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Air Compressors Market - Industry Analysis, Size, Trend, Overview, Demand, Gross Margin and Forecast To 2017
Air Compressors Market
The pressurized air, then, is kept in the tank until it gets into use. The energy enclosed in the compressed air can be employed in a range of applications, using the kinetic energy of the compressed air as it is free and the tank decompresses. When tank pressure gains its lower limit, the air compressor unit starts again and re-pressurizes the tank i.e., squeezes pressurized air into a storage tank.
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The global air compressor market is predicted to experience rapid growth over the forecast period of 2017 to 2022 with significant compound annual growth rate. Rapidly increasing industrialization, predominantly in developing countries and major emphasis on energy preservation has led to remarkable advancements in air compressor technology. Compressed air observes a large area of applications in several end use industries, such as automobile, power generation, food & beverage, oil & gas, chemical and other manufacturing.
A variety of end-uses of industrial air compressors involves drive pneumatic HVAC systems, drive pneumatic tools supplying and provide clean air to fill gas cylinders. Industrial air compressors are usually dynamic compressors or positive displacement compressors. The dynamic compressors are likely to hold a comparatively high market contribution in the overall air compressor market. All these factors will fuel the growth of the global air compressor market over coming years. However, Noise pollution owing to the industrial air compressors might hamper the market growth to some extent during the forecast years.
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The key market players in the global air compressor market are Hanbell Precise Machinery Co., Ltd., Atlas Copco Group, Zhejiang Hongwuhuan Machinery Co., Ltd., Ingersoll-Rand plc, Zhejiang Kaishan Compressor Co., Ltd., BOGE Compressors, Sullair, LLC, Kaeser Compressors, Inc., Elgi Equipments Ltd., Fusheng Industrial Co., Ltd., Doosan Corporation, Kobelco Pvt. Ltd., Gardner Denver and HOKUETSU INDUSTRIES CO., LTD. According to product types, the global market is split into; Reciprocating Air Compressor, Screw air compressors and Centrifugal Air Compressor.
On the application basis, the market industry is classified as; Mining and Metallurgy, Petrochemical and chemical, Machinery Manufacturing and Other. Geographical segmentation of the global air compressor market is given into regions which are; Europe, North America, Middle-East, Southeast Asia and Asia-Pacific.
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