DUBLIN, January 26, 2015 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/6tv95v/global_air) has announced the addition of the "Global Air Compressor Market (Type, Product Design, Lubrication Method, and Geography) Size, Share, Global Trends, Company Profiles, Analysis, Segmentation and Forecast, 2013 - 2020" report to their offering.
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According to a new report, entitled "Global Air Compressor Market (Type, Technology, Lubrication Type and Geography) - Global Opportunity Analysis and Forecast - 2013 - 2020", the global air compressor market is forecast to reach $29.8 billion by 2020, growing at a CAGR of 7.1% during the period 2014-2020. Stationary air compressors occupy the major share in the global air compressor market and would continue to lead the market through 2020.
Rotary air compressor technology was and would be the highest revenue generating segment in 2013-2020. Based on the analysis, the centrifugal air compressor market would witness tremendous growth during the forecast period. Asia-Pacific region is currently the market leader and would maintain its position throughout the forecast period. The LAMEA region is expected to register the highest growth in the global air compressor market.
High energy efficiency, low maintenance cost, eco-friendly operations, portability, and ability to deliver variation in supplied pressure are some of the factors driving the air compressor market. On the other hand, some of the restraints associated with air compressor market are rising cost of raw material, noise pollution, contaminated compressed air, bulky size, and others. The air compressor manufacturers are now concentrating on eliminating these restraints by introducing new technologies and solutions such as Turbocor and Thermoacoustic compressors.
Based on lubrication, the air compressors are segmented into oiled and oil-free compressors. Oiled compressor segment was the highest revenue-generating segment in 2013 and would continue to lead the market till 2020. The wide-scale application of oiled air compressors in heavy duty industries such as mining, automobile, petroleum, chemical, etc., is a major driving factor for the oiled air compressor market.
Based on the principle of operation and design the air compressor, market is broadly classified into three segments viz., reciprocating, rotary, and centrifugal air compressors. Rotary was the highest revenue-generating segment in 2013 and would continue to lead the market during the forecast period. The centrifugal air compressor segment is expected to exhibit the fastest growth based on its wide scale application, capability to deliver high and constant flow of air pressure along with its oil-free operations.
Based on mobility, the air compressor systems are segmented into stationary and portable machines. The stationary air compressors were the major revenue contributors in 2013 and would continue to drive the market through 2020 based on their wide-scale applications in heavy duty industry. Portable air compressors are largely used in construction, laboratory, pharmaceutical, and electronic industries.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL AIR COMPRESSOR MARKET, BY TYPE
CHAPTER 5 GLOBAL AIR COMPRESSOR MARKET, BY TECHNOLOGY
CHAPTER 6 GLOBAL AIR COMPRESSOR MARKET, BY LUBRICATION METHOD
CHAPTER 7 AIR COMPRESSOR MARKET BY GEOGRAPHY
CHAPTER 8 COMPANY PROFILE
- Atlas Copco
- Ebara Corp.
- Elgi Equipment Ltd.
- Ingersoll Rand
- Kobe Steel
- Mitsubishi Heavy Industries
- Sulzer Ltd.
For more information visit http://www.researchandmarkets.com/research/6tv95v/global_air
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets