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Rising adoption of axial flow compressors for various industrial applications such as air separation in manufacturing plants, removal of carbon dioxide gas, and removal of liquid from natural gas is expected to boost the growth of the axial flow compressor market<br>
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ICT Axial Flow Compressor Market Trend Forecast and Growth Opportunity July 07, 2021 An axial ?ow compressor is a gas compressor that can continuously pressurize gases. It is a rotating, airfoil- based compressor in which the gas or working ?uid principally ?ows parallel to the axis of rotation, or axially. The basic components of an axial ?ow compressor are rotor blades and stator or stationary blades, the former carrying the moving blades and the latter the stationary rows of blades. The energy level of ?uid increases as it ?ows through the compressor due to the action of the rotor blades which exerts a torque on the ?uid. The stationary blades slows the ?uid, converting the circumferential component of ?ow into pressure. Compressors are typically driven by a gas turbine, electric motor, or a steam. An axial ?ow compressor differs from other rotating compressors (axi-centrifugal compressors, mixed-?ow compressors, and centrifugal compressors), where the ?uid ?ow includes a "radial component" through the compressor. The axial ?ow compressor is an integral part of air separation units used in industry. The COVID-19 outbreak has led to the decline of industries, as governments of developed and developing economies have imposed lockdown, due to which the working of industries such as steel, oil & gas, and marine have stopped. This, in turn, has impacted production and manufacturing, and adversely affected the global economy. Thus, demand for axial ?ow compressors have also been impacted. Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report Global Axial Flow Compressor Market: Dynamics Global Axial Flow Compressor Market: Key Drivers and Restraint Rising adoption of axial ?ow compressors for various industrial applications such as air separation in manufacturing plants, removal of carbon dioxide gas, and removal of liquid from natural gas is expected to boost the growth of the axial ?ow compressor market. Increasing need for axial ?ow compressors in steel and iron industry to meet the speci?c needs in separating air is expected to fuel the axial ?ow compressor market. Growing demand for axial ?ow compressors in the oil and gas industry for long distance pipeline transmission of hydrogen is expected to enhance the demand for axial ?ow compressors across the world over the forecast period. However, heavy weight and high cost are factors that can hamper the axial ?ow compressor market. North America to Account for Major Share of the Global Axial Flow Compressor Market In terms of region, the global axial ?ow compressor market can be divided into North America, Europe, Asia Paci?c, Middle East & Africa, and South America. North America is anticipated to lead the global axial ?ow compressor market, due to high adoption of axial ?ow compressors in marine and oil & gas sectors. The axial ?ow compressor market in Asia Paci?c is expected to hold signi?cant share due to growing adoption of axial ?ow compressors in various industrial applications such as large volume of air separation in manufacturing plants, ?uid catalytic cracking, and proper dehydrogenation in the oil & gas sector. This is expected to fuel the growth of the axial ?ow compressor market across Asia Paci?c. Looking for exclusive expert insights from business experts? Request a custom report here Global Axial Flow Compressor Market: Competitive Landscape Key Players Operating in the Global Axial Flow Compressor Market Companies operating in the axial ?ow compressor market are increasingly investing in research and development to develop new and innovative techniques to manufacture axial ?ow compressors. Manufacturers are also focusing on offering highly-e?cient and reliable axial ?ow compressors with advanced features such as high peak e?ciencies, small frontal area for given air?ow; straight-through ?ow, and allowing high ram e?ciency. The axial ?ow compressor market is highly fragmented with the presence of numerous manufacturers, primarily in developing regions. Furthermore, manufacturers are striving to gain a competitive edge by increased product differentiation. Key players operating in the global axial ?ow compressor market are: Dresser-Rand Elliott Group General Electric Company Howden Compressors Ltd Ingersoll Rand PLC MAN Turbomachinery Mitsubishi Hitachi Power Systems Siemens AG Wartsila Xi'an Shaangu Power Zhejiang Kaishan Compressor TMR's Latest Press Release: https://www.prnewswire.com/news-releases/global-labels-market-to-ride-on-the-back-of-growing-popularity-of-linerless- labels-emergence-of-r?d-technology-to-emerge-as-a-game-changer-in-the-market---tmr-301325484.html Enter your comment... Popular posts from this blog Scraped Surface Heat Exchangers Market Trends, Competitive Landscape and Segmentation by 2025 July 07, 2021 Scraped surface heat exchangers (SSHE) are used for heat transfer, crystallization and for continuous processes commonly in the food, chemical and pharmaceutical industries. 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