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 research report on Global 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.
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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
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.
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