Centrifugal Compressor Market
Centrifugal Compressor Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0488
Segments Covered
By
End User Oil and Gas, Power Sector, Petrochemical and Chemical Industries, Other End Users
-
By
Type Single-stage centrifugal compressors, Multi-stage centrifugal compressors
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
10.1 Billion |
 Revenue 2028:
|
15.36 Billion |
 Revenue CAGR
(2021 - 2028): |
4.23 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2015 to 2019 |
| 3. | Forecast Data | 2021 to 2028 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
Research Methodology: Centrifugal Compressor Market - Global Market Assessment, 2021 - 2028
The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Centrifugal Compressor market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA
Secondary Research
Primary Research:
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Centrifugal Compressor market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Centrifugal Compressor market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
FAQ
Frequently Asked Question
What is the global demand for Centrifugal Compressor in terms of revenue?
-
The global Centrifugal Compressor valued at 10.1 Billion in 2020 and is expected to reach 15.36 Billion in 2028 growing at a CAGR of 4.23%.
Which are the prominent players in the market?
-
The prominent players in the market are Kobelco, Siemens, Manturbo, Cameron, Elliott-Ebara, MHI, Hitachi, Techwin, IHI, EBARA, Cooper(EATON), Dresser-Rand, Fusheng Group, Mitsui, Kawasaki, Ingersoll Rand, GE, Gardner Denver, Kaeser, Atlas Copco..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.23% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Centrifugal Compressor include
- The centrifugal compressor product has a positive view as it has been seen as energy source which is renewable. The growing trend and adoption of air compressors in various industries with favorable government policies & regulations, encouraging economic environment and growing popularity of automobiles are factors boosting the market.
- The increasing focus more on research and development activities is one of the major factors driving the market growth.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Centrifugal Compressor in 2020.
