Centrifugal Air Compressor Market Business Growth 2019-2024 By Regional Players
Category: #headlines  By Deepak Pardhi  Date: 2019-08-06
  • share
  • Twitter
  • Facebook
  • LinkedIn

Centrifugal Air Compressor Market Business Growth 2019-2024 By Regional Players

Automotive is one of the most significant industries driving considerable global centrifugal air compressor market share. These compressors are widely used in automobiles for ventilation and to supply compressed air to automobile parts. With growing number of manufacturing companies across the globe, ranging from large scale aerospace and automotive manufacturers to metal fabricators, the centrifugal air compressor market is certain to witness higher product demand in the coming years. According to reports, the robust expansion of the automotive industry in Asia Pacific has been the most significant factor stimulating regional centrifugal air compressor industry 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.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2185

Moreover, taking into account 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 rapid 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, 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. An instance hot off the press is of Atlas Copco, launching light weight mobile compressors especially designed for utility vehicles and other OEM applications.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2185

This advanced compressor is a multi-function machine which can deliver both air and power when equipped with optional generator. Industry analysts are further expecting these compact and portable air compressors to fit into more vehicle types and applications including highway works, which in turn is stimulating the commercialization potential and profitability landscape of the global centrifugal air compressor market. If reports are to be believed, the overall centrifugal air compressor market size was worth over USD 5.5 billion in 2016.

Apart from automotive, 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. 

Browse Report Summery @ https://www.gminsights.com/industry-analysis/centrifugal-air-compressor-market

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.

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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: https://www.gminsights.com/

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

...

Read More

More News By Deepak Pardhi

Indian Doors Market | Regional Growth Forecast 2019-2024
Indian Doors Market | Regional Growth Forecast 2019-2024
By Deepak Pardhi

KONE is considered as one of the forerunners in bringing eco-friendly to the Indian doors industry. The company offers a full range of industrial doors, loading bays, barriers, shutters for commercial and residential housing complexes. Reliable opera...

Compressed Air Treatment Equipment Market 2019 By Regional Statistics, CAGR, Trend & Growth Forecast To 2024
Compressed Air Treatment Equipment Market 2019 By Regional Statistics, CAGR, Trend & Growth Forecast To 2024
By Deepak Pardhi

Atlas Copco, the Swedish giant, that is claimed to constitute almost one tenth of the competitive spectrum of compressed air treatment equipment market, has undertaken a plethora of acquisitions over the recent years, to expand its geographical reach...

Flooring Market 2019 | Insights & Forecast Research Report 2024
Flooring Market 2019 | Insights & Forecast Research Report 2024
By Deepak Pardhi

Flooring Market size 2019-2024 report, added by Global Market Insights, unveils the current & future growth trends of this business sphere in addition to outlining details regarding the myriad geographies that form a part of the regional spectrum...