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Axial Compressor Market Size Survey 2021 with Top Countries Data Industry Trends, Share, Size, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast | With Covid 19 Analysis

Axial CompressorThis report presents a comprehensive overview, market shares, and growth opportunities of Axial Compressor market 2021 by product type, application, key manufacturers and key regions and countries. “Global Axial Compressor Market size”2021 has covered and analyzed the potential of Worldwide Axial Compressor Industry and provides statistics and information on market dynamics, growth factors, key challenges, major drivers & restraints, opportunities and forecast.COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Global “Axial Compressor Market” Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. Also, Axial Compressor Market is predicted to grow at a CAGR of Growing rate during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the Axial Compressor market, and the main aspect of the report- why do you have to buy this research report? So don’t miss it.

The report gives – Who are the global key players in this keyword market? What are their company profile, product information, and contact information?  What Was the Global Market Status of Axial Compressor Market? What Was Capacity, Production Value, Cost and PROFIT of Axial Compressor Market?

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Axial Compressor Market Overview 2021:

The global axial compressor market is dependent on various industry such as refinery, air separation, liquefied natural gas, and others. The demand for LNG is expected to grow at 4-5% annually between 2015 and 2030. According to OPEC, the global refinery capacity is expected to increase at a CAGR of 0.96% between 2016 and 2022, led by Asia-Pacific with a CAGR of 1.7% during the same period. However, China’s steel production cut plans are expected to hinder the demand for air separation unit to a comparatively smaller extent. As a result, the global axial compressor market is expected to grow at a considerable pace during the forecast period.

Increasing LNG Trade – Increasing Demand for Axial Compressors

According to Shell LNG Outlook, the global demand for natural gas is expected to increase by 2%, annually, between 2015 and 2030, while demand for LNG is expected to grow at 4 to 5%, almost double. The United States and Australia are expected to lead the strong growth, while the demand is expected to be concentrated in Asia. Asia is expected to be the center of gravity of global LNG demand, importing more than 70% of the fuel until 2030. Europe is also expected to increase its LNG consumption to meet the growing gap in energy supply caused by a decline in its domestic production. Australia’s LNG supply is expected to be absorbed within Asia. While the US LNG exports are expected to be more diversified, supplying LNG to Europe, South, and Central America and Asia.

Increasing Refining Capacity in Asia-Pacific

Axial compressors are widely popular in the fluid catalytic cracking unit used in refineries. The share of Asia-Pacific in global refining capacity has increased from 26% in 2000 to 34% in 2016. National Oil Companies in the region have taken the lead in investing in and developing the oil & gas industry. Several new naphtha crackers are expected to come online by 2021-22 in China, India, Vietnam, and other countries. Sinopec is expected to lead the investment in the refineries & petrochemical industry and is expected to add 9 million metric ton/year of additional ethylene capacity in China. As a result, the growth of the refining industry in the region is expected to drive the demand for axial compressors in the fluid catalytic cracking unit.

Opposite Trends Expected in China and India

The steel industry is one of the largest customers of air separation units. The axial compressor is an integrated part of the air separation unit used in the industry. China, India, and Japan are the top three producers of steel. The steel industry in China and India is following opposite trends. China had cut its steel production by 50 million metric ton in 2017. The country is further planning to cut 150 million metric ton by the end of 2018. On the other hand, India is aiming to overtake Japan, in terms of steel production, by the end of 2018. The country plans to build a globally competitive steel industry in the country and achieve 300 million metric ton of steel, annually, by 2025-2030. As a result, the demand trend for air separation units is expected to follow the opposite trend in both countries, along with the axial compressors used in them.

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Top Key-players/Leading Manufacturers of Axial Compressor Market:

  • Dresser-Rand Group Inc.
  • Seimens AG
  • Mitsui Engineering & Shipbuilding Co Ltd
  • MAN SE
  • Howden Compressors Ltd
  • General Electric Co
  • Ingersoll-Rand PLC
  • Wartsila Oyj Abp
  • Elliott Group Ltd.
  • Zhejiang Kaishan Compressor Co.
  • Ltd

With tables and figures helping analyze the worldwide Global Axial Compressor market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

The Global Axial Compressor market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Key Developments in the Axial Compressor Market:

  • November 2017:Indian steel exporter – JSW Steel Limited, ordered two MAX1 compressor trains from MAN Diesel & Turbo
  • September 2017: MAN Diesel & Turbo launched MAX1 axial compressor technology for the fertilizer sector
  • April 2017: MAN Diesel & Turbosecured order for its latest MAX1 axial compressor technology from Swedish SSAB, a leading European manufacturer of special steel products

    This Axial Compressor Market Research/analysis Report Contains Answers to your following Questions

    • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Axial Compressor Industry?
    • What Was the Global Market Status of Axial Compressor Market? What Was Capacity, Production Value, Cost, and PROFIT of Axial Compressor Market?
    • What Are Projections of Global Axial Compressor Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
    • What Is Axial Compressor Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

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    • What Is Economic Impact On Axial Compressor Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
    • Which Manufacturing Technology is used for Axial Compressor? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
    • Who Are the Global Key Players in This Axial Compressor Market? What are Their Company Profile, Their Product Information, and Contact Information?
    • What Is the Current Market Status of the Axial Compressor Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Axial Compressor Market by Taking Applications and Types in Consideration?
    • What Are Market Dynamics of Axial Compressor Market? What Are Challenges and Opportunities?

    Reasons to Purchase Axial Compressor Market Report:

    • The report analyses how stringent emission control norms will drive the global Axial Compressor market.
    • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market.
    • Study on the regions that are expected to witness the fastest growth during the forecast period.
    • Identify the latest developments, market shares, and strategies employed by the major Axial Compressor market players.
    • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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