Global Centrifugal Air Compressor Market

Global Centrifugal Air Compressor Market Size, Share, Growth Analysis, By Product(Portable, and Stationary), By Casing(Horizontally Split, and Vertically Split) - Industry Forecast 2024-2031

Report ID: SQMIG20I2234 | Region: Global | Published Date: February, 2024
Pages: 202 | Tables: 61 | Figures: 75

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Global Centrifugal Air Compressor Market size was valued at USD 10.20 Billion in 2021 and is poised to grow from USD 10.35 Billion in 2022 to USD 11.66 Billion by 2030, at a CAGR of 1.5% during the forecast period (2023-2030).

The competitive landscape of the centrifugal air compressor market is characterized by the presence of several global and regional players, each vying for market share in this dynamic industry. Some of the prominent companies in this market include Atlas Copco, Ingersoll Rand, Siemens AG, Gardner Denver Holdings, and Kobe Steel Ltd., among others. These companies are renowned for their innovation, product quality, and comprehensive range of centrifugal air compressors catering to diverse industries such as manufacturing, oil and gas, petrochemicals, and energy. 'Atlas Copco', 'Ingersoll Rand', 'Siemens AG', 'Gardner Denver Holdings (now part of Ingersoll Rand)', 'Kobe Steel Ltd. (Kobe Compressors)', 'Howden Group Ltd.', 'Sullair (a subsidiary of Hitachi)', 'Kobelco Compressors America, Inc.', 'FS-Elliott Co., LLC', 'Kaeser Kompressoren SE', 'Elliott Group', 'Hitachi Industrial Equipment Systems Co., Ltd.', 'MAN Energy Solutions', 'Anest Iwata Corporation', 'Bauer Kompressoren Group', 'Quincy Compressor (a subsidiary of IDEX Corporation)', 'Corken, Inc.', 'Sundyne LLC', 'Boge Kompressoren', 'Doosan Portable Power'

The growth of various industries, consisting of manufacturing, oil and gasoline, petrochemicals, and electricity, drives the demand for compressed air answers, along with centrifugal air compressors.

Energy Efficiency Emphasis: Energy efficiency became a prominent fashion, with industries an increasing number of searching for to lessen electricity intake and decrease operational fees. Centrifugal air compressors, recognized for his or her excessive strength efficiency, had been in demand as agencies aimed to meet sustainability goals and observe stringent environmental policies.

The centrifugal air compressor market demonstrates notable regional disparities, with distinct leaders in terms of market size and influence. Asia-Pacific emerges as the largest and most significant region in this industry. Within Asia-Pacific, China holds a dominant position as a major player in the centrifugal air compressor market. China's robust manufacturing sector, expanding industrial base, and the continual growth of key industries such as manufacturing, energy, and construction have driven substantial demand for centrifugal air compressors.This fashion is likewise attributed to the united states's growing attention on energy efficiency and environmental sustainability.

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