Global Axial Compressor Market

End-User/Technology

The end-users are primarily different industries like water conservancy, oil industry, chemical industry, aircraft industry and so on.

The axial compressors consist of a number of rotating blades, shaft, stator and rotor. The flow of the gas is parallel to the axis of rotation. The fast-moving rotating blades provide continuous compression. Also, the axial compressors are divided on the basis of the number of stages namely single stage and multi-stage axial compressors. The compressors may be portable or stationary.

Market Dynamics

The axial compressors are highly efficient devices and are therefore having demand from various types ofindustries. The major market drivers for this product is the reliability, efficiency and its ability to be used in many different industries. The maintenance is, however, difficult and costly as even a small object can damage it significantly due to the high speed of the rotating blades. The axial compressors are also difficult to manufacture and have high starting power requirements.

Market Segmentation

The market segmentation can be done on the basis of various factors. One factor is on the basis of the product like the number of stages and whether it is a vertical or a horizontal axial compressor. The market can also be segmented on the basis of the type of applications and end-users as the requirements may vary from industry to industry.

Finally, the segmentation can be done on the basis of geography as the level of industry penetration in a particular region is detrimental in evaluating the growth potential of this market and also the diversity of the product that may be required in any particular region.

Regional/Geographic Analysis

The major markets include developed economies in the European and the North American regions. Also, the developing economies, especially in the Asia Pacific region, are in the rapid phase of industrialization and urbanization, supported by a rapidly growing population and rising incomes and hence have a high amount of demands from this market which is expected to grow even further in the near future.

Opportunities

The product is a very efficient and reliable. However, due to costly maintenance and high power requirements, the adoption may be slow. Therefore, improvements in the product to enhance efficiency and affordability can drive demand greatly, especially in the developing economies.

Key Players

Some prominent players in the market are Mitsubishi Hitachi Power Systems, Siemens, GE Aviation, MAN Turbomachinery, Dresser-Rand, and Wartsila.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage