Research Nester has recently
announced its latest research on “Air Compressor Market: Global Demand
Analysis, Growth & Opportunity Outlook 2023".Air compressors are used
in numerous industrial and non-industrial processes across the globe. It
enables the supply and control of air and gas by compressing the gas inside the
cylinders with the help of a piston. Air-compressor along with check-valves regulates
the flow of gas according to the requirements in different industrial
processes.
Rapid growth in automobile
industry, increasing adoption of energy saving equipment for various
operations, technological advancements in power generation sectors, rising
demand for efficient air compressors owing to increasing infrastructure in
industrial and non-industrial processes etc. are some of the key factors
expected to augment the market growth for air compressor market in near
future.
Market
size and forecast
The
global air compressor pump market is estimated to expand at a CAGR of 4.1% over
the forecast period i.e. 2016-2023. Further, the global market of air
compressor is projected to garner USD 36.2 Billion by 2021 on account of
increasing adoption of cost-effective production methods to increase
profitability.
Likewise,
under the market of air compressor, centrifugal technology segment is projected
to register a CAGR of 3.8% over the forecast period and the market of
reciprocating air compressor is expected to surpass USD 7.6 Billion by 2023.
The
air compressor market of Asia-Pacific is estimated to dominate the overall
market of air compressor in near future. Moreover, the market is anticipated to
flourish at a CAGR of 4.3% over the forecast period i.e. 2016-2023 across the
Asia-Pacific region. Riding on the back of intensification of power
generation, extraction of oil & gas, up-surged demand from refineries etc.
are projected to open new avenues for the suppliers in Asia-Pacific region. On
the other hand, North America and Europe market is expected to remain uniform
over the forecast period i.e. 2016-2023. The saturation in various end-use
industries in both the regions is likely to help air compressor demand
marginally in near future. Furthermore, wide-scale applications of air
compressors in various industries such as automotive, pharmaceuticals, oil and
gas, manufacturing industry, rising need of air compressors in food and
beverage owing to obligations on food safety and health necessities etc. are
projected to swell the demand for air compressor pumps in various industries
across the globe.
However,
rapid growth in Middle-East countries and increasing urbanization in Latin
America region are offering essential opportunities for end-use industries for
expansion of business which will further expected to drive the demand for air
compressors in the region during the forecast period. In addition to that,
emergence of pharmaceutical industries, huge investment in healthcare sector
and rising concern towards quality product are projected to escalate the demand
for air compressor pumps in near future.
Demand Analysis By
Market Segmentation
Our
in-depth analysis segmented the global air compressor market in the following
segments:
By
Product Outlook
·
Stationary
air compressor
·
Portable
air compressor
By
Technology Outlook
·
Reciprocating
·
Rotatory
·
Centrifugal
By
Lubrication Outlook
·
Oil
Filled
·
Oil
Free
By
Application Outlook
·
Semiconductors
& Electronics
·
Food
& Beverage
·
Healthcare
·
Home
Appliances
·
Manufacturing
·
Oil
& Gas
Growth Drivers and
challenges
Rapid
growth in industrial automation and automobile industries, introduction of
next-generation air compressors, availability of retrofitting air compressors,
growing demand of replacement, emergence of power, oil and gas industries in
growing economies are some of the major key factors anticipated to boost the
demand for air compressor in near future.
Key Players
The
key manufacturers of air compressor market are as follows:
Siemens
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
To know more about this research, kindly
visit:
For Table of Content & Free Sample Report Contact:
Ajay Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
From portable air compressors, oil-free compressors to rotary screw compressors, Cooper Freer can provide regular and cost effective air compressor services in Leicester, Peterborough, Corby, Northampton, Nottingham, Derby, UK, Milton Keynes, Kettering, Coventry, and Lincoln.
ReplyDelete