Rotary Air Compressor Market Expected to Reach $12,634 Million by 2023 : Atlas Copco AB, Kobe Steel Ltd., Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd.

The global Rotary Air Compressor market was valued at $ 9,298 million in 2016, and is projected to reach at $ 12,634 million by 2023, growing at a CAGR of 4.50% from 2017 to 2023. Stationary and oil free segments possess the maximum growth potential and are expected to create lucrative opportunities for industry players.

At present, Rotary Air Compressor witness an increased adoption in the developed and the developing regions, owing to technological innovations in product offerings, increased adoption of industry 4.0, growth associated with end-use industries, surge in demand for energy efficient products, and increase in application areas among end users. However, stringent regulatory standard is expected to restrict the Rotary Air Compressor market growth during the forecast period.

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.

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.

Download report sample at: https://www.alliedmarketresearch.com/request-sample/4563?utm_source=as_opr

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.

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.

Top Impacting Factors

The global Rotary Air Compressor market is influenced by several factors that include increased penetration of IoT & Industry 4.0, increased application areas, proliferation of efficient solutions, growth associated with end-use industries, demand from developing economies, and others. All these factors collectively provide opportunities for Rotary Air Compressor market growth.

Growth of Oil and Mining Industries

Growth associated with the oil industry and natural gas production is a prominent factor that may fuel the Rotary Air Compressor market demand during the forecast period. According to EIA's Annual Energy Outlook, U.S. crude output is going to increase by 20% by 2030, and the demand for natural gas is estimated to attain around 15.6% of growth over the next few years. Further, expenditure by the U.S. oil and gas companies is expected to increase during the forecast period. Natural gas is gaining importance as the preferred fuel option, owing to its low emission and low-cost properties. Air compressors have wide-scale application in the oil and mining industries, which may act as a driver for the air compressor industry.

Availability of Energy-efficient Compressors

Compressed air is one of the most expensive sources of energy in a plant. Air compressors account for one of the prime sources of pressurized air, which is utilized by industrial facilities, and power consumption by them acts as a key are of concern for these facilities. Moreover, 1030% of the electricity consumed in an industrial facility is used to generate compressed air. Use of energy-efficient air compressors helps in conserving electricity and reduces electricity bills largely. Further, growth in awareness towards environmental and energy conservation has created the need for development of energy-efficient and cost-effective solutions to cater to the increasing demand from end-use industries.

For purchase enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/4563?utm_source=as_opr

Impact of Developing Economies

Increase in demand for advanced solutions and technological advancements in end-use industry, presence of untapped demands, and surge in need for better infrastructure in the countries such as China, Japan, and Australia provide enormous opportunities for the market growth.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.