Top Companies in Air Starter Industry - Ingersoll Rand (US), Caterpillar (US), Rheinmetall AG (Germany) and Honeywell International Inc. (US)
The Air Starter market is expected to reach USD 559 million by 2029, up from an anticipated USD 449 million in 2024, at a CAGR of 4.5% over the forecast period. The global demand for air starters is experiencing considerable growth, driven by the increasing rapidly growing industrialization especially in Asia Pacific. Oil & gas and military & aviation industries are expected to witness highest growth in demand owing to the increasing discovery of oil & gas reserves, expanding exploration activities and growing fleet of commercial and military aircraft.
Due to the abundant availability of networks, a few global and regional firms have a solid presence in the air starter market. Air starter industry leaders include Ingersoll Rand (US), Caterpillar (US), Rheinmetall AG (Germany) and Honeywell International Inc. (US) among others. To grow their market share, these organizations used techniques such as product launches, partnerships, investments, and expansions.
To know about the assumptions considered for the study download the pdf brochure
INGERSOLL RAND, Ingersoll Rand is a diversified, global provider of mission-critical flow creation products and industrial solutions. The company is a market leader in broad range of innovative and mission-critical air, gas, liquid, and solid flow creation technologies, providing services and solutions. They also manufacture one of the broadest and complete ranges of compressor, pump, vacuum and blower products in the market. Ingersoll Rand operates its business through two business segments, namely, Industrial Technologies and services, and Precision and Science Technologies. The Industrial Technologies and services business segment offers Air starters, which accounted for 81.9% of the total sales generated by the company in 2023.
CATERPILLAR, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, industrial gas turbines, off-highway diesel and natural gas engines, and diesel-electric locomotives. Caterpillar does business on all regions, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation. The Energy & Transportation business segment offers Air starters, which accounted for 40.6% of the total sales generated by the company in 2023.
RHEINMETALL AG, Rheinmetall, a renowned development partner and direct supplier to the global automotive industry and a leading provider for security technology. Rheinmetall is a leading international systems supplier in the defence industry and at the same time a driver of forward-looking technological and industrial innovations in the civilian markets. Rheinmetall develops and sells components, systems and services for the security and civil industries.
Rheinmetall operates its business through 5 segments namely, Vehicle systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. Electronic solutions business segment primarily supplies Integrated electronic systems, Air defence systems, soldier systems, command, control and reconnaissance systems, fire control systems, sensors, simulation for the army, air force, navy and civilian applications and radar systems. Electronic solutions segment generated 1.09 billion USD in 2023.
HONEYWELL INTERNATIONAL INC., Honeywell International Inc. is a diversified technology and manufacturing company, serving customers globally with aerospace products and services, security technology control, and sensing. Honeywell is the leading producer of air turbine start system (ATSS) technology for gas turbine aircraft engines. Their ATSS consists of an air turbine starter and the starter air valve. Honeywell’s air turbine system technologies provide highly efficient engines, and reliable starting performance to lower the costs of ownership. They offer more than 165 ATSS options for commercial and military fixed-wing aircraft and helicopters and have produced thousands of systems for all kinds of aircraft.
Related Reports:
Air Starter Market by Type (Vane Air Starter, Turbine Air Starter, Electric Air Starter), End User (Oil & Gas, Military & Aviation, Mining, Marine), & Region (North America, Europe, APAC, South America and Middle East & Africa) - Global Forecast to 2029
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
