Market Overview:
The global multi-stage centrifugal compressors market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for compressed air from various industries such as petrochemical industry, industrial manufacturing, transportation and others. Based on type, the global multi-stage centrifugal compressors market has been segmented into cylinder centrifugal compressor, multi-axis centrifugal compressor and horizontal profile centrifugal compressor. Among these types, the cylinder centrifugal compressor segment is expected to account for a major share of the global market during the forecast period. This can be attributed to its high efficiency and low noise levels as compared to other types of compressors. Based on application, the globalmulti-stagecentrifug alcompressormarket has been segmented into petrochemical industry, industrial manufacturing sector,, transportation sectorand others segments.
Product Definition:
A centrifugal compressor is a type of air compressor in which the compression of the air takes place as a result of kinetic energy generated by rotation of an impeller. Centrifugal compressors are used in gas turbines, aircraft engines, and other industrial equipment.
The importance of multi-stage centrifugal compressors is that they can provide high pressure ratios with relatively low levels of noise and vibration.
Cylinder Centrifugal Compressor:
Cylinder centrifugal compressor is used in gas turbine, reciprocating engines and industrial applications. It's main function is to increase the pressure of a liquid or fluid flow by reducing its volume. Cylinder centrifugal compressor works on the principle of Archimedean screw where a spinning impeller draws air into a closed cylinder and forces the air out through an open end resulting in increased pressure.
Multi-Axis Centrifugal Compressor:
Multi-axis centrifugal compressor is a type of gas compressor which has more than two sets of rotors. The main goal of this device is to decrease the volume and pressure ratio, thus increasing the flow rate with minimum loss. This type can be used for both low and high flow applications as it provides better efficiency at all speeds compared to other compressors in its class.
Application Insights:
Petrochemical industry dominated the global multi-stage centrifugal compressors market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period on account of rising demand for chemical products across various end-use industries. Increasing investments by major players such as Saudi Arabia and China are also expected to play a crucial role in driving the market over the coming years.
Industrial manufacturing was another prominent application segment accounting for a significant revenue share in 2017 due to high product demand from this sector, especially during peak seasons or periods when required downtime is critical to maintain production levels at maximum efficiency levels. Transportation emerged as another lucrative application segment owing to increasing fuel prices and environmental concerns coupled with improved road connectivity leading towards growing economies such as India, Thailand and Indonesia which are projected to propel regional consumption trends over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in industrialization, especially in China and India, which has led to an increase in demand for centrifugal compressors across various industries. Furthermore, rapid urbanization coupled with increasing population across these countries is leading to increased demand for energy resources such as electricity; thus resulting into an increased requirement for centrifugal compressors.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to rising oil & gas industry activities within Nigeria, Iran and Saudi Arabia among other African countries.
Growth Factors:
- Increasing demand for compressed air in various industries such as automotive, food and beverage, oil and gas, metal fabrication, and others is expected to drive the growth of the multi-stage centrifugal compressors market during the forecast period.
- The growing popularity of energy-efficient equipment is another key factor that is anticipated to fuel the demand for multi-stage centrifugal compressors in the near future.
- Rapid industrialization in emerging countries such as China and India is projected to create lucrative opportunities for players operating in the global multi-stage centrifugal compressors market during the forecast period.
- The increasing focus on reducing carbon emissions coupled with stringent environmental regulations are also likely to propel demand for these equipments over next few years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-stage Centrifugal Compressors Market Research Report
By Type
Cylinder Centrifugal Compressor, Multi-Axis Centrifugal Compressor, Horizontal Profile Centrifugal Compressor
By Application
Petrochemical Industry, Industrial Manufacturing, Transportation, Others
By Companies
Atlas Copco, Elliott, Ingersoll Rand, Siemens, GE Oil & Gas, MAN Diesel & Turbo, Gardner Denver, Kobelco, MHI, Hitachi, Atlas Copco, Kawasaki, IHI, Fusheng Group, Sullair
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Multi-stage Centrifugal Compressors Market Report Segments:
The global Multi-stage Centrifugal Compressors market is segmented on the basis of:
Types
Cylinder Centrifugal Compressor, Multi-Axis Centrifugal Compressor, Horizontal Profile Centrifugal Compressor
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
Petrochemical Industry, Industrial Manufacturing, Transportation, 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:
- Atlas Copco
- Elliott
- Ingersoll Rand
- Siemens
- GE Oil & Gas
- MAN Diesel & Turbo
- Gardner Denver
- Kobelco
- MHI
- Hitachi
- Atlas Copco
- Kawasaki
- IHI
- Fusheng Group
- Sullair
Highlights of The Multi-stage Centrifugal Compressors 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:
- Cylinder Centrifugal Compressor
- Multi-Axis Centrifugal Compressor
- Horizontal Profile Centrifugal Compressor
- By Application:
- Petrochemical Industry
- Industrial Manufacturing
- Transportation
- 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 Multi-stage Centrifugal Compressors 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.
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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?
Multi-stage centrifugal compressors are machines that use multiple stages to increase the efficiency of the compression process. In each stage, the rotor is faster than the surrounding fluid, which causes a higher pressure and greater compression. This increased efficiency results in decreased energy consumption and improved performance.
Some of the major players in the multi-stage centrifugal compressors market are Atlas Copco, Elliott, Ingersoll Rand, Siemens, GE Oil & Gas, MAN Diesel & Turbo, Gardner Denver, Kobelco, MHI, Hitachi, Atlas Copco, Kawasaki, IHI, Fusheng Group, Sullair.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-stage Centrifugal Compressors 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 Multi-stage Centrifugal Compressors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi-stage Centrifugal Compressors 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 Multi-stage Centrifugal Compressors 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 Multi-stage Centrifugal Compressors Market Size & Forecast, 2020-2028
4.5.1 Multi-stage Centrifugal Compressors Market Size and Y-o-Y Growth
4.5.2 Multi-stage Centrifugal Compressors Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cylinder Centrifugal Compressor
5.2.2 Multi-Axis Centrifugal Compressor
5.2.3 Horizontal Profile Centrifugal Compressor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Petrochemical Industry
6.2.2 Industrial Manufacturing
6.2.3 Transportation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-stage Centrifugal Compressors 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 Multi-stage Centrifugal Compressors 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cylinder Centrifugal Compressor
9.6.2 Multi-Axis Centrifugal Compressor
9.6.3 Horizontal Profile Centrifugal Compressor
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 Market Size Forecast by Applications
9.10.1 Petrochemical Industry
9.10.2 Industrial Manufacturing
9.10.3 Transportation
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cylinder Centrifugal Compressor
10.6.2 Multi-Axis Centrifugal Compressor
10.6.3 Horizontal Profile Centrifugal Compressor
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 Market Size Forecast by Applications
10.10.1 Petrochemical Industry
10.10.2 Industrial Manufacturing
10.10.3 Transportation
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cylinder Centrifugal Compressor
11.6.2 Multi-Axis Centrifugal Compressor
11.6.3 Horizontal Profile Centrifugal Compressor
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 Market Size Forecast by Applications
11.10.1 Petrochemical Industry
11.10.2 Industrial Manufacturing
11.10.3 Transportation
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cylinder Centrifugal Compressor
12.6.2 Multi-Axis Centrifugal Compressor
12.6.3 Horizontal Profile Centrifugal Compressor
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 Market Size Forecast by Applications
12.10.1 Petrochemical Industry
12.10.2 Industrial Manufacturing
12.10.3 Transportation
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cylinder Centrifugal Compressor
13.6.2 Multi-Axis Centrifugal Compressor
13.6.3 Horizontal Profile Centrifugal Compressor
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) Market Size Forecast by Applications
13.10.1 Petrochemical Industry
13.10.2 Industrial Manufacturing
13.10.3 Transportation
13.10.4 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 Multi-stage Centrifugal Compressors Market: Competitive Dashboard
14.2 Global Multi-stage Centrifugal Compressors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Copco
14.3.2 Elliott
14.3.3 Ingersoll Rand
14.3.4 Siemens
14.3.5 GE Oil & Gas
14.3.6 MAN Diesel & Turbo
14.3.7 Gardner Denver
14.3.8 Kobelco
14.3.9 MHI
14.3.10 Hitachi
14.3.11 Atlas Copco
14.3.12 Kawasaki
14.3.13 IHI
14.3.14 Fusheng Group
14.3.15 Sullair
