About Compressor Blades
Compressor is a component of turbine which compresses the air and sends it to the combustion chamber. The blades are made of steel alloys which move the gases that are formed by the explosion by this mixture. Also, it contains the multiple layers on the long plateau surface. The layers zero to five are installed axially and above layers are installed radially. Hence it is very difficult to install them. However, its usage of compression is creating a demand which is fueling the market
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Compressor Blades market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BTL (United Kingdom), GE Aviation (United States), GKN Aerospace (United Kingdom), Rolls Royce (United Kingdom), Turbocam International (United Kingdom), UTC Aerospace (United States), Chromalloy (United States), Hi-Tek Manufacturing (United States), Moeller Aerospace (United States) and Snecma (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are CBlade S.p.a. Forging & Manufacturing (Italy), Stork (United Kingdom) and Pacific Sky Supply, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Compressor Blades market by Type (High-pressure Compressor Blades and Low-pressure Compressor Blades), Application (Civil Aircraft and Military Aircraft) and Region.
On the basis of geography, the market of Compressor Blades has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In November 2018, UTC has acquired Rockwell Collins. This acquisition will fill the void created by the divestment of Sikorsky.
In May 2018, Avionica and GE aviation has formed a joint venture as GE has acquired the ownership interest in Avionica. This joint venture will be accelerating the edge processing and wireless connectivity.
Market Drivers
- Growing aerospace industry is fueling the growth of the market
- Rising need of compressor blades in energy production
Opportunities
- Latest technological advancements are done for the compressor blades
- Rising industrialization in developing countries
Restraints
- High costs associated with the compressor blades
Challenges
- Lack of skilled labors for the manufacturing of compressor blades
- Various tools required for installation and inconsistency in them affects blade installation
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.