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Stationary Air Compressor Market is slated to expand at a swift pace over 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-06-25 

The Stationary Air Compressor market study collated by Global Market Insights is a detailed sketch of the business sphere in terms of current and future trends driving the profit matrix. The report also indicates a pointwise outline of market share, market size, industry partakers, and regional landscape along with statistics, diagrams, & charts elucidating various noteworthy parameters of the industry landscape.

According to a research report compiled by Global Market Insights, Inc., the home appliance segment of stationary air compressor market 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. 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.

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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.

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,

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.

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.

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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.

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.

 

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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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