Centrifugal Air Compressor Market - Opportunities, Demand Outlook and Revenue Forecasts to 2024
Category: #reports  By Rahul Varpe  Date: 2020-04-27
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Centrifugal Air Compressor Market - Opportunities, Demand Outlook and Revenue Forecasts to 2024

Rapid industrialization trends in oil & gas, healthcare, energy, manufacturing, and food & beverage sectors have also left a noticeable impact on the regional centrifugal air compressor industry trends. Taking into account the significant deployment of centrifugal air compressor in several types of power plants including hydroelectric, thermal, diesel-engine generators, and nuclear, it is expected that the regional centrifugal air compressor industry will witness remarkable growth prospects. 

According to reports, India and China are projected to establish over 50 and 160 new projects of thermal power units respectively in the forthcoming years which is overtly expected to have a perpetual impact on the growth of centrifugal air compressor industry. Based on these grounds, the industry analysts quoted Asia Pacific to be one of the most lucrative hubs for expansion of centrifugal air compressor industry having held the highest share in the year 2016 by generating over USD 3 billion in revenue.

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The overall Centrifugal Air Compressor Market is slated to depict a valuation of USD 7 billion by 2024, having registered a remuneration of USD 5.5 billion in 2016.

Market Growth Drivers –

  1. High automotive industry growth in Asia Pacific and the U.S.
  2. Rapid industrial growth in Asia Pacific
  3. Technological developments in the field of centrifugal air compressors

Given the massive deployment of centrifugal air compressor across myriad applications, the global centrifugal air compressor industry stands to gain rewardable proceeds in the coming years. Industry analysts further anticipate strategic collaborations and M&As to improve the profitability landscape and consumer base of this business sphere.

Centrifugal air compressor market, of late, has been witnessing tremendous growth prospects, the reason for which can be attributed to the plethora of innovations and product advancements across this business space. The role of compact and portable compressors in automotive, healthcare, food & beverage, and oil & gas industries has increased to quiet a commendable extent, owing to which several centrifugal air compressor industry players are launching application specific products with easy installation and usage.

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Top Companies: -

Atlas Copco, Kirloskar Pneumatic Company Limited, Sullair, LLC, Gardner Denver, Inc., Danfoss, Elliott Group, Shanghai Denair Compressor Co. Ltd, Kazancompressormash (HMS Group), Hitachi, Ltd, Ingersoll-Rand PLC., Dresser-Rand, General Electric, Kobelco Compressors America, Inc., Kaishan Group, Hertz Kompressoren

Split by product type, the market has been divided into: -

  1. Portable
  2. Stationary

The report includes a lot of details pertaining to the production, growth rate of each segment, remuneration, price, as well as segmental market share.

Split by End-user, the market has been divided into: -

  1. Food & Beverages
  2. Oil & Gas
  3. Energy
  4. Semiconductor & Electronics
  5. Manufacturing
  6. Healthcare

This report contains detailed information pertaining to the consumption of the product as well as market share of the application, alongside the growth rate of every application segment.

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What are the key takeaways of this report?

  1. A well-detailed evaluation of the pricing trends has been given in the report, pertaining to the product, application, as well as regional landscapes
  2. A well-detailed analysis of the vendor matrix alongside the important companies that will help to better understand the competitive scenario in the global market
  3. Important insights pertaining to the regulatory spectrum surrounding the industry, along with the investments by many shareholders in the global market
  4. A significantly deep evaluation of the many parameters propelling the overall market growth in combination with their influence on the projection as well as dynamics of the global market
  5. A detailed understanding of the numerous available growth opportunities in the global industry
  6. An extensive evaluation of the various trends prevailing in the global business space


About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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