Centrifugal Air Compressor Trends and Forecast
The future of the global centrifugal air compressor market looks promising with opportunities in the manufacturing, food & beverage, semiconductor & electronic, healthcare/medical, oil & gas, home appliance, and energy markets. The global centrifugal air compressor market is expected to reach an estimated $11.4 billion by 2030 with a CAGR of 1.4% from 2024 to 2030. The major drivers for this market are rising demand for energy-efficient compressed air solutions in various industries, expansion of manufacturing and industrial infrastructure worldwide, and technological advancements leading to the development of more compact, durable, and low-maintenance centrifugal air compressors.
• Lucintel forecasts that oil filled will remain the larger segment over the forecast period.
• Within this market, manufacturing will remain the largest segment.
• Europe is expected to witness highest growth over the forecast period.
United States - Companies like Ingersoll Rand focus on R&D to develop energy-efficient centrifugal air compressors. Government targets aim to reduce industrial carbon emissions, incentivizing the adoption of eco-friendly compressor technologies in manufacturing sectors to meet sustainability goals.
China - Chinese manufacturers, including Atlas Copco (Shanghai) Trading Co., Ltd., expand production capacities for centrifugal air compressors to meet the growing demand from manufacturing and construction sectors. Government initiatives support technological innovation and energy efficiency improvements in industrial equipment to drive economic growth sustainably.
Germany - German companies like Kaeser Kompressoren SE invest in smart compressor technologies to optimize energy usage and reduce operating costs. Government targets focus on improving energy efficiency in industrial processes, encouraging the adoption of advanced centrifugal air compressors to support the countryÄX%$%Xs transition to renewable energy sources.
India - Indian compressor manufacturers, such as Elgi Equipments Limited, introduce affordable and energy-efficient centrifugal air compressors to cater to the growing demand from small and medium enterprises. Government initiatives promote local manufacturing and incentivize the adoption of energy-efficient technologies to boost industrial productivity and competitiveness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Centrifugal Air Compressor by Segment
The study includes a forecast for the global centrifugal air compressor by lubrication, application, and region.
Centrifugal Air Compressor Market by Lubrication [Shipment Analysis by Value from 2018 to 2030]:
• Oil-Free
• Oil Filled
Centrifugal Air Compressor Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Manufacturing
• Food & Beverage
• Semiconductor & Electronics
• Healthcare/Medical
• Oil & Gas
• Home Appliances
• Energy
• Others
Centrifugal Air Compressor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Centrifugal Air Compressor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies centrifugal air compressor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the centrifugal air compressor companies profiled in this report include-
• Atlas Copco
• Ingersoll-Rand
• Baker Hughes a GE Co.
• Sundyne
• Gardner Denver
• Dresser-Rand
• Howden
Recent Development in the Centrifugal Air Compressor Market
Ingersoll Rand: Ingersoll Rand unveils the "Nirvana Oil-Free Centrifugal Air Compressor," integrating advanced technologies for energy-efficient and environmentally sustainable compressed air solutions, targeting industrial and commercial applications.
Atlas Copco (Shanghai) Trading Co., Ltd.: Atlas Copco expands production capacity for centrifugal air compressors in China, leveraging advanced manufacturing techniques to meet the growing demand from manufacturing and construction sectors in the region.
Kaeser Kompressoren SE: Kaeser Kompressoren introduces "Sigma Air Manager 4.0," a smart compressor control system designed to optimize energy usage and enhance performance in centrifugal air compressors, offering improved efficiency and cost savings for industrial users.
Elgi Equipments Limited: Elgi Equipments launches the "EN Series Centrifugal Air Compressor," offering affordable and energy-efficient compressed air solutions for small and medium enterprises in India, aiming to enhance productivity and competitiveness in the local market.
Features of the Global Centrifugal Air Compressor Market
Market Size Estimates: Centrifugal air compressor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Centrifugal air compressor market size by lubrication, application, and region in terms of value ($B).
Regional Analysis: Centrifugal air compressor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different lubrications, applications, and regions for the centrifugal air compressor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the centrifugal air compressor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the centrifugal air compressor market size?
Answer: The global centrifugal air compressor market is expected to reach an estimated $11.4 billion by 2030.
Q2. What is the growth forecast for centrifugal air compressor market?
Answer: The global centrifugal air compressor market is expected to grow with a CAGR of 1.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the centrifugal air compressor market?
Answer: The major drivers for this market are rising demand for energy-efficient compressed air solutions in various industries, expansion of manufacturing and industrial infrastructure worldwide, and technological advancements leading to the development of more compact, durable, and low-maintenance centrifugal air compressors.
Q4. What are the major segments for centrifugal air compressor market?
Answer: The future of the global centrifugal air compressor market looks promising with opportunities in the manufacturing, food & beverage, semiconductor & electronic, healthcare/medical, oil & gas, home appliance, and energy markets.
Q5. Who are the key centrifugal air compressor market companies?
Answer: Some of the key centrifugal air compressor companies are as follows:
• Atlas Copco
• Ingersoll-Rand
• Baker Hughes a GE Co.
• Sundyne
• Gardner Denver
• Dresser-Rand
• Howden
Q6. Which centrifugal air compressor market segment will be the largest in future?
Answer: Lucintel forecasts that oil filled will remain the larger segment over the forecast period.
Q7. In centrifugal air compressor market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the centrifugal air compressor market by lubrication (oil-free and oil filled), application (manufacturing, food & beverage, semiconductor & electronics, healthcare/medical, oil & gas, home appliances, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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