Market Size
The Global Centrifugal Compressors Market reached USD 4.5 billion in 2025 and is expected to reach USD 7.15 billion by 2033 and is expected to grow at a CAGR of 4.23% during the forecast period 2026-2033
Centrifugal compressors are radial compressors that convert kinetic energy to potential energy/static pressure. These compressors are available in axial and radial split units. The centrifugal compressors run at speeds between 20,000 and 30,000 RPM. These compressors are driven by either engine or a turbine. Centrifugal compressors are used for plant air compression and air separation industries. These compressors are useful in small gas turbines.
Market Summary
| Metrics | Details |
| Market CAGR | 4.23% |
| Segments Covered | By Product Type, By End-Users, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
To Get a Free Sample Click here
Market Dynamics
The market is driven by the rising demand for centrifugal compressors in the petrochemical industry due to their advantages such as smooth operation, large tolerance of process fluctuations, and higher reliability in comparison to the other types of compressors. The centrifugal compressors are easily automated for remote operations, easily skid-mounted, and self-contained. The centrifugal compressors are an ideal choice in comparison to the reciprocating compressors due to the lower initial costs, and lower maintenance costs of centrifugal compressors.
There is an increase in the launch of centrifugal compressors. For instance, in January 2020, Ingersoll Rand launched the new generation of MSG Turbo-Air 2000 Centrifugal Compressor for the Indian market. MSG TURBO-AIR 2000 can cater to flow capacity from 505 CFM to 1700 CFM with a pressure range from 3.5 Barg to 10 Barg. The new compressor ensures zero oil contamination and is powered by Ingersoll Rand’s technology which offers high reliability, better efficiencies, and ease of operations.
In October 2018, ATLAS Copco launched the ZH 1000-3150 oil-free centrifugal air compressor which is designed to meet the needs of the air separation industry for a larger centrifugal air compressor delivered in a standard package. The ZH 1000-3150 oil-free centrifugal air compressor provides the optimum combination of high flow and low energy consumption. It is an all-in-one oil-free air compressor with all the elements including the internal piping, coolers, motor, lubrication, inlet guide vanes, and control system supplied in a standard package in a built-to-last design. It is easy to install. Moreover, its commissioning is quick. It is comprised of optional features that provide customization to a specific production environment. The ZH 1000-3150 allows a turndown of over 25% before blow-off, maximizing energy savings and minimizing operating costs.
The market is witnessing technological advancement in the development of centrifugal compressors. For instance, in May 2015, GE Oil & Gas developed the next-generation roots advanced efficiency centrifugal compressor to significantly boost the energy efficiency of industrial air/gas and wastewater applications. This compressor would help the operators to reduce plant energy consumption.
Market Segment Analysis
The global centrifugal compressors market is segmented based on the product type as single-stage centrifugal compressors and multi-stage centrifugal compressors. The single-stage centrifugal compressors segment is expected to have a significant market share of XX% in 2019. There is growing adoption of single-stage centrifugal compressors for various applications such as petrochemicals, refineries, and oil & gas. The single-stage centrifugal compressors comprised of the beam design or an overhung impeller arrangement. These compressors are the combination of one impeller with its associated inlet guide vane and diffuser. The single-stage centrifugal compressors have ease of maintenance and are simple. These centrifugal compressors have rigid construction for lower maintenance requirements and less time required to replace parts.
The multi-stage centrifugal compressors segment is expected to have positive market growth over the forecasted period. The multi-stage centrifugal compressors are useful for compression solutions in low, medium, and high-pressure services such as low-molecular-weight gases and refrigeration industries.
Further, the market is also classified based on end-users as oil and gas, power sector, petrochemical and chemical industries, and others. The oil and gas segment accounts for the highest market share due to the higher usage of centrifugal compressors in the oil and gas industries. There is a rising availability of highly reliable centrifugal compressors optimized for efficiency and compliance with the industry’s toughest standards. There is high usage of centrifugal compressors in a large number of different compression applications in oil and gas. The centrifugal compressors are designed to operate in harsh environments found in critical production processes. The centrifugal compressors are comprised of lower installation and maintenance costs.
Market Geographical Share
By region, the global centrifugal compressors market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia-Pacific dominated the global centrifugal compressors market and is expected to grow at the highest CAGR during the forecasted period as there is high growth in the oil& gas and power industries. There is growing development of the infrastructures for the oil& gas and power industries with the growing power demand. There is a growing development of power generation plants, especially gas-fired generation plants. China accounts for the highest market share of XX% in 2019 owing to the high usage of centrifugal compressors for powering the long-distance natural gas pipeline. According to the National Development and Reform Commission, China has 112,000 kilometers of oil and gas pipelines and the country would need to build another 128,000 kilometers of pipeline in the next few years. The pipeline networks for crude oil and refined oil are expected to be expanded to 37,000 kilometers and 40,000 kilometers by 2025. The increasing number of floating production storage and offloading (FPSOs) projects shall boost the demand for centrifugal compressors.
Companies and Competitive Landscape
The global centrifugal compressors market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Atlas Copco, Siemens, Elliott Group, Ingersoll Rand, Hitachi Ltd., MAN Energy Solutions, GE Oil & Gas, and Air Products and Chemicals Inc. are the leading market players with significant market shares. In November 2014, GE Oil & Gas received the award of a contract by Shandong Electric Power Construction Corp (SEPCO) to manufacture and assist with the commissioning and start-up of 12 high-efficiency gas compression trains, each consisting of an aero-derivative gas turbine and a pipeline centrifugal compressor, for the Master Gas System Expansion Project in Saudi Arabia.
The major players are using product development, novel product launch, market expansion, capacity utilization, contracts, and product diversification strategies for holding their position in the market. For instance, in June 2016, Atlas Copco expanded its range of ZH and ZH+ oil-free centrifugal compressors to offer industrial process plants substantial energy savings and a wider range of flows and pressures. In August 2013, Atlas Copco launched the new Atlas Copco’s ZH 355+ – 900+ oil-free centrifugal compressor range that employs advanced aerodynamics to reduce energy consumption in the core.
In January 2013, GE Oil & Gas received the contract for the supply of four complete, variable frequency drive high-speed electric motor and centrifugal compressor packages for Total E&P Norge’s new offshore production platform on the Martin Linge oil and gas field. The area is located 150 kilometers off the coast of Norway in the North Sea.
Several companies are entering into collaborations, acquisitions, mergers, licensing, and agreements for centrifugal compressors. For instance, in July 2019, Arcline Investment Management signed a definitive agreement to acquire the reciprocating compression division of Baker Hughes, a GE Company (BHGE). Its portfolio includes gas compression products and services, including heavy-duty and aero-derivative gas turbines, steam turbines, centrifugal compressors, expanders, pumps, valves, fuel gas systems, gearboxes, and pre-commissioning and maintenance services.
In November 2014, GE Oil & Gas received the award of a contract by Shandong Electric Power Construction Corp (SEPCO) to manufacture and assist with the commissioning and start-up of 12 high-efficiency gas compression trains, each consisting of an aero-derivative gas turbine and a pipeline centrifugal compressor, for the Master Gas System Expansion Project in Saudi Arabia.
In August 2014, Ingersoll Rand acquired Cameron International Corp.'s centrifugal compressors business for $850 million. This acquisition would help in expanding Ingersoll's markets for industrial compressors.
Recent Developments:
- On March 5, 2026, Siemens Energy announced the expansion of its digital compressor solutions integrating Industrial IoT and predictive maintenance platforms to enhance operational efficiency in centrifugal compressors. The development focuses on reducing downtime and improving lifecycle performance across oil & gas, hydrogen, and power generation applications, aligning with the growing adoption of smart industrial systems.
- On January 18, 2026, Atlas Copco introduced next-generation energy-efficient centrifugal compressors designed for large-scale industrial and HVAC applications. The new systems emphasize reduced energy consumption and improved reliability, supporting industries facing stricter environmental and energy-efficiency regulations.
- On November 22, 2025, Ingersoll Rand expanded its compressor portfolio through strategic acquisitions aimed at strengthening its presence in high-growth regions and enhancing aftermarket service capabilities. The move reflects ongoing consolidation trends in the compressor market, where companies are leveraging M&A to broaden product offerings and service networks.
- On September 14, 2025, Baker Hughes announced advancements in centrifugal compressor technologies tailored for LNG and hydrogen applications. The innovation supports the global energy transition, focusing on high-efficiency compression solutions required for cleaner energy infrastructure.
- On July 9, 2025, GE Vernova strengthened its turbomachinery segment by enhancing centrifugal compressor systems for gas transmission and storage. The initiative aims to improve operational efficiency and reduce emissions in natural gas and power generation sectors.
- On May 28, 2025, MAN Energy Solutions expanded its service agreements and digital monitoring capabilities for centrifugal compressors, focusing on predictive analytics and lifecycle optimization to meet increasing industrial demand for reliability and performance.
- On March 3, 2025, Ebara Corporation launched advanced oil-free centrifugal compressors designed for clean industries such as pharmaceuticals and food processing. The development supports the growing demand for contamination-free and energy-efficient compression systems.
- On February 11, 2025, ELGi Equipments Limited announced a strategic business expansion and new product rollout to strengthen its position in the global compressor market amid rising competition and increasing demand for cost-effective solutions.
