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Sationary Air Compressor Market Analysis Focusing on Top Key Players Kaeser, Rolair Systems, Gardner Denver, Bauer Compressor, Sullivan-Palatek

02-04-2019 08:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Sationary Air Compressor Market Analysis Focusing on Top Key

MarketStudyReport.com Adds New Stationary Air Compressor Market 2018 – 2024 research report providing information By Technology (Rotary, Reciprocating, Centrifugal), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare) & Forecast spreading across 350 Pages with table and figures in it. Stationary Air Compressor market will surpass USD 30 billion by 2024

Rising energy costs is also a factor contributing to such developmental requirements. Stationary air compressor industry has quickly adapted itself to the changing requirements, while a plethora of innovations in the industry are further contributing toward its growth. Certain technological advancements such as multiple fuel options to provide varied range of supply pressure as well as design features that minimize product maintenance cost and other such enhancements are expected to impel stationary air compressor market growth.

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Increased investment in the manufacturing sector coupled with an appreciable focus on the research and development of fuel and energy efficient manufacturing equipment are expected to drive the growth of the stationary air compressor market over the ensuing years. Stringent regulations that are being designed to control greenhouse gas emission and the consequent global climate change are exerting increased urgency to develop energy efficient products.

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.
The bulky size of stationary air compressors as well as the noise pollution they cause are some of the most detrimental factors for the growth of the stationary air compressor market, but it is being surmised that with the advancement of technology and an innovative approach, stationary air compressor industry will soon overcome such expansion hurdles.

Rotary stationary air compressor market segment will witness a favorable growth rate in the study period and will account for approximately two-third of the overall industry by 2024. The increasing usage of rotary types in the manufacturing industry owing to their advantages over other product types will be a major factor behind its market development.

Oil-filled stationary air compressors market will be augmented by their increasing usage in a wide range of end-user industries such as power plants, mining, oil & gas, etc. The segment?s revenue in 2024 will exceed USD 14 billion as their advantages over oil-free stationary air compressors such as low maintenance costs and high efficiency & capacity will result in a substantial growth rate in the study period.

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Global automotive industry growth will also positively impact the stationary air compressor market development till 2024. Increasing vehicle production in the Asia Pacific region will boost stationary air compressor?s demand as they an integral part of every car air conditioner. The product is also used to power air brakes of heavy duty automobiles as well as commercial vehicles. Asia Pacific accounted for more than 50% of the worldwide production of automotive in 2016. Automotive production rates have been rising in several countries of Asia Pacific such as India, China, Vietnam, etc. These factors will result in increased product demand in the Asia Pacific region for use in automotive manufacturing and will augment the stationary air compressor market development during the study period.

Food & beverage is a key application segment in the stationary air compressor market which is likely to grow by a CAGR of around 3% in the forecast period. Mostly the oil-free types are employed in this industry as they lower the chances of food contamination.

There are mainly three types of stationary air compressors namely, reciprocating, centrifugal and rotary. Rotary air compressors account for a major portion of the stationary air compressor market revenue being highly preferred in the manufacturing sector for their ease of installation, higher efficiency and comparatively superior features. Rapid expansion witnessed by industrial sectors in emerging economies will also augment stationary air compressor market growth over the forthcoming years.

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