The Global Centrifugal Gas Compressors Market size is projected to grow at a CAGR of 5.7% for the forecast period, 2021-2028. The market growth will be driven by factors such as increasing demand and shortage of skilled workforce in this field.
Centrifugal compressors are rotating machines in which gas enters tangentially and is accelerated by a series of blades. This acceleration causes the gas to be squeezed into smaller spaces, reducing its pressure so that it becomes denser. Centrifugal compressors can draw air or natural gases from tanks for use as pressurized air or gases on vehicles, for instance. They may also be used to produce liquid oxygen when mixed with fuel oil at certain pressures and temperatures. The compressor consists of an impeller shaft mounted on bearings in a housing containing two converging circular cylinders called diffusers (also known as volutes). Gas flowing through one end of each cylinder is directed around the rotor toward the other end where it exits under higher pressure than when it entered.
On the basis of Type, the global centrifugal gas compressors market is segmented into portable and stationary.
The portable type of centrifugal gas compressors are typically used for camping, but they can also be utilized on the job site. They're relatively inexpensive and do not require much maintenance when in use. Portable gas compressors are light and easy to carry, so they can be used in various tasks such as for home construction or even during disaster relief. They work best with car tires but also have the ability to inflate other items like air mattresses. Portable compressors typically use a 12-volt battery that plugs into any cigarette lighter socket and has an adapter hose that is connected directly onto the tire valve stem.
The stationary type of gas compressor is the most popular in terms of numbers and because they're great at handling heavy-duty tasks while using less energy than other types like reciprocating or rotary screw compressors. They are installed in industrial facilities around the world as well as attached to natural gas pipelines. A stationary type of centrifugal gas compressor is not only used for commercial purposes but also in residences. The high level of energy efficiency and low noise levels make them popular among users, especially those living nearby the compressor plant.
On the basis of Application, the global centrifugal gas compressors market is segmented into food & beverage, oil & gas, energy, manufacturing, healthcare, and others.
This market is primarily driven by the growing demand from the food & beverage industry. The centrifugal gas compressor enables cold air to be distributed evenly in a refrigerator or freezer which results in low-temperature preservation of perishable goods and increases their life cycle. In addition, it helps maintain desired humidity levels inside its environment while minimizing excess moisture formation on the food product's external surfaces.
Oil and gas exploration companies use centrifugal compressors for pipeline construction. Their main function is to create a space in the pipe that will allow an oil or natural gas substance, which is heavier than air, to flow through it. This type of compressor typically operates by injecting liquid into one end at high pressure while forcing out fluid from the other side. The passage between these two points creates a vacuum seal, as well as an area with low pressure inside that, helps to pull more liquids up this tube. These types of machines are commonly installed adjacent to drilling sites where they're used primarily for artificial lift applications such as pumps and control equipment. They can also be utilized on offshore platforms during production operations if there's not enough capacity available from existing systems located onshore.
The use of centrifugal gas compressors in energy is essential for the generation of electricity. This helps to provide power to residential and commercial customers, as well as industries that require consistent levels of electric current. Centrifugal gas compressors are a key component in generating electrical power through combustion or nuclear reactions. These products help compress air or gases that will be vaporized for power generation through steam turbines.
The use of centrifugal gas compressors is widespread in the manufacturing sector. In this industry, an air compressor is used to raise or maintain pressure and also regulate temperature for production processes such as welding, cutting, bending, assembling machinery parts, etc. Centrifugal-type compressors are used during product assembly lines where these devices provide an uninterrupted supply of clean air at high-pressure levels needed for many operations like welding and painting.
Centrifugal gas compressors are used in the healthcare sector due to their ability to deliver high-pressure air. Centrifugal Gas Compressors can reduce noise emission and vibration with a low level of maintenance when compared to other types of compressors which is an attribute that may be desirable for hospitals, doctors' offices, etc. Hospitals also rely on this type of compressor because it is perfect for medical equipment such as anesthesia machines which require constant access to filtered pressurized oxygen from an uninterrupted supply.
On the basis of Region, the global centrifugal gas compressors market is segmented into North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa. North America is the largest regional player in the global centrifugal gas compressor market accounting for 50% of total demand in 2017 and likely to maintain its dominance over the forecast period. The U.S., Canada, Mexico, Germany, Japan are some of the major economies constituting this region which will collectively account for about 54% revenue share from 2021 onwards as well due to their higher per capita GDP (gross domestic product) coupled with high investments towards infrastructure development like power grids and airports across these countries. The Asia Pacific offers a lucrative opportunity driven by economic growth prospects such as India where it has been projected that there might be an increase in expenditure on various utilities including electricity, natural gas, water, and sewerage.
There are three major factors that have accelerated the growth of the global centrifugal gas compressors market:
- Rising demand for natural gas in APAC and Latin America, especially from China.
- The developments in alternative energy sources such as renewable energies and nuclear power are increasing the need for higher pressure gases. This has boosted investments in new high-capacity plants to meet growing demands.
- Growing adoption of clean technologies in the food & beverage industry requires better quality air with low emissions, thus driving up demand for high-efficiency centrifugal compressor systems.
Up Market Research published a new report titled “Centrifugal Gas Compressors Market research report which is segmented by Types (Portable, Stationary), By Applications (Food & beverage, Oil & gas, Energy, Semiconductor & electronics, Manufacturing, Healthcare), By Players/Companies Atlas Copco, Kirloskar Pneumatic, Sullair, Gardner Denver, Danfoss, Elliott Group, Denair, HMS, Hitachi, Ingersoll-Rand, Dresser-Rand, General Electric, Kobelco Compressors, Kaishan Group, Hertz Kompressoren”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Centrifugal Gas Compressors Market Research Report|
|By Type||Portable, Stationary|
|By Application||Food & beverage, Oil & gas, Energy, Semiconductor & electronics, Manufacturing, Healthcare|
|By Companies||Atlas Copco, Kirloskar Pneumatic, Sullair, Gardner Denver, Danfoss, Elliott Group, Denair, HMS, Hitachi, Ingersoll-Rand, Dresser-Rand, General Electric, Kobelco Compressors, Kaishan Group, Hertz Kompressoren|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||225|
|Number of Tables & Figures||158|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Portable, Stationary and By Application Food & beverage, Oil & gas, Energy, Semiconductor & electronics, Manufacturing, Healthcare.
Some of the companies that are profiled in this report are:
Centrifugal Gas Compressors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Centrifugal Gas 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 2028.
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