Rotary Scroll Air Compressor Market to grow at 2.5% CAGR up to 2024.
Increasing dental health awareness amongst people and rising income levels will also drive the product demand in forecast spell as it finds application in powering various dental equipment and tools due to its exceptional features such as low vibration and noise. According to the American Dental Association, more than 50% of the adults visited dentists every six months in the U.S. in 2014, while over 15% practice annual visitation. Rising technological advancements in the dental field and awareness in the emerging nations will significantly propel the oil-free rotary scroll air compressor market demand over forecast timeframe.
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High purchasing cost and low flow capacity as compared to other air compressors, including centrifugal, screw, or reciprocating types, are the major hindrances for the rotary scroll air compressor market growth by 2024. These products are unrepairable as its parts cannot be disassembled and this, in turn, will incur purchasing a heavy operational cost. The flow capacity ranges up to 120 cfpm, which is less than other air compressors found in the field.
The market is categorized based on lubrication and application. The lubrication segment includes oil-filled and oil-free rotary scroll air compressors. The oil-free category will hold sway the industry, growing at more than 3% CAGR in the next seven years. Oil-filled products find application in manufacturing domain where higher capacity and maximum discharge compressor is required but will face considerable threats from heavy-duty screw, centrifugal, or reciprocating compressors.
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The rotary scroll air compressor market application segments include manufacturing, medical, dental, food & beverage, electronics & semiconductor, and others. Minor segments such as chemical laboratories, packaging industry, textile, etc. are considered under the others segment. Medical is the major application segment which will capture more than 40% of the global rotary scroll air compressor market share by the end of the forecast period. This is due to wide product application in medical equipment and tools including operating equipment, medical air supply system, and diagnostic machines.
Europe held over 25% of total rotary scroll air compressor market share and will grow at a moderate rate by 2024. This is due to mature healthcare and food & beverage industries coupled with a developing industrial sector in Eastern Europe. Presence of several multinational chemical and pharmaceutical manufacturers in the region and rising focus on the product quality driven by the stringent regulations will enhance rotary scroll air compressor market demand in coming years.
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Major players in the rotary scroll air compressor include Gardner Denver, Ingersoll-Rand plc, Parker Hannifin Manufacturing, Atlas Copco, Hitachi Industrial, Emerson, Boge Kompressoren, Air Squared, Frank Technologies, Sullair, Ohio Medical, EMSE, Aeronamic, Curtis-Toledo, Powerex and CompAir.
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