HOME Press Releases Industrial Air Compressor Market worth 34.87 Billion USD by 2021



Industrial Air Compressor Market worth 34.87 Billion USD by 2021


The report "Industrial Air Compressor Market by Type (Positive Displacement & Dynamic), Maximum Pressure (020 bar, 20100 bar & above), Output Power (050 kW, 50250 kW, 250500 kW & above), Seal (Oil immersed & Oil free), End-Use - Global Forecast to 2021", The industrial air compressor market is projected to grow from an estimated USD 25.71 Billion in 2016 to USD 34.87 Billion by 2021, at a CAGR of 6.3%. Expansion of liquefaction and regasification facilities across globe, rising demand for energy efficient compressors, and rapid industrialization in emerging economies are the key driving factors for industrial air compressors.

                                     Request Sample                                      Request Sample

Browse 86 market data Tables and 59 Figures spread through 171 Pages and in-depth TOC on "Industrial Air Compressor Market by Type (Positive Displacement & Dynamic), Maximum Pressure (020 bar, 20100 bar & above), Output Power (050 kW, 50250 kW, 250500 kW & above), Seal (Oil immersed & Oil free), End-Use - Global Forecast to 2021"
http://www.marketsandmarkets.com/Market-Reports/industrial-air-compressor-market-78986532.html
Early buyers will receive 10% customization on reports.

Positive displacement compressors to dominate the market during the forecast period

Positive displacement compressors are expected to hold a larger share of the market by product type in the industrial air compressor market. Growing demand for high output pressure compressors is likely to be the major driving factor. Reciprocating and rotary are the two types of technologies available in positive displacement compressors. Rotary compressors have low maintenance cost and are more efficient compared to reciprocating compressors but are only available in the low to medium output pressure range. The market for rotary compressors is expected to grow at the highest rate among other compressor technologies during the forecast period due to their wide range of applications and high efficiency.

Oil & Gas industry to hold the largest share in the industrial air compressor market from 2016 to 2021

The oil & gas industry is the largest contributor to the industrial air compressor market, and also acts as a key driver of the market. Though upstream investments have witnessed a sharp fall in the last two years, large investments are planned to construct gas liquefaction trains in the U.S. and Australia. Moreover, China and India are expanding their regasification facilities. New cross border pipeline networks being planned for oil & gas transportation which would also drive the compressor market. The industrial air compressor market is driven by the rapid industrialization of emerging economies such as China, Saudi Arabia, India, South Africa, and other South Asian countries. Furthermore, the demand for advanced and efficient compressors has boosted the demand for air compressors in several manufacturing industries.

Asia-Pacific industrial air compressor market to witness the highest growth from 2016 to 2021

The report covers five major regions namely, Asia-Pacific, Europe, the Middle East and Africa, North America, and South America. The Asia-Pacific region is expected to witness high growth in the power generation, manufacturing, and food & beverages industries from 2016 to 2021. Moreover, new policies for improved product quality by ISO (International Standardization Organization) are likely to boost demand for air compressors.

The report also provides an in-depth analysis of the competitive landscape, along with profiles of leading industrial air compressor market players such as Atlas Copco AB (Sweden), Mitsubishi Heavy Industries, Ltd. (Japan), Ingersoll-Rand plc (Ireland), Hitachi Ltd (Japan), and MAN SE (Germany). Key players are trying to penetrate emerging markets, and are adopting various strategies such as contracts and agreements, expansions, mergers & acquisitions, and new product launches to increase their market share.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide 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&Ms 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.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports