Press release
Compressor Wheel Market is projected to achieve a market value of $4,334.6 million by 2030, reflecting a robust CAGR of 4.8%
Compressor Wheel
Download Sample PDF
https://www.alliedmarketresearch.com/request-sample/A08296
Drivers, restraints, and opportunities-
Enactment of stringent emission norms and increase in demand for high-power vehicles drive the growth of the global compressor wheel market. On the other hand, surge in demand for electric vehicles restrain the growth to some extent. However, advancements in the realm of material handlings are projected to pave the way for lucrative opportunities in the industry.
COVID-19 scenario-
The outbreak of the pandemic gave way to distorted manufacturing activities of automobile engines, thereby impacting the global compressor wheel market negatively, especially during the initial phase of the lockdown.
However, the situation is gradually coming under control, and the market is anticipated to recover soon.
The aluminum segment to dominate by 2030-
Based on material, the aluminum segment contributed to more than three-fourths of the global compressor wheel market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also register the fastest CAGR of 5.0% throughout the forecast period. This is attributed to its properties such as light weight and ductility.
Buy Now this Report @checkout link
https://www.alliedmarketresearch.com/checkout-final/f8f938aca4b366574d239d5d7fbf39f9
The automotive engine segment to maintain the dominant share-
Based on application, the automotive engine segment accounted for more than two-thirds of the global compressor wheel market revenue in 2020, and is expected to lead the trail by 2030, due to growing utilization of compressor wheels in turbochargers of automobile engines. The stationary engine segment, however, would register at the fastest CAGR of 5.1 % during the forecast period, owing to rapid industrialization in emerging economies.
Europe, followed by Asia-Pacific and North America, garnered the major share in 2020-
Based on region, Europe, followed by Asia-Pacific and North America garnered the major share in 2020, holding nearly two-fifths of the global compressor wheel market, due to large scale manufacturing of automotive products in the province. However, the market across LAMEA would cite the fastest CAGR of 5.8% from 2021 to 2030. Industrialization in the developing countries in the region propels the market growth.
Key players in the industry-
Doncasters Group, Garrett Motion Inc., Wabtec Corporation, KTS, Melett Ltd., Owen Developments, Turbotech Precision Products Ltd., BorgWarner Inc., UACJ Corporation, Nelcon Motor Company
Request For Purchase Enquiry at:
https://www.alliedmarketresearch.com/purchase-enquiry/A08296
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Similar Reports
Micro Motor Market
https://www.alliedmarketresearch.com/micro-motor-market-A12183
Carbide Tools Market
https://www.alliedmarketresearch.com/carbide-tools-market-A12510
Metalworking Tool Holder Market
https://www.alliedmarketresearch.com/metalworking-tool-holder-market-A12520
Blind Bolts Market
https://www.alliedmarketresearch.com/blind-bolts-market-A11840
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Compressor Wheel Market is projected to achieve a market value of $4,334.6 million by 2030, reflecting a robust CAGR of 4.8% here
News-ID: 3430684 • Views: …
More Releases from Allied market research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Compressor
Refrigeration Compressor Market Thriving Worldwide: Emerson, GMCC, Huayi Compres …
Latest Study on Industrial Growth of Global Refrigeration Compressor Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Refrigeration Compressor market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends…
Refrigeration compressor purchase
Refrigeration compressor purchase Compressor selection is the first step in the establishment of a refrigeration system. Choosing a suitable refrigeration compressor can neither have excess power nor insufficient cooling capacity, which can lead to an increase in power consumption. It must be more suitable for the local environment. In this article, the editor will share with you the selection principles of refrigeration compressors.
First: Select the compressor according to the…
Oil Free Compressor Market (Oil-Free Compressor, Oil-Free Air Compressor) Key Pl …
Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) industry with a focus on the Chinese market. The report provides key statistics on the market status of the Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) manufacturers and is a valuable source of…
Compressor Valves Market Trends, in-Depth Assessment, New Strategies, Price, Fut …
What is Compressor Valves?
Compressor Valves are the valves used in a compressor to control the flow of fluid in a cylinder. The compressor valves are circular with a series of plates that are placed between valve seat and cover. The compressor valves market is expected to grow due to the revival of stalled infrastructure projects, the demand for eco-friendly products, and technological innovations.
The reports cover key market developments in…
Business Overview: Global Oil Free Compressor (Oil-Free Compressor, Oil-Free Air …
An oil-free compressor is only one of several types of compressors available. It works the same way as a standard air compressor, and may even look very similar on the outside; internally, however, it contains special seals designed to keep the crucial lubricating oil away from the compressed air. The moving parts inside the compressor require lubrication to reduce the friction. Lubrication is essential in adequate amounts, regardless of the…
Compressor Valves Market| key manufacturers- Cook Compression, Burckhardt Compre …
There has been prevalence of compressor valves in the oil and gas industry for its exhaustive applications in upstream, midstream and downstream operations. Given oil and gas industry is the most sought after primary source of energy, demand for compressor valves has surged. In addition, a significant demand for better wastewater management facilities is anticipated to favorably influence the market for compressor valves.
Get free Sample Copy @ https://www.mrrse.com/sample/17813
Small and medium-sized…
