Asia-Pacific Centrifugal Compressor Market Overview, Dynamics, Segments, Size
The centrifugal compressor market in Asia-Pacific is expected to grow at a CAGR of more than 4.5% during 2020 – 2025. Oil and gas is the major end-user industry for centrifugal compressors which is likely to drive the market in the forecast period. With growing power demand, the application of centrifugal compressors, and their demand in the power sector is likely to increase further. Natural gas-fired power plants are growing significantly, which requires gas at high pressure using compressors. On the other hand, the oil and gas industry, which is…
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