Market Overview:
The Global Integrally Geared Centrifugal Compressor Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for centrifugal compressors in various industries such as chemical, oil refining, and others. Additionally, the market is witnessing an increase in adoption of high voltage centrifugal compressors owing to their ability to offer high efficiency and reliability. Based on type, the global integrally geared centrifugal compressor market can be segmented into medium voltage centrifugal compressor and high voltage centrifugal compressor. The medium voltage segment is projected to account for a larger share of the global integrally geared centrifugal compressor market during the forecast period from 2018 to 2030. This can be attributed primarily due its lower cost as compared with high-voltage variants and wide acceptance among end users across different industries. Based on application, the global integrally geared centrifugal compressor market can be divided into chemical industry, oil refining industry, and other applications segments such as power generation and HVAC systems etcetera . Among these applications segments ,the oil refining segment is anticipated witness highest growth rate over next few years .
Product Definition:
An integrally geared centrifugal compressor is a type of centrifugal compressor in which the impeller and gear train are integrated into a single unit. This design improves reliability and reduces manufacturing costs.
Medium voltage Centrifugal Compressor:
The medium voltage centrifugal compressor is used to increase the flow of air or gas in a controlled manner. The compressor works on the principle of impelling rotating impeller by means of force generated by electric motor. Centrifugal compressors are widely used for industrial applications such as oil & gas, power generation, food & beverage and chemical industries owing to their benefits such as low noise level operation and high-efficiency at high speed.
High voltage Centrifugal Compressor:
High voltage centrifugal compressor is used in gas turbine engines to increase the flow of gases by reducing the pressure. The working principle of high voltage centrifugal compressor is based on spinning impeller which creates a vacuum and draws in air or other gas.
1) HVCC can operate at higher speeds i.e.
Application Insights:
The chemical industry accounted for the largest share in 2015 and is expected to witness moderate growth over the forecast period. The segment will retain its leading position throughout the forecast years on account of increasing demand for chemicals from various end-use industries such as oil & gas, food & beverage, pulp & paper and construction.
Integrally geared centrifugal compressors are used in several applications including petrochemical plants, refineries and chemical processing facilities which require a high level of reliability along with enhanced efficiency across a wide range of operating conditions. Centrifugal compressors provide reliable power generation solutions while reducing overall plant costs by approximately 20%. These factors are anticipated to drive product demand in upcoming years.
In addition to being used across several industrial applications, centrifugal compressors find application across numerous other sectors including oil refining where they are used as an essential component in crude distillation units (DDUs).
Regional Analysis:
Asia Pacific region dominated the global integrally geared centrifugal compressor market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization and favorable government policies promoting investments in various industries. In addition, rising demand for clean water due to increasing population has led to an increased focus on improving water treatment plants across emerging economies such as India, China, Indonesia, Malaysia and Vietnam. This is expected to drive product demand across Asia Pacific during the forecast period.
Growth Factors:
- Increasing demand for compressed air in various industries
- Growing awareness about the benefits of using compressed air
- Rising investments in manufacturing and processing sectors
- Technological advancements in centrifugal compressor technology
- Growing demand for energy-efficient and environment-friendly technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Integrally Geared Centrifugal Compressor Market Research Report
By Type
Medium voltage Centrifugal Compressor, High voltage Centrifugal Compressor
By Application
Chemical Industry, Oil Refining, Other
By Companies
Atlas Copco, Ingersoll-Rand, MAN, MITSUBISHI HEAVY INDUSTRIES, Siemens, Sundyne
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Integrally Geared Centrifugal Compressor Market Report Segments:
The global Integrally Geared Centrifugal Compressor market is segmented on the basis of:
Types
Medium voltage Centrifugal Compressor, High voltage 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
Chemical Industry, Oil Refining, Other
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
- Ingersoll-Rand
- MAN
- MITSUBISHI HEAVY INDUSTRIES
- Siemens
- Sundyne
Highlights of The Integrally Geared Centrifugal 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:
- Medium voltage Centrifugal Compressor
- High voltage Centrifugal Compressor
- By Application:
- Chemical Industry
- Oil Refining
- Other
- 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 Integrally Geared Centrifugal 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.
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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?
An integrally geared centrifugal compressor is a type of compressor that uses gears to increase the efficiency of the compression process. This type of compressor is typically more efficient than a traditional piston-type compressor, and it can be used in applications where high efficiency is important, such as gas turbines and air conditioning units.
Some of the major companies in the integrally geared centrifugal compressor market are Atlas Copco, Ingersoll-Rand, MAN, MITSUBISHI HEAVY INDUSTRIES, Siemens, Sundyne.
The integrally geared centrifugal compressor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Integrally Geared Centrifugal Compressor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Integrally Geared Centrifugal Compressor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Integrally Geared Centrifugal Compressor Market - Supply Chain
4.5. Global Integrally Geared Centrifugal Compressor Market Forecast
4.5.1. Integrally Geared Centrifugal Compressor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Integrally Geared Centrifugal Compressor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Integrally Geared Centrifugal Compressor Market Absolute $ Opportunity
5. Global Integrally Geared Centrifugal Compressor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Type
5.3.1. Medium voltage Centrifugal Compressor
5.3.2. High voltage Centrifugal Compressor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Integrally Geared Centrifugal Compressor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Oil Refining
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Integrally Geared Centrifugal Compressor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Integrally Geared Centrifugal Compressor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Integrally Geared Centrifugal Compressor Demand Share Forecast, 2019-2029
9. North America Integrally Geared Centrifugal Compressor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Oil Refining
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Type
9.7.1. Medium voltage Centrifugal Compressor
9.7.2. High voltage Centrifugal Compressor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Integrally Geared Centrifugal Compressor Demand Share Forecast, 2019-2029
10. Latin America Integrally Geared Centrifugal Compressor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Oil Refining
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Type
10.7.1. Medium voltage Centrifugal Compressor
10.7.2. High voltage Centrifugal Compressor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Integrally Geared Centrifugal Compressor Demand Share Forecast, 2019-2029
11. Europe Integrally Geared Centrifugal Compressor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Oil Refining
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Integrally Geared Centrifugal Compressor Market Size and Volume Forecast b Type
11.7.1. Medium voltage Centrifugal Compressor
11.7.2. High voltage Centrifugal Compressor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Integrally Geared Centrifugal Compressor Demand Share, 2019-2029
12. Asia Pacific Integrally Geared Centrifugal Compressor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Oil Refining
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Type
12.7.1. Medium voltage Centrifugal Compressor
12.7.2. High voltage Centrifugal Compressor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Integrally Geared Centrifugal Compressor Demand Share, 2019-2029
13. Middle East & Africa Integrally Geared Centrifugal Compressor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Integrally Geared Centrifugal Compressor Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Oil Refining
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Integrally Geared Centrifugal Compressor Market Size and Volume Forecast by Type
13.7.1. Medium voltage Centrifugal Compressor
13.7.2. High voltage Centrifugal Compressor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Integrally Geared Centrifugal Compressor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Integrally Geared Centrifugal Compressor Market: Market Share Analysis
14.2. Integrally Geared Centrifugal Compressor Distributors and Customers
14.3. Integrally Geared Centrifugal Compressor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Atlas Copco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ingersoll-Rand
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MAN
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MITSUBISHI HEAVY INDUSTRIES
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sundyne
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook