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Air compressor market to witness remarkable proceeds over 2019-2024, global industry valuation to exceed USD 40 billion by 2024

Author : Rahul Varpe | Published Date : 2019-03-15 

One of the most prominent technologies in air compressor market is the rotary-based product. Rotary compressors are deployed across a slew of prominent industries such as mining, printing, healthcare, and metallurgy. Driven by their expansive implementation, rotary-based products hold a majority of the overall industry share – indeed, rotary air compressor market size has been expected to surpass a valuation of USD 15 billion by 2024.

The debut of a breakthrough compressed air technology by Ingersoll Rand unrefutably adds up an extra feather to air compressor market growth. Ingersoll Rand, one of the leading names in air compressor industry is reported to unveil the advanced R-series oil flooded screw compressors (RS200 to RS250) and enriched CARE Suite service programs at ComVac 2017, Germany, this year.

As claimed by the global leader, this next generation R-series compressors is almost 15% more energy competent when compared to conventional products. Speaking of CARE suit service, the company affirmed that by far it is the most comprehensive maintenance offering available in the market, with an improved reliability and cost competitiveness.

Spanning the gigantic expanse of industrial sector, air compressor market is on its way of becoming one of the fastest growing business spaces of recent times, given the widespread product deployment across food & beverage, electronics, oil & gas, and manufacturing domains. The year 2017 has attained a profitable quotient for the overall industry, in terms of remuneration. One of the principal reasons why air compressor industry has gained an enviable popularity is the robust industrialization across APAC belt over the recent years. Macro-economic development along with increased disposable incomes across major economies like India, China, Japan has remarkably stimulated APAC automotive sector, another factor that has boosted air compressor market demand.

To access a sample copy or view the air compressor market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/377

In fact, as per the reliable statistics, APAC automotive market is probably one of the fastest emerging business spaces, bearing a record of almost 51.5 million units of automotive sales in 2016.  In addition, this region is a profound investment destination for various European auto makers who have already initiated establishment of capitally intensive manufacturing units in Asia Pacific belt. Air compressor industry is essentially defined as a business arena which is closely linked with automotive sector proliferation, subject to the fact that air compressors find extensive application in vehicle air conditioning system, air breaks, and engines.

As the investments across these end-use domains rise, the demand for air compressors is likely to increase drastically, that would eventually impact the commercialization portfolio of Europe air compressor industry in the years to come.

Stringent mandatory roll outs implemented by governmental bodies with regards to sound pollution is somehow acting as a major hurdle in air compressor market growth, subject to the fact the operation of conventional air compressors involve high level noise. However, the aggressive efforts by the industry players to come up with noise proof technologically advanced solutions is expected to combat the growth hurdles in the coming years. Some of the renowned names include Kaeser Kompressoren, Vanair, Atlas Copco, VMAC Company, AireTex Compressors, Zen Air, Belaire Compressors, Quincy Compressor, Ciasons Industrial, Sullivan-Palatek, Hitachi Industrial Equipment Systems, and Oasis Manufacturing.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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