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Global Centrifugal Air Compressor Market: By Type (Stationary and Portable), By Lubrication (Oil-free and Oil-filled), By Power Rating (0-100 kW, 101-300 kW, 301-500 kW, and 500 kW and above), By Application (Semiconductor & Electronics, Oil & Gas, Manufacturing, Energy, Food & Beverage, Home Appliances, Healthcare, and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)), (Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 - 2028)

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Global Centrifugal Air Compressor Market: Overview
The global centrifugal air compressor market size was estimated at US$ XX Million in 2020 and is projected to grow at a CAGR of XX% over the upcoming years. The key growth factors behind the growth of centrifugal air compressor market include the growing demand for centrifugal air compressors in the food & beverage industry along with the increased use for centrifugal air compressor for oil & gas exploration activities across the globe. Furthermore, the emergence of new technologies along with the growing need for centrifugal air compressor across different industries are some other key factors for the growth of the centrifugal air compressor market in the upcoming years.


Global Centrifugal Air Compressor Market: COVID-19 Impact
The COVID-19 pandemic had a huge impact across all the industries including logistics & supply chain, oil & gas, manufacturing, electronics, and others. The partial or full lockdown in the year 2020 and 2021 across numerous countries such as India, the U.S., the U.K., Germany, and others had further impacted the supply of raw materials and finished products across the globe. The demand for automotive parts has decreased during the COVID-19 period due to halt in the manufacturing industry as the demand for raw materials and finished good has been halted during the COVID-19 period along with the decreased travelling worldwide during the COVID-19 period. Therefore, the global centrifugal air compressor market is severely impaced by COVID-19.

Global Centrifugal Air Compressor Market: Application Analysis
On the basis of application, the global centrifugal air compressor market has been segmented into semiconductor & electronics, oil & gas, manufacturing, energy, food & beverage, home appliances, healthcare, and others. The manufacturing category had a major share in the global centrifugal air compressor market in 2020 and had more than 20% of the market revenue share in the same year. This is majorly due to rising demand for centrifugal air compressor in the manufacturing industry. Moreover, the oil & gas category is estimated to witness substantial growth during the forecast period. This is ascribed to increased demand for centrifugal air compressor for the oil & gas exploration activities across the globe.


Global Centrifugal Air Compressor Market: Regional Analysis
Based on the regions, the global centrifugal air compressor market is segmented into North America, Europe, Asia Pacific, Latin America (LATAM), and Middle East & Africa (MEA). Asia Pacific is estimated to witness fastest growth in the global centrifugal air compressor market during the forecast period. This is ascribed to the growing manufacturing industry in the region along with the rising demand for centrifugal air compressor in the oil & gas industry in the region. Besides, North America and Europe is estimated to witness substantial growth during the forecast period.

Global Centrifugal Air Compressor Market: Segment Analysis

ATTRIBUTE DETAILS
Study Period 2017-2028
Base Year 2020
Forecast Period 2021-2028
Historical Period 2017-2019
Unit Value (US$ Billion)
Segmentation
Global Centrifugal Air Compressor Market: By Type
Stationary
Portable
Global Centrifugal Air Compressor Market: By Lubrication
Oil-free
Oil-filled

Global Centrifugal Air Compressor Market: By Power Rating
0-100 kW
101-300 kW
301-500 kW
500 kW and above

Global Centrifugal Air Compressor Market: By Application
Semiconductor & Electronics
Oil & Gas
Manufacturing
Energy
Food & Beverage
Home Appliances
Healthcare
Others

Key Companies 

Atlas Copco
BelAire Compressors
Bauer Group
Compressor Products International (CPI)
Cook Compression
Frank Technologies
Galaxy Auto Service Equipment Co. Ltd.
Gast Manufacturing Inc.
GE Energy
Parker Hannfin Corporation
Heyner
Hitachi Industrial Equipment Systems Co. Ltd.
MAT Industries LLC
Hoerbiger
Ingersoil Rand PLC
Kaesar Compressors
Oasis Manufacturing
Sullair LLC
Vanair Inc.
W.W. Graigner Inc.
Elgi Equipments Limited
Others

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