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Global Compressor Market Size, Share, Development, Growth Till 2020 By P&S Market Research
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The Asia-Pacific compressor market is expected to grow with the fastest rate in the coming years, due to increasing infrastructure spending, and growing manufacturing facilities. The compressor markets of Middle East, Africa, and Latin America are also expected to grow in the coming years, due to the growing awareness for eco-friendly products and changing regulatory scenario.
Compressors are used to compress gas and air, from an initial low pressure to a higher final pressure. The compressor converts mechanical energy into pneumatic energy through compression, with the use of vanes, pistons, and other mechanisms. Steel, aluminum, and castings are some of the major raw materials used to manufacture compressors. Some of the semi-finished and finished components used in the manufacturing of compressors are switches, housings, gauges, crankshafts, bearing and rotors. Radial drilling machines, ultrasonic cleaning equipment, CNC machines, vertical boring machines, dynamic balancing equipment, and 3-D measuring units are some of the major capital equipment used in the manufacturing of compressors. Compressors of power rating up to 5 hp are manufactured only by the small scale manufacturers of compressors.
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On the basis of inputs used, the global compressor market can be categorized, as gas compressors or air compressors. The air compressor market can also be categorized on the basis of types, as centrifugal air compressors and positive displacement air compressors. On the basis of mobility factor, the compressor market can be categorized as stationary and portable. In construction and mining activities, portable products are generally used. Due to the convenience in transporting the equipment, the portable compressors are convenient power source for tools and machines in the construction industry. The convenience in handling portable compressors has also driven its implementation in low-duty applications.
Some of the competitors in the global compressor market are Accudyne Industries LLC, Gardner Denver Inc., Ingersoll-Rand PLC, Kaeser Compressors Inc., Mitsubishi Heavy Industries Ltd., Shanghai Screw Compressor Co. Ltd., Atlas Copco AB, Zhejiang Hongwuhuan Machinery Co. Ltd., and Wuxi Compressor Co. LTD.
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