HOME › Press Releases › Air Starter Market worth 397 Million USD by 2021
Air Starter Market worth 397 Million USD by 2021
The report "Air Starter Market by Type (Vane Air Starter and Turbine Air Starter), End-Use Industry (Oil & Gas, Aviation, Mining, Marine and Others (Transportation & Power Generation)), & by Region - Trends & Forecasts to 2021", The air starter market is projected to grow from an estimated market size of USD 329.7 Million in 2016 to USD 397.0 Million by 2021, at a CAGR of 3.8% from 2016 to 2021. Increase in demand for compact and explosion-proof devices in industries such as offshore oil & gas and others; high power-to-weight ratio; and low maintenance are driving the global air starter market.
Browse 86 market data Tables and 40 Figures spread through 137 Pages and in-depth TOC on "Air Starter Market by Type (Vane Air Starter and Turbine Air Starter), End-Use Industry (Oil & Gas, Aviation, Mining, Marine and Others (Transportation & Power Generation)), & by Region - Trends & Forecasts to 2021"
Early buyers will receive 10% customization on reports.
The oil & gas industry is expected to occupy the largest share of the air starter market, by end-user
The oil & gas industry is the largest end-user segment for air starters, due to the large-scale application of heavy equipment in the potentially explosive and space-constrained environment. Aviation, mining, and marine industries are the other major end-users that employ air starters. The air starter market in the aviation industry is expected to grow at the highest CAGR during the forecast period. This growth is attributed to rising air traffic and investments in civil and military aviation.
Turbine starter segment is expected to account for the largest share of the air starter market, by type
Turbine starters are estimated to constitute the largest segment of the air starter market. They are widely employed within the industry, owing to simple design, low maintenance, robust construction, and compatibility with almost all industrial applications. Major end-user industries such as oil & gas, aviation, mining, and marine employ turbine starters for diverse applications. Vane starters constitute a very small share, and is projected to grow at a slower rate as compared to the turbine starter market.
North America is currently the largest market; however, it is projected to dominate the global air starter market during the forecast period
North America is estimated to be the largest air starter market in 2016, with the U.S. expected to lead the market in terms of growth rate from 2016 to 2021. In this report, the air starter market has been analyzed with respect to five regions, namely, Asia-Pacific, Europe, North America, South America, and the Middle East & Africa. The air starter market is expanding in developed countries, owing to the rising preference for such devices in large-size engine-starting applications.
To enable an in-depth understanding of the competitive landscape, the report profiles some of the leading players in the air starter market, including Ingersoll Rand (U.S.), Maradyne Corporation (U.S.), Tech Development (TDI) (U.S.), Gali Internacional (Spain), Air Starter Components, Inc., (ASC) (U.S.), and KH Equipment Pty Ltd. (Australia). Other players operating in the market include Shin Hueng Precision Co., Ltd. (Korea), Powerworks (Pty) Ltd. (South Africa), Miller Air Starter Company Co. (U.S.), Multi Torque Industries (Australia), and Industrial Power Units Ltd. (IPU GROUP) (U.K.).
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India