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Air Compressor Market to Gain Rapid Boost from Automotive Sector by 2024 | Atlas Copco, VMAC, Quincy Compressor, Hitachi, Belaire Compressors

01-23-2020 11:10 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Air Compressor Market

Air Compressor Market

One of the most prominent technologies in air compressor market is the rotary-based product. Rotary compressors are deployed across a slew of prominent industries such as mining, printing, healthcare, and metallurgy. Driven by their expansive implementation, rotary-based products hold a majority of the overall industry share – indeed, rotary air compressor industry size has been expected to surpass a valuation of USD 15 billion by 2024.

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As per the reliable statistics, APAC automotive market is probably one of the fastest emerging business spaces, bearing a record of almost 51.5 million units of automotive sales in 2016. In addition, this region is a profound investment destination for various European auto makers who have already initiated establishment of capitally intensive manufacturing units in Asia Pacific belt. Air compressor market is essentially defined as a business arena which is closely linked with automotive sector proliferation, subject to the fact that air compressors find extensive application in vehicle air conditioning system, air breaks, and engines.

As the investments across these end-use domains rise, the demand for air compressors is likely to increase drastically, that would eventually impact the commercialization portfolio of Europe air compressor market in the years to come.

Spanning the gigantic expanse of industrial sector, air compressor market is on its way of becoming one of the fastest growing business spaces of recent times, given the widespread product deployment across food & beverage, electronics, oil & gas, and manufacturing domains. The year 2017 has attained a profitable quotient for the overall industry, in terms of remuneration. One of the principal reasons why air compressor industry has gained an enviable popularity is the robust industrialization across APAC belt over the recent years. Macro-economic development along with increased disposable incomes across major economies like India, China, Japan has remarkably stimulated APAC automotive sector, another factor that has boosted air compressor market demand.

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Apart from the Asia Pacific, another regional hub that has depicting growth in the automotive industry is Europe. Consequently, the region has come up as one of the most reliable spheres for the expansion of the air compressor market, pertaining to the requirement of these products across a spate of industries in the continent. Europe is renowned to have an extraordinary presence globally in the industries of manufacturing, home appliances, and electronics.

Stringent mandatory roll outs implemented by governmental bodies with regards to sound pollution is somehow acting as a major hurdle in air compressor market growth, subject to the fact the operation of conventional air compressors involve high level noise. However, the aggressive efforts by the industry players to come up with noise proof technologically advanced solutions is expected to combat the growth hurdles in the coming years.

Some of the renowned names in air compressor market are Kaeser Kompressoren, Vanair, Atlas Copco, VMAC Company, AireTex Compressors, Zen Air, Belaire Compressors, Quincy Compressor, Ciasons Industrial, Sullivan-Palatek, Hitachi Industrial Equipment Systems, and Oasis Manufacturing.

Related News: https://www.globenewswire.com/news-release/2017/09/20/1125167/0/en/Air-Compressor-Market-to-exceed-40bn-by-2024-Global-Market-Insights-Inc.html

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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