Global Sliding Vane Air Motor Market is projected to reach $3.68 billion by 2025, by Top Key Players Atlas Copco, Parker Hannifin Corporation, SANEI Co. Ltd., Ingersoll-Rand, Bibus AG, FIAM, Desoutter Industrial Tools, Globe Airmotors, Sommer-Technik, and
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Allied Market Research recently published a report, titled, “Sliding Vane Air Motor Market: Global Opportunity Analysis and Industry Forecast, 2018-2025”. The report states that the global sliding vane market accounted for $2.58 billion in 2017 and is projected to reach $3.68 billion by 2025, registering a CAGR of 4.61% from 2018 to 2025. By accumulating 36.0% of global revenue in 2017, Asia-Pacific dominated the global market share, which was followed by Europe in second place.
Sliding vane air motors are essentially air motors that consist of multiple vanes fitted on a slotted rotor. These motors convert the potential energy stored in the form of compressed air into mechanical work, by exerting pressure on the vanes that provide rotational motion to the central shaft. A rise in investment toward enhanced industrial tools and systems and efficient performance with low fuel consumption in hazardous conditions drive the growth of the sliding vane air motor market. However, market growth is seriously impeded by the high energy consumption of these motors and their low demand for heavy duty applications.
The products segment accounted for the highest market share of about 74.0% in 2017 and is expected to grow at a CAGR of 4.34% during the forecast period. Among end-user industries, the others sector is expected to be the leading revenue contributor in rotary vane air motor market in the coming years. The industrial equipment segment accounted for a major share of about 75.0% in 2017, owing to an increase in demand for tools with variable torque, speed, and fastening capabilities.
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Asia-Pacific is one of the fastest growing regions in the global sliding vane air motor market. It is expected to witness higher growth rate during the forecast period, owing to an increase in demand for sliding vane air motor in industrial equipment used in automotive and manufacturing industries.
Prominent players, such as Atlas Copco, Parker Hannifin Corporation, SANEI Co. Ltd., Ingersoll-Rand, Bibus AG, FIAM, Desoutter Industrial Tools, Globe Airmotors, Sommer-Technik, and Ferry Produits, have focused on developing new products and components to sustain the competition and expand their market presence.
The global sliding vane air motor market signifies a notable growth due to the increase in deployment of sliding vane air motors in various tools and industrial equipment. Sliding vane air motors are air motors that constitute multiple vanes fitted on slotted rotor. These motors utilize the energy stored in the form of compressed air to exert pressure on vanes, which provide rotational motion to the central shaft. Increase in demand for tools with variable torques and fastening capabilities majorly increase the adoption of rotary vane air motors. However, these air motors need unfavorable energy in heavy duty application, which hinder the growth of the market.
Furthermore, there is an increase in demand for the vane air motors in industrial equipment used in automotive and manufacturing industries. This increase in demand majorly boosts the growth of the air motors in the Asia-Pacific market. In addition, LAMEA is projected to be among the fastest growing segments during the forecast period, owing to the ability of the air motors to perform efficiently in hazardous condition without damage, which is projected to increase the requirement in mining and oil & gas processing industries.
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