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What’s Driving the Centrifugal Air Compressor Market Growth? Top Manufacturers are Atlas Copco, HATCO company, Hitachi, Kirloskar Pneumatic Co., Ltd., Kobelco Compressors, Inc., Dresser-Rand

11-12-2019 03:31 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Centrifugal Air Compressor Market

Centrifugal Air Compressor Market

Centrifugal Air Compressor Market forecast report now available with Global Market Insights encompasses an exhaustive study of this business space with regards to pivotal industry drivers, market share analysis, and the latest trends characterizing the Centrifugal Air Compressor industry landscape. This report also provides in detail, the market size, growth spectrum, and the competitive scenario of Centrifugal Air Compressor market in the forecast timeline.

Europe Centrifugal Air Compressor market is experiencing a high demand for such machines owing to the growing adoption of automated technologies. Countries including Italy, Germany, and France are moving toward automation and adopting several smart industrial solutions for manufacturing processes. Moreover, labor shortage in the region is also a factor, which is driving the adoption of mechanized products in farms. These machines are performing several farm activities with maximum accuracy and productivity, thereby encouraging the farmers to implement the mechanized technologies in their agricultural processes. The centrifugal air compressor market is anticipated to witness a high rise in the production capacity with competitors embracing advanced methods of manufacturing.

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The Centrifugal Air Compressor Market study put together by Global Market Insights delivers a concise outlook of the powerful trends driving market growth. This report also includes valuable information pertaining to market share, market size, revenue forecasts, regional landscape and SWOT analysis of the industry. The report further elucidates the competitive backdrop of key players in the market as well as their product portfolio and business strategies.

Centrifugal Air Compressor Market in Asia Pacific has generated over USD 3 billion revenue in 2016. The region held the largest share in 2016 and is projected to observe a parallel growth trend by 2024. The region's massive share will be accredited to the enormously growing manufacturing sector in China, Korea, India, Southeast Asian nations, etc. Centrifugal air compressors have been expansively used in various power, hydroelectric, nuclear, thermal, and power plants and diesel-engine generators.

Centrifugal Air Compressor Market by Product analysis:
• Portable
• Stationary

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https://www.gminsights.com/inquiry-before-buying/2185

Oil & gas exploration, particularly in South Africa and North America, will further drive the centrifugal air compressor market over the forecast period. Rising number of offshore oil rigs along with increasing chemical processing in developing countries will drive the market development during the forecast timeframe.

Significant industry participants are Atlas Copco, HATCO company, Hitachi Ltd., Kirloskar Pneumatic Co., Ltd., Kobelco Compressors, Inc., Dresser-Rand, etc. The centrifugal air compressor market players have been focusing on expansion through strategic acquisitions to attain the competitive superiority. For example, Sullair LLC was acquired by Hitachi in the second quarter of 2017. The company achieved significant synergies from this acquisition including the strong sales network of Sullair LLC in North America.

Related News: https://www.globenewswire.com/news-release/2017/11/20/1197351/0/en/Centrifugal-Air-Compressor-Market-to-hit-7bn-by-2024-Global-Market-Insights-Inc.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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com

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