SELLBYVILLE, Del., Nov. 22, 2017
/PRNewswire-iReach/ -- Air Compressor Market share will likely
surpass 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.
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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.
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]), Industry Analysis Report, Regional Outlook
(U.S., Canada, Germany, UK, France, Spain, Italy,
China, India, Japan,
Australia, Indonesia, Malaysia, Brazil, Mexico, South
Africa, GCC), 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
Chapter 5. Air Compressor Market, By Technology
5.1. Global air compressor market share by technology, 2016
& 2024
5.2. Rotary
5.2.1. Market estimates and forecast, 2013 -
2024
5.2.2. Market estimates and forecast, by region,
2013–2024
5.2.3. Screw
5.2.3.1. Market estimates and forecast, 2013 -
2024
5.2.3.2. Market estimates and forecast, by
region, 2013–2024
5.2.4. Scroll
5.2.4.1. Market estimates and forecast, 2013 -
2024
5.2.4.2. Market estimates and forecast, by
region, 2013–2024
5.2.5. Other rotary air compressors
5.2.5.1. Market estimates and forecast, 2013 -
2024
5.2.5.2. Market estimates and forecast, by
region, 2013–2024
5.3. Reciprocating
5.3.1. Market estimates and forecast, 2013 -
2024
5.3.2. Market estimates and forecast, by region,
2013–2024
5.4. Centrifugal
5.4.1. Market estimates and forecast, 2013 -
2024
5.4.2. Market estimates and forecast, by region,
2013–2024
Chapter 6. Air Compressor Market, By Lubrication
6.1. Global air compressor market share by lubrication, 2016
& 2024
6.2. Oil free
6.2.1. Market estimates and forecast, 2013 -
2024
6.2.2. Market estimates and forecast, by region,
2013–2024
6.3. Oil filled
6.3.1. Market estimates and forecast, 2013 -
2024
6.3.2. Market estimates and forecast, by region,
2013–2024
Browse Full TOC @
https://www.gminsights.com/toc/detail/air-compressor-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.
Media Contact: Arun Hegde,
Global Market Insights, Inc., +13028467766,
sales@gminsights.com
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SOURCE Global Market Insights, Inc.