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 Air Compressor Market: https://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: 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
- 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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