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(Construction.IndustryNews247.Com, August 21, 2018 ) 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. According to reports, the robust expansion of the automotive industry in Asia Pacific has been the most significant factor stimulating regional centrifugal air compressor industry share. 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.
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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. Considering these facts, analysts predict the remarkable growth of the automotive industry to have a rendering impact on the regional centrifugal air compressor market, given the continuous supply of high pressure compressed and instrument air for automobiles and manufacturing activities.
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. An instance hot off the press is of Atlas Copco, launching light weight mobile compressors especially designed for utility vehicles and other OEM applications.
This advanced compressor is a multi-function machine which can deliver both air and power when equipped with optional generator. Industry analysts are further expecting these compact and portable air compressors to fit into more vehicle types and applications including highway works, which in turn is stimulating the commercialization potential and profitability landscape of the global centrifugal air compressor market. If reports are to be believed, the overall centrifugal air compressor market size was worth over USD 5.5 billion in 2016.
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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.
Based on these grounds, the industry analysts quoted Asia Pacific to be one of the most lucrative hubs for expansion of centrifugal air compressor industry having held the highest share in the year 2016 by generating over USD 3 billion in revenue.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Centrifugal Air Compressor industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by end-user trends
2.1.3. Casing trends
2.1.4. End-user trends
2.1.5. Regional trends
Chapter 3. Centrifugal Air Compressor Industry Insights
3.1. Centrifugal Air Compressor Industry segmentation
3.2. Centrifugal Air Compressor Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. High automotive industry growth in Asia Pacific and the U.S.
3.4.1.2. Rapid industrial growth in Asia Pacific
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3.4.1.3. Technological developments in the field of centrifugal air compressors
3.4.2. Industry pitfalls & challenges
3.4.2.1. Strict regulations regarding centrifugal air compressor usage
3.4.2.2. Popularity of centrifugal air compressor rental services
3.5. Growth potential analysis
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2016
3.8.1. Strategy landscape
3.8.2. Emerging business models
3.9. PESTEL analysis
3.10. Pricing analysis
3.10.1. Regional pricing
3.10.2. Cost structure analysis
Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com 
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