Global Industrial Air Compressor Market Size is estimated to expand rapidly in coming years, at a CAGR of 7.45 % from 2018 to 2025. In 2017, the global market valuation was USD 27.8 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. An industrial air compressor is an electric motor to transform power into potential energy in compressed air and forcing these air compressors to storage tanks by increasing the pressure that stops when the tank pressure exceeds the air limit. Instead compressed air is used by the use of the kinetic energy of water as emitted in several industries. In the forecast period, the increasing demand for power-efficient compressors would drive the market for industrial air compressors. Air compressors are one of the main equipment in any heavy industrial assembly line. Uses vary from heavy air compressors for manufacturing and petrochemical gases to basic spray arms for the automotive industry.
Global Market Growth Opportunities (Revenue, Growth) By 2019-2027
The fields for petroleum and oil, food and beverage processing, manufacturing, infrastructure, mining and healthcare companies have also been using commercial air compressor applications. Compressed air is an efficient way of driving the industrial process in several sectors because it is deemed simpler and healthier than many electric or hydraulic machines.
The industry has implemented an efficient system through growing use of the pressure air system, since in general high-compression air requires heavy pumps to reach the level of stress. Its use is very powerful. In order to dispense the generated heat, the air compressor system also needs a liquid cooling and air cooling system which adds costs.
Some regulation aiming at the elimination of CO2 pollution has been adopted by the European Union and other countries and is projected to further boost the market efficiency related research.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global industrial air compressor market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial air compressor market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.
During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global sexual dysfunction & disorders drugs market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
We have covered two proprietary models in the sexual dysfunction & disorders drugs report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.
By Type Insights: On the basis of type, global industrial air compressor market has been segmented into positive displacement & dynamic. The positive displacement air compressor category, according to product type, is expected to lead the industrial air compressor industry. A large range of applications and a growing demand for air and gas compression across industries fuel the demand for positive air transport compressors. A number of major factors are expected to be the rapid industrialization of emerging economies and high demand for processed food, which will strengthen the grid network of cross-border oil & gas transportation around the world.
By End User Insights: On the basis of end user, global industrial air compressor market has been segmented into automobile ,oil & gas, food & beverages, manufacturing, healthcare, power generation, construction & mining. After its rebound from the 2008 financial meltdown, the automobile industry experienced substantial growth. The rise of the automotive industry in the last years has been driven by technological developments like electric cars and self-driving technologies. Automotive manufacturing of commercial air compressors has become an important market. When automobile production increases, commercial air compressors will also rise.
Performance and quality are important components of a vehicle, the price of process is also an essential element of product design. Air compression was a prime choice in many critical applications to reach the optimal situation for efficiency and device costs. Emerging systems such as command of cars complex, steering, installation of airbags, pneumatic stress tracking, etc. need more components than ever before.
The industrial air compressor market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
From 2019 to 2026, the Asia-Pacific is expected to be the leader both on development and market size in the industrial air compressor sector. The demand in this area is led by high growth in the electricity generation industry, in the meat, drink and pharmaceutical sector and by recent and constructive policy changes to promote the growth of the industrial sector in India and China. The biggest demand in the world is anticipated for China and is expected to grow from 2019 to 2026 on a positive CAGR. The second highest growth rate is expected to follow in the same timeframe for India.
Countries in North America are investing in renewable energy sources as a result North America region is expected to witness high growth in the global market of industrial air compressor.
Global Industrial Air Compressor Market Size, Share Analysis by Region 2018
Global Industrial Air Compressor Market Study Objective
1. To forecast the market size of industrial air compressor market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of industrial air compressor market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of industrial air compressor market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of industrial air compressor market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the industrial air compressor market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Atlas Copco AB, Kobe Steel Ltd., Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd., Suzler Ltd., Ebara Corporations, Porter Cable, and VMAC Global Technology Inc. are some of the key players in the global market of industrial air compressor. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Industrial Air Compressor Market Study Report Offer You!
The global industrial air compressor market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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