Press release
Air Compressor Market For Manufacturing Industry 2024 Top Players are Ingersoll-Rand, Atlas Copco, ELGI EQUIPMENTS LIMITED, Gardner Denver.
Air Compressor Market has been segmented based on product, technology, lubrication, and application. Based on product, the industry is categorized into portable and stationary compressors. Air Compressor Market to cross US$ 40 billion by 2024.
Rapid industrial growth in Asia-Pacific will augment the air compressor market development as it is extensively used in end-users including automotive, oil & gas, manufacturing, etc. The value added in manufacturing in China increased from USD 2.85 trillion in 2013 to USD 3.74 trillion in 2016.
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Rising home appliances demand in Asia Pacific will also enhance the growth of air compressor market as the product is incorporated in refrigerators and air conditioners and are also used in their production process. Increase in disposable income of the consumer and improving living standard will fuel home appliances demand.
The Asia-Pacific household appliances demand occupied more than 40% of the global demand in 2015 and is likely to increase in the forthcoming period. Rapid urbanization will increase the number of households and will boost demand for home appliances which will in turn propel the air compressor market development.
• Air Compressor Market by Application
1. Home appliances
2. Food & beverages
3. Oil & gas
4. Energy
5. Semiconductor & electronics
6. Manufacturing
7. Healthcare
• Air Compressor Market by Technology
1. Rotary
2. Screw
3. Scroll
4. Others
5. Reciprocating
6. Centrifugal
Make an Inquiry for purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/377
The technology segment includes rotary, centrifugal, and reciprocating compressors. The rotary types are further segmented as scroll, screw and others. The rotary segment will witness the highest gains in the industry. Centrifugal compressor segment revenue will be over USD 30 billion in 2024 and will occupy more than one-third of the market by 2024.
In 2016, approximately half of the industry share was held by Asia Pacific and the region will grow at a healthy rate in the coming years. The North American region will also witness favorable growth owing to rising product demand from the food & beverage and healthcare industries.
The use of portable types in industries including oil & gas, mining, etc. where compressed air is required at multiple locations rather than a single point will enhance this segments growth. A similar trend is also observed in other countries of the region like India, Korea, Japan, Indonesia etc. This industrial development will boost manufacturing activities in the region which is likely to propel the air compressor demand during the forecast timeframe.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/air-compressor-market
The major players in this industry include Hitachi, Gardner Denver, Atlas Copco, Frank Technologies, Quincy, Sullair, Elgi, Hubei Teweite Power Technology, Ciasons, Ingersoll-Rand, Bauer, Kaeser Kompressoren, Aerzener, Mat Holdings and others.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
Rapid industrial growth in Asia-Pacific will augment the air compressor market development as it is extensively used in end-users including automotive, oil & gas, manufacturing, etc. The value added in manufacturing in China increased from USD 2.85 trillion in 2013 to USD 3.74 trillion in 2016.
Request for a Sample copy of this Report @
https://www.gminsights.com/request-sample/detail/377
Rising home appliances demand in Asia Pacific will also enhance the growth of air compressor market as the product is incorporated in refrigerators and air conditioners and are also used in their production process. Increase in disposable income of the consumer and improving living standard will fuel home appliances demand.
The Asia-Pacific household appliances demand occupied more than 40% of the global demand in 2015 and is likely to increase in the forthcoming period. Rapid urbanization will increase the number of households and will boost demand for home appliances which will in turn propel the air compressor market development.
• Air Compressor Market by Application
1. Home appliances
2. Food & beverages
3. Oil & gas
4. Energy
5. Semiconductor & electronics
6. Manufacturing
7. Healthcare
• Air Compressor Market by Technology
1. Rotary
2. Screw
3. Scroll
4. Others
5. Reciprocating
6. Centrifugal
Make an Inquiry for purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/377
The technology segment includes rotary, centrifugal, and reciprocating compressors. The rotary types are further segmented as scroll, screw and others. The rotary segment will witness the highest gains in the industry. Centrifugal compressor segment revenue will be over USD 30 billion in 2024 and will occupy more than one-third of the market by 2024.
In 2016, approximately half of the industry share was held by Asia Pacific and the region will grow at a healthy rate in the coming years. The North American region will also witness favorable growth owing to rising product demand from the food & beverage and healthcare industries.
The use of portable types in industries including oil & gas, mining, etc. where compressed air is required at multiple locations rather than a single point will enhance this segments growth. A similar trend is also observed in other countries of the region like India, Korea, Japan, Indonesia etc. This industrial development will boost manufacturing activities in the region which is likely to propel the air compressor demand during the forecast timeframe.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/air-compressor-market
The major players in this industry include Hitachi, Gardner Denver, Atlas Copco, Frank Technologies, Quincy, Sullair, Elgi, Hubei Teweite Power Technology, Ciasons, Ingersoll-Rand, Bauer, Kaeser Kompressoren, Aerzener, Mat Holdings and others.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
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