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By 2024, Centrifugal Air Compressor Market is Expected to Witness A Significant Growth

Author : Rahul Varpe | Published Date : 2019-11-21 

A comprehensive research study on Centrifugal Air Compressor Market introduced by Global Market Insights provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of centrifugal air compressor market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

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.

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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.

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.

Centrifugal Air Compressor Market by End-user

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

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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. 

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.

Related News: 1. https://shindevinayak.kinja.com/industrial-air-filtration-market-current-analysis-g-1839981661?rev=1574354818547

2. https://www.tradove.com/blog/Industrial-Air-Filtration-Market-is-Expected-to-Witness-Exponential-Rise-over-2019-2025.html

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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