Press release
Stationary Air Compressor Market 2019 – 2024 | Leading Players: Atlas Copco, Kaeser, Gardner Denver, Bauer Compresso
Stationary Air Compressor Market
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.
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Increasing demand for household refrigerators and air conditioners will be a major growth enabler for the stationary air compressor market as the product is an integral part of these household appliances. Home appliances demand has been increasing at a fast rate, mostly in emerging economies of Asia Pacific and Latin America. Rising income levels of consumers in these regions has been the main reason behind a spurt in home appliances demand.
Stationary air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Stationary Air Compressor Market by Technology:
• Rotary
• Reciprocating
• Centrifugal
Stationary Air Compressor Market by Lubrication:
• Oil free
• Oil filled
Stationary Air Compressor Market by Application:
• Home appliances
• Food & beverage
• Oil & gas
• Energy
• Semiconductor & electronics
• Manufacturing
• Healthcare
• Others
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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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 market revenue exceeded USD 2.5 billion in 2017 and will grow by a stable rate during the study period.
Some of the major stationary air compressor market participants include:
• Atlas Copco
• Ingersoll-Rand
• Kaeser
• Rolair Systems
• Gardner Denver
• Bauer Compressor
• Sullivan-Palatek
The industry is also characterized by the presence of several medium-scale manufacturers spread across the globe.
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