Air Starter Market Size and Overview 2021, Industry Share, Key Developments, Growth Strategies, Geographic Comparison and status, Challenges and Drivers till 2025

Air Starter Market by Component, Application, Services, and Region- Forecast to 2025

The Global Air Starter Market Research Report 2021-2025 published by Market Insights Reports is a significant source of keen information for business specialists. It furnishes the Air Starter business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Air Starter worth chain and its wholesaler examination. Air Starter Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The air starter market is expected to grow at a CAGR of around 3% during the forecast period.

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Top Leading Companies of Air Starter Market are Ingersoll-Rand Plc., Maradyne Corp., The Rowland Company, Gali Group, Air Starter Components, Austart Air Starters, KH Equipment Pty Ltd, Miller Air Starter Co. Inc., Multi Torque Industries Pty Ltd, IPU Group and others.

-Air Starter Market Analysis

-Industry News And Updates on Air Starter Market-

North America to Dominate the Market

- North America is one of the leading regions that have a significant presence in the oil & gas, mining, and power generation sectors. The presence of these industries on a larger scale is estimated to have high air starter installations on gas turbines and diesel engines.

- With the increasing number of oil & gas projects in countries such as the United States, Canada, and Mexico, the region is likely to witness robust growth in the coming years. The United States is one of the largest producers of crude oil and natural gas, accounting for around 15% and 21.5% of the global production, respectively, in 2018. The production surged in 2017, mainly due to robust drilling in its shale reserves, led by the Permian Basin.

-Key Market Trends Air Starter Market-

Oil & Gas Sector to Dominate the Market

- The oil & gas sector is one of the significant users of air starters, which are used in upstream sectors as a power source to supply the primary rotation to start the diesel engines.

- Unlike electrical starters, air starters generate high torque in much lower rpm and require less maintenance. Moreover, uses of electrical starters are not preferable for operations like oil & gas, where there is a continuous risk of ignition due to the presence of highly flammable gases.

- During 2018, the global upstream oil & gas segment has produced nearly 4.47 billion tonnes of crude and 3867.9 billion cubic meters of natural gas. With increasing population and urbanization, demand for oil is estimated to be around 105.4 million barrels per day by 2030. The rise in oil demand is likely to increase investment, which would boost the air starter market in the near future.

- But with the outbreak of the COVID-19 pandemic, the sector has been negatively impacted during 2020. Various projects are canceled or delay due to low international crude oil prices and lack of workforce to operates the activities. As per industry experts, the impact is estimated to remain till 2021, and thereafter the sector would gain momentum with an increase in crude oil price.

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