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0.000424734540911828 0 0 -0.00062460961898823 0.0124921923797626 0.00312304809494071 0.00249843847595248 -0.0062460961898813
Stock impact report

Compressor Market Set to Reach Valuation of USD 251.23 Billion By 2050 | Astute Analytica [Yahoo! Finance]

Garrett Motion Inc. (GTX) 
Last garrett motion inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Advances in technology, such as variable speed drives and smart controls, reduce energy consumption and operational costs. Additionally, eco-friendly refrigerants and noise reduction techniques are enhancing environmental compliance and user experience, transforming traditional compressor applications across industries. New Delhi, Aug. 05, 2024 (GLOBE NEWSWIRE) -- The global compressor market is projected to hit the market valuation of US$ 251.23 billion by 2050 from US$ 42.96 billion in 2023 at a CAGR of 6.82% during the forecast 2024–2050. The global compressor market is experiencing significant growth, with certain countries showing particularly high demand due to their industrial activities and economic developments. China and India are at the forefront of this demand surge. In China, the presence of extensive manufacturing hubs and the government's initiatives to build a cohesive national gas network have significantly boosted the demand for compressors. The Chinese market is Show less Read more
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