Centrifugal Air Compressor Market Overview, Growth, and Oppotunities by 2031

MARKET INTRODUCTION

Centrifugal air compressors are also known as radial air compressors. The growing demand for centrifugal air compressors due to their lower maintenance cost, longer lifespan, and the ability to provide high flow. Centrifugal air compressors are extensively used in energy, manufacturing, semiconductor & electronics, food & beverage, and healthcare applications, which fueling the growth of the centrifugal air compressor market during the forecast period.

MARKET DYNAMICS

The centrifugal air compressors market is obtaining popularity due to the increase in the uptake of newer oil and gas projects and increasing demand from the food & beverage industry. However, the availability of alternative air compressors such as reciprocating is one of the major restraints for the centrifugal air compressor market growth. Further, technological advancements and growing industrial sectors in emerging economies such as India, China, Brazil, Japan, and others are expected to provide ample growth of opportunities for the centrifugal air compressor market in the coming years.

MARKET SCOPE

The "Global Centrifugal Air Compressor Market Analysis to 2031" is a specialized and in-depth study of the centrifugal air compressor industry with a special focus on the global market trend analysis. The report aims to provide an overview centrifugal air compressor market with detailed market segmentation as product, casing, end-user, and geography. The global centrifugal air compressor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading centrifugal air compressor market players and offers key trends and opportunities in the centrifugal air compressor market.

MARKET SEGMENTATION

The global centrifugal air compressor market is segmented on the basis of product, casing, end-user. On the basis of product the market is segmented as portable, stationary. On the basis of casing the market is segmented as horizontally split, vertically split. On the basis of end-user the market is segmented as chemical and petrochemical, food and beverages, oil and gas, energy, manufacturing, healthcare, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Centrifugal air compressor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The centrifugal air compressor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting centrifugal air compressor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the centrifugal air compressor market in these regions.

MARKET PLAYERS

The reports cover key developments in the centrifugal air compressor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from centrifugal air compressor market are anticipated to lucrative growth opportunities in the future with the rising demand for centrifugal air compressor in the global market. Below mentioned is the list of few companies engaged in the centrifugal air compressor market.

The report also includes the profiles of key centrifugal air compressor companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Atlas Copco
•   Danfoss
•   Elliott Group
•   Hertz Kompressoren
•   Hitachi Ltd.
•   Howden Group
•   Ingersoll-Rand plc
•   Kirloskar Pneumatic Company Limited
•   Kobe Steel, Ltd.
•   Mitsubishi Heavy Industries, Ltd.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Centrifugal Air Compressor Report Scope