressor

                12.5.2.1. Horizontally Split

                12.5.2.2. Vertically Split

                12.5.2.3. Compressor with Bell Casing

                12.5.2.4. Pipeline Compressor

                12.5.2.5. Integrally Geared

        12.6. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Discharge Pressure, 2017 - 2031

            12.6.1. Below 20 Bars

            12.6.2. Between 20 and 200 Bars

            12.6.3. Between 200 and 400 Bars

            12.6.4. Above 400 Bars

        12.7. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By End-user, 2017 - 2031

            12.7.1. Oil & Gas

            12.7.2. Power

            12.7.3. Petrochemicals

            12.7.4. Chemicals & Fertilizers

            12.7.5. Textiles

            12.7.6. Automotive

            12.7.7. HVAC

            12.7.8. Others

        12.8. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            12.8.1. Direct Sales

            12.8.2. Indirect Sales

        12.9. Centrifugal Compressor Market Size (US$ Mn & Thousand Units), by Country/Sub-region, 2017 - 2031

            12.9.1. U.K.

            12.9.2. Germany

            12.9.3. France

            12.9.4. Rest of Europe

        12.10. Incremental Opportunity Analysis

    13. Asia Pacific Centrifugal Compressor Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Key Trends Analysis

            13.2.1. Supply side

            13.2.2. Demand Side

        13.3. Price Trend Analysis

            13.3.1. Weighted Average Selling Price (US$)

        13.4. Key Supplier Analysis

        13.5. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Type, 2017 - 2031

            13.5.1. Single-stage Compressor

                13.5.1.1. Overhang Compressor

                13.5.1.2. Between Bearing

                13.5.1.3. Integrally Geared

            13.5.2. Multi-stage Compressor

                13.5.2.1. Horizontally Split

                13.5.2.2. Vertically Split

                13.5.2.3. Compressor with Bell Casing

                13.5.2.4. Pipeline Compressor

                13.5.2.5. Integrally Geared

        13.6. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Discharge Pressure, 2017 - 2031

            13.6.1. Below 20 Bars

            13.6.2. Between 20 and 200 Bars

            13.6.3. Between 200 and 400 Bars

            13.6.4. Above 400 Bars

        13.7. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By End-user, 2017 - 2031

            13.7.1. Oil & Gas

            13.7.2. Power

            13.7.3. Petrochemicals

            13.7.4. Chemicals & Fertilizers

            13.7.5. Textiles

            13.7.6. Automotive

            13.7.7. HVAC

            13.7.8. Others

        13.8. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            13.8.1. Direct Sales

            13.8.2. Indirect Sales

        13.9. Centrifugal Compressor Market Size (US$ Mn & Thousand Units), by Country/Sub-region, 2017 - 2031

            13.9.1. China

            13.9.2. India

            13.9.3. Japan

            13.9.4. Rest of Asia Pacific

        13.10. Incremental Opportunity Analysis

    14. Middle East & Africa Centrifugal Compressor Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Key Trends Analysis

            14.2.1. Supply side

            14.2.2. Demand Side

        14.3. Price Trend Analysis

            14.3.1. Weighted Average Selling Price (US$)

        14.4. Key Supplier Analysis

        14.5. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Type, 2017 - 2031

            14.5.1. Single-stage Compressor

                14.5.1.1. Overhang Compressor

                14.5.1.2. Between Bearing

                14.5.1.3. Integrally Geared

            14.5.2. Multi-stage Compressor

                14.5.2.1. Horizontally Split

                14.5.2.2. Vertically Split

                14.5.2.3. Compressor with Bell Casing

                14.5.2.4. Pipeline Compressor

                14.5.2.5. Integrally Geared

        14.6. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Discharge Pressure, 2017 - 2031

            14.6.1. Below 20 Bars

            14.6.2. Between 20 and 200 Bars

            14.6.3. Between 200-400 Bars

            14.6.4. Above 400 Bars

        14.7. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By End-user, 2017 - 2031

            14.7.1. Oil & Gas

            14.7.2. Power

            14.7.3. Petrochemicals

            14.7.4. Chemicals & Fertilizers

            14.7.5. Textiles

            14.7.6. Automotive

            14.7.7. HVAC

            14.7.8. Others

        14.8. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            14.8.1. Direct Sales

            14.8.2. Indirect Sales

        14.9. Centrifugal Compressor Market Size (US$ Mn & Thousand Units), by Country/Sub-region, 2017 - 2031

            14.9.1. GCC

            14.9.2. South Africa

            14.9.3. Rest of Middle East & Africa

        14.10. Incremental Opportunity Analysis

    15. South America Centrifugal Compressor Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Key Trends Analysis

            15.2.1. Supply side

            15.2.2. Demand Side

        15.3. Price Trend Analysis

            15.3.1. Weighted Average Selling Price (US$)

        15.4. Key Supplier Analysis

        15.5. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Type, 2017 - 2031

            15.5.1. Single-stage Compressor

                15.5.1.1. Overhang Compressor

                15.5.1.2. Between Bearing

                15.5.1.3. Integrally Geared

            15.5.2. Multi-stage Compressor

                15.5.2.1. Horizontally Split

                15.5.2.2. Vertically Split

                15.5.2.3. Compressor with Bell Casing

                15.5.2.4. Pipeline Compressor

                15.5.2.5. Integrally Geared

        15.6. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Discharge Pressure, 2017 - 2031

            15.6.1. Below 20 Bars

            15.6.2. Between 20 and 200 Bars

            15.6.3. Between 200 and 400 Bars

            15.6.4. Above 400 Bars

        15.7. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By End-user, 2017 - 2031

            15.7.1. Oil & Gas

            15.7.2. Power

            15.7.3. Petrochemicals

            15.7.4. Chemicals & Fertilizers

            15.7.5. Textiles

            15.7.6. Automotive

            15.7.7. HVAC

            15.7.8. Others

        15.8. Centrifugal Compressor Market Size (US$ Mn & Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            15.8.1. Direct Sales

            15.8.2. Indirect Sales

        15.9. Centrifugal Compressor Market Size (US$ Mn & Thousand Units), by Country/Sub-region, 2017 - 2031

            15.9.1. Brazil

            15.9.2. Rest of South America

        15.10. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Market Player - Competition Dashboard

        16.2. Market Revenue Share Analysis (%), (2022)

        16.3. Company Profiles (Details - Company Overview, Sales Area/Geographical Presence, Revenue (*Subject to Data Availability), Strategy & Business Overview)

            16.3.1. Atlas Copco North America LLC

                16.3.1.1. Company Overview

                16.3.1.2. Sales Area/Geographical Presence

                16.3.1.3. Revenue (*Subject to Data Availability)

                16.3.1.4. Strategy & Business Overview

            16.3.2. Baker Hughes Company

                16.3.2.1. Company Overview

                16.3.2.2. Sales Area/Geographical Presence

                16.3.2.3. Revenue (*Subject to Data Availability)

                16.3.2.4. Strategy & Business Overview

            16.3.3. FS-ELLIOTT CO., LLC

                16.3.3.1. Company Overview

                16.3.3.2. Sales Area/Geographical Presence

                16.3.3.3. Revenue (*Subject to Data Availability)

                16.3.3.4. Strategy & Business Overview

            16.3.4. Hitachi, Ltd.

                16.3.4.1. Company Overview

                16.3.4.2. Sales Area/Geographical Presence

                16.3.4.3. Revenue (*Subject to Data Availability)

                16.3.4.4. Strategy & Business Overview

            16.3.5. Howden Group

                16.3.5.1. Company Overview

                16.3.5.2. Sales Area/Geographical Presence

                16.3.5.3. Revenue (*Subject to Data Availability)

                16.3.5.4. Strategy & Business Overview

            16.3.6. IHI Rotating Machinery Engineering Co., Ltd.

                16.3.6.1. Company Overview

                16.3.6.2. Sales Area/Geographical Presence

                16.3.6.3. Revenue (*Subject to Data Availability)

                16.3.6.4. Strategy & Business Overview

            16.3.7. Ingersoll Rand

                16.3.7.1. Company Overview

                16.3.7.2. Sales Area/Geographical Presence

                16.3.7.3. Revenue (*Subject to Data Availability)

                16.3.7.4. Strategy & Business Overview

            16.3.8. KOBE STEEL, LTD. (Kobelco)

                16.3.8.1. Company Overview

                16.3.8.2. Sales Area/Geographical Presence

                16.3.8.3. Revenue (*Subject to Data Availability)

                16.3.8.4. Strategy & Business Overview

            16.3.9. Nanjing SAG Equipment Co., Ltd.

                16.3.9.1. Company Overview

                16.3.9.2. Sales Area/Geographical Presence

                16.3.9.3. Revenue (*Subject to Data Availability)

                16.3.9.4. Strategy & Business Overview

            16.3.10. Siemens Energy

                16.3.10.1. Company Overview

                16.3.10.2. Sales Area/Geographical Presence

                16.3.10.3. Revenue (*Subject to Data Availability)

                16.3.10.4. Strategy & Business Overview

    17. Key Takeaways

        17.1. Identification of Potential Market Spaces

            17.1.1. Type

            17.1.2. Discharge Pressure

            17.1.3. End-user

            17.1.4. Distribution Channel

            17.1.5. Geography

        17.2. Understanding the Buying Process of the Customers

            17.2.1. Preferred Type

            17.2.2. Preferred Discharge Pressure

            17.2.3. End-user

            17.2.4. Preferred Distribution Channel

        17.3. Prevailing Market Risks

    List of Tables

    Table 1: Global Centrifugal Compressor Market Value (US$ Mn), by Type, 2017-2031

    Table 2: Global Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Table 3: Global Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Table 4: Global Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure 2017-2031

    Table 5: Global Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Table 6: Global Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Table 7: Global Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Table 8: Global Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 9: Global Centrifugal Compressor Market Value (US$ Mn), by Region, 2017-2031

    Table 10: Global Centrifugal Compressor Market Volume (Thousand Units), by Region 2017-2031

    Table 11: North America Centrifugal Compressor Market Value (US$ Mn), by Type, 2017-2031

    Table 12: North America Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Table 13: North America Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Table 14: North America Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure 2017-2031

    Table 15: North America Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Table 16: North America Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Table 17: North America Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Table 18: North America Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 19: North America Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Table 20: North America Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Table 21: Europe Centrifugal Compressor Market Value (US$ Mn), by Type , 2017-2031

    Table 22: Europe Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Table 23: Europe Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Table 24: Europe Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure 2017-2031

    Table 25: Europe Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Table 26: Europe Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Table 27: Europe Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Table 28: Europe Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 29: Europe Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Table 30: Europe Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Table 31: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by Type , 2017-2031

    Table 32: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Table 33: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Table 34: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure2017-2031

    Table 35: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Table 36: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Table 37: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Table 38: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 39: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Table 40: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Table 41: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by Type , 2017-2031

    Table 42: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Table 43: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Table 44: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure 2017-2031

    Table 45: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Table 46: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Table 47: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Table 48: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 49: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Table 50: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Table 51: South America Centrifugal Compressor Market Value (US$ Mn), by Type , 2017-2031

    Table 52: South America Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Table 53: South America Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Table 54: South America Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure 2017-2031

    Table 55: South America Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Table 56: South America Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Table 57: South America Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Table 58: South America Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 59: South America Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Table 60: South America Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    List of Figures

    Figure 1: Global Centrifugal Compressor Market Value (US$ Mn), by Type, 2017-2031

    Figure 2: Global Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Figure 3: Global Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Type, 2023-2031

    Figure 4: Global Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Figure 5: Global Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure 2017-2031

    Figure 6: Global Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Discharge Pressure, 2023-2031

    Figure 7: Global Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Figure 8: Global Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Figure 9: Global Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by End-user, 2023-2031

    Figure 10: Global Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Figure 11: Global Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 12: Global Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Distribution Channel, 2023-2031

    Figure 13: Global Centrifugal Compressor Market Value (US$ Mn), by Region, 2017-2031

    Figure 14: Global Centrifugal Compressor Market Volume (Thousand Units), by Region 2017-2031

    Figure 15: Global Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Region, 2023-2031

    Figure 16: North America Centrifugal Compressor Market Value (US$ Mn), by Type, 2017-2031

    Figure 17: North America Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Figure 18: North America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Type, 2023-2031

    Figure 19: North America Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Figure 20: North America Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure2017-2031

    Figure 21: North America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Discharge Pressure, 2023-2031

    Figure 22: North America Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Figure 23: North America Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Figure 24: North America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by End-user, 2023-2031

    Figure 25: North America Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Figure 26: North America Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 27: North America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Distribution Channel, 2023-2031

    Figure 28: North America Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Figure 29: North America Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Figure 30: North America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Country, 2023-2031

    Figure 31: Europe Centrifugal Compressor Market Value (US$ Mn), by Type, 2017-2031

    Figure 32: Europe Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Figure 33: Europe Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Type, 2023-2031

    Figure 34: Europe Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Figure 35: Europe Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure 2017-2031

    Figure 36: Europe Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Discharge Pressure, 2023-2031

    Figure 37: Europe Centrifugal Compressor Market Value (US$ Mn), by End User, 2017-2031

    Figure 38: Europe Centrifugal Compressor Market Volume (Thousand Units), by End User 2017-2031

    Figure 39: Europe Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by End User, 2023-2031

    Figure 40: Europe Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Figure 41: Europe Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 42: Europe Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Distribution Channel, 2023-2031

    Figure 43: Europe Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Figure 44: Europe Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Figure 45: Europe Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Country, 2023-2031

    Figure 46: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by Type, 2017-2031

    Figure 47: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Figure 48: Asia Pacific Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Type, 2023-2031

    Figure 49: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Figure 50: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure2017-2031

    Figure 51: Asia Pacific Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Discharge Pressure, 2023-2031

    Figure 52: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Figure 53: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Figure 54: Asia Pacific Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by End-user, 2023-2031

    Figure 55: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Figure 56: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 57: Asia Pacific Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Distribution Channel, 2023-2031

    Figure 58: Asia Pacific Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Figure 59: Asia Pacific Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Figure 60: Asia Pacific Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Country, 2023-2031

    Figure 61: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by Type, 2017-2031

    Figure 62: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Figure 63: Middle East & Africa Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Type, 2023-2031

    Figure 64: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Figure 65: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure 2017-2031

    Figure 66: Middle East & Africa Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Discharge Pressure,2023-2031

    Figure 67: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by End User, 2017-2031

    Figure 68: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by End User 2017-2031

    Figure 69: Middle East & Africa Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by End User, 2023-2031

    Figure 70: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Figure 71: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 72: Middle East & Africa Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Distribution Channel, 2023-2031

    Figure 73: Middle East & Africa Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Figure 74: Middle East & Africa Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Figure 75: Middle East & Africa Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Country, 2023-2031

    Figure 76: South America Centrifugal Compressor Market Value (US$ Mn), by Type, 2017-2031

    Figure 77: South America Centrifugal Compressor Market Volume (Thousand Units), by Type 2017-2031

    Figure 78: South America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Type, 2023-2031

    Figure 79: South America Centrifugal Compressor Market Value (US$ Mn), by Discharge Pressure, 2017-2031

    Figure 80: South America Centrifugal Compressor Market Volume (Thousand Units), by Discharge Pressure2017-2031

    Figure 81: South America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Discharge Pressure, 2023-2031

    Figure 82: South America Centrifugal Compressor Market Value (US$ Mn), by End-user, 2017-2031

    Figure 83: South America Centrifugal Compressor Market Volume (Thousand Units), by End-user 2017-2031

    Figure 84: South America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by End-user, 2023-2031

    Figure 85: South America Centrifugal Compressor Market Value (US$ Mn), by Distribution Channel, 2017-2031

    Figure 86: South America Centrifugal Compressor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 87: South America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Distribution Channel, 2023-2031

    Figure 88: South America Centrifugal Compressor Market Value (US$ Mn), by Country, 2017-2031

    Figure 89: South America Centrifugal Compressor Market Volume (Thousand Units), by Country 2017-2031

    Figure 90: South America Centrifugal Compressor Market Incremental Opportunity (US$ Mn), Forecast, by Country, 2023-2031

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