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Centrifugal Air Compressor Market Growth Drivers and Forecast Analysis by 2024

Author : Rahul Varpe | Published Date : 2019-11-08 

According to Global Market Insights, Centrifugal Air Compressor Market provides a comprehensive analysis of the Centrifugal Air Compressor industry segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Centrifugal Air Compressor industry.

Centrifugal air compressor market 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 market players are launching application specific products with easy installation and usage.

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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 Market 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. 

The robust expansion of the automotive industry in Asia Pacific has been the most significant factor stimulating regional centrifugal air compressor market share. Estimates claim the overall vehicle sales for Asia Pacific and the Middle East regions have rose to 43.4 million units in 2015 from 35.2 million units in 2010.

Centrifugal Air Compressor Market by End-user

  • Food & Beverages
  • Oil & Gas
  • Energy
  • Semiconductor & Electronics
  • Manufacturing
  • Healthcare
  • Others

Important pointers encompassed pertaining to the End-user spectrum:

  • The study is inclusive of significant data pertaining to the End-user spectrum.
  • The report encompasses the revenue forecast details of the End-user segments categories by the end of the anticipate duration.
  • The market share which each of the End-user segments account for are mentioned in the study.
  • Also, the most proliferating trends that the End-user spectrum is characterized by are also entailed.

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Considering the global automotive sales, in 2015, India, China, South Korea, and Japan accounted for over 40% of the total sales – a factor which validates the expansion of automotive industry in APAC. Considering these facts, analysts predict the remarkable growth of the automotive industry to have a rendering impact on the regional centrifugal air compressor market, given the continuous supply of high pressure compressed and instrument air for automobiles and manufacturing activities.

Key market players are: Hitachi Industrial Equipment Systems Co Ltd, Atlas Copco, Kobelco Compressors America, Inc., Kirloskar Pneumatic Company Limited, Dresser-Rand, HATCO company, etc.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. 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 online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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