Centrifugal Compressor Market Size, Share, and Trends 2024 to 2034

The global centrifugal compressor market size is calculated at USD 4.54 billion in 2025 and is forecasted to reach around USD 7.88 billion by 2034, accelerating at a CAGR of 6.31% from 2025 to 2034. The North America market size surpassed USD 1.54 billion in 2024 and is expanding at a CAGR of 6.46% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 5460
  • Category : Machinery and Equipment

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Centrifugal Compressor Market 

5.1. COVID-19 Landscape: Centrifugal Compressor Market Industry Impact

5.2. COVID-19 - Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Centrifugal Compressor Market, By Product

8.1. Centrifugal Compressor Market Revenue and Volume, by Product

8.1.1 Single-Stage

8.1.1.1. Market Revenue and Volume Forecast 

8.1.2. Multistage

8.1.2.1. Market Revenue and Volume Forecast 

Chapter 9. Global Centrifugal Compressor Market, By Discharge Pressure

9.1. Centrifugal Compressor Market Revenue and Volume, by Discharge Pressure

9.1.1. Below 20 Bars

9.1.1.1. Market Revenue and Volume Forecast 

9.1.2. Between 20 and 200 Bars

9.1.2.1. Market Revenue and Volume Forecast 

9.1.3. Between 200 and 400 Bars

9.1.3.1. Market Revenue and Volume Forecast 

9.1.4. Above 400 Bars

9.1.4.1. Market Revenue and Volume Forecast 

Chapter 10. Global Centrifugal Compressor Market, By End User

10.1. Centrifugal Compressor Market Revenue and Volume, by End User

10.1.1. Oil and Gas

10.1.1.1. Market Revenue and Volume Forecast 

10.1.2. Power Sector

10.1.2.1. Market Revenue and Volume Forecast 

10.1.3. Petrochemical and Chemical Industries

10.1.3.1. Market Revenue and Volume Forecast 

10.1.4. Others

10.1.4.1. Market Revenue and Volume Forecast 

Chapter 11. Global Centrifugal Compressor Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Product 

11.1.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.1.3. Market Revenue and Volume Forecast, by End User 

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Product 

11.1.4.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.1.4.3. Market Revenue and Volume Forecast, by End User 

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Product 

11.1.5.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.1.5.3. Market Revenue and Volume Forecast, by End User 

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Product 

11.2.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.2.3. Market Revenue and Volume Forecast, by End User 

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Product 

11.2.4.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.2.4.3. Market Revenue and Volume Forecast, by End User 

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Product 

11.2.5.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.2.5.3. Market Revenue and Volume Forecast, by End User 

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Product 

11.2.6.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.2.6.3. Market Revenue and Volume Forecast, by End User 

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Product 

11.2.7.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.2.7.3. Market Revenue and Volume Forecast, by End User 

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Product 

11.3.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.3.3. Market Revenue and Volume Forecast, by End User 

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Product 

11.3.4.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.3.4.3. Market Revenue and Volume Forecast, by End User 

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Product 

11.3.5.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.3.5.3. Market Revenue and Volume Forecast, by End User 

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Product 

11.3.6.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.3.6.3. Market Revenue and Volume Forecast, by End User 

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Product 

11.3.7.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.3.7.3. Market Revenue and Volume Forecast, by End User 

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Product 

11.4.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.4.3. Market Revenue and Volume Forecast, by End User 

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Product 

11.4.4.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.4.4.3. Market Revenue and Volume Forecast, by End User 

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Product 

11.4.5.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.4.5.3. Market Revenue and Volume Forecast, by End User 

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Product 

11.4.6.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.4.6.3. Market Revenue and Volume Forecast, by End User 

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Product 

11.4.7.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.4.7.3. Market Revenue and Volume Forecast, by End User 

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Product 

11.5.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.5.3. Market Revenue and Volume Forecast, by End User 

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Product 

11.5.4.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.5.4.3. Market Revenue and Volume Forecast, by End User 

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Product 

11.5.5.2. Market Revenue and Volume Forecast, by Discharge Pressure 

11.5.5.3. Market Revenue and Volume Forecast, by End User 

Chapter 12. Company Profiles

12.1. Siemens

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. MAN Energy Solutions SE

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Baker Hughes Co.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Atlas Copco AB

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Howden Group

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Ingersoll-Rand PLC

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Sullair, LLC

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Kobe Steel Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Mitsubishi Heavy Industries

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Sundyne

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global centrifugal compressor market size is expected to grow from USD 4.27 billion in 2024 to USD 7.88 billion by 2034.

The centrifugal compressor market is anticipated to grow at a CAGR of 6.31% between 2025 and 2034.

The major players operating in the centrifugal compressor market are Siemens, MAN Energy Solutions SE, Baker Hughes Co., Atlas Copco AB, Howden Group, Ingersoll-Rand PLC, Sullair, LLC, Kobe Steel Ltd., Mitsubishi Heavy Industries, Sundyne, and Others.

The driving factors of the centrifugal compressor market are the rising demand for the use of energy-efficient and low-emission compressor systems is mainly driving the industrial sector.

North America region will lead the global centrifugal compressor market during the forecast period 2025 to 2034.

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