#India Compressor Market Growth

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The compressor in AC and Fridge can Cool You Down

When it is hot and humid outside, one finds relief only by drinking water out of a fridge or sitting in an air-conditioned place. Ever wondered, how both of these types of equipment give such good cooling? Well, it is because of the compressor. Producers of refrigerators and air conditioners have started production in full swing and capacity from 60-70% amid an increase in demand prompted by the heatwave in quite a few parts of India and repressed demand of the previous two summers, impacted by the lockdowns imposed by during the pandemic.

It is not that the compressors are only used in the cooling equipment like air conditions and refrigerators, they are used in a number of industries. There is a booming growth in the industrial sector of India, and with the number of industries growing, the demand for compressors is also on the rise. Almost all motor vehicles have a compressor, which compresses the gas and converts it into liquid. Owing to environmental protocols in the country, minimal gas emissions, less noisy, and those which are energy efficient have a considerably high demand in the automotive industry.

India’s annual automobile production was 22.65 million in 2021. There were more two-wheelers because of an increasing middle class, and moreover, most of the folks in the country come from the young population. Furthermore, the interest of the companies to explore the rural markets further made a difference. Moreover, numerous initiatives by the Indian government and major companies will make the country among the leaders in the two-wheeler and four-wheelers in the near future.

The states which fall under the northern region of India like UP, Haryana, Uttarakhand, Punjab, and Himachal Pradesh will have the highest demand for compressors by the end of this decade. Industrial and automotive manufacturing are among the major areas of use for compressors in North India. Additionally, the support of the government in the development of industrial corridors like Amritsar–Delhi–Kolkata industrial corridor and the Delhi–Mumbai industrial corridor, along with the development of SMEs, will push the requirement for compressors in the whole of North India.

Energy-efficient compressors are ruling the roost in the Indian compressor market. The market will reach a value of $ 2,891.9 million in the year 2030.  Because of the emphasis on efficiency of production and saving energy, the requirement for compressors that are energy-efficient will increase in the coming years. It would reduce energy costs and also protect the environment from the emission of GHG. Consequently, major companies have announced compressors, are more efficient when equated to conventional compressors. For example, Atlas Copco introduced novel versions of its XATS 288 and XAVS 238 portable compressors, having 27% lesser carbon emissions. They are 20% light and 10% further energy-efficient than the traditional compressors.

The demand for compressors is on the rise in India because of the increasing requirement for cooling equipment like AC and fridges, and also the increasing number of industries and vehicles bursting onto the scene.

[worldwideanalysis]

Surging Sales of Automobiles Driving Indian Compressor Market Growth

The Indian compressor market was valued at $1,943.4 million in 2019, and it is predicted to generate a revenue of $2,891.9 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 6.2% from 2020 to 2030. The expansion of the automotive industry is one of the major factors fueling the growth of the market. According to the India Brand Equity Foundation (IBEF), the automotive industry in India will generate a revenue of Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026.

Additionally, the boom in the manufacturing sector, on account of the enactment of favorable government policies, is also predicted to propel the advancement of the market in the coming years. Besides, the inflow of huge foreign direct investments (FDI) is also driving the growth of the manufacturing sector in the country. Owing to these factors, the manufacturing sector in the country will attain a value of $1 trillion by 2025, as per various estimates. In this industry, industrial air compressors are extensively used for tool stamping, powering, and clamping.

For example, the government announced a reduction in the income tax rate to as much as 25% for all organizations having a turnover of up to $38.75 million, under the 2018–2019 Union Budget. Depending on type, the Indian compressor market is divided into rotary and positive displacement categories. Of these, the positive displacement category contributed higher revenue to the market in 2019. Moreover, this category is expected to hold the largest share in the market throughout the forecast period.

This is credited to the surging requirement for these compressors in various industries, such as semiconductor, chemical, stee, and automotive. In addition, these compressors are equipped with various features, such as better rotor profiles, and they are available in innovative designs, which is further boosting their popularity in the country. When lubrication type is taken into consideration, the market is categorized into oil-free and oil-flooded. Of these, the oil-flooded category dominated the market in 2019.

This was because of the less maintenance requirements and low initial cost of these compressors in comparison to the oil-free ones. The northern region dominated the Indian compressor market in 2019, and this trend is predicted to continue in the forthcoming years as well. This is ascribed to the expansion of the industrial manufacturing and automotive sectors in the region. Furthermore, the National Capital Region (NCR), which is situated in the northern part of the country, witnesses the large-scale usage of compressors, on account of the high automobile production and industrial growth. The region manufactures more than 30% of passenger cars and over 50% of two-wheelers in the country every year.

Hence, it is safe to say that the market will boom in the coming years, mainly because of the surge in the manufacturing and automotive sectors, owing to the implementation of favorable government policies in the country.

[tamanna31]

Chillers Market Size, Share, Growth, Analysis Forecast to 2030

Chillers Industry Overview

The global chillers market size was estimated at USD 9,928.3 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030.

The market is driven by the rising need for cost-effective and energy-efficient space cooling solutions in commercial and industrial sectors. This, in turn, is expected to augment the demand for the chillers market over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Chillers Market

According to the U.S. Department of Agriculture (USDA), the growing population, rising consumer disposable income, and ongoing urbanization are expected to augment the growth of commercial and residential sector in the country in the forecast period. The demand for chillers in the U.S. residential sectors is driven by a combination of factors, including the need for efficient and reliable air conditioning systems. With a focus on energy efficiency, homeowners are increasingly adopting chillers equipped with advanced technologies and smart controls to ensure precise temperature regulation while minimizing environmental impact. In the commercial sector, the demand for chillers remains robust, particularly in industries such as hospitality, healthcare, and data centres.

Moreover, chillers play a pivotal role in maintaining optimal temperatures for occupant comfort, equipment reliability, and critical processes. The trend towards sustainable building practices and stringent energy efficiency standards further accelerates the adoption of chillers in both residential and commercial applications across the U.S.

The integration of advanced technologies is transforming the global market. Smart chillers, equipped with IoT capabilities, sensors, and predictive maintenance features, allow for remote monitoring and optimization. These technologies enhance overall system efficiency, reduce downtime, and contribute to cost savings. These aforementioned factors are further expected to drive the demand for market over the forecast period.

Global Chillers Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global chillers market report based on product, application, compressor type, and region

Product Outlook (Revenue, USD Million, 2018 - 2030)

Water-Cooled

<50kW

51-100kW

101-500kW

501-1000kW

1001-1500kW

>1501kW

Air -Cooled

<50kW

51-100kW

101-500kW

501-1000kW

1001-1500kW

>1501kW

Application Outlook (Revenue, USD Million, 2018 - 2030)

Commercial

Corporate Offices

Data Centers

Public Buildings

Mercantile & Service

Healthcare

Others

Industrial

Chemicals & Pharmaceuticals

Food & Beverage

Metal Manufacturing & Machining

Medical & Pharmaceutical

Plastics

Others

Residential

Compressor Type Outlook (Revenue, USD Million, 2018 - 2030)

Screw Chillers

Centrifugal Chillers

Absorption Chillers

Scroll Chillers

Reciprocating Chillers

Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Russia

Asia Pacific

China

Japan

India

Australia

Thailand

South Korea

Indonesia

Malaysia

Central & South America

Brazil

Argentina

Middle East and Africa

Saudi Arabia

South Africa

UAE

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global hardfacing welding market size was estimated at USD 1.73 billion in 2023 and is forecasted to grow at a CAGR of 5.3% from 2024 to 2030.

• The global advanced phase change materials market size was valued at USD 3.01 billion in 2023 and is anticipated to reach a CAGR of 8.2% from 2024 to 2030.

Key Chillers Company Insights

The global market is highly competitive on account of the presence of global and local manufacturers. Companies are engaged in expansion through mergers & acquisitions and joint ventures. These companies offer a wide range of systems that are sold through multiple channels, including distributors, company-owned websites, retailers & their websites, and e-commerce websites. For instance, in May 2023, Trane acquired MTA, an Italian manufacturer and distributor specializing in industrial refrigeration and air conditioning equipment. This strategic acquisition is expected to enhance Trane's commercial HVAC capabilities, particularly in key markets, by incorporating MTA's process chillers and expanding the rental and services business. With manufacturing sites located in Tribano and Conselve and a workforce of approximately 500 employees, MTA has an annual production capacity of 13,500 systems.

Key Chillers Companies:

The following are the leading companies in the chillers market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these chillers companies are analyzed to map the supply network

Trane

Cold Shot Chillers

Tandem Chillers

Drake Refrigeration, Inc

Refra

Carrier

FRIGEL FIRENZE S.p.A.

Midea

Daikin Industries, Ltd.

Johnson Controls

Rite-Temp

General Air Products

ClimaCool Corp.

Fluid Chillers, Inc.

Multistack International Limited

Honeywell International, Inc

Recent Developments

In December 2022, Trane unveiled its latest offerings, the water-cooled XStream eXcellent GVWF and air-cooled Sintesis eXcellent GVAF chillers. These innovative chillers incorporate magnetic-bearing compressors and utilize the low global warming potential (GWP) refrigerant R1234ze. Equipped with high-speed centrifugal compressor technology, these chillers deliver larger capacities, wider operating maps to meet challenging European climate conditions, and enhanced seasonal efficiencies, all while maintaining a compact size

In April 2021, refrigeration equipment manufacturer Refra initiated production operations at its newly established facility in Vievis, located in close proximity to the capital city, Vilnius, Lithuania. Spanning an area of 12,000 square meters, the factory is situated approximately 40 kilometers northwest of Refra's headquarters in Vilnius. The expansion has resulted in the creation of employment opportunities for an additional 100 individuals

Order a free sample PDF of the Chillers Market Intelligence Study, published by Grand View Research.

[adityarana1687-blog]

Air Compressor Market Size To Reach $34.10 Billion By 2030

The global air compressor market size is anticipated to reach USD 34.10 billion by 2030, registering a CAGR of 4.7% from 2023 to 2030. Air compressors are used in various industries, such as food and beverages, home appliances, oil and gas, semiconductors and electronics, healthcare, manufacturing, and energy. The rising need for the reduction of CO2 emissions and stringent regulations pertaining to environmental conservation is anticipated to boost market growth. Moreover, eco-friendly, reliable features, ease of handling, and low maintenance costs offered by the product are propelling its demand.

The onset of the COVID-19 pandemic resulted in lockdowns and declining investments across industries and verticals, which hampered the growth of the market. However, after a short slowdown, the market is expected to rebound and witness a healthy growth rate in the post-pandemic era.

The growing consumer awareness regarding product quality, the need for improved air quality, and supportive government policies on energy conservation are anticipated to boost the market growth. At workplaces, air compressors are required to comply with the Occupational Health & Safety (OHS) regulations, which would positively impact the market over the forecast period.

Oil-free air compressors are expected to emerge as the fastest-growing lubrication segment. The growth is attributed to the increased proliferation in the manufacturing sector. Moreover, oil-free compressors reduce the operating costs by evading compressor oil separator elements and down-streaming filter replacement costs.

Asia Pacific dominated the market for air compressor in 2020 owing to rapid industrialization in emerging economies, such as India and China. The need for efficient and next-generation compressors has propelled the product demand across different industries in the region.

Request a free sample copy or view report summary: Air Compressor Market Report

Air Compressor Market Report Highlights

The stationary air compressor segment accounted for over 60.5% market share in 2023, while the portable segment is anticipated to emerge as the fastest-growing segment from 2024 to 2030

The oil-filled compressor segment is likely to lead the market over the forecast period. These compressors are widely adopted for commercial applications by the chemical, energy, and manufacturing industries

The rotary segment will dominate the market share over the forecast period. These compressors offer continuous airflow at different discharge pressure and operate through positive displacements. Furthermore, features such as easy maintenance and longer product life are expected to fuel the demand for these compressors over the forecast period

Asia Pacific held the largest market share in 2023. The growing oil and gas sector in countries such as China and India is, in turn, expected to lead the growth of the market

Air Compressor Market Segmentation

Grand View Research has segmented the global air compressor market based on type, product, lubrication, application, and region:

Air Compressor Type Outlook (Revenue, USD Billion; Volume, Units 2018 - 2030)

Stationary

Portable

Air Compressor Product Outlook (Revenue, USD Billion; Volume, Units 2018 - 2030)

Reciprocating

Rotary/Screw

Centrifugal

Air Compressor Lubrication Outlook (Revenue, USD Billion; Volume, Units; 2018 - 2030)

Oil Free

Oil Filled

Air Compressor Application Outlook (Revenue, USD Billion; Volume, Units 2018 - 2030)

Healthcare & Medical

Manufacturing

Oil & Gas

Home Appliances

Food & Beverage

Energy

Semiconductor & Electronics

Others

Air Compressor Air Compressor Operating Mode Outlook (Revenue, USD Billion; Volume, Units; 2018 - 2030)

Electric

Internal Combustion Engine

Air Compressor Power Range Outlook (Revenue, USD Billion; Volume, Units; 2018 - 2030)

Up to 20 kW

21-50kW

51-250 kW

251-500 kW

Over 500kW

Air Compressor Regional Outlook (Revenue, USD Billion; Volume, Units 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

India

Japan

Australia

South Korea

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

South Africa

List of Key Players of Air Compressor Market

AireTex Compressor

Atlas Copco

Bauer Group

BelAire Compressors

Cook Compression

Compressor Products International (CPI)

Frank Compressors

Galaxy Auto Stationary Equipment Co. Ltd.

Gast Manufacturing, Inc.

GENERAL ELECTRIC

Ingersoll Rand Plc

Kaeser Compressors

MAT Industries, LLC

[aircompressor88]

The Benefits of Choosing a Trusted Indian Screw Compressor Manufacturer and Exporter

In today’s global industrial landscape, screw compressors are essential components in various industries, including manufacturing, construction, oil and gas, and more. They provide consistent and reliable compressed air, which is vital for powering machinery, pneumatic tools, and other industrial processes. As businesses seek cost-effective and efficient solutions, India has emerged as a leading player in the global screw compressor market. Indian manufacturers are renowned for their quality, innovation, and competitive pricing, making them a preferred choice for businesses worldwide. This blog will explore the benefits of choosing a trusted Indian screw compressor manufacturer and exporter and how this decision can impact your business operations.

Why Screw Compressors Are Important for Industrial Applications

Before diving into the advantages of choosing Indian manufacturers, it’s essential to understand why screw compressors are so critical to industrial processes.

Screw compressors work by compressing air between two rotors, generating a continuous flow of air. This technology is widely used due to its efficiency, reliability, and ability to provide consistent pressure without fluctuations. Industries such as automotive, pharmaceuticals, food processing, and construction rely heavily on screw compressors to maintain their operations smoothly. Whether it’s providing compressed air for tools or powering large-scale machinery, screw compressors play a pivotal role in ensuring uninterrupted productivity.

The Rise of Indian Screw Compressor Manufacturers

India’s industrial sector has seen significant growth over the past few decades, and the country has become a hub for high-quality, cost-effective manufacturing. Indian screw compressor manufacturers are gaining international recognition for their commitment to innovation, stringent quality standards, and affordability.

Key Benefits of Choosing an Indian Screw Compressor Manufacturer and Exporter by Gajjar Compressor

When choosing a screw compressor manufacturer and exporter, businesses often prioritize factors such as quality, price, after-sales support, and the ability to meet international standards. Indian manufacturers excel in all these areas, making them a top choice for global buyers. Let’s explore the key benefits in detail.

1. High-Quality Products

Indian screw compressor manufacturers are known for producing high-quality products that meet global standards. They employ state-of-the-art technology and follow strict quality control measures to ensure that their compressors deliver optimal performance and durability. The compressors are designed to withstand harsh working conditions, making them reliable for both domestic and international markets.

2. Cost-Effective Solutions

One of the most significant advantages of choosing Gajjar Compressor  manufacturer is the cost-effectiveness of their products. Indian manufacturers offer competitive pricing without compromising on quality. This affordability is particularly appealing to businesses in developing markets and small to medium-sized enterprises (SMEs) looking to minimize operational costs while maintaining high efficiency.

3. Technological Innovation

Indian manufacturers are at the forefront of technological innovation in the screw compressor industry. They continuously invest in research and development (R&D) to enhance the performance, energy efficiency, and sustainability of their compressors. Many Indian manufacturers are also incorporating smart technologies, such as IoT-enabled monitoring systems, to provide real-time performance data, which allows businesses to optimize their compressor usage.

4. Compliance with International Standards

Indian screw compressors are built to comply with global standards, such as ISO and CE certifications, ensuring they meet the stringent requirements of international markets. This adherence to quality standards gives buyers confidence in the reliability and performance of the products, making Indian manufacturers trusted suppliers across various industries.

5. Sustainable and Energy-Efficient Solutions

Sustainability is a growing concern for businesses worldwide, and Indian manufacturers are responding to this demand by offering energy-efficient screw compressors that help reduce carbon footprints. Energy-efficient compressors consume less power while delivering high performance, resulting in long-term cost savings and a reduced environmental impact. This focus on sustainability makes Indian manufacturers an ideal choice for businesses looking to adopt eco-friendly solutions.

Comparison of Benefits: Gajjar’s Screw Compressor Manufacturers vs. Other Global Manufacturers

To give you a clear perspective, here’s a table comparing the benefits of choosing an Indian screw compressor manufacturer versus other global manufacturers:BenefitsGCPL ManufacturerOther Global ManufacturersProduct QualityHigh-quality products with strict QC measuresVaries by region and manufacturerPricingAffordable and cost-effectiveOften higher due to labour and production costsTechnological InnovationContinuous R&D investment and smart techAvailable, but may vary in integrationCompliance with International StandardsISO, CE, and other global certificationsCompliant, but depends on the countryEnergy EfficiencyStrong focus on sustainable, energy-efficient designsAvailable, but often at a premium priceAfter-Sales SupportComprehensive and reliableVaries depending on region and company

After-Sales Support and Maintenance Services

One of the key differentiators of Indian screw compressor manufacturers is their dedication to customer satisfaction. Indian exporters are known for offering robust after-sales support, including regular maintenance services, spare parts availability, and technical assistance. This support is crucial for businesses relying on continuous compressor operation, as it helps minimize downtime and ensures long-term performance.

Indian manufacturers often provide comprehensive service packages that include on-site support, troubleshooting, and periodic maintenance to keep the compressors running at peak efficiency. This commitment to customer service sets them apart from many other global manufacturers, where after-sales support may not be as readily available or may come at a premium cost.

Customization Options for Specific Industry Needs

Gajjar Compressor manufacturer are highly adaptable and can provide customized solutions based on the specific needs of industries. Whether your business requires a unique compressor design, specific material requirements, or performance modifications, Indian manufacturers are equipped to cater to these demands. This flexibility makes them an ideal partner for businesses with niche applications or those looking for tailored solutions.

The Role of GCPL Screw Compressor Exporter in Global Markets

Indian screw compressor manufacturers are not just focused on domestic markets but have a strong presence in international markets as well. Indian exporters have established a reputation for timely delivery, adherence to export regulations, and excellent communication with global clients. They understand the complexities of international trade and provide seamless logistics and support to ensure that products reach their destinations on time and in excellent condition.

Indian exporters also have a deep understanding of the specific requirements of different countries, including regulatory standards and certifications. This knowledge allows them to provide screw compressors that are ready to be integrated into operations without any compliance issues.

[chillmax19]

Chill Out with Excellence: Leading Water Chiller Manufacturers in India

India's industrial landscape has undergone significant transformation in recent years, with the demand for advanced cooling solutions rising alongside this growth. Water chillers, a critical component in maintaining efficient industrial operations, have become indispensable across various sectors. As industries expand and modernize, the need for reliable, high-performance water chillers has never been more pressing. This surge in demand has spurred the development of a robust water chiller manufacturing industry in India, with numerous companies stepping up to deliver world-class products.

The Vital Role of Water Chillers in Industry

Water chillers play a crucial role in a wide array of industries, including pharmaceuticals, plastics, chemicals, food and beverage, and HVAC (Heating, Ventilation, and Air Conditioning). These machines are tasked with removing excess heat from industrial processes, ensuring a stable temperature environment that is essential for maintaining product quality and operational efficiency. As industries evolve, the precision and efficiency of water chillers have become increasingly important, prompting manufacturers to innovate and refine their products continually.

In India's diverse industrial ecosystem, the demand for chillers that offer not just cooling but also energy efficiency, durability, and low maintenance has driven the market. Manufacturers are responding to these needs by producing chillers that meet rigorous standards and provide reliable performance even under challenging conditions.

Excellence in Engineering and Innovation

Indian water chiller manufacturers have established themselves as leaders in the global market through a relentless focus on engineering excellence and innovation. These companies are dedicated to developing chillers that cater to a broad range of industrial requirements. By leveraging cutting-edge technology and sophisticated design, they produce units that offer precise temperature control, energy efficiency, and long-term reliability.

One of the key factors driving the success of these manufacturers is their commitment to customization. Industries often have unique cooling needs, and Indian manufacturers excel at creating bespoke solutions that address specific operational challenges. Whether it's a large-scale chiller for an industrial plant or a compact unit for a specialized application, these companies have the expertise to deliver high-performance products tailored to the exact needs of their clients.

Meeting Global Standards and Sustainability Goals

The ability of water chiller manufacturers in India to meet global standards is another testament to their capabilities. These companies are increasingly focusing on sustainability, incorporating eco-friendly technologies into their designs. With the growing awareness of environmental impact, there is a strong emphasis on developing chillers that not only reduce energy consumption but also minimize greenhouse gas emissions.

Energy-efficient chillers are in high demand, especially as industries seek to lower operational costs and comply with stricter environmental regulations. Indian manufacturers are at the forefront of this trend, producing chillers that incorporate advanced features such as variable speed drives, high-efficiency compressors, and smart controls. These innovations help in optimizing energy usage and reducing the overall carbon footprint of industrial operations.

The Future of Water Chiller Manufacturing in India

Looking ahead, the future of water chiller manufacturing in India is bright. The ongoing industrial expansion, coupled with increasing environmental concerns, will likely continue to drive demand for advanced cooling solutions. Indian manufacturers are well-positioned to capitalize on this trend, thanks to their strong focus on research and development. By investing in new technologies and exploring innovative solutions, they are set to push the boundaries of what water chillers can achieve.

Moreover, the advent of smart technology is set to revolutionize the water chiller industry. Manufacturers are beginning to integrate IoT-enabled features into their chillers, allowing for remote monitoring, predictive maintenance, and enhanced operational efficiency. This shift towards smart chillers represents the next phase in the evolution of cooling technology, promising even greater reliability and energy efficiency.

Conclusion

The water chiller manufacturing industry in India stands as a testament to the country’s engineering prowess and innovative spirit. As the demand for high-quality, energy-efficient cooling solutions continues to grow, Indian manufacturers are not only meeting but exceeding expectations. Their ability to produce world-class products tailored to the diverse needs of various industries has cemented their position as leaders in the global market. As the industrial landscape continues to evolve, these manufacturers will play an increasingly vital role in supporting the growth and sustainability of industries both in India and around the world.

[industryinsightsandanalysis]

Construction lubricants market is expected to display a steady growth by 2027

According to a new report published by UnivDatos Markets Insights the construction lubricants market is expected to grow at a CAGR of around 4% from 2021-2027. The analysis has been segmented into the base oil (mineral and synthetic oils); type (hydraulic fluid, engine oil, gear oil, transmission fluid, grease, compressor oil, and others); equipment (earth moving equipment, material handling equipment, heavy construction vehicle, and others); region/country.

The construction lubricants market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the construction lubricants market. The construction lubricants market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the construction lubricants market at the global and regional levels.

Market Overview

The demand for construction lubricants is directly proportional to the construction activities. In the last couple of decades, the global construction industry has witnessed robust growth owing to robust construction activities in countries like China, India, and the ASEAN region. For instance, according to the USGS’ cement statistics, China has used more concrete from 2011 to 2013 (6.6 gigatons) than the US in the entire 20th century (4.5 gigatons). As construction activities increase, the requirement of construction equipment eventually increases, thereby leading to an increase in demand for lubricants. Further, increasing advancement in the construction sector has helped in the development of equipment that can perform high-level work in harsh conditions. However, to perform efficiently proper maintenance is required, and lubricating the components and overall machine is thereby crucial. Owing to such factors, the global construction lubricants market is likely to showcase significant growth.

COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the construction industry by shutting down and delay in projects. The COVID-19 pandemic has significantly affected the construction lubricants market as companies across the globe faced huge financial losses due to stringent steps adopted by the governments in order to curtail the spread of the disease.

The global construction lubricants market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Based on the base oil, the market is categorized into mineral and synthetic oils. Of both, mineral oil accounted for a significant share in the market and is likely to maintain its position during the forecast period. Mineral oil may fall in either of these three: group I, group II, and group III. Currently, group II mineral oil is widely consumed owing to its higher efficiency and lower emission. Further, industries are finding it easy to transit from group I base oil to group II base oil by changing work techniques, working with new base oil manufacturers, and changing equipment compared to group IV which is fully synthetic oil, resulting in a higher share of mineral oil.

Based on type, the market is categorized into hydraulic fluid, engine oil, gear oil, transmission fluid, grease, compressor oil, and others. Among these, the hydraulic fluid category held a significant market share owing to a large number of construction equipment in developed countries and growing demand for equipment in developing countries like China and India. Since equipment with hydraulic functionality or machinery shares a significant portion of construction equipment, thereby accounts for higher lubricant consumption.

Construction Lubricants Market Geographical Segmentation Includes:

North America (United States, Canada, and Rest of North America)

Europe (Germany, United Kingdom, France, Italy, Spain, and the Rest of Europe)

Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)

Rest of the World

Asia-Pacific held the dominant position in the construction lubricants market, mainly because of robust construction activities in the last two decades in the region. The large and growing population base of the region which requires accommodation and rapid construction in China led to the increase in demand for construction equipment. As a result, increased the demand for lubricants. Further, countries like India have taken various steps in the last few years to improve the infrastructure sector of the region. For instance, in October 2021, the country launched the “Gati Shakti Master Plan”, a USD 1.35 trillion (INR 100 lakh-crore) project for developing a holistic infrastructure. Further, the country is developing a new airport which is likely to cost around USD 4 billion (INR 30,000 crore) and is likely to complete by 2024. With such a vast infrastructure project, the demand for construction machinery is likely to increase in the near term in the country, eventually boosting the demand for lubricants.

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The major players targeting the market include

Chevron Corporation

British Petroleum Plc.

Exxon Mobil Corporation

PetroChina Company Limited

Royal Dutch Shell Plc.

TotalEnergies SE

The Idemitsu Kosan Company Ltd.

China Petroleum & Chemical Corporation

The PJSC Lukoil Oil

Fuchs Petrolub SE

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the construction lubricants market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the construction lubricants market?

• Which factors are influencing the construction lubricants market over the forecast period?

• What are the global challenges, threats, and risks in the construction lubricants market?

• Which factors are propelling and restraining the construction lubricants market?

• What are the demanding global regions of the construction lubricants market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

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[creativeera]

Soft Starters Market Are Driving Growth in Power Efficiency Trends

The soft starter market offers effective solutions for motor starting across industries by facilitating smooth acceleration and reducing voltage spikes. Soft starters are employed to start induction motors in a gradual, controlled manner without high start-up currents occurring. They prevent mechanical and electrical stresses on equipment, reduce power consumption, and enhance motor lifespan. The devices simplify motor operation, offer low maintenance requirements and high reliability. The global soft starter market size was valued at US$ 2,386.5 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.23% from 2023 to 2030. 

Key Takeaways Key players Key players operating in the soft starter market are Siemens AG, Aucom Electronics Ltd (Benshaw Inc.), Schneider Electric SE, IGEL Electric GmbH, Eaton Corporation PLC, Crompton Greaves Ltd., ABB Ltd., Toshiba Corporation, Rockwell Automation Inc., Fairford Electronics Inc. (Motortronics UK Ltd), and Danfoss Group. Each of these players has strengthened its position in the market through product launches and expansions. Growing demand Growing industrialization and infrastructure development has increased Soft Starter Market demand for industrial equipment and commercial buildings which require heavy duty applications like compressors, pumps, fans and conveyors that utilize AC induction motors. Growing electricity cost concerns have also fueled adoption of soft starters for enhanced energy efficiency. Global expansion Key soft starter manufacturers are focusing on expanding their geographic footprint through partnerships and joint ventures in developing regions including Asia Pacific, Middle East and Latin America. Rapid industrialization and initiatives towards smart infrastructure and green buildings in these regions will drive future demand. Market key trends The Soft Starter Market Size and Trends rising popularity of variable frequency drives (VFDs) and their declining costs are prompting end-users to replace traditional starters with VFDs. VFDs provide enhanced control functionality, energy savings and control speed in addition to starting and stopping electric motors, replacing conventional soft starters. However, soft starters still remain competitive for small to medium capacity motors and are preferred for simplicity and lower cost.

Porter's Analysis Threat of new entrants: Low start-up costs and weak intellectual property rights in some countries pose a moderate threat of new entrants in the soft starter market. Bargaining power of buyers: Large industrial buyers have significant bargaining power due to the significant volume of their purchases. However, the availability of substitutes provides a balance in buyers power. Bargaining power of suppliers: The high dependence of original equipment manufacturers (OEMs) on a few component suppliers results in moderate bargaining power of suppliers in the soft starter market. Threat of new substitutes: Technological advancements have increased the demand for variable speed drives and frequency converters, posing a moderate threat of substitution to soft starters. Competitive rivalry: The presence of numerous global and regional players results in high competitive rivalry in the soft starter market. Key differentiation factors include product innovation, reliability, and customer support. Geographical Regions North America accounted for the largest share of the soft starter market in 2024, with the United States being the major revenue generator. Growth in end-use industries such as oil & gas, mining, food & beverage, and others is fueling market demand. The Asia Pacific region is projected to register the fastest CAGR through 2031. Rapid industrialization and urbanization in China, Japan, and India are key growth drivers. Increasing focus on energy efficiency and growing adoption of VFDs and soft starters are supporting regional market expansion. Europe is a major soft starter market, with Germany, France, and the UK generating sizeable revenues. Strict emission norms and the need to optimize process performance are stimulating adoption. The soft starter market is diversifying with new technologies and customized offerings for renewable energy applications as well.

Get more insights on Soft Starter Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[businessindustry]

Water-Cooled Chillers Market Research, Analysis by Trends 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Water-Cooled Chillers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Water-Cooled Chillers Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Water-Cooled Chillers?

The global water-cooled chillers market size reached US$ 4.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 5.6 billion in 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.

What are Water-Cooled Chillers Market?

Water-cooled chillers are refrigeration systems utilized to extract heat from liquids by employing water as the cooling agent. These chillers find extensive applications in air conditioning, industrial processes, and large-scale facilities where effective cooling is crucial. The process involves circulating water through a condenser to absorb heat from a refrigerant gas. This gas is subsequently compressed and cooled, generating chilled water for various cooling needs. Known for their efficiency and ability to handle substantial cooling demands, water-cooled chillers are ideal for environments requiring precise temperature regulation and energy conservation.

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What are the growth prospects and trends in the Water-Cooled Chillers Market industry?

The water-cooled chillers market growth is driven by various factors and trends The water-cooled chillers market includes systems that effectively remove heat from liquids using water as a cooling agent. These chillers are vital for applications in air conditioning, industrial processes, and large-scale facilities where efficient cooling is paramount. Growth in the market is fueled by rising demand for energy-efficient cooling solutions, stringent environmental regulations favoring sustainable technologies, and expanding construction and industrial activities. Manufacturers are prioritizing improvements in chiller efficiency, reliability, and environmental sustainability to meet varied customer demands and global regulatory standards. Hence, all these factors contribute to water-cooled chillers market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Centrifugal Chillers

Screw Chillers

Absorption Chillers

Reciprocating Chillers

Scroll Chillers

Capacity

Small Capacity Chillers

Medium Capacity Chillers

Large Capacity Chillers

End-Use Industry

Manufacturing

Commercial Buildings

Data Centers

Healthcare

Hospitality

Others

Application

Air Conditioning

Process Cooling

Compressor Type

Scroll Compressors

Screw Compressors

Centrifugal Compressors

Reciprocating Compressors

Refrigerant Type

Hydrochlorofluorocarbon (HCFC)

Hydrofluorocarbon (HFC)

Ammonia

Others

Power Source

Electric Chillers

Absorption Chillers

Engine-Driven Chillers

Component

Compressors

Condensers

Evaporators

Control Systems

Others

Sales Channel

Direct Sales

Distributor/Wholesaler

Service Type

Installation and Commissioning

Maintenance and Repair

Consulting and Training

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

India

Japan

South Korea

Australia

New Zealand

ASEAN

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA.

Who are the key players operating in the industry?

The report covers the major market players including:

Daikin Industries Ltd.

Johnson Controls International plc

Trane Technologies plc

Carrier Global Corporation

Mitsubishi Electric Corporation

York (Johnson Controls)

LG Electronics Inc.

Schneider Electric SE

Climaveneta (Mitsubishi Electric)

Smardt Chiller Group Inc.

McQuay International (Daikin)

Thermax Limited

Multistack International Limited

Frigel Firenze S.p.A.

Broad Air Conditioning Co. Ltd.

Discover more: https://www.reportsandinsights.com/report/Water-Cooled Chillers-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

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[rutujamnm]

Marine Lubricants Market worth $6.9 billion by 2028

The report "Marine Lubricants Market by Oil Type (Mineral Oil, Synthetic Oil, and Bio-Based), Product Type (Engine Oil, Hydraulic Fluid, Compressor Oil), Ship Type (Bulk Carrier, Container Ships), & Region( Asia Pacific, North America) - Global Forecast to 2028", size was USD 6.3 billion in 2022 and is projected to reach USD 6.9 billion by 2028, at a CAGR of 1.5% from 2023 to 2028.

The market is projected to grow because of the enlargement in oceanic tourism. The government in several countries have introduced favorable policies and schemes to encourage oceanic tourism activities. This encourages the use of motorboats, cruise ships, ferries, and other passenger vessels, which will fuel the marine lubricants market. Therefore, the enlargement in oceanic tourism is a crucial driving factor behind the demand for marine lubricants.

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Mineral oil was the largest oil type of the marine lubricants market, in terms of value, in 2022

Due to the availability of light and heavy grades of mineral oils, the marine lubricants are widely produced from mineral oil.  Also, the demand for mineral oil based marine lubricants is high in products such as engines, turbines, stern tubes and compressors. Thus, the mineral oil type segment has largest share in oil type.

Engine oil is estimated to be the largest product type of the marine lubricants, in terms of value, during the forecast period.

Engine oil, hydraulic fluid, compressor oil and others are various market segment based on the product type. From them, during the forecast period, engine oil is projected to hold the largest market share of marine lubricants. The high need for marine lubricants in engines is basically because of the raising ship size which increased engine capabilities and high usage in marine propulsion units.

Bulk carrier is estimated to be the largest ship type of the marine lubricants, during the forecast period, in terms of value.

The bulk carrier, tankers, container ships, and others are various market segment based on the ship type. Amongs them, the major bulk transportation services such as coal, iron ore, packaged good, and other dry bulk are transported through bulk carriers. Also, these ships are especially suggested for transport dry cargo. Thus, the bulk carrier ship type is the largest ship type for the marine lubricants market.

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Asia Pacific is estimated to be the largest market for the marine lubricants market, in terms of value, during the forecast period.

Asia Pacific is projected to be the largest market for marine lubricants, driven by the raising industrialization, rise in exports and low labour cost specially in India and China. Due to this reasons the demand for marine lubricants in Asia Pacific region is increased. The region has experienced rapid economic growth in recent decades, leading to increased maritime trade and shipping activities. The expanding economies of countries like China, India, Japan, and South Korea have resulted in a substantial demand for marine lubricants to support their shipping industries.

The key players profiled in the report include Exxon Mobil Corporation (US), Shell plc (UK), BP p.l.c. (UK), TotalEnergies SE (France), and Chevron Corporation (US).

[waywardunknowntheorist]

Cardiopulmonary Resuscitation Market Current Status by Major Key Vendors and Trends by Forecast To 2031

The “Cardiopulmonary Resuscitation Market Share, Size, and Trends | 2031” is market research by The Insight Partners. The Cardiopulmonary Resuscitation market has perceived tides of change in the recent past. This study offers precise projections after detailed scrutiny of a range of factors impacting the business.  Considering the present market scenario, this report brings forward correct predictions on revenue, market size, and CAGR of the Cardiopulmonary Resuscitation market. The novel market research which is based on a fact-based foundation is now accessible for purchase. This report can make a variance in wide decision-making and drive business forward in the right direction.

Business is no longer a game of instincts when it comes to capitalizing on new production lines. In a highly competitive Cardiopulmonary Resuscitation market, companies may face several challenges. Having trusted market research is always endorsed for both veteran and new entrants. Cardiopulmonary Resuscitation Market report presents a thorough analysis of local, regional, and global market scenarios through the following details.

Report Attributes

Details

Segmental Coverage

Type

Piston

ACD

LDB

ITD

Compressor

Manual

Automatic Mechanical

Application

Ambulance

CICU

Cardiac Catherization

End User

Hospital

Pre-Hospitals

Geography

North America

Europe

Asia Pacific

and South and Central America

Regional and Country Coverage

North America (US, Canada, Mexico)

Europe (UK, Germany, France, Russia, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Rest of APAC)

South / South & Central America (Brazil, Argentina, Rest of South/South & Central America)

Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA)

Market Leaders and Key Company Profiles

Cardiac Science Corporation

CPR Medical Devices, Inc

General Electric Company

Michigan Instruments

Koninklijke Philips N. V

Physio-Control, Inc

St. Jude Medical, Inc

ZOLL Medical Corporation

Huazhong Medical

Schiller

Other key companies 

Competitive Landscape

Knowing the state of rivals is a strategically right move to outperform them. This report is the right place to explore key strategies, developments, and recent launches by key Cardiopulmonary Resuscitation market players. This report emphasizes an analysis of business strategies and expected growth opportunities for brands.

Key Coverings:

Current and Future Market Estimates- Cardiopulmonary Resuscitation Market Share, CAGR, and Forecast | 2031

Market Dynamics – Drivers, Challenges, Regional Trends, and Market Opportunities

Market Segmentation – Product, Application, End-use Industries, and Regional Growth Prospects.

Competition Matrix – Key Market Players and Strategies

Recent Developments and Innovation Contributing Market Growth

Need a Customized Market Research Report?

You can always share any specific requirements that you have, and our team will adjust the scope of research offerings as per your needs.

The following are some customizations our clients frequently ask for:

The Cardiopulmonary Resuscitation market report can be customized based on specific regions/countries as per the intention of the business

The report production was facilitated as per the need and following the expected time frame

Insights and chapters tailored as per your requirements.

Depending on the preferences we may also accommodate changes in the current scope.

Key Questions Addressed in the Cardiopulmonary Resuscitation Market Research Include:

What are present Cardiopulmonary Resuscitation market values, and what can be expected in the upcoming decade?

What are the key segments in the Cardiopulmonary Resuscitation market?

What is the regional distribution of the Cardiopulmonary Resuscitation market report?

What are the key players and their recent strategies?

What are the key factors driving Cardiopulmonary Resuscitation market growth?

What are regulatory concerns and requirements businesses have to compel?

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us: www.theinsightpartners.com

[researchinenergyandpower]

Chicago, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The global Hydrogen Compressors Market size is expected to grow from USD 2.1 billion in 2023 to USD 2.6 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 4.5% according to a new report by MarketsandMarkets™. The growth of the Hydrogen Compressors Market is propelled by various factors. A significant driver is the rising demand for hydrogen across diverse sectors, including energy generation, transportation, petrochemicals, and chemicals. This demand surge is a pivotal force behind the market's expansion. The push for clean energy solutions and the establishment of more hydrogen production plants and pipelines further contribute to the market's upward trajectory. Additionally, advancements in technology and the emergence of innovative hydrogen production methods, such as electrolysis using solar and wind power, present growth opportunities for the market. The Asia Pacific region is anticipated to take a leading role in the Hydrogen Compressor Market, driven by substantial demand from countries like China, India, and Japan. Despite the initial high costs associated with compressors, the increasing global demand for hydrogen and the ongoing development of hydrogen technology are key factors propelling the market's growth.

[tamanna31]

New Study: 2024-2030 Chillers Medical Devices Market Trend and Forecast Report

Chillers Industry Overview

The global chillers market size was estimated at USD 9,928.3 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030.

The market is driven by the rising need for cost-effective and energy-efficient space cooling solutions in commercial and industrial sectors. This, in turn, is expected to augment the demand for the chillers market over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Chillers Market

According to the U.S. Department of Agriculture (USDA), the growing population, rising consumer disposable income, and ongoing urbanization are expected to augment the growth of commercial and residential sector in the country in the forecast period. The demand for chillers in the U.S. residential sectors is driven by a combination of factors, including the need for efficient and reliable air conditioning systems. With a focus on energy efficiency, homeowners are increasingly adopting chillers equipped with advanced technologies and smart controls to ensure precise temperature regulation while minimizing environmental impact. In the commercial sector, the demand for chillers remains robust, particularly in industries such as hospitality, healthcare, and data centres.

Moreover, chillers play a pivotal role in maintaining optimal temperatures for occupant comfort, equipment reliability, and critical processes. The trend towards sustainable building practices and stringent energy efficiency standards further accelerates the adoption of chillers in both residential and commercial applications across the U.S.

The integration of advanced technologies is transforming the global market. Smart chillers, equipped with IoT capabilities, sensors, and predictive maintenance features, allow for remote monitoring and optimization. These technologies enhance overall system efficiency, reduce downtime, and contribute to cost savings. These aforementioned factors are further expected to drive the demand for market over the forecast period.

Global Chillers Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global chillers market report based on product, application, compressor type, and region

Product Outlook (Revenue, USD Million, 2018 - 2030)

Water-Cooled

<50kW

51-100kW

101-500kW

501-1000kW

1001-1500kW

>1501kW

Air -Cooled

<50kW

51-100kW

101-500kW

501-1000kW

1001-1500kW

>1501kW

Application Outlook (Revenue, USD Million, 2018 - 2030)

Commercial

Corporate Offices

Data Centers

Public Buildings

Mercantile & Service

Healthcare

Others

Industrial

Chemicals & Pharmaceuticals

Food & Beverage

Metal Manufacturing & Machining

Medical & Pharmaceutical

Plastics

Others

Residential

Compressor Type Outlook (Revenue, USD Million, 2018 - 2030)

Screw Chillers

Centrifugal Chillers

Absorption Chillers

Scroll Chillers

Reciprocating Chillers

Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Italy

Spain

Russia

Asia Pacific

China

Japan

India

Australia

Thailand

South Korea

Indonesia

Malaysia

Central & South America

Brazil

Argentina

Middle East and Africa

Saudi Arabia

South Africa

UAE

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global hardfacing welding market size was estimated at USD 1.73 billion in 2023 and is forecasted to grow at a CAGR of 5.3% from 2024 to 2030.

• The global advanced phase change materials market size was valued at USD 3.01 billion in 2023 and is anticipated to reach a CAGR of 8.2% from 2024 to 2030.

Key Chillers Company Insights

The global market is highly competitive on account of the presence of global and local manufacturers. Companies are engaged in expansion through mergers & acquisitions and joint ventures. These companies offer a wide range of systems that are sold through multiple channels, including distributors, company-owned websites, retailers & their websites, and e-commerce websites. For instance, in May 2023, Trane acquired MTA, an Italian manufacturer and distributor specializing in industrial refrigeration and air conditioning equipment. This strategic acquisition is expected to enhance Trane's commercial HVAC capabilities, particularly in key markets, by incorporating MTA's process chillers and expanding the rental and services business. With manufacturing sites located in Tribano and Conselve and a workforce of approximately 500 employees, MTA has an annual production capacity of 13,500 systems.

Key Chillers Companies:

The following are the leading companies in the chillers market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these chillers companies are analyzed to map the supply network

Trane

Cold Shot Chillers

Tandem Chillers

Drake Refrigeration, Inc

Refra

Carrier

FRIGEL FIRENZE S.p.A.

Midea

Daikin Industries, Ltd.

Johnson Controls

Rite-Temp

General Air Products

ClimaCool Corp.

Fluid Chillers, Inc.

Multistack International Limited

Honeywell International, Inc

Recent Developments

In December 2022, Trane unveiled its latest offerings, the water-cooled XStream eXcellent GVWF and air-cooled Sintesis eXcellent GVAF chillers. These innovative chillers incorporate magnetic-bearing compressors and utilize the low global warming potential (GWP) refrigerant R1234ze. Equipped with high-speed centrifugal compressor technology, these chillers deliver larger capacities, wider operating maps to meet challenging European climate conditions, and enhanced seasonal efficiencies, all while maintaining a compact size

In April 2021, refrigeration equipment manufacturer Refra initiated production operations at its newly established facility in Vievis, located in close proximity to the capital city, Vilnius, Lithuania. Spanning an area of 12,000 square meters, the factory is situated approximately 40 kilometers northwest of Refra's headquarters in Vilnius. The expansion has resulted in the creation of employment opportunities for an additional 100 individuals

Order a free sample PDF of the Chillers Market Intelligence Study, published by Grand View Research.

[bharatoffpage]

Leading the Way: Top Coupling Manufacturers in India

Introduction:

In the intricate machinery of industrial operations, couplings play a pivotal role in ensuring seamless transmission of power and torque between two shafts. With India's burgeoning industrial landscape, the demand for reliable and high-quality couplings has soared, leading to the rise of several manufacturers catering to diverse sectors. Among these, Bharat Engineering stands tall as a beacon of excellence and innovation in the realm of coupling manufacturing. Let's delve into the realm of coupling manufacturing in India and explore what sets Bharat Engineering apart as one of the leading players in the industry.

A Brief Overview of Coupling Manufacturing in India:

The coupling manufacturing sector in India has witnessed significant growth over the years, driven by the expansion of key industries such as automotive, manufacturing, power generation, and more. Couplings serve as indispensable components across various applications, including pumps, compressors, conveyors, turbines, and marine propulsion systems, among others. This widespread utility underscores the importance of coupling manufacturers in ensuring the efficiency and reliability of industrial machinery.

Challenges and Opportunities:

While the coupling manufacturing sector in India offers immense opportunities for growth and innovation, it is not without its challenges. Manufacturers face the constant pressure to meet stringent quality standards, adhere to regulatory requirements, and stay abreast of technological advancements. Moreover, the competitive landscape necessitates continuous improvement in product quality, cost-effectiveness, and customer service to maintain a leading edge in the market.

Bharat Engineering: Setting Benchmarks in Coupling Manufacturing:

Amidst these challenges, Bharat Engineering has emerged as a frontrunner in the Indian coupling manufacturing industry. With a legacy spanning decades, the company has garnered a reputation for delivering superior-quality couplings tailored to meet the specific needs of diverse industrial applications. Here's what sets Bharat Engineering apart:

Innovative Product Range: Bharat Engineering offers a comprehensive range of couplings, including gear couplings, grid couplings, flexible couplings, and more, designed to deliver exceptional performance, durability, and reliability even in the most demanding operating conditions.

This enables Bharat Engineering to maintain stringent quality control measures at every stage of the production process, ensuring that each coupling meets the highest standards of precision and performance.

Customization Capabilities: Recognizing that every industrial application is unique, Bharat Engineering offers custom coupling solutions tailored to the specific requirements of its customers. Whether it's a standard coupling or a bespoke design, the company's engineering expertise and flexible manufacturing capabilities ensure that customers receive the perfect solution for their needs.

Commitment to Quality and Excellence: Quality is at the forefront of Bharat Engineering's ethos. The company adheres to rigorous quality assurance protocols and testing procedures to validate the performance and reliability of its couplings. This unwavering commitment to quality has earned Bharat Engineering the trust and loyalty of customers across industries.

Customer-Centric Approach: Beyond delivering exceptional products, Bharat Engineering prioritizes customer satisfaction. The company's dedicated team of professionals provides personalized support and assistance to clients throughout the entire lifecycle of their coupling solutions, from selection and installation to maintenance and after-sales service.

Conclusion:

In the dynamic landscape of coupling manufacturing in India, Bharat Engineering stands out as a shining example of excellence, innovation, and customer-centricity. With its diverse product range, advanced manufacturing capabilities, and unwavering commitment to quality, the company continues to set benchmarks for the industry, driving progress and prosperity in India's industrial ecosystem. As the demand for high-performance couplings continues to grow, Bharat Engineering remains poised to lead the way, empowering industries with reliable and efficient solutions for years to come.

[aircompressor88]

Becoming a dealer for Gajjar Compressors presents a wealth of opportunities for business growth and success. The company's trusted name, high-quality products, cutting-edge technology, comprehensive support, and commitment to sustainability make it an ideal partner. By joining the Gajjar Compressor family, you gain access to a lucrative market, exclusive territory rights, and strong brand recognition, positioning you for long-term success. If you are looking for a reliable and innovative partner to elevate your business, Gajjar Compressors is the right choice.

[tritonmarketresearchamey]

Industrial Air Purifier Market: Global Analysis

In recent years, environmental pollution levels soared immensely on account of industrial expansion. While pollution has varied forms, air pollution contributes to around 6.7 million deaths globally each year. Estimates indicate China and India witnessed the highest number of deaths in 2019, reaching about 1.8 million and 1.7 million, respectively. The alarming surge in air pollution is thus expected to boost the global industrial air purifier market.

Besides, industrial workers, especially in developing regions, face occupational risks of COPD and lung cancer due to a lack of safety standards and high PM 2.5 concentrations. As per WHO, occupational risks like airborne particles result in around 13% of COPD cases. Our estimates indicate that the global industrial air purifier market will advance with a CAGR of 7.06% over the forecast period 2022-2028.

Air Purification Stimulates Industrial Expansion

While air pollution severely impacts human health, it has a heavy economic impact, equating to approximately 3.3% of the world’s GDP. As per industry sources, in 2018, disability due to chronic diseases resulted in an economic loss of around $200 billion globally. Global air pollution concerns have influenced end-user sectors to deploy molecular and particulate filters to curb emissions:

The Food & Beverage category is expected to witness the fastest growth in the end-user segment. This is mainly attributed to the need for extremely hygienic conditions to prevent contamination in processing plants. Molecular filters are widely employed to collect volatile chemicals, fumes, and gases using activated carbon beds in F&B processing plants. Since these cleaners are specially designed to prevent contamination, companies like Camfil AB have introduced CC 6000 ProSafe air purifiers, especially for F&B and life science industries.

The Power category dominates within the end-user segment, garnering the highest shares. The surged energy requirements in developed and developing regions have soared filtration systems’ demand to maintain airflow. Air compressors, in this scenario, are critical for the processing units to remain operational for prolonged periods without shutdowns. This has elevated the demand for new filter technologies to enhance performance. For instance, a coal mining company in China’s Shanxi Province adopted Anguil’s new air filter to capture ventilation air methane and convert it into electricity.

The Metal Processing industry generates high-level contaminants from metal grinding and cutting, leading to a prevalence of respiratory diseases among workers. Compact air purifier emerges as a major segment, contributing around 37.08% in 2021. Since these purifiers offer air extraction and cleaning of large volumes of space, their demand has advanced immensely in the industry. Estimates suggest that around 100 million metalworking fluids are generated annually in the US, affecting over one million employees. These factors have increased air cleaners’ demand, thereby driving the North America industrial air purifier market.

Government Measures Widen Market Scope

Several government bodies have enforced regulatory measures to maintain the industrial air quality in order to protect employees from adverse working conditions. These measures have thus fueled the adoption of air filters, majorly driving the market in the Asia-Pacific, Europe, and North America.

The Occupational Safety and Health Administration recommended guidelines to maintain the indoor air quality in the US and Canada.

Canada’s government introduced the Federal Sustainable Development Strategy 2019 to 2022, which outlines sustainability actions in collaboration with partners to tackle air pollution.

In India, the Department of Science & Technology launched the Indigenous Photonic System for Real Time Remote Monitoring of Air Quality project to develop deployable air quality monitoring photonic system.

The German government aims to reduce greenhouse gas emissions by around 55% by 2030 under the Climate Action Programme and the Climate Action Act. It states annual reduction targets for individual industries.

Future Prospects of Air Purification Tech

As per Greenpeace Southeast Asia and the Centre for Research on Energy and Clean Air, air pollution accounts for about $2.9 trillion in economic cost globally. This factor and its detrimental impact on health have created possibilities for technological advancements in air purification systems. For instance, IoT-connected air filtration systems and growth in the portable cleaners market are making great strides, from polar ionization to the use of nanofibers.

Furthermore, filterless magnetic air purification deploys a tri-stage micro-trapping method combining polarization, impingement, and accumulation for a ‘trap and kill’ outcome to eliminate secondary pollutants’ activation in enclosed industrial spaces. Therefore, the development and deployment of smart and cost-effective filtration technology will be a major driving factor for the global industrial air purifier market over the forecast period.

FAQs:

Q1) What is the total value of the industrial air purifier market?

In 2021, the industrial air purifier market acquired $2711.30 million. It is expected to obtain revenue worth $4306.88 million by 2028. Q2) What are the types of industrial air purifiers?

Molecular and particulate are the two major industrial air filtration systems, with molecular accounting for the highest market share.