Press release
China Air Compressor Market share to cross USD 9 billion by 2023: Global Market Insights Inc.
China air compressor market share has applications in mining, power, metallurgy, machinery manufacturing, electronics, food, pharmaceuticals, petrochemicals, and textile & light industries. The industry is currently moving towards structural adjustments. The regions stable economy coupled with expansion of the equipment manufacturing sectors is likely to surge the demand growth over the forecast period.China air compressor market size was valued over USD 3 billion in 2015 and is likely to reach around USD 9 billion by 2023, at a CAGR of over 7.5%. This can be attributed to continuous growth of economic scale coupled with rising demand on quantity and variety of air compressors in the region. This is anticipated to drive the industry demand over the coming few years.
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. The second level is superior enterprises with major e-design capabilities, high manufacturing and processing level including, Shanghai Hanbell Precise Machinery, Ningbo Baosi Energy Equipment and Zhejiang Kaishan Compressor.
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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. This can be primarily attributed to several advantages offered such as low energy consumption, high reliability and low noise.
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. Low maintenance, efficient operation at low cost, growing adoption of variable speed systems and retrofitting of existing systems are some other factors driving growth across chief end use industries.
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. Single phase and dual phase compressed air systems have been adopted by oil & gas and home appliance industries. By eliminating supplementary devices in its installation, these industries are anticipated to earn profits by saving significant costs. However, the volatility in prices of raw materials is likely to pose a challenge for the industry growth.
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China air compressor market share can be segmented on the basis of lubrications which include oil filled and oil free. The industry can be further bifurcated by technologies into centrifugal, reciprocating and rotary. By products, the industry can be divided into stationary and portable. Moreover, the industry is segregated on the basis of applications which include manufacturing, oil & gas, energy, home appliances, food & beverage, healthcare and semiconductors & electronics.
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.
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.
Browse Related Reports:
• Air Compressor Market Size By Technology (Screw/Rotary, Reciprocating, Centrifugal), By Product (Portable, Stationary), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductors & Electronics, Manufacturing, Healthcare), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023
https://www.gminsights.com/industry-analysis/air-compressor-market
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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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