China air compressor market by technology, 2012 - 2022 (USD Million) |
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.
Full Research Report On air compressor market Analysis:
http://www.grandviewresearch.com/industry-analysis/air-compressor-market
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.
View More Reports Of This Category By Grand View Research
At: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies
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: https://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
For More Information: www.grandviewresearch.com
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