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Stationary Air Compressor Market Growth Statistics and Research Analysis | 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-08-29 

With incessant efforts by the market participants toward introducing advanced products that are not only energy efficient and user friendly but also convenient to store, the stationary air compressor market is expected to remain strong in terms of its commercialization matrix. The worldwide stationary air compressor industry share has been projected to exceed USD 30 billion by 2024, as per a report by Global Market Insights, Inc.

Asia Pacific vehicle production accounted for almost 30% of world’s vehicle production, in the year 2016. As automotive giants are increasingly switching to pneumatic tools, stationary air compressors are finding an extensive adoption in this sector. APAC’s commendable proportion of dominance in automotive sector undeniably gives it an upper hand in the regional stationary air compressor industry hierarchy. APAC belt is slated to cover almost 60% of global stationary air compressor market share by 2024.

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Asia Pacific belt in recent times has become a potential hub for manufacturing activities, which is likely to provide a significant impetus to regional stationary air compressor market. The massive scope of APAC market can be majorly attributed to the robustly expanding automotive domain across emerging economies like China and India. As per reliable sources, China is claimed to be world’s largest auto manufacturing country since 2009.

Hermetic compressors are witnessing a massive demand from this segment owing to its extensive deployment in air conditioners, refrigeration systems, freezers, and other household appliances. In this regard, developing economies are slated to witness a phenomenal growth in terms of stationary air compressor market expansion, given the swift growth in the personal household appliances sector in these regions.

Stationary Air Compressor Market by Application:

  • Home appliances
  • Food & beverage
  • Oil & gas
  • Energy
  • Semiconductor & electronics
  • Manufacturing
  • Healthcare
  • Others

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The key stationary air compressor market players are: Atlas Copco, Hubei Teweite Power Technology Company Limited, Sullair, Zen Air Tech, Kaeser Kompressoren, Saylor-Beall Manufacturing Company, Ingersoll-Rand

Kaeser Kompressoren, the Germany headquartered firm that constitutes the competitive spectrum of stationary air compressor market has recently launched a new series of FSD rotary screw compressors, specially designed to ensure efficient compressed air production. Allegedly, this latest range not just exhibits outstanding performance, but also provides highly competent modular compressed air solutions with free air deliveries of 57 m³/min. The series has already garnered rave reviews in stationary air compressor industry, subject to its unique amalgamation of excellent features.

Related News: https://www.marketwatch.com/press-release/north-america-and-europe-snow-blowers-market-is-expected-to-pick-up-a-remarkable-growth-from-increasing-effect-of-global-warming-by-2024-2019-08-29

About Global Market Insights:

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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