An axial-flow compressor is one in which the flow enters the compressor in an axial direction, and exits from the gas turbine also in an axial direction. The axial-flow compressor compresses its working fluid by first accelerating the fluid and then diffusing it to obtain a pressure increase.
Axial-Flow Compressors Market Summary
According to the new market research report “Axial-Flow Compressors - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Axial-Flow Compressors market size is projected to reach USD 0.69 billion by 2030, at a CAGR of 4.7% during the forecast period.
- Global Axial-Flow Compressors MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Axial-Flow Compressors - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Axial-Flow Compressors Top15Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Axial-Flow Compressors - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Axial-Flow Compressors include MAN SE, Xi’an Shaangu Power, etc. In 2023, the global top three players had a share approximately 57.0% in terms of revenue.
- Axial-Flow Compressors,Global Market Size, Split by Product Segment
Source: QYResearch, "Axial-Flow Compressors - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Inlet Flow: 300-800 K CMH is the largest segment, hold a share of 50.2%.
- Axial-Flow Compressors,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Axial-Flow Compressors - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, application one is the largest application, hold a share of xx%,
- Axial-Flow Compressors,Global Market Size, Split by Region (Production)
Source: QYResearch, "Axial-Flow Compressors - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Axial-Flow Compressors,Global Market Size, Split by Region
Source: QYResearch, "Axial-Flow Compressors - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Axial-flow compressors are widely used in power generation and oil & gas industries. The rising demand for energy and ongoing investments in power plants, especially gas-fired power plants, boost the market for these compressors.
The expansion of various industrial sectors, including petrochemical, chemical, and manufacturing industries, necessitates the use of axial-flow compressors for processes such as gas compression, refrigeration, and air separation.
Restraint:
Fluctuations in the prices of raw materials, such as metals and alloys used in the manufacturing of axial-flow compressors, can impact production costs and profit margins, posing a challenge to market growth.
Economic downturns and uncertainties can lead to reduced capital expenditure by industries, affecting the demand for high-cost equipment like axial-flow compressors. During such periods, companies may delay or scale back their investments in new machinery.
Opportunity:
Continuous technological advancements in compressor design and materials enhance the efficiency, reliability, and lifespan of axial-flow compressors. Innovations such as advanced aerodynamic designs and high-strength materials drive market growth.
Significant investments in infrastructure development, particularly in emerging economies, lead to increased demand for axial-flow compressors in construction, water treatment, and HVAC applications.
About The Authors
| Xinxin Wang - Lead Author | |
| Email: wangxinxin@qyresearch.com | |
| Xinxin Wang As an analyst who has been immersed in the Machinery & Equipment, Advanced Manufacturing etc. industries for many years, I am full of love and respect for this industries. My work experience and professional skills have given me an in-depth understanding of industry dynamics, and I have a keen insight into market trends and developments in this industries. I am able to discover potential market opportunities and threats through data analysis and provide data support for the company's strategic decisions.
In terms of analysis methods, I am proficient in various data analysis methods and models, such as descriptive statistics, cluster analysis, etc. In terms of data sources, I pay attention to various public data sources and industry reports, and also obtain customized data through surveys and interviews. This method allows me to have a more comprehensive understanding of the market situation and provide a more reliable basis for the analysis results. |
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