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Expanding Manufacturing Facilities within Key End-user Segments Sustain the European Centrifugal Compressors Market, Finds Frost & Sullivan

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Expanding Manufacturing Facilities withinExpanding Manufacturing Facilities within Key End-user Segments Sustain the European Centrifugal Compressors Market, Finds Frost & Sullivan PR Newswire LONDON, Oct. 7, 2013 -- Demand from Eastern Europe and Scandinavia likely to drive growth The European centrifugal compressors market is expected to witness a period of steady growth as the region recovers from the economic downturn. The oil and gas, and power generation sectors are the key end users and increasing investments in gas-fired power plants are expected to drive the demand for centrifugal gas compressors in Europe. New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Strategic Analysis of the European Centrifugal Compressors Market, finds that the market earned revenues of $534.5 million in 2012 and estimates this to reach $583.0 million in 2017. The main end users covered in this research include the oil and gas, power generation, chemical processing, food and beverage, life sciences, and construction and mining. "The current economic situation in Europe has prompted numerous end users to shift their manufacturing facilities to Eastern Europe," said Frost & Sullivan Industrial Automation and Process Control Research Analyst Niranjan Paul. "This gives centrifugal compressor manufacturers an avenue for revenue generation in these high-growth areas, especially as the market in Central and Western Europe reaches maturity.
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Expanding Manufacturing Facilities within Key End-user Segments Sustain the European Centrifugal Compressors Market, Finds Frost & Sullivan

PR Newswire

-- Demand from Eastern Europe and Scandinavia likely to drive growth

The European centrifugal compressors market is expected to witness a period of steady growth as the region recovers from the economic downturn. The oil and gas, and power generation sectors are the key end users and increasing investments in gas-fired power plants are expected to drive the demand for centrifugal gas compressors in Europe.