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V. Emerging Market Demand
Asia-Pacific Industrialization:
Manufacturing expansion in China and India is driving demand for mid- to low-end equipment. The centrifugal compressor market in the region is projected to reach $6 billion by 202534.
Growth of New Energy Industries:
Surging demand from EVs, hydrogen energy, and other sectors is expected to push the market size to $9.144 billion by 203158.
