Global Centrifugal Air Compressor Market Size Over USD 10,485 0 Million By 2026 To End And Record A CAGR Over 19% From 2020 To 2026
Centrifugal air compressors, also known as radial air compressors, are widely used in power, petroleum, gas &, manufacturing, & solid state electronics, & Food Beverages and Healthcare Applications One of the main advantages of these systems is that they remove any contamination by providing high pressure air They are a critical part of any manufacturing or industrial facility for a range of applications such as automation, machine processes and component drying
Some of the world’s leading manufacturers have implemented compressed air (CA) systems to make manufacturing operations more sustainable For example, the Toyota Motor Corporation plant in Huntsville, Alabama is equipped with five large compressors radials that supply air through the 2 million square foot plant The company aims to eliminate CO2 emissions from its plants globally as part of the Toyota Environmental 2050 Challenge
According to a research report by Global Market Insights, Inc, the global centrifugal air compressors market size is estimated to be over US $ 10 billion by 2026 Below are some important factors increasing the technological demand in the future
Radial compressors are broadly classified as horizontally and vertically split in terms of the casing Horizontal split air compressors are expected to experience substantial demand in the coming years, with rapid adoption in large-scale industries These systems operate primarily at a head pressure of up to 40 bar and are preferred in low power applications They are widely used in the healthcare, electronics and food industries & where the purity of the ‘air is needed
Centrifugal compressors can also be branched off into stationary and portable systems Demand for stationary air compressors is expected to grow at a CAGR of 2% through 2026, with rapid industrial development in emerging economies These compressors are widely used in semiconductor, electronics and manufacturing sectors A booming consumer electronics sector in China, Japan and South Korea will certainly offer promising opportunities for local manufacturers
The & food drink industry is emerging as one of the major end users of radial compressed air systems, widely used in the production of wine, yogurt and citric acid products. air pressure in the food processing sector have increased due to the increasing number of refrigerated warehouses for storage The increasing consumption of packaged food in developed and developing regions will have a positive impact on industry trends centrifugal air compressors
Manufacturing sector is estimated to capture over 35% of centrifugal air compressor market revenue by 2026 Aerospace, automotive, chemical processing and iron & are among the major users end of CA systems The & steel industry has experienced robust growth in recent years with considerable expansion of the automotive and construction sectors Similar trends in the near future will undoubtedly strengthen the outlook for the industry
US-led North America is expected to account for more than 15% of centrifugal air compressor industry revenue by 2026 Regional demand can be attributed to expanding manufacturing sector and constant innovations in the automotive, construction and electronics sectors In the coming years, the US The government is expected to make substantial investments in oil exploration projects. and shale gas, constantly needs a supply of high pressure compressed air
General Electric, Atlas Copco, Kobelco Compressors America, Inc, Hitachi Ltd, Elliott Group, Dresser-Rand, Ingersoll-Rand PLC, Shanghai Denair Compressor Co, Danfoss, Ltd, Gardner Denver, Inc, and Kirloskar Pneumatic Company Limited font part of the world’s leading product manufacturers
Global Market Insights, Inc., headquartered in Delaware, US, is a global provider of market research and consulting services; offering syndicated and customized research reports as well as growing consulting services Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid decision making strategic These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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Compressor Industry, Atlas Copco Forecast
World News – UK – Centrifugal Air Compressor Market Slants and Development Status Highlighted During the forecast period 2020-2026
SOURCE: https://www.w24news.com
