India Centrifugal Compressor Market (2017-2023) | Size, Share, Growth, Analysis, Forecast, Trends, Value, Outlook & Segmentation

Market Forecast By Technology (Centrifugal Gas Compressor and Centrifugal Air Compressor), By Sub-Segment (Single Stage Centrifugal Gas Compressor, Multi-Stage Centrifugal Gas Compressor, Single Stage Centrifugal Air Compressor and Multi-Stage Centrifugal Air Compressor), By Applications (Oil & Gas, Power, Petrochemical, Chemical and Fertilizers, and Others) and Competitive Landscape

Product Code: ETC000413 Publication Date: Nov 2021 Updated Date: May 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 27 No. of Tables: 3

Latest 2023 Developments of the India Centrifugal Compressor Market

India Centrifugal Compressor Market has been an optimistic market because of the increasing demand for the product in different industries. The manufacturers are developing new designs to increase safety, durability, and life expectancy by implementing oil-free and pulsation-free equipment. The development of the ZR VSD+ (Variable Speed Drive) technology from VSD has enabled the motor to adjust which eventually increases the efficiency of the product. Further, the companies are also developing carbon-neutral alternatives to reduce the carbon emission up to 50% from the product.

Merger and Acquisitions:

  • On 28 September, Atlas Copco acquired AEP, a French distributor of compressors. This acquisition will help Atlas Copco to better serve their customer because AEP has highly qualified service technicians.
  • On 25 May, Siemens Energy and IRENA (International Renewable Energy Agency) signed a partnership agreement based on renewable energy projects to support climatic actions.

India Centrifugal Compressor Market Synopsis

The market for centrifugal compressors is projected to post substantial growth over the coming years primarily due to the rise in a number of industries such as oil & gas, steel, and cement as well as increasing government initiatives on providing energy-efficient solutions. Additionally, the Centrifugal compressors market is expected to witness the highest India centrifugal compressor market forecast period revenues over the coming years owing to certain key features such as energy efficiency and noiseless operation.

According to 6Wresearch, India's centrifugal compressor market size is projected to grow at a CAGR of 4.7% during 2017-23. Rising environmental & safety regulations, efficient use of energy along robust industrial growth is expected to propel the market of centrifugal compressors in the country. India's centrifugal compressors market is also registering potential demand for high-capacity compressors, providing ample opportunities for global companies to penetrate the market.

India Centrifugal Compressor Market (2017-2023) Overview

The oil & gas industry recorded the highest India centrifugal compressor market share in 2016 and is further likely to enhance the demand for centrifugal compressors during the forecast period on the back of the rising adoption of several practices primarily from the injection of high-pressure gas for oil recovery. India's overall industrial sector grew at over 7% during FY 2015-17; wherein, the manufacturing and electricity, gas, water supply, and other utility services sub-sectors collectively enjoyed 10% growth. The growth registered in these areas would spur the market demand for centrifugal compressors.

The India centrifugal compressor market report thoroughly covers the centrifugal compressors market by compressor technology, compressor type, and end-user. The India centrifugal compressor market outlook report provides an unbiased and detailed analysis of the India Centrifugal Compressor Market trends, opportunities/ high growth areas, and market drivers, which would help stakeholders to decide and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• India Centrifugal Compressor Market Overview
• India Centrifugal Compressor Market Outlook
• Market Dynamics Including Drivers, Restraints, Opportunity For India Centrifugal Compressors Market
• Historical Market Revenue Trend of India Centrifugal Compressors Market, 2014–2016
• India Centrifugal Compressor Market Size and India Centrifugal Compressor Market Forecast of Revenues Until 2023
• Historical Trend of India Centrifugal Compressor Market Revenues, By Type, 2014–2016
• Market Size and Forecast of India Centrifugal Compressor Market Revenues, By Type, Until 2023
• Historical Market Revenue Trend of India Centrifugal Compressors Market, By Technology, 2014–2016
• Market Size and Revenue Forecast of India Centrifugal Compressors Market, By Technology, Until 2023
• Historical Market Revenue Trend of India Centrifugal Compressors Market, By End User, 2014–2016
• Market Revenue Forecast and Estimations India Centrifugal Compressors Market, By End User, Until 2023
• India Centrifugal Compressor Market Trends
• Industry Life Cycle and Value Chain Analysis
• India Centrifugal Compressor Market Share by Players
• India Centrifugal Compressor Market Overview Competitive Benchmarking and Company Profiles
• Key Strategic Pointers

Markets Covered

The India centrifugal compressor market report provides a detailed analysis of the following market segments:-

By Technology:

  • Centrifugal Gas Compressor
  • Centrifugal Air Compressor

By Sub-Segment:

  • Single Stage Centrifugal Gas Compressor
  • Multi-Stage Centrifugal Gas Compressor
  • Single Stage Centrifugal Air Compressor
  • Multi-Stage Centrifugal Air Compressor

By Application:

  • Oil & Gas
  • Power
  • Petrochemical, Chemical, and Fertilizers
  • Others
India Centrifugal Compressor Market: FAQs
Oil & Gas, Power, Petrochemical, Chemical, and Fertilizers and others are the various applications of the market.
The rise in a number of industries such as oil & gas, steel, and cement as well as increasing government initiatives are leading to the growth of the market.
Single Stage Centrifugal Gas Compressor, Multi-Stage Centrifugal Gas Compressor, Single Stage Centrifugal Air Compressor and Multi-Stage Centrifugal Air Compressor are the sub segments of the market.
Yes. The report covers the recent updates of the market.
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.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
????2.1 Key Highlights of the Report
????2.2 Report Description
????2.3 Market Scope & Segmentation
????2.4 Assumptions & Methodology
3 India Centrifugal Compressors Market Overview
????3.1 India Centrifugal Compressors Market Revenues (2014-2023F)
????3.2 India Centrifugal Compressors Market Overview (2014-2023F)
????3.3 India Centrifugal Compressors Industry Life Cycle
????3.4 India Centrifugal Compressors Market Opportunistic Matrix
????3.5 India Centrifugal Compressors Market Value Chain Analysis
????3.6 India Centrifugal Compressors Market Revenue Share, By Technology (2016 & 2023F)
????3.7 India Centrifugal Compressors Market Revenue Share, By End User (2016 & 2023F)
????3.8 India Centrifugal Compressors Market Industrial Applications
4 India Centrifugal Compressors Market Dynamics
????4.1 Impact Analysis
????4.2 Market Drivers
????4.3 Market Restraints
????4.4 Porter's Five Forces
5 India Centrifugal Compressors Market Trends
6 India Centrifugal Compressors Market By Type
????6.1 India Centrifugal Compressors Market Revenues, By Air and Gas Compressors (2014-2023F)
7 India Centrifugal Compressors Market, By Technology
????7.1 India Centrifugal Air Compressors Market Revenues, By Single Stage & Multi-Stage Compressor (2014-2023F)
????7.2 India Centrifugal Gas Compressors Market Revenues, By Single Stage & Multi-Stage Compressor (2014-2023F)
8 India Centrifugal Air Compressors Market, By End Users
????8.1 India Air Centrifugal Compressors Market Revenues, By Oil & gas Industry (2014-2023F)
????8.2 India Air Centrifugal Compressors Market Revenues, By PCF Industry (2014-2023F)
????8.3 India Air Centrifugal Compressors Market Revenues, By Power Industry (2014-2023F)
????8.4 India Air Centrifugal Compressors Market Revenues, By Other Industries (2014-2023F)
9 India Centrifugal Gas Compressors Market, By End Users
????9.1 India Gas Centrifugal Compressors Market Revenues, By Oil & gas Industry (2014-2023F)
????9.1 India Gas Centrifugal Compressors Market Revenues, By PCF Industry (2014-2023F)
????9.2 India Gas Centrifugal Compressors Market Revenues, By Power Industry (2014-2023F)
????9.2 India Gas Centrifugal Compressors Market Revenues, By Other Industries (2014-2023F)
10 Competitive Landscape
????10.1 India Centrifugal Compressors Market Revenue Share, By Players (2016)
????10.2 India Centrifugal Compressors Market Competitive Benchmarking, By Technology
11 Company Profiles
????11.1 Kirloskar Pneumatic Company Limited
????11.2 Siemens India Limited
????11.3 General Electric (GE)
????11.4 Atlas Copco (India) Limited
????11.5 Ingersoll-Rand (India) Limited
????11.6 Bharat Heavy Electrical Limited
????11.7 Elgi Equipments Limited
????11.8 FS Compressors India Pvt. Limited
12 Key Strategic Notes
13 Disclaimer
List of Figures
1 India Centrifugal Compressors Market Revenues, 2014-2023F ($ Million)
2 India Centrifugal Compressors Industry Life Cycle
3 Value Chain Analysis of India Centrifugal Compressors Market
4 India Centrifugal Compressors Market Revenue Share, By Technology (2016)
5 India Centrifugal Compressors Market Revenue Share, By Technology (2023F)
6 India Centrifugal Gas Compressors Market Revenue Share, By End User (2016)
7 India Centrifugal Gas Compressors Market Revenue Share, By End User (2023F)
8 India Centrifugal Air Compressors Market Revenue Share, By End User (2016)
9 India Centrifugal Air Compressors Market Revenue Share, By End User (2023F)
10 India Centrifugal Compressors Market By Air Compressor, 2014-2023F ($ Million)
11 India Centrifugal Compressors Market By Gas Compressor, 2014-2023F ($ Million)
12 India Centrifugal Air Compressors Market Revenues, By Single Stage Compressor, 2014-2023F ($ Million)
13 India Centrifugal Air Compressors Market Revenues, By Multi-Stage Compressor, 2014-2023F ($ Million)
14 India Centrifugal Gas Compressors Market Revenues, By Single Stage Compressor, 2014-2023F ($ Million)
15 India Centrifugal Gas Compressors Market Revenues, By Multi-Stage Compressor, 2014-2023F ($ Million)
16 India Centrifugal Air Compressors Market Revenues, By Oil & Gas Industry, 2014-2023F ($ Million)
17 Refined Petroleum Products Output, Consumption, and Net Exports (MMT)
18 India Centrifugal Air Compressors Market Revenues, By PCF, 2014-2023F ($ Million)
19 India Centrifugal Air Compressors Market Revenues, By Power Industry, 2014-2023F ($ Million)
20 Electricity Production in India, 2010-2016 (Billion Units)
21 India Installed Electricity Generation Capacity, 2010-2016 (In Gigawatt)
22 India Centrifugal Air Compressors Market Revenues, By Other Industries, 2014-2023F ($ Million)
23 India Centrifugal Gas Compressors Market Revenues, By Oil & Gas 2014-2023F ($ Million)
24 India Centrifugal Gas Compressors Market Revenues, By PCF 2014-2023F ($ Million)
25 India Centrifugal Gas Compressors Market Revenues, By Power 2014-2023F ($ Million)
26 India Centrifugal Gas Compressors Market Revenues, By Other Industries 2014-2023F ($ Million)
27 India Centrifugal Gas Compressors Market Revenue Share, By Companies (2016)
List of Tables
1 Production, Installed Capacity & Growth of Selected Major Chemicals, 2013-2016 (000' MT)
2 All India Demand Forecast of Fertilizer Products (000' MT)
3 India Centrifugal Compressors Market Players Revenues (2016)
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