Global Rotary Air Compressor Market would grow at a CAGR of 4.50% from 2017 to 2023 With Key Players : Atlas Copco AB, Kobe Steel Ltd., Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd., Suz
The stationary segment dominated the Rotary Air Compressor market in 2016, with around 60% revenue share and it is anticipated to exhibit fastest growth rate. This is attributed to the growth of construction, manufacturing, and oil & gas industry.
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Allied Market Research published a new report, titled, “Rotary Air Compressor Market by Type, Lubrication Method, and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2016–2023.” The report states that the global rotary air compressor market generated $9.29 billion in 2016, and is expected to generate $12.63 billion by 2023, registering a CAGR of 4.50% from 2017 to 2023. Stationary and oil free segments would witness the significant growth potential and would create new opportunities for market players.
The oil free segment dominated the global Rotary Air Compressor market, with around 55% share in 2016, followed by oiled segment. Furthermore, oil free segment is estimated to grow at the highest CAGR of 4.80%, owing to widespread adoption of advanced products. For instance, in October 2016, Kobe Steel launched Emeraude-ALE oil-free air compressors.
The manufacturing segment dominated the Rotary Air Compressor market in 2016, with around 33% revenue share and power generations segment is anticipated to exhibit fastest growth rate. This is attributed to the rising demand from Asia-Pacific region.
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Asia-Pacific was the highest revenue contributor in 2016, accounting for around 38% share. Asia-Pacific is projected to grow at the significant CAGR of 5.00% during the forecast period.
The report features the competitive scenario of the Rotary Air Compressor market and provides comprehensive analysis of the significant growth strategies adopted by major players. The key players operating in the market include Atlas Copco AB, Kobe Steel Ltd., Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd., Suzler Ltd., Ebara Corporations, Porter Cable, and VMAC Global Technology Inc., and others.
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Key Findings of the Rotary Air Compressor Market:
•The stationary segment dominated the global Rotary Air Compressor market in 2016.
•The oil-free, power generation sector, manufacturing, and food & beverage industry segments are estimated to provide significant growth opportunities to the key market players.
•The Asia-Pacific market is expected to be dominant, in terms of market size. However, Asia-Pacific and LAMEA are estimated to possess the highest CAGR during the forecast period.
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