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.
For more information: www.grandviewresearch.com
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