Ocean View, Delaware, Sept. 20, 2017 (GLOBE NEWSWIRE) --
Air Compressor Market share is set to cross USD 40 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing industrial activities will propel the air compressors market owing to their extensive use in various end-user industries which include manufacturing, oil & gas, electronics, food & beverages, and others.
With robust industrial development in Asia Pacific since the past several years, the region has been generating enormous industrial output. Automotive and manufacturing industry is witnessing sharp growth owing to abundance of raw material and easy availability of labor. Increasing use of various machines for manufacturing purposes will fuel air compressor market demand in this region.
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Demand for better and superior quality machine is driving the air compressor market demand since the past few years. Air compressors have gradually developed to become lighter weight and compact in design & shape since past few years. Due to environmental regulations, lower gas emitting, lesser noisy, and energy efficient compressors are also in great demand. Introduction of portable, electric, and lighter weight machines is fueling the demand for air compressors market. Oil free air compressor market will also see rapid growth owing to the food security and oil contamination caused by oil filled machines.
Air compressors market is on a continuous technological development as machineries are gradually being developed with superior qualities to perform better. For the usage of up-to-date technology in products, these machineries are being preferred on rental basis other than their purchase. This factor will act as a restraint for the air compressor market as it can result in lowering sales of the product industry.
Air compressor market is segmented into stationary and portable on the basis of product. With a major share, stationary segment is said to surpass USD 29 billion by the end of the forecast period.
Centrifugal will surpass USD 35 billion by the end of 2024 to capture close to 40% of the entire air compressor market share. They have extensive industrial applications which need high capacity and larger discharge rates. With long run compatibility, the product needs very low maintenance.
Browse key industry insights spread across 240 pages with 366 market data tables & 13 figures & charts from the report, “Air Compressor Market Size By Product (Portable, Stationary), By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductors & Electronics, Manufacturing, Healthcare [Medical, Dental]), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/air-compressor-market
Increasing security regulations and lowering the contamination levels in food will propel the oil-free air compressor market in the forecast period. The product also finds extensive application in healthcare industry for respiratory support systems and air ventilators. The segment will foresee exponential growth in the North American region owing to strict food regulations.
Increasing home appliances and electronics demand in the Asia Pacific region will drive the air compressor market demand in this region. The segment is said to surpass USD 5 billion by the end of the forecast period owing to its increasing usage in refrigeration systems, air conditioners, and other appliances.
Mature industrial manufacturing and home appliance industry, owing to huge company production hubs located in this region will drive the Europe air compressor market at a steady rate in coming years. Increasing oil extraction and drilling activities in middle east will further propel the oil injected air compressor market demand in this region.
Key players in the air compressor market include Ingersoll-Rand, Kaeser Kompressoren, Atlas Copco, Vanair, VMAC Company, Zen Air, AireTex Compressors, Belaire Compressors, Ciasons Industrial, Quincy Compressor, Sullivan-Palatek, Oasis Manufacturing, and Hitachi Industrial Equipment Systems to name a few.
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Browse Related Reports:
- Oil-Free Air Compressor Market Size By Technology (Rotary, Reciprocating, Centrifugal), By Product (Stationary, Portable), By Application (Semiconductor & Electronics, Healthcare, Oil & Gas, Home appliances, Food & Beverage, Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, China, India, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023
https://www.gminsights.com/industry-analysis/oil-free-air-compressor-market
- Commercial Refrigeration Equipment Market Size By Application (Food & Beverage Retail, Food & Beverage Distribution, Food & Beverage Production, Food Service), By Product (Refrigerators & Freezers, Transportation Refrigeration Equipment, Beverage Refrigeration), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023
https://www.gminsights.com/industry-analysis/commercial-refrigeration-equipment-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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