Global Centrifugal Air Compressor Market

Centrifugal Air Compressor Market Size, Share, Growth Analysis, By Product(Portable, and Stationary), By Casing(Horizontally Split, and Vertically Split), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2234 | Region: Global | Published Date: February, 2024
Pages: 202 | Tables: 61 | Figures: 75

Centrifugal Air Compressor Market News

  • In March 2023, Atlas Copco received AEP, a French distributor of compressors. This acquisition will help Atlas Copco to better serve their clients because AEP has particularly qualified provider technicians.
  • In May 2023, Siemens Energy and IRENA (International Renewable Energy Agency) signed a partnership agreement based totally on renewable electricity initiatives to help climatic movements.
  • In June 2023, The European Commission announced a brand new investment application to support the improvement of sustainable packaging solutions. The application consists of funding for research and development of centrifugal compressors.
  • In July 2023, The Pulp and Paper International Association released a document on the global centrifugal air compressor marketplace. The document estimates that the market will attain $10.57 billion by means of 2028.
  • In August 2023, Sullair announced the launch of its new line of centrifugal air compressors which are designed for use inside the meals and beverage industry. The compressors are designed to meet the stern sanitation necessities of the meals and beverage enterprise.
  • September 2023: Kaeser Kompressoren introduced the outlet of a brand new manufacturing facility in China. The facility will produce centrifugal air compressors for the Chinese marketplace.
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Centrifugal Air Compressor Market size was valued at USD 10.20 Billion in 2021 and is poised to grow from USD 10.35 Billion in 2022 to USD 11.66 Billion by 2030, at a CAGR of 1.5% during the forecast period (2023-2030).

The competitive landscape of the centrifugal air compressor market is characterized by the presence of several and regional players, each vying for market share in this dynamic industry. Some of the prominent companies in this market include Atlas Copco, Ingersoll Rand, Siemens AG, Gardner Denver Holdings, and Kobe Steel Ltd., among others. These companies are renowned for their innovation, product quality, and comprehensive range of centrifugal air compressors catering to diverse industries such as manufacturing, oil and gas, petrochemicals, and energy. 'Atlas Copco', 'Ingersoll Rand', 'Siemens AG', 'Gardner Denver Holdings (now part of Ingersoll Rand)', 'Kobe Steel Ltd. (Kobe Compressors)', 'Howden Group Ltd.', 'Sullair (a subsidiary of Hitachi)', 'Kobelco Compressors America, Inc.', 'FS-Elliott Co., LLC', 'Kaeser Kompressoren SE', 'Elliott Group', 'Hitachi Industrial Equipment Systems Co., Ltd.', 'MAN Energy Solutions', 'Anest Iwata Corporation', 'Bauer Kompressoren Group', 'Quincy Compressor (a subsidiary of IDEX Corporation)', 'Corken, Inc.', 'Sundyne LLC', 'Boge Kompressoren', 'Doosan Portable Power'

The growth of various industries, consisting of manufacturing, oil and gasoline, petrochemicals, and electricity, drives the demand for compressed air answers, along with centrifugal air compressors.

Energy Efficiency Emphasis: Energy efficiency became a prominent fashion, with industries an increasing number of searching for to lessen electricity intake and decrease operational fees. Centrifugal air compressors, recognized for his or her excessive strength efficiency, had been in demand as agencies aimed to meet sustainability goals and observe stringent environmental policies.

The centrifugal air compressor market demonstrates notable regional disparities, with distinct leaders in terms of market size and influence. Asia-Pacific emerges as the largest and most significant region in this industry. Within Asia-Pacific, China holds a dominant position as a major player in the centrifugal air compressor market. China's robust manufacturing sector, expanding industrial base, and the continual growth of key industries such as manufacturing, energy, and construction have driven substantial demand for centrifugal air compressors.This fashion is likewise attributed to the united states's growing attention on energy efficiency and environmental sustainability.

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Global Centrifugal Air Compressor Market

Report ID: SQMIG20I2234

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