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.
China air compressor market by technology, 2012 - 2022 (USD Million) |
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 Global 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 report 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:
http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
http://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
View press
release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-air-compressor-market
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
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