원심 컴프레서 시장 : 케이싱 유형, 플로우 유형, 스테이지, 윤활, 냉각, 압축성 가스 유형, 유통경로, 용도, 최종사용자별 - 세계 예측(2025-2030년)

The Centrifugal Compressor Market was valued at USD 9.81 billion in 2023 and is projected to grow to USD 10.35 billion in 2024, with a CAGR of 5.58%, reaching USD 14.35 billion by 2030.

Overview

The centrifugal compressor market remains a cornerstone of industrial innovation, driving essential processes across diverse sectors. With robust demand propelled by technological advancements, evolving energy requirements, and heightened environmental standards, this market has experienced significant growth and transformation. Today's centrifugal compressors are not only engineered for improved efficiency and reliability but also are platforms for incorporating next-generation digital maintenance and monitoring technologies.

Businesses and industry professionals alike are witnessing a dynamic interplay between traditional engineering practices and emerging digitized solutions. This shift is enabling manufacturers to deliver more refined products tailored to specific operational needs. As a result, companies are investing in research and developmental capabilities to refine compressor designs, thereby enhancing product performance and longevity. The heightened focus on energy optimization and operational cost reduction further solidifies the compressor's position as a critical component in systems designed for large-scale industrial applications.

In this comprehensive summary, insights from market segmentation, regional growth trends, key industry players, and recommendations tailored for industry leaders converge to provide clarity on the current competitive landscape. Emphasis is placed on how technological innovations and strategic repositioning are reshaping market dynamics and driving future opportunities in the centrifugal compressor arena.

Understanding Transformative Shifts in the Centrifugal Compressor Market

Industry Evolution and Emerging Trends

The centrifugal compressor market has undergone substantial changes propelled by innovation, globalization, and evolving regulatory standards. A key transformative shift in recent years is the integration of smart technologies that offer real-time monitoring, performance analysis, and predictive maintenance. These advancements have enabled companies to not only reduce downtime but also extend the operational life of their assets while meeting stringent emissions and efficiency regulations.

Digital transformation has revolutionized maintenance protocols and the overall operational landscape. Manufacturers are increasingly embracing data analytics and IoT-enabled devices, fostering a more responsive and agile production environment. At the same time, there is an emerging trend towards customization. Tailor-made compressor configurations, driven by customer-specific requirements, have provided a competitive edge to pioneering manufacturers. This approach has redefined product development strategies by harmonizing standard design methodologies with niche market demands.

Additionally, shifts in global energy policies and heightened environmental awareness have prompted players to reassess their long-standing practices. The market is witnessing a recalibration of production techniques in response to increased market transparency and consumer demand for sustainable solutions. These transformative shifts are not only influencing the technical design of centrifugal compressors but also are reshaping strategic business models within the industry.

Key Segmentation Insights in the Compressor Landscape

Diverse Product Configurations and Market Parameters

The market segmentation for centrifugal compressors provides a fertile ground for detailed analysis and strategic decision-making. The segmentation based on casing type, for instance, studies the market by dividing it into horizontal split and vertical split options. In particular, the horizontal split segment further encompasses configurations such as a horizontally split barrel and a horizontally split beam, while the vertical split segment distinguishes between a vertically split barrel and a vertically split beam. Each variant supports distinct industrial applications based on space constraints, maintenance accessibility, and operational efficiency.

Meanwhile, flow type segmentation bifurcates the market into axial and radial configurations. This distinction is critical, as the flow type influences both the compressor's performance metrics and its suitability across various applications. Similarly, when evaluating compressor stages, one must consider the nuances between multi-stage and single-stage configurations. These are designed to address different pressure and flow rate requirements, thereby ensuring optimal performance across a wide range of operating conditions.

Further segmentation is reflected in the lubrication practices where the choice between oil lubricated and oil-free options highlights varying maintenance needs and environmental compliance demands. Cooling methods form another significant segmentation parameter, contrasting air-cooled setups with water-cooled systems that cater to different operational environments and thermal efficiency concerns.

In addition, product evaluations consider the type of compressible gas utilized, encompassing air, helium, hydrogen, natural gas, and nitrogen. Distribution channel insights reveal two distinct sales approaches, with offline and online sales expanding market reach. Application-based segmentation covers diverse scenarios from air separation and blowing to gas injection, pipeline transmission, process gas compression, and refrigeration and air conditioning. Finally, end-user segmentation details the market's reach across multiple verticals, including sectors such as aerospace, automotive, chemical, energy and power generation, food and beverage, oil and gas, and pharmaceutical. Within the chemical sector, further granular breakdowns include basic chemicals, petrochemicals, and specialty chemicals, while the energy and power generation segment is dissected into hydro power, nuclear power, and thermal power. The oil and gas landscape is similarly segmented into downstream, midstream, and upstream categories, underscoring the market's complexity and diversity.

Based on Casing Type, market is studied across Horizontal Split and Vertical Split. The Horizontal Split is further studied across Horizontally Split Barrel and Horizontally Split Beam. The Vertical Split is further studied across Vertically Split Barrel and Vertically Split Beam.

Based on Flow Type, market is studied across Axial and Radial.

Based on Stage, market is studied across Multi Stage and Single Stage.

Based on Lubrication, market is studied across Oil Lubricated and Oil-Free.

Based on Cooling, market is studied across Air-Cooled and Water-Cooled.

Based on Compressible Gas Type, market is studied across Air, Helium, Hydrogen, Natural Gas, and Nitrogen.

Based on Distribution Channel, market is studied across Offline Sales and Online Sales.

Based on Application, market is studied across Air Separation & Blowing, Gas Injection, Pipeline Transmission, Process Gas Compression, and Refrigeration & Air Conditioning.

Based on End-User, market is studied across Aerospace, Automotive, Chemical, Energy & Power Generation, Food & Beverage, Oil & Gas, and Pharmaceutical. The Chemical is further studied across Basic Chemicals, Petrochemicals, and Specialty Chemicals. The Energy & Power Generation is further studied across Hydro Power, Nuclear Power, and Thermal Power. The Oil & Gas is further studied across Downstream, Midstream, and Upstream.

Exploring Key Regional Dynamics

Regional Trends and Market Flourishing

The centrifugal compressor market displays distinct regional dynamics, with each geographic area offering its own set of opportunities and challenges. In the Americas, robust industrial activity and significant investments in infrastructure underscore a healthy demand for innovative compressor solutions. Markets in this region benefit from established manufacturing sectors and a strong focus on technological integration, fostering a competitive environment that is responsive to both incremental innovations and radical advancements.

Europe, Middle East & Africa represent a region marked by stringent regulatory environments and a commitment to sustainable energy policies. Here, the adoption of centrifugal compressors is closely linked to efforts in reducing environmental footprints while maintaining optimum industrial output. Governments in this region support initiatives aimed at enhancing industrial efficiency and promoting the use of cutting-edge technology, thereby catalyzing growth in compressor-related industries.

In the Asia-Pacific region, rapid industrialization combined with expanding manufacturing capacities drives significant market growth. The region's dynamic economic environment, paired with increasing capital investments and a rising focus on automation, broadens the scope for innovative compressor solutions. Across these regions, local preferences and regulatory requirements play a pivotal role in shaping market strategies, leading to tailored designs and localized adaptations of centrifugal compressor technology.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Insights on Leading Companies in the Centrifugal Compressor Sector

Industry Leaders and Market Pioneers

The competitive landscape in the centrifugal compressor market is defined by an impressive roster of companies that continuously set benchmarks for technological innovation and strategic execution. Prominent players such as Atlas Copco AB and Baker Hughes Company have established themselves as leaders by integrating advanced product designs and adopting intelligent monitoring systems to enhance operational profitability. Bharat Heavy Electricals Limited and Boldrocchi Group are known for their commitment to sustainability paired with innovative engineering solutions that address a variety of industrial needs.

Critical market players including BORSIG ZM Compression GmbH, Copeland LP., and Denair Energy Saving Technology (Shanghai) PLC have effectively balanced traditional mechanical reliability with modern digital interfaces to meet evolving market requirements. FS-ELLIOTT Co., LLC and Fusheng Co., Ltd. continue to drive progression through next-generation product development and strategic market penetration initiatives. Global entities such as Hanwha Corporation, Hitachi, Ltd., and Hyundai Heavy Industries CO., LTD. reflect the diversity of innovation stemming from different regions, while IHI Corporation and Ingersoll Rand Inc. carve out significant niches with their specialized product lines.

Other industry stalwarts, including Johnson Controls Inc., Kirloskar Brothers Limited, Kobe Steel, Ltd., and MAN Energy Solutions SE by Volkswagen AG, showcase expertise in engineering excellence and market foresight. Mitsubishi Heavy Industries, Ltd., Relevant Industrial, LLC, ShenGu Group Co., Ltd, and Siemens AG exemplify strategic investments in technology and process optimization. Additionally, companies like SKF AB and Sundyne, LLC complete the industry ecosystem by continuously driving forward safety, efficiency, and technological progress. The collective efforts of these companies propel the market trend toward greater innovation, operational efficiency, and global competitiveness.

The report delves into recent significant developments in the Centrifugal Compressor Market, highlighting leading vendors and their innovative profiles. These include Atlas Copco AB, Baker Hughes Company, Bharat Heavy Electricals Limited, Boldrocchi Group, BORSIG ZM Compression GmbH, Copeland LP., Denair Energy Saving Technology (Shanghai) PLC, FS-ELLIOTT Co., LLC, Fusheng Co., Ltd., Hanwha corporation, Hitachi, Ltd., Hyundai Heavy Industries CO., LTD., IHI Corporation, Ingersoll Rand Inc., Johnson Controls Inc., Kirloskar Brothers Limited, Kobe Steel, Ltd., MAN Energy Solutions SE by Volkswagen AG, Mitsubishi Heavy Industries, Ltd., Relevant Industrial, LLC, ShenGu Group Co., Ltd, Siemens AG, SKF AB, and Sundyne, LLC. Recommendations for Future Industry Leadership

Strategic Recommendations for Market Advancement

Industry leaders are encouraged to pursue a multi-faceted strategy that encompasses innovation, strategic partnerships, and operational agility. One of the key recommendations is to invest in advanced research and development initiatives that focus on integrating smart technologies with traditional centrifugal compressor architectures. Embracing digital transformation through IoT integration and data analytics can yield tangible benefits in predictive maintenance, operational efficiencies, and energy management. By modernizing legacy systems, firms can bridge the gap between conventional engineering methods and modern smart solutions.

Further, it is imperative to adopt a customer-centric approach in product development. Understanding the nuanced requirements that different market segments demand, particularly regarding specific configurations like casing types, flow dynamics, lubrication techniques, and cooling methods, enables companies to develop bespoke solutions that address both efficiency and regulatory challenges. Strategic diversification of product portfolios that include multi-stage and single-stage compressor options can provide flexibility in meeting diverse industrial needs.

In addition, pursuing geographic expansion into emerging markets and reinforcing supply chain resilience should be viewed as strategic imperatives. Market leaders should consider enhancing digital presence and optimizing distribution channels to improve customer outreach, whether through refined online strategies or bolstered offline engagement.

Lastly, forging collaborative partnerships with technology providers, academic institutions, and industry bodies can foster an environment of innovation and shared expertise. These alliances can support joint research initiatives, standardization of best practices, and accelerated market adoption of new technologies. Implementing these recommendations will ensure that industry leaders remain agile, competitive, and prepared to navigate future market challenges.

Concluding Insights and Market Outlook

Summarizing Key Insights

In summary, the centrifugal compressor market continues to evolve with profound implications for industrial operations globally. The interplay of technological innovation, customized product developments, and an expansive range of segmentation criteria underlines the inherent complexity of this market. This detailed exploration has highlighted transformative trends, from the integration of smart maintenance systems to the rise of digitalization in production practices, which are continuously redefining industry benchmarks.

The segmentation insights reveal that whether it is through varying casing types, flow dynamics, stage configurations, lubrication methods, cooling systems, or specific gas types, manufacturers and end users alike have a wide array of options to choose from. These varied parameters form the foundation for offering tailored products that address diverse industrial applications, be it in process gas compression or refrigeration systems. Meanwhile, the regional analysis underscores the critical influence of market-specific factors, with the Americas, Europe, Middle East & Africa, and Asia-Pacific each contributing unique market opportunities and regulatory challenges.

Moreover, the analysis of key companies illustrates a competitive ecosystem where both legacy players and innovative newcomers drive significant technological progress. The contributions of these companies not only reflect their individual strategic prowess but also collectively shape the competitive dynamics and future trajectory of the market. As a result, industry players are equipped with a wealth of insights that serve as a roadmap for channeling investments into sustainable, technology-driven growth.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Increasing demand for energy-efficient compressors in industrial applications to reduce operational costs
    • 5.1.1.2. Stringent environmental regulations stimulating the adoption of eco-friendly centrifugal compressors
    • 5.1.1.3. Expansion of chemical and petrochemical industries with investments augmenting the demand for high-performance compressors
  • 5.1.2. Restraints
    • 5.1.2.1. High initial capital investment required for the procurement and installation of centrifugal compressors
  • 5.1.3. Opportunities
    • 5.1.3.1. Emerging applications of centrifugal compressors in renewable energy sectors and their market impact
    • 5.1.3.2. Technological advancements and innovations in centrifugal compressors for enhanced energy efficiency and performance
  • 5.1.4. Challenges
    • 5.1.4.1. Economic volatility and fluctuating raw material costs
• 5.2. Market Segmentation Analysis
  • 5.2.1. Casing Type: Proliferating importance of horizontally split barrel owing to high-pressure applications withstanding internal pressure
  • 5.2.2. Flow Type: Increasing usage of axial compressors for applications where large volumes of gas need to be handled
  • 5.2.3. Stage: Rising adoption of multi-stage centrifugal compressors for compressing the gas to a very high extent
  • 5.2.4. Lubrication: Extending the use of oil-free compressors due to cleaner air output
  • 5.2.5. Cooling: Emerging incorporation of air-cooled in environments where water resources are scarce
  • 5.2.6. Compressible Gas Type: Rising popularity of air compressors owing to its availability and cost-effectiveness
  • 5.2.7. Distribution Channel: Significant benefits of online sales enabling customers to browse, compare, and purchase centrifugal compressors
  • 5.2.8. Application: Growing applications of centrifugal compressors in air separation & blowing for segregating atmospheric air into its primary components in industries
  • 5.2.9. End-User: High importance of centrifugal compressors in hydropower for optimizing energy generation
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Centrifugal Compressor Market, by Casing Type

• 6.1. Introduction
• 6.2. Horizontal Split
  • 6.2.1. Horizontally Split Barrel
  • 6.2.2. Horizontally Split Beam
• 6.3. Vertical Split
  • 6.3.1. Vertically Split Barrel
  • 6.3.2. Vertically Split Beam

7. Centrifugal Compressor Market, by Flow Type

• 7.1. Introduction
• 7.2. Axial
• 7.3. Radial

8. Centrifugal Compressor Market, by Stage

• 8.1. Introduction
• 8.2. Multi Stage
• 8.3. Single Stage

9. Centrifugal Compressor Market, by Lubrication

• 9.1. Introduction
• 9.2. Oil Lubricated
• 9.3. Oil-Free

10. Centrifugal Compressor Market, by Cooling

• 10.1. Introduction
• 10.2. Air-Cooled
• 10.3. Water-Cooled

11. Centrifugal Compressor Market, by Compressible Gas Type

• 11.1. Introduction
• 11.2. Air
• 11.3. Helium
• 11.4. Hydrogen
• 11.5. Natural Gas
• 11.6. Nitrogen

12. Centrifugal Compressor Market, by Distribution Channel

• 12.1. Introduction
• 12.2. Offline Sales
• 12.3. Online Sales

13. Centrifugal Compressor Market, by Application

• 13.1. Introduction
• 13.2. Air Separation & Blowing
• 13.3. Gas Injection
• 13.4. Pipeline Transmission
• 13.5. Process Gas Compression
• 13.6. Refrigeration & Air Conditioning

14. Centrifugal Compressor Market, by End-User

• 14.1. Introduction
• 14.2. Aerospace
• 14.3. Automotive
• 14.4. Chemical
  • 14.4.1. Basic Chemicals
  • 14.4.2. Petrochemicals
  • 14.4.3. Specialty Chemicals
• 14.5. Energy & Power Generation
  • 14.5.1. Hydro Power
  • 14.5.2. Nuclear Power
  • 14.5.3. Thermal Power
• 14.6. Food & Beverage
• 14.7. Oil & Gas
  • 14.7.1. Downstream
  • 14.7.2. Midstream
  • 14.7.3. Upstream
• 14.8. Pharmaceutical

15. Americas Centrifugal Compressor Market

• 15.1. Introduction
• 15.2. Argentina
• 15.3. Brazil
• 15.4. Canada
• 15.5. Mexico
• 15.6. United States

16. Asia-Pacific Centrifugal Compressor Market

• 16.1. Introduction
• 16.2. Australia
• 16.3. China
• 16.4. India
• 16.5. Indonesia
• 16.6. Japan
• 16.7. Malaysia
• 16.8. Philippines
• 16.9. Singapore
• 16.10. South Korea
• 16.11. Taiwan
• 16.12. Thailand
• 16.13. Vietnam

17. Europe, Middle East & Africa Centrifugal Compressor Market

• 17.1. Introduction
• 17.2. Denmark
• 17.3. Egypt
• 17.4. Finland
• 17.5. France
• 17.6. Germany
• 17.7. Israel
• 17.8. Italy
• 17.9. Netherlands
• 17.10. Nigeria
• 17.11. Norway
• 17.12. Poland
• 17.13. Qatar
• 17.14. Russia
• 17.15. Saudi Arabia
• 17.16. South Africa
• 17.17. Spain
• 17.18. Sweden
• 17.19. Switzerland
• 17.20. Turkey
• 17.21. United Arab Emirates
• 17.22. United Kingdom

18. Competitive Landscape

• 18.1. Market Share Analysis, 2023
• 18.2. FPNV Positioning Matrix, 2023
• 18.3. Competitive Scenario Analysis
  • 18.3.1. RMS enhances turbomachinery portfolio with key acquisition of Blading Services Unlimited
  • 18.3.2. Kotech and INNOMOTICS forge partnership to advance centrifugal compressor technology
  • 18.3.3. MIRAI INTEX and SECON launch eco-friendly oil-free propane turbo-compressor at Chillventa 2024
  • 18.3.4. FS-Elliott launches energy-efficient P650 centrifugal air compressor
  • 18.3.5. RMS innovates with first 3D-printed centrifugal compressor impellers in refining sector
  • 18.3.6. Geoclima launch TMH giant chillers with advanced centrifugal compressors
  • 18.3.7. Baker Hughes secures contract to supply centrifugal compressors for Aramco's Gas expansion
  • 18.3.8. Copeland's oil-free centrifugal compressor with aero-lift innovation boosts efficiency and sustainability
  • 18.3.9. Copeland launches innovative oil-free centrifugal compressor with aero-lift technology
  • 18.3.10. ELGi partners with D.V.P. Vacuum Technology to expand product offerings in Indian
  • 18.3.11. Ingersoll Rand acquire Howden Roots in USD 300 million deal to expand compression capabilities
  • 18.3.12. Ingersoll Rand partner with HD Compression forge alliance to enhance quebec compressor services
  • 18.3.13. Mitsubishi Heavy Industries and Rotating Machinery Services form strategic partnership for enhanced equipment services
• 18.4. Strategy Analysis & Recommendation
  • 18.4.1. Hitachi, Ltd.
  • 18.4.2. Ingersoll Rand Inc.
  • 18.4.3. FS-Elliott Co., LLC
  • 18.4.4. Atlas Copco AB

Companies Mentioned

• 1. Atlas Copco AB
• 2. Baker Hughes Company
• 3. Bharat Heavy Electricals Limited
• 4. Boldrocchi Group
• 5. BORSIG ZM Compression GmbH
• 6. Copeland LP.
• 7. Denair Energy Saving Technology (Shanghai) PLC
• 8. FS-ELLIOTT Co., LLC
• 9. Fusheng Co., Ltd.
• 10. Hanwha corporation
• 11. Hitachi, Ltd.
• 12. Hyundai Heavy Industries CO., LTD.
• 13. IHI Corporation
• 14. Ingersoll Rand Inc.
• 15. Johnson Controls Inc.
• 16. Kirloskar Brothers Limited
• 17. Kobe Steel, Ltd.
• 18. MAN Energy Solutions SE by Volkswagen AG
• 19. Mitsubishi Heavy Industries, Ltd.
• 20. Relevant Industrial, LLC
• 21. ShenGu Group Co., Ltd
• 22. Siemens AG
• 23. SKF AB
• 24. Sundyne, LLC