Market Overview:
The global centrifugal steam compressor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for centrifugal steam compressors from various end-use industries, such as food industry, pharmaceutical industry, chemical industry, wastewater treatment and others. In addition, the growing demand for energy-efficient and environment-friendly equipment is also contributing to the growth of this market.
Product Definition:
A centrifugal steam compressor is a device that uses the kinetic energy of a spinning rotor to compress fluid. The importance of centrifugal steam compressors is that they can provide high pressure and flow rates for process industries.
Single-stage:
Single-stage is the simplest type of centrifugal steam compressor. It has only one moving part, which is a spinning rotor that forces the steam through an opening in its shell and out into a surrounding area. The faster the rotor spins, the more force it exerts on the surrounding area and vice versa.
Multi-stage:
In a multi-stage steam turbine, there are multiple stages connected in series to generate the pressure. The number of stages can vary from 1 to 4 or more depending upon the requirement. It increases the overall efficiency of system by decreasing energy losses caused due to friction in single stage turbines and also helps reduce overall operating cost.
Application Insights:
The chemical industry accounted for the largest revenue share of over 30% in 2017. The growth is attributed to the increasing demand for chemicals across various end-use industries, such as food & beverage, pharmaceuticals and paints. Centrifugal compressors are widely used in plants that manufacture agrochemicals, industrial chemicals and specialty chemicals.
The pharmaceutical industry is expected to emerge as one of the fastest-growing application segments from 2018 to 2030 owing to increasing healthcare spending by governments worldwide along with technological advancements that have fueled product demand in this sector. In addition, favorable government regulations regarding wastewater treatment are projected to drive segment growth over the forecast period.
Increasing environmental concerns regarding water pollution have resulted in a growing need for wastewater treatment solutions that can reduce contamination levels without using large amounts of energy or resources during production processes at pharmaceutical plants and other industries globally Centrifugal compressors find applications across all major sectors including food processing, pulp & paper manufacturing.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rapid urbanization in emerging economies, such as China and India. In addition, rising disposable income levels are anticipated to fuel the product demand across this region.
The Asia Pacific centrifugal steam compressor market is likely to gain importance as a result of ongoing infrastructure development activities in countries like China and India. Furthermore, favorable government initiatives for promoting domestic manufacturing capabilities are also expected to drive industry expansion over the next eight years.
Europe accounted for more than 25% of total revenue share in 2017 owing to high product penetration across end-use industries including food & beverage; wastewater treatment; pharmaceuticals; chemicals & petrochemicals; power generation; etc., especially in Germany, France and Italy countries.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries is expected to drive the centrifugal steam compressor market.
- Rapid urbanization and the consequent increase in demand for air conditioning is also projected to boost the market growth.
- Stringent environmental regulations pertaining to emissions from traditional compression technologies are likely to favor adoption of centrifugal steam compressors, thereby propelling the market growth.
- The increasing popularity of cogeneration systems that use waste heat from gas turbines or reciprocating engines for power generation is anticipated to create opportunities for centrifugal steam compressors over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Centrifugal Steam Compressor Market Research Report
By Type
Single-stage, Multi-stage
By Application
Food Industry, Pharmaceutical Industry, Chemical Industry, Wastewater Treatment, Others
By Companies
EBARA, Howden, CQME, Atlas Copco, Hebei Leheng Energy Saving Equipment, Jiangsu Leke Energy Saving Technology, Suzhou Luckyun, Nantong Datong Baofu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Centrifugal Steam Compressor Market Report Segments:
The global Centrifugal Steam Compressor market is segmented on the basis of:
Types
Single-stage, Multi-stage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Pharmaceutical Industry, Chemical Industry, Wastewater Treatment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EBARA
- Howden
- CQME
- Atlas Copco
- Hebei Leheng Energy Saving Equipment
- Jiangsu Leke Energy Saving Technology
- Suzhou Luckyun
- Nantong Datong Baofu
Highlights of The Centrifugal Steam Compressor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-stage
- Multi-stage
- By Application:
- Food Industry
- Pharmaceutical Industry
- Chemical Industry
- Wastewater Treatment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Centrifugal Steam Compressor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Centrifugal steam compressors are used to increase the pressure and temperature of steam. This is done by spinning a metal impeller at high speeds, which causes the steam to be compressed.
Some of the major players in the centrifugal steam compressor market are EBARA, Howden, CQME, Atlas Copco, Hebei Leheng Energy Saving Equipment, Jiangsu Leke Energy Saving Technology, Suzhou Luckyun, Nantong Datong Baofu.
The centrifugal steam compressor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Centrifugal Steam Compressor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Centrifugal Steam Compressor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Centrifugal Steam Compressor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Centrifugal Steam Compressor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Centrifugal Steam Compressor Market Size & Forecast, 2018-2028
4.5.1 Centrifugal Steam Compressor Market Size and Y-o-Y Growth
4.5.2 Centrifugal Steam Compressor Market Absolute $ Opportunity
Chapter 5 Global Centrifugal Steam Compressor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Centrifugal Steam Compressor Market Size Forecast by Type
5.2.1 Single-stage
5.2.2 Multi-stage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Centrifugal Steam Compressor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Centrifugal Steam Compressor Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Pharmaceutical Industry
6.2.3 Chemical Industry
6.2.4 Wastewater Treatment
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Centrifugal Steam Compressor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Centrifugal Steam Compressor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Centrifugal Steam Compressor Analysis and Forecast
9.1 Introduction
9.2 North America Centrifugal Steam Compressor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Centrifugal Steam Compressor Market Size Forecast by Type
9.6.1 Single-stage
9.6.2 Multi-stage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Centrifugal Steam Compressor Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Pharmaceutical Industry
9.10.3 Chemical Industry
9.10.4 Wastewater Treatment
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Centrifugal Steam Compressor Analysis and Forecast
10.1 Introduction
10.2 Europe Centrifugal Steam Compressor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Centrifugal Steam Compressor Market Size Forecast by Type
10.6.1 Single-stage
10.6.2 Multi-stage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Centrifugal Steam Compressor Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Pharmaceutical Industry
10.10.3 Chemical Industry
10.10.4 Wastewater Treatment
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Centrifugal Steam Compressor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Centrifugal Steam Compressor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Centrifugal Steam Compressor Market Size Forecast by Type
11.6.1 Single-stage
11.6.2 Multi-stage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Centrifugal Steam Compressor Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Pharmaceutical Industry
11.10.3 Chemical Industry
11.10.4 Wastewater Treatment
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Centrifugal Steam Compressor Analysis and Forecast
12.1 Introduction
12.2 Latin America Centrifugal Steam Compressor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Centrifugal Steam Compressor Market Size Forecast by Type
12.6.1 Single-stage
12.6.2 Multi-stage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Centrifugal Steam Compressor Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Pharmaceutical Industry
12.10.3 Chemical Industry
12.10.4 Wastewater Treatment
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Centrifugal Steam Compressor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Centrifugal Steam Compressor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Centrifugal Steam Compressor Market Size Forecast by Type
13.6.1 Single-stage
13.6.2 Multi-stage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Centrifugal Steam Compressor Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Pharmaceutical Industry
13.10.3 Chemical Industry
13.10.4 Wastewater Treatment
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Centrifugal Steam Compressor Market: Competitive Dashboard
14.2 Global Centrifugal Steam Compressor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EBARA
14.3.2 Howden
14.3.3 CQME
14.3.4 Atlas Copco
14.3.5 Hebei Leheng Energy Saving Equipment
14.3.6 Jiangsu Leke Energy Saving Technology
14.3.7 Suzhou Luckyun
14.3.8 Nantong Datong Baofu
