Centrifugal Compressors Market is expected to reach 1410 million US$ by 2025 – QY Research
Sep 3, 2018
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Los Angeles, USA - September 3, 2018 /MarketersMedia/ —
This report studies the Centrifugal Compressors market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
A centrifugal compressor is a type of compressor that utilizes rotating vanes or impellers to compress a gas instead of a piston. This design is used in high-end air compressors as well as on refrigeration units and air conditioners. This type of compressor is able to be used in stages to create ultra-high compression of gasses or air. This type of compressor has fewer moving parts and operates more smoothly than a piston-type compressor.
The principal methods of competition in these markets relate to price, quality, delivery, service and support, technology and innovation. Market players are emphasizing more on product development and product differentiation to acquire competitive advantage, while small players are emphasizing more on the price competition.
Global giant manufactures headquarters mainly distributed in Europe, Japan, China, and USA. The manufacturers in Europe and USA have long histories and unshakable status in this field. Manufacturers such as Atlas Copco and Ingersoll Rand have relative higher level of product’s quality. As to Japan, Kobelco and Hitachi have become as global leaders. The production centers for leading players are moving to developing countries such as China for their low manufacture cost and developing consumer groups.
Key consumption markets locate at developed countries. USA takes the biggest consumption market share of 27.11% in 2016, followed by China with 25.93%. Europe and Japan are also playing important roles in global consumption market, with market share of 25.22% and 6.66% in 2016 respectively.
In the international market, the marketing channels characteristic differ from company to company. The international leading companies prefer setting up factories directly into aimed market, and taking own sales department to expand market. The giant companies are more likely to set their own big agents in some major countries and regions taking charge of regional business building their international market position. Companies in developing countries such as China, in contrast, put more effort on direct selling business.
The global Centrifugal Compressors market was 1570 million US$ in 2017 and is expected to 1410 million US$ by the end of 2025, growing at a CAGR of -1.3% between 2018 and 2025.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Centrifugal Compressors in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Atlas Copco
Elliott
Ingersoll Rand
Siemens
GE
Man
Gardner Denver
Kobelco
MHI
Hitachi
Hanwha Techwin
Kawasaki
IHI
Fusheng Group
Sullair
Shenyang Blower
ShaanGu
By the product type, the market is primarily split into
Single Stage Centrifugal Compressors
Multi-stage Centrifugal Compressors
By the end users/application, this report covers the following segments
Petrochemical Industry
Industrial Manufacturing
Transportation
Others
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