Global Air Compressor Market (Type,
Technology, Lubrication Type and Geography) - Global Opportunity Analysis and
Forecast - 2013 - 2020, the global air compressor market is forecast to reach
$29.8 billion by 2020, growing at a CAGR of 7.1% during the period 2014-2020.
Stationary air compressors occupy the major share in the global air compressor
market and would continue to lead the market through 2020. Rotary air
compressor technology was and would be the highest revenue generating segment
in 2013-2020. Based on the analysis, the centrifugal air compressor market
would witness tremendous growth during the forecast period. Asia-Pacific region
is currently the market leader and would maintain its position throughout the
forecast period. The LAMEA region is expected to register the highest growth in
the global air compressor market.
High energy efficiency, low maintenance cost,
eco-friendly operations, portability, and ability to deliver variation in
supplied pressure are some of the factors driving the air compressor market. On
the other hand, some of the restraints associated with air compressor market
are rising cost of raw material, noise pollution, contaminated compressed air,
bulky size, and others. The air compressor manufacturers are now concentrating
on eliminating these restraints by introducing new technologies and solutions
such as Turbocor and Thermoacoustic compressors.Based on lubrication, the air
compressors are segmented into oiled and oil-free compressors. Oiled compressor
segment was the highest revenue-generating segment in 2013 and would continue
to lead the market till 2020. The wide-scale application of oiled air
compressors in heavy duty industries such as mining, automobile, petroleum,
chemical, etc., is a major driving factor for the oiled air compressor market.
Based on the principle of operation and
design the air compressor, market is broadly classified into three segments
viz., reciprocating, rotary, and centrifugal air compressors. Rotary was the
highest revenue-generating segment in 2013 and would continue to lead the
market during the forecast period. The centrifugal air compressor segment is
expected to exhibit the fastest growth based on its wide scale application,
capability to deliver high and constant flow of air pressure along with its
oil-free operations.
Based on mobility, the air compressor systems
are segmented into stationary and portable machines. The stationary air
compressors were the major revenue contributors in 2013 and would continue to
drive the market through 2020 based on their wide-scale applications in heavy
duty industry. Portable air compressors are largely used in construction,
laboratory, pharmaceutical, and electronic industries.
Key findings of the study:
- Rotary air compressors would continue to lead the market through 2020
- The share of centrifugal air compressors would gradually increase over the years
- By 2020, the use of oil-free air compressors would be as popular as the oiled compressors
- Asia-Pacific and Europe would prove to be the most lucrative markets in terms of revenue; whereas, LAMEA market would grow substantially
- Growing demand for energy efficient, noise and pollution free power sources would drive the global air compressor market
Several air compressor vendors and
manufacturers are concentrating on developing application specific air
compressors, which are in sync with the requirements of the end users. Atlas
Copco, Ingersoll Rand, Kobel, Mitsubishi Heavy Industries Ltd., Kirloskar,
Sulzer, Ebara, and ELGI are the major market players that are profiled in the
report. Product launch, acquisition and expansion are the prime corporate
strategies adopted by these companies. Atlas Copco, one of the air compressor
market leaders, has redesigned and launched its SF series of oil-free scroll
compressors. These air compressors are silent, reliable, oil-free, compact, and
meet the demands of the end users and OEMs. The high demand for diesel,
gasoline, and other fuels has led to the establishment and expansion of
petrochemical plants and oil refineries in Brazil. Eyeing on this opportunity,
Kobe Steel Ltd., recently announced its expansion into the South American air
compressor market. Air compressors are widely used for compressing and
transporting gases in oil and gas processing plants. With an aim of broadening
its air compressor product and service portfolio, along with gaining access to
advance air compressor technology, Ingersoll Rand has acquired Cameron's
centrifugal compression division. Ingersoll Rand finds this acquisition to be a
perfect strategic fit with its compressed air business, which will help in
strengthening its current market position.
For
more information see - http://mrr.cm/4oP
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