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Global Market Insights, Inc., forecasts centrifugal air compressor market to exceed a valuation of USD 7 billion by 2024.
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Centrifugal Air Compressor Market research report by 2019 to 2024 • Automotive is one of the most significant industries driving considerable global centrifugal air compressor market share. These compressors are widely used in automobiles for ventilation and to supply compressed air to automobile parts. With growing number of manufacturing companies across the globe, ranging from large scale aerospace and automotive manufacturers to metal fabricators, the centrifugal air compressor market is certain to witness higher product demand in the coming years. • Given the massive deployment of centrifugal air compressor across myriad applications, the global centrifugal air compressor industry stands to gain rewardable proceeds in the coming years. Industry analysts further anticipate strategic collaborations and M&As to improve the profitability landscape and consumer base of this business sphere. Global Market Insights, Inc., forecasts centrifugal air compressor market to exceed a valuation of USD 7 billion by 2024. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Centrifugal Air Compressor Market Scenario: • Centrifugal air compressor market, of late, has been witnessing tremendous growth prospects, the reason for which can be attributed to the plethora of innovations and product advancements across this business space. The role of compact and portable compressors in automotive, healthcare, food & beverage, and oil & gas industries has increased to quiet a commendable extent, owing to which several centrifugal air compressor industry players are launching application specific products with easy installation and usage. • Apart from automotive, rapid industrialization trends in oil & gas, healthcare, energy, manufacturing, and food & beverage sectors have also left a noticeable impact on the regional centrifugal air compressor industry trends. Taking into account the significant deployment of centrifugal air compressor in several types of power plants including hydroelectric, thermal, diesel-engine generators, and nuclear, it is expected that the regional centrifugal air compressor industry will witness remarkable growth prospects. • According to reports, India and China are projected to establish over 50 and 160 new projects of thermal power units respectively in the forthcoming years which is overtly expected to have a perpetual impact on the growth of centrifugal air compressor industry. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Regional Analysis: • Estimates claim the overall vehicle sales for Asia Pacific and the Middle East regions have rose to 43.4 million units in 2015 from 35.2 million units in 2010. Moreover, taking into account the global automotive sales, in 2015, India, China, South Korea, and Japan accounted for over 40% of the total sales – a factor which validates the rapid expansion of automotive industry in APAC. • Competitive Analysis: • Significant industry participants are Atlas Copco, HATCO company, Hitachi Ltd., Kirloskar Pneumatic Co., Ltd., Kobelco Compressors, Inc., Dresser-Rand, etc. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/2185 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Latest Research Report on Centrifugal Air Compressor Market@ https://www.gminsights.com/industry-analysis/centrifugal-air-compressor-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2185 Request for customization: https://www.gminsights.com/roc/2185 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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