Press release
Stationary Air Compressor Market Emerging Trend Analysis of Ingersoll-Rand, Kaeser, Rolair Systems, Gardner Denver, Bauer Compressor, Sullivan-Palatek
Stationary Air Compressor Market, Stationary Air Compressor Market Study, Stationary Air Compressor Market Size, Stationary Air Co
Stationary Air Compressor market will surpass USD 30 billion by 2024. North America will be an important region in stationary air compressor market owing to the rise in oil & gas exploration in the region. A mature manufacturing sector in the U.S. will also be a major growth enabler for the regional industry. The North America stationary air compressor market revenue exceeded USD 2.5 billion in 2017 and will grow by a stable rate during the study period.
This report focuses on the top Manufacturers and players in global market are given bellow:-
Atlas Copco, Ingersoll-Rand, Kaeser, Rolair Systems, Gardner Denver, Bauer Compressor, Sullivan-Palatek
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Stationary Air Compressor Market Size, By Technology (Rotary, Reciprocating, Centrifugal)
By Lubrication (Oil Free, Oil Filled)
By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare)
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait)
Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024
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Global automotive industry growth will also positively impact the stationary air compressor market development till 2024. Increasing vehicle production in the Asia Pacific region will boost stationary air compressor?s demand as they an integral part of every car air conditioner. The product is also used to power air brakes of heavy duty automobiles as well as commercial vehicles. Asia Pacific accounted for more than 50% of the worldwide production of automotive in 2016. Automotive production rates have been rising in several countries of Asia Pacific such as India, China, Vietnam, etc. These factors will result in increased product demand in the Asia Pacific region for use in automotive manufacturing and will augment the stationary air compressor market development during the study period.
Rotary stationary air compressor market segment will witness a favorable growth rate in the study period and will account for approximately two-third of the overall industry by 2024. The increasing usage of rotary types in the manufacturing industry owing to their advantages over other product types will be a major factor behind its market development.
Oil-filled stationary air compressors market will be augmented by their increasing usage in a wide range of end-user industries such as power plants, mining, oil & gas, etc. The segment?s revenue in 2024 will exceed USD 14 billion as their advantages over oil-free stationary air compressors such as low maintenance costs and high efficiency & capacity will result in a substantial growth rate in the study period.
Food & beverage is a key application segment in the stationary air compressor market which is likely to grow by a CAGR of around 3% in the forecast period. Mostly the oil-free types are employed in this industry as they lower the chances of food contamination.
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