The major factors driving the global centrifugal compressor 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. Budgetary restrictions across several end-user industries have resulted in companies looking for standardized solutions, instead of customized units. The increase in the development of power generation plants, particularly the gas-fired generation plants, is expected to drive the demand for centrifugal compressors market during the forecast period.

The report "Centrifugal Compressor Market, By End User (Oil and Gas, Power Sector, Petrochemical and Chemical Industries, and Other End Users), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034"

Key Highlights:

• In August 2019, Atlas Copco announced Centrifugal ZB VSD blowers supply deep sedimentation tanks with high-pressure air.
• 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.

Key Market Insights from the report:        

Centrifugal Compressor Market was valued at US$ 15.1 billion in 2024 and is projected to grow at a CAGR of 4.9% to reach US$ 23.4 billion by 2034.. The market report has been segmented on the end-user, and region.

• By end-user, the oil and gas industry dominated the segment, owing to the increasing oil and gas activities across the world
• By region, Asia-Pacific is projected to lead the global centrifugal compressor market and is expected to remain dominant during the forecast period, due to increase in the development of power generation plants, particularly the gas-fired generation plants.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Centrifugal Compressor Market, By End User (Oil and Gas, Power Sector, Petrochemical and Chemical Industries, and Other End Users), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034"

The prominent player operating in the global centrifugal compressor market includes Dresser-Rand, Atlas Copco, IHI, Kobelco, Hitachi, Ingersoll Rand, Gardener Denver, Baker Hughes, Mitsubishi Heavy Industries, and Elliott.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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