Global Air Compressor Market: Forecast and Statistical Analysis 2015-2019 is a new market research publication announced by Reportstack. Market scope of the air compressor market
End-users are moving towards newer technologies such as variable-speed drive (VSD) compressors, oil-free compressors, controllers, and other high-quality products that increase efficiency and reduce energy bills.
This report considers revenues generated from the sale of the following:
Positive displacement compressors
The report further segments compressors based on their type:
Oil-free air compressors are witnessing high demand from the food and beverage and pharmaceutical industries. The demand for replacement and maintenance by end users is expected to provide further traction to the market, helping it grow at a CAGR of over 6% from 2015 to 2019.
The leading players in the global air compressor market
The study of the global air compressor market includes revenue shares, strategies, and a comprehensive SWOT analysis of the leading players including: -
The leading players in the market are diversifying their geographical presence with a focus on the APAC region. They’re investing significantly in improving the existing technology in a bid to attract new customers innovative products and competitive pricing. Notably, other vendors have also started to provide products at subsided rates, thus intensifying competition.
The other prominent vendors in the market include BOGE, Doosan, Ebara, ELGI, Dresser-Rand, Fusheng, Gardner Denver, GE, Hanbell, Hitachi, Hongwuhuan, KAESER, Kaishan, Kirloskar, Mitsubishi, Shanghai Feihe Industrial Group, Shanghai Screw Compressor, Siemens, Sulzer, VMAC, Wuxi Compressor, and YUJIN machinery
Complete report available @ Global Air Compressor Market: Forecast and Statistical Analysis 2015-2019.
Market shares of air compressors by technology
The PD compressors segment accounts for the larger share of the market, and this trend is expected to continue during the forecast period. However, when the demand is continuous and requires time oriented operational capabilities, centrifugal compressors are preferred by industries. These type of compressors are used in industries that require high compressed air.
Though centrifugal air compressors are costlier than PD variants, they require lower maintenance. Centrifugal compressors will witness a relatively higher demand from industries that require a continuous supply of oil-free compressed air.
Market segmentation of the air compressor market by geography
The air compressor market is segmented into the following regions based on their share of the market:
The demand for air compressors thrives on industrialization. End users of air compressors have a major presence in the APAC region, especially in chemical and petrochemical sector. Many manufacturing companies are investing in China and India in a bid to take advantage of the low-cost benefits associated with this region. New facilities in emerging countries are opening up new opportunities for air compressor vendors to introduce new products into the market.
Key developments in the air compressor market
About 94% of all electrical energy used by industrial compressors is converted to heat and subsequently harnessed for other purposes such as heating of water in plant operations, etc. The report demonstrates through examples, newer technologies that significantly enhance the energy saving needs of several industries.
VSD compressors are playing a key role in reducing power consumption by changing the speed of its drive motor and lowering the speed of air flow.
Atlas Copco’s GA VSD+ compressor helps reduce energy consumption by as low as 50% as compared to low-performing traditional fixed-speed compressors. Atlas Copco has received the
John Munck Award for technical innovations for this product.
Oil-free compressors play a key role in supplying the purest compressed air, and it finds immense utility in the pharmaceutical and food industries.
KAESER has launched a popular line of oil-free compressor systems that use FSG 420-2 and DSG 220-2 oil-free rotary screw compressors. The AQ 30-55 / 15-55 VSD and ER 90-900 compressor systems used by Atlas Copco are also examples of oil-free screw compressors that are in demand.
System controllers contribute to the overall system efficiency in energy use through increased load sharing. System controllers are components that enable a group of compressors to work efficiently as a system. Though this technology is not new, it has grown to become more affordable for end-users.
Other sections of the report include an analysis of the following
Key drivers, challenges, and trends and their impact on the air compressor market
Five forces analysis of the air compressor market
SWOT analysis of the leading companies in the air compressor market
Key mergers and acquisitions in the air compressor market
Various type of systems used for heat recovery
End-user adoption of heat recovery systems
Key end-user buying criteria for air compressors
Market size and forecast of the key regions of the air compressor market
Manager - Marketing
Reportstack Market Research