How Big Is the Centrifugal Compressor Market | Industry Trends & Forecast 2025

Q: What is the current size and forecast of the centrifugal compressor market?

The market was valued at USD 11.8 billion in 2024 and is projected to reach USD 17.5 billion by 2031 at a CAGR of 5.8%.

Q: Which industries are driving growth?

Oil & gas, power generation, petrochemicals, and HVAC are major drivers.

Q: What are the key technological trends?

Digital monitoring, oil-free compression, and energy recovery systems are leading innovations.

Q: What are the challenges in the market?

High capital cost, maintenance complexity, and skilled labor shortages are major barriers.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA4773

Publication Date: Jul 2025

How big is the Centrifugal Compressor Market?

According to 6Wresearch internal database and industry insights, the Global Centrifugal Compressor Market was valued at approximately USD 11.8 billion in 2024 and is projected to reach USD 17.5 billion by 2031, growing at a CAGR of 5.8% during the forecast period.

This growth is driven by rising demand across oil & gas, power generation, HVAC, and industrial manufacturing sectors due to their high efficiency, compact size, and continuous operation capabilities.

Key Growth Drivers of the Centrifugal Compressor Market

Growing demand for energy-efficient and low-maintenance compression systems
Expansion of oil & gas activities, especially LNG infrastructure and midstream operations
Increased deployment in industrial applications such as petrochemicals, refineries, and air separation units
Rising use of centrifugal compressors in HVAC and refrigeration systems
Government investments in power and process industry infrastructure in emerging economies

Centrifugal Compressor Market Trends

Centrifugal compressor market is witnessing strong trends in modular designs, digital twin integration, and predictive maintenance adoption. To enable the manufactures to meet the regulatory requirements and the environmental requirements, they are resorted to noise reduction and aerodynamic optimization technologies. On production of carbon protein and hydrogen, high-capacity compressors are to be designed. Additionally, end-users are prioritizing compressors with integrated condition monitoring and cloud-based diagnostics to reduce downtime and improve lifecycle efficiency.

Emerging Developments in the Centrifugal Compressor Market

Emerging developments include the integration of AI for performance optimization, advanced vibration monitoring, and real-time operational data analytics. The centrifugal compressors are increasingly finding use in green energy productions like hydrogen and biogas plants. The trend is also toward oil-free systems plus magnetic bearing systems to achieve cleaner operations. OEMs and startups are putting money in solutions to remote commissioning, efficiency modeling, and maintenance alerts. Furthermore, R&D in lightweight alloy materials is enhancing compressor performance and reducing environmental impact.