The global air compressor market is
expected to reach USD 37.18 billion by 2022, according to a new report by Grand
View Research, Inc. Increasing industrialization and growing awareness on
energy saving has led to advancements in compressor technology. Advent of
energy efficient air compressors, facilitating the gas transfer process for
various non-industrial and industrial activities is projected to drive growth
over the forecast period. This advancement in technology would limit the noise
generation and air contamination, thereby leading to higher adoption in
construction activities in developing markets over the forecast period.
Growing replacement
demand is anticipated to be a substantial driver for the rotary equipment
industry, as aged equipment undergoes part replacements, retrofits, overhaul or
complete substitution with improved technology.
Rising demand in non-oil
and gas-based projects such as metal & mining, infrastructure,
desalination, power and petrochemicals is expected to drive the overall air
compressor market. Regulations and requirements related to carbon dioxide
emissions from products and industrial processes are expected to increase
gradually. Additionally, increasing home appliances demand in emerging regions
is projected to drive the air compressor industry over the next seven years.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/air-compressor-market
Further key findings from the study suggest:
·
The air compressor market primarily
includes stationary and portable products. The convenience in handling portable
air compressors has increased its adoption in low-duty applications. They also
require low maintenance as they have few wearing parts. Stationary products
accounted for over 55% of the overall revenue share in 2014.
·
Based on technology or principle of
operation, the market is categorized into centrifugal, rotary and reciprocating
compressors. Rotary/screw segment accounted for over 45% of the global market
in 2014. High operational cost of these products is expected to dampen sales
over the forecast period. Escalating demand for energy has broadened the
prospects for the centrifugal segment. Commercial requirements focused on the
environment, need for decreased cost of ownership and effective energy use is
expected to boost sales volume.
·
The oil-free segment accounted for over 30%
of the overall industry in 2014. Growing food & beverage industry in North
America has boosted demand for this equipment. This growth is attributable to
growing need for high-quality compressed air in processes such as packing and
dehydration.
·
Asia Pacific is expected to witness
substantial growth over the forecast period. Rising demand for gasoline, diesel
and other fuels has led to the establishment and development of oil refineries
and petrochemical plants in Brazil.
·
Notable companies operating in the air
compressor market include Bauer Group, Chicago Pneumatic, Atlas Copco, GE
Energy, and BelAire. Vendors are placing emphasis on energy efficient
environment and aiming to sustain profits by offering high-capacity products to
various process industries.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
For the purpose of this
study, Grand View Research has segmented the air compressor market on the basis
of product, technology, lubrication method, application, and region:
Air Compressor Product Outlook (Revenue, USD Million,
2012 - 2022)
·
Stationary
·
Portable
Air Compressor Technology Outlook (Volume, Million Units
& Revenue, USD Million; 2012 - 2022)
·
Reciprocating
·
Rotary
·
Centrifugal
Air Compressor Lubrication Outlook (Revenue, USD Million,
2012 - 2022)
·
Oil filled
·
Oil free
Air Compressor Application Outlook (Revenue, USD Million,
2012 - 2022)
·
Semiconductors & Electronics
·
Food & Beverage
·
Healthcare
·
Home Appliances
·
Energy
·
Oil & Gas
·
Manufacturing
·
Others
Air Compressor Regional Outlook (Revenue, USD Million,
2012 - 2022)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
MEA
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-air-compressor-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment