Press release
Recent innovations and rise in adoption from developing economies Propelling Rotary Air Compressor Market to Reach $12,634 Million by 2023
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.
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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.
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.
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.
Key Benefits for Stakeholders
•The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global Rotary Air Compressor market.
•Porters Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets.
•Current and future trends adopted by key market players are highlighted to determine overall competitiveness.
•The quantitative analysis of the market from 2016 to 2023 is provided to elaborate the market potential.
Rotary Air Compressor Market Key Segments:
By Type
Portable
Stationary
By Lubrication Method
Oiled
Oil-free
By End-User Industry
Food & Beverage
Oil & Gas
Manufacturing
Medical
Power Generation
Others
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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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Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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