Press release
China air compressor market size is likely to reach around USD 9 billion by 2023: Global Market Insights, Inc.
China air compressor market size can be segregated across three levels. The first level is multinational enterprises, which include by Ingersoll Rand, Sullair, Fusheng Group and Atlas Copco. These players posses strong independent design and R&D capabilities and are foremost high end screw air compressors.
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Air compressors mainly consist of piston and screw types. Screw air compressor market was valued USD 2.5 billion in 2014 and expected to exceed USD 3.5 billion by 2023. These compressors are adaptive towards compressor development and are likely to replace the latter in numerous applications.
Increasing acceptance of remote sensing technology in order to monitor and evaluate performance is likely to contribute to demand growth from 2016 to 2023. Strong demand from application segments such as food & beverage is likely to gain significant industry revenue. This can be attributed to mandates on health and food safety requirements which is anticipated to propel industry growth over the forecast period.
Next-generation compressed air systems market with an eco-friendly stance will encourage end-users to adopt the novel technology in the region. Oil free systems with increased capacitive ability can provide better efficiency. Easy installation and maintenance can entice end users. The above mentioned factors are surging the industry demand in the region.
Major players in the China air compressor market share include Zen Air Tech, VMAC Company, Vanair, Sullair, Rolair Systems, Parker, Oasis Manufacturing, MAT Industries, Kaeser Compressors, Ingersoll Rand, Hoerbiger, Hitachi Industrial Equipment, Heyner, Grainger Company, GE Energy, Gast Manufacturing, Gardner Denver, Galaxy Auto Service Equipment, Frank Technologies, CPI, Cook Compression, BelAire Compressors, Bauer Group, Atlas Copco and AireTex Compressors among others.
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Other key players include Zen Air Tech, VMAC Company, Vanair, Sullair, Rolair Systems, Parker, Oasis Manufacturing, MAT Industries, Kaeser Compressors, Ingersoll Rand, Hoerbiger, Hitachi Industrial Equipment, Heyner, Grainger Company, GE Energy, Gast Manufacturing, Galaxy Auto Service Equipment, Frank Technologies, CPI, Cook Compression, BelAire Compressors, Bauer Group and Gardner Denver.
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Global Market Insights, Inc.
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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.
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