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Reciprocating Air Compressor Market 2019 By Industry Trends & Regional Forecast To 2024

Author : Rahul Varpe | Published Date : 2019-09-23 

The Reciprocating Air Compressor Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, size and trends worldwide. 

Reciprocating Air Compressor market will surpass USD 6.4 billion by 2024; according to a new research report. Rapid industrial development in the Asian countries will propel the reciprocating air compressor market they are widely used in various industries including food & beverage, oil & gas, energy, electronics, manufacturing, etc. Asia Pacific has been witnessing a healthy industrial development over the past few decades with the region accounting close to 40% of the global output. Automotive, electronics, manufacturing, and mining activities have witnessed a sharp growth in the last decade. 

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The size of reciprocating air compressors is one the crucial factors restraining the market growth. The size of a compressor tends to increase with increased capacity. Bulkier size results in higher amounts of noise and air pollution along with problems related to space limitations. Larger compressors are also less efficient than smaller ones leading to higher energy consumption.

Stationary product type is expected to dominate the reciprocating air compressor market over the predicted time. This is owing to the high strength, efficiency, low oil level switch, automatic tank drain, and other superior features of the product. Significant demand for the product from automotive, manufacturing and other end-use industries will boost the segment demand by 2024.  The reciprocating air compressor industry is categorized into single and double acting technology-based air compressor. From these, single-acting will hold more than one-third share of the complete segment by 2024 owing to its wide acceptance and usage in automotive workshops and also used for household purposes.

What are the important points that the Reciprocating Air Compressor Market report covers with respect to the Application landscape?

  • The report segments the Reciprocating Air Compressor Market into Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare as per the Application spectrum.
  • The market share that each of the Application segments account for in the industry currently, are provided in the report.
  • The growth rate at which the Application categories will increase over the forecast period have been mentioned, in tandem with the target valuation that each of the sub-segments will accrue by the end of the projected period.

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The industry is split into lubrication type which include oil filled and oil free. Oil filled segment will capture more than half of the whole share in 2024 owing to its superior mechanical features coupled with substantial use in manufacturing and industrial areas.

Home appliances application segment will capture more than half volume share in the application segment in coming years. This is all due to its extensive usage in air conditioners, freezers, refrigerators and other household appliances. Development in home appliances industry will boost the reciprocating air compressor market in the forecast timeframe.

Mexico reciprocating air compressor market will seize over half of the volume share in 2024 due to mature household and food & beverage industries coupled with significant growth in manufacturing industry. This in turn will positively influence the Latin America reciprocating air compressor market throughout the forecast period. 

Other important pointers encompassed in the report:

  • The Reciprocating Air Compressor Market study presents a 360-degree synopsis of the industry in question, covering all the latest aspects possible.
  • The numerous pricing trends prevalent in the Reciprocating Air Compressor Market are presented in the report.
  • Pertaining to the competitive landscape, the report also includes a snippet about the financial data of the companies included.
  • A gist of the regulatory norms governing the Reciprocating Air Compressor Market across the developed and developing economies has been enumerated in the study.
  • For the sake of convenience, the Reciprocating Air Compressor Market report also explicates on the market definitions referred to in the document.

Atlas Copco, Quincy Compressor, Elgi Compressors, Emersion Climate Technologies, Gardner Denver, Sullair, Ingersoll-Rand, Kaeser Kompressoren, and Frank Technologies are the major players in reciprocating air compressor market.

Related news -https://www.marketwatch.com/press-release/conveyor-belt-market-projections-2025-food-and-beverage-application-register-45-cagr-2019-09-20

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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