Centrifugal Air Compressor Market – India Trend and Outlook to 2027
A centrifugal air compressor is a type of compressor that uses a rotating impeller to compress air and increase its pressure. Centrifugal air compressors are used in a wide range of industrial applications, including manufacturing, oil and gas, power generation, and automotive industries.
Centrifugal air compressors can provide high volumes of compressed air with low noise levels, making them suitable for use in large-scale industrial operations. They can also provide continuous and efficient operation with minimal maintenance requirements.
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The global centrifugal air compressor market is expected to grow at a compound annual growth rate (CAGR) of around 5% from 2021 to 2026. The market is driven by the increasing demand for energy-efficient and reliable compressed air systems, as well as the growing adoption of automation and digitalization technologies in the industrial sector.
The centrifugal air compressor market can be segmented by type, end-user, and region. The types of centrifugal air compressors include single-stage and multi-stage. The end-users include oil and gas, chemical and petrochemical, power generation, manufacturing, and others.
The oil and gas segment is expected to be the largest end-user segment for centrifugal air compressors due to the high demand for compressed air in drilling, production, and transportation activities. The manufacturing segment is also expected to drive market growth as manufacturers increasingly adopt automation technologies and require high-pressure air for their operations.
Key players in the centrifugal air compressor market include Atlas Copco AB, Ingersoll-Rand plc, Gardner Denver Holdings, Inc., Siemens AG, and Kobe Steel, Ltd. These companies are focusing on product innovation and development, as well as strategic partnerships and acquisitions, to expand their product portfolios and reach new markets.
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