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An outlook on Stationary air compressor market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.
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Stationary air compressor market trends research and projections for 2019- 2024 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Global stationary air compressor market forecast will be mainly driven by surging demand for household electronic appliances such as air conditioner and refrigerators. • The demand for household appliances has been particularly high in emerging countries of Asia Pacific and Latin America. This can be majorly attributed to rising disposable incomes of consumers and evolving living standards. • In fact, consumer appliance sales in Asia Pacific constituted more than 40% of the global share in terms of volume during 2016, led by India, Vietnam, and Indonesia. • There are several other factors responsible for this robust demand, with rapid urbanization and growing population being the least surprising ones. Increased focus on development of electricity infrastructure and rise in property ownership are fueling the regional demand. Stationary air compressors are extensively used in a wide range of household appliances such as ACs and refrigerators which will boost the product adoption in the coming years. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Rotary-type stationary air compressors find widespread use in the manufacturing sector on account of numerous advantages offered in terms of efficiency and reliability. • Rotary stationary air compressor industry segment is projected to record substantial growth over the next few years, accounting for nearly two-third of the global share by 2024. A booming automotive sector is anticipated to positively impact stationary air compressor industry outlook over the forecast timeframe. • Oil-filled stationary air compressors are extensively deployed across several end-use industries such as oil & gas, mining, and power plants, among many others. The product offers exceptional operational benefits such as superior efficiency and excellent capacity making it best-suited for distinct use-cases. In addition, the product significantly minimizes maintenance and repair costs, further boosting the application scope of oil-filled compressors. • Oil-filled stationary air compressor market share is estimated to surpass USD 14 billion in terms of revenues over 2018-2024. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Regional Analysis: • There have been an increasing number of off-shore and on-shore oil & gas exploration activities in North America. Regional demand is also expected to be driven by rapid expansion of the manufacturing sector in the U.S. North America stationary air compressor market share was valued at around USD 2.5 billion in 2017 and is anticipated to register a stable growth rate up to 2024. • Competitive Analysis: • Some of the major stationary air compressor market participants include Atlas Copco, Ingersoll-Rand, Kaeser, Rolair Systems, Gardner Denver, Bauer Compressor, Sullivan-Palatek, etc. The industry is also characterized by the presence of several medium-scale manufacturers spread across the globe. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/2586 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Latest Research Report On Stationary Air Compressor Market @ https://www.gminsights.com/industry-analysis/stationary-air-compressor-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2586 Request for customization: https://www.gminsights.com/roc/2586 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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