![]() Compressed air is supplied by centrifugal air compressors to various manufacturing processes in industrial plants. Increasing applications in oil refineries, paper & pulp industry, and chemical & other processing plants is one of the crucial factors driving growth of this segment. The centrifugal air compressors segment accounted for largest revenue share in 2021.Organization’s presence in entire Europe, which is one of the crucial markets for expansion of the company. In addition, this acquisition enhances M.R. ![]() Organization caters across 72 countries, whereas StandardAir caters to all major air compressor brands across Europe and the Middle East. Both companies supply air compressor parts to all major companies worldwide. Organization, which is based in Ahmedabad, Gujarat, India announced to acquire StandardAir, a U.K.-based supplier of air compressor parts. In addition, introduction of high-performance portable air compressors and application of oil-free and oil-filled lubricated compressors provide enormous opportunities for market to expand and generate high revenues during the forecast period. They are utilizing advanced tools and high-end air compressors to generate high energy output and provide them to consumers. Manufacturers worldwide are adopting new and advanced technologies to improve industrial operations and efficiently manage them. Rising demand for efficient manufacturing infrastructure is one of the crucial factors driving market revenue growth. Air compressors used for industrial applications include centrifugal, scroll, and turbo air compressors, which perform several critical industrial tasks, such as powering pneumatic tools in manufacturing plants, to support critical operations in oil fields. These compressors consist of powerful motors and sturdy components, thereby enabling them to operate at much higher-pressure levels than other commercially used compressors. Industrial air compressors are powerful and highly efficient compressors that produce power of over 100 Pound-Force Per Square Inch (PSI) and 200 Horsepower (HP). Increasing investments in energy-efficient technologies for use in various industrial operations is driving industrial air compressor market revenue growth. NEW YORK CITY, NEW YORK, USA, Aug/ / - The global industrial air compressor market size is expected to reach USD 53.88 Billion in 2030 and register a revenue CAGR of 4.4% over the forecast period, according to the latest report by Reports and Data. Rising demand for high-efficiency air compressors for critical industrial operations is driving industrial air compressor market revenue growth
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