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Worldwide Centrifugal Air Compressor Market Analysis, Overview, Revenue, Robust Application, Growth & Forecasts to 2024
Centrifugal Air Compressor Market
The mining and oil & gas exploration activities in North America and South Africa will also boost the centrifugal air compressors market by 2024. Compressed air is the suitable option for power especially for the environment around oil & gas platforms as the spark and heat potential from the electricity does not blend well with these surroundings.
Thus, compressed air provides a gainful and safe solution to drive controls, pumps, equipment in oil rigs, refineries, etc.In 2016, centrifugal air compressors having vertically split casing had revenue contribution nearly USD 3 billion. Continuously developing iron & steel sector along with a highly potential fertilizer industry will further augment the vertically split centrifugal air compressors demand in the forecast years. Rising lower pressure requirements in the manufacturing sector will drive the demand for horizontally split casing compressors, which will observe gains of 2.4% CAGR by 2024.
Future Scope:
Food & beverage manufacturing needs contamination-free and consistent compressed air for running their operations and employs centrifugal air compressors for a variety of production tasks. Rising demand for packaged food items around the globe will augment the centrifugal air compressor demand for use in food & beverage sector.
Global centrifugal air compressors market generated USD 840 million for food & beverage applications in 2016 and will observe significant growth over the forecast period.
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Centrifugal Air Compressor Market by Manufactures:
Hitachi Industrial Equipment Systems Co Ltd, Atlas Copco, Kobelco Compressors America, Inc., Kirloskar Pneumatic Company Limited, Dresser-Rand, HATCO company, etc. The industry participants are striving to increase their share in the fragmented centrifugal air compressor market through strategic partnerships and acquisitions. For instance, in April 2017, Hitachi acquired Sullair LLC
Centrifugal Air Compressor Market by Product
Portable, Food & Beverages, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare, Stationary, Food & Beverages, Oil & Gas, Energy Semiconductor & Electronics, Manufacturing, Healthcare, Others
Centrifugal Air Compressor Market by Casing
Horizontally split
Vertically split
Centrifugal Air Compressor Market by End-user
Food & Beverages
Oil & Gas
Energy
Semiconductor & Electronics
Manufacturing
Healthcare
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Data Tables
TABLE 1 Centrifugal air compressor industry 360 degree synopsis, 2013 - 2024
TABLE 2 Global centrifugal air compressor market estimates & forecast, 2013 - 2024, (Units) (USD Million)
TABLE 3 Global centrifugal air compressor market estimates & forecast, by product, 2013 - 2024, (Units)
TABLE 4 Global centrifugal air compressor market estimates & forecast, by product, 2013 - 2024, (USD Million)
TABLE 5 Global centrifugal air compressor market volume estimates & forecast, by casing, 2013 - 2024, (Units)
TABLE 6 Global centrifugal air compressor market revenue estimates & forecast, by casing, 2013 - 2024, (USD Million)
TABLE 7 Global centrifugal air compressor market volume estimates & forecast, by end-user, 2013 - 2024, (Units)
TABLE 8 Global centrifugal air compressor market revenue estimates & forecast, by end-user, 2013 - 2024, (USD Million)
TABLE 9 Global centrifugal air compressor market volume estimates & forecast, by region, 2013 - 2024, (Units)
TABLE 10 Global centrifugal air compressor market volume estimates & forecast, by region, 2013 - 2024, (Units)
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