Atlas Copco’s recent product launch is anticipated to set new standards of energy efficiency in the swiftly evolving stationary air compressor market. The Sweden-based industrial tools manufacturer has unveiled a new generation of G7-15 series oil-injected rotary screw air compressors that assist users in optimizing efficiency and minimizing their energy costs substantially. The latest air compressors, available in 7 kW, 11 kW and 15 kW variants, provide numerous enhancements in terms of reliability and Free Air Delivery (FAD) by up to 3%. Atlas’s product launch is one of the most significant instances that underscores the convergence of various advanced technologies that have majorly driven stationary air compressor industry trends in the recent past.
Europe Stationary Air Compressor Market Size, by Application, 2013 – 2024 (USD Billion)
Additionally, the new compressors are said to be creating quite a buzz in the stationary air compressor market given that they have been equipped with an easy-to-utilize electronic base controller that displays temperature readings, service warnings, and display running hours. Apparently, these advanced features aid in easy installation of the newly launched compressors and can be adjusted directly from the electronic controller.
Meanwhile, the latest G7-15 series of compressors are being regarded as the apt replacements for the previous GX11EL and GX7EL models of the firm and are likely to further reinforce the stance of Atlas Copco in the fast-evolving industry in the times to come.
Enumerating yet another instance that highlights the efforts being put in by major companies to increase the durability and efficacy of air compressors, Ingersoll Rand has recently unveiled new models of its flagship R-Series oil-flooded rotary screw air compressors in India. According to the statement released by the Irish firm, the latest RS200 to RS250 air compressor models come with a variable speed option of up to 35 percent which is the industry average and have proved to be 10 percent more efficient compared to legacy products.
The improved variable speed option enables these new air compressors to substantially lower energy costs by approximately 10 percent for huge production facilities. Being termed as the most appropriate solution that would boost operational excellence and increase uptime in manufacturing processes of various business verticals, the launch of this next-gen compressors would evidently bolster the product landscape of stationary air compressor market.
In fact, as per the findings revealed in an internal test conducted by Ingersoll Rand, some of these newly introduced high-capacity compressors deliver up to INR 23.4 lakh energy cost savings over a period of two years compared to previous models. Apparently, industry experts claim that the RS200 to RS250 models would undeniably make a mark in the stationary air compressor market given that they are being made available with a single-stage and two-stage air end that amplifies airflow by up to 16 percent which is quite significant.
Owing to a marked increase in disposable incomes of people residing in emerging economies, the home appliances industry share has witnessed an exceptional augmentation in the past few decades. In this regard, it is quite imperative to mention that the growing fortunes of home appliances segment has eventually benefited the stationary air compressor market given the fact that these compressors are being utilized massively in air conditioners, refrigeration systems, freezers, and other household appliances. In fact, according to a research report compiled by Global Market Insights, Inc., the home appliance segment of stationary air compressor industry generated a revenue of more than USD 6 billion in 2017 and is slated to expand at a swift pace in the times to come.
The mounting environmental concerns across the globe have necessitated almost every business vertical to reduce greenhouse gas emissions which invariably has resulted in an increased demand for energy-efficient products. Driven by a robust product demand from a range of business domains including healthcare, semiconductor & electronics, energy, oil & gas, food & beverage, and home appliances, the commercialization potential of the market is certain to progress at a commendable pace. With increasing investments by manufacturers in the research & development of upgraded products, the stationary air compressor industry share is slated to exceed a laudable revenue collection of about USD 30 billion by 2024.