DUBLIN, Nov. 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/sr6c6n/world_air) has announced the addition of the "World Air Compressor Market - Opportunities and Forecasts, 2014 - 2020" report to their offering.
It is estimated that the world air compressor market would garner revenue of $29.9 billion by 2020, registering a CAGR of 7.3% during 2015-2020
Stationary air compressors dominate the global air compressor market and would maintain their leading position until 2020. Based on technology, rotary air compressors would be the largest revenue-generating segment during the analysis period. Geographically, Asia-Pacific is the biggest market of air compressors in terms of value, followed by Europe.
Low maintenance cost, better energy efficiency, easy portability, and eco-friendly operations are some of the key factors driving the growth of the global air compressor market. However, noise pollution, rising cost of raw materials, bulkiness, contaminated compressed air and others are some of the key factors limiting the market growth.
On the basis of lubrication type, the air compressor market is segmented into oil free and oiled compressors. Oiled air compressor was the highest revenue-generating segment in 2014 and would continue to lead the market throughout the analysis period. These air compressors have wide-scale applications in heavy duty industries, such as petroleum, mining, chemical and automobiles, which is a major driving factor for their market growth.
Based on the technology, the global air compressor market is categorized into three segments, viz. rotary, centrifugal and reciprocating air compressors. Rotary air compressor was the highest revenue-generating segment in 2014, constituting 48.8% of the total market by value. The segment would continue to maintain its dominance during the forecast period. The centrifugal air compressor segment is expected to exhibit a significant growth owing to its wide-scale applications in various industries namely automobile, power generation, mining and others. Other factors driving the centrifugal air compressor market are its capability of to deliver optimal and constant flow of air pressure and oil-free operations.
Based on mobility, air compressor systems are segmented into stationary and portable. Stationary air compressors were the major revenue contributors in 2014, constituting around 59% of the total market revenue. These air compressors would continue to dominate the market until 2020, owing to their wide-scale applications in heavy duty industries. Portable air compressors are largely used in construction, laboratory, pharmaceutical and electronic industries. This segment is forecast to witness a relatively higher CAGR of 8.8% during the forecast period.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 World Air Compressor Market, By Type
Chapter 5 World Air Compressor Market, By Technology
Chapter 6 World Air Compressor Market, By Lubrication Method
Chapter 7 World Air Compressor Market By Geography
Chapter 8 Company Profiles
- Atlas Copco
- Ebara Corp.
- Elgi Equipments Ltd.
- Ingersoll Rand Inc.
- Kirloskar Pneumatic Company Ltd.
- Kobe steel
- Mitsubishi Heavy Industries Ltd.
- Sulzer Ltd.
For more information visit http://www.researchandmarkets.com/research/sr6c6n/world_air
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SOURCE Research and Markets