Oil Filled stationary air compressor market
APAC Stationary Air Compressor Market to accrue appreciable gains over the coming years, region to procure 60% of the global share by 2024
Kaeser Kompressoren, the Germany headquartered firm that constitutes the competitive spectrum of stationary air compressor market has recently launched a new series of FSD rotary screw compressors, specially designed to ensure efficient compressed air production. Allegedly, this latest range not just exhibits outstanding performance, but also provides highly competent modular compressed air solutions with free air deliveries of 57 m³/min. The series has already garnered rave reviews in stationary air compressor industry, subject to its unique amalgamation of excellent features.
Europe Stationary Air Compressor Market Size, by Application, 2013 – 2024 (USD Billion)
Endorsing a portfolio of cost effective air cooling for drive power of 250 KW and higher in tandem with the company’s maintenance free 1:1 direct drive system, Kaeser’s latest space saving rotary range undoubtedly is one of the futuristic ones of its kind in stationary air compressor marketplace, providing all the advantages of modern modular design. In this regard, it is imperative to mention that rotary segment is observed to gain a competitive edge over its counterparts on grounds of its minimal maintenance and installation costs and a record high efficiency level. In fact, yesteryear record reveals that this particular business vertical procured almost 60% of the global share and is likely to witness a substantial growth over the ensuing years as well.
The Asia Pacific belt in recent times has become a potential hub for manufacturing activities, which is likely to provide a significant impetus to regional stationary air compressor market. The massive scope of APAC market can be majorly attributed to the robustly expanding automotive domain across emerging economies like China and India. As per reliable sources, China is claimed to be world’s largest auto manufacturing country since 2009.
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In fact, in the year 2016, the country’s vehicle production accounted for almost 30% of world’s vehicle production. As automotive giants are increasingly switching to pneumatic tools, stationary air compressors are finding an extensive adoption in this sector. APAC’s commendable proportion of dominance in automotive sector undeniably gives it an upper hand in the regional stationary air compressor industry hierarchy. APAC belt is slated to cover almost 60% of global stationary air compressor market share by 2024.
In tandem with the automotive domain, home appliance sector has emerged to be another pivotal application arena for stationary air compressor industry. In fact, the overall industry share from home appliance applications generated over USD 6 billion in 2017. Reportedly, hermetic compressors are witnessing a massive demand from this segment owing to its extensive deployment in air conditioners, refrigeration systems, freezers, and other household appliances. In this regard, developing economies are slated to witness a phenomenal growth in terms of stationary air compressor market expansion, given the swift growth in the personal household appliances sector in these regions.
Despite these potential opportunities, one of the key constraints for this business space remains the increasing demand for portable air compressors, especially from oil & gas industry. Cost effectiveness, high power capacity, and ease of handling are the three of the vital pointers associated with portable products that are somewhat slashing the stationary air compressor market coverage. However, with incessant efforts by the market participants toward introducing advanced products that are not only energy efficient and user friendly but also convenient to store, the stationary air compressor industry is expected to remain strong in terms of its commercialization matrix. The worldwide stationary air compressor market share has been projected to exceed USD 30 billion by 2024, as per a report by Global Market Insights, Inc.
Author Name : Satarupa De
Unveiling oil filled air compressor market outlook in terms of the initiatives undertaken by core manufacturers: global industry to hit the 25-billion-dollar benchmark by 2024
Atlas Copco’s latest product launch is likely to set a novel benchmark for prominent oil filled air compressor market players. The ZR 90-160 VSD+, the company’s most recent oil-free rotary screw air compressor delivers up to 35 percent energy savings and is absolutely perfect for myriad end-use industries including electronics, automotive, F&B, pharmaceuticals, and textiles. Additionally, the water-cooled products is incorporated with state-of-the-art compressor elements, an improved monitoring system, a brand-new design, and two high-efficiency permanent magnet motors. Atlas’s product launch is vividly remnant of the fact that novel design methodologies for increasing the durability and efficacy of air compressors are poised to majorly drive oil filled air compressor market trends in the years to follow.
U.S. Oil Filled Air Compressor Market Size, by End-user, 2013 – 2024 (USD Billion)
Enumerating yet another instance in oil filled air compressor industry, a few days earlier, one of the renowned industrial air compressor manufacturer, DV Systems proudly unveiled an energy-efficient rotary screw air compressor. The product is integrated with new components that enable stable system pressure and high capacity air delivery. A year before, Ingersoll Rand – another noteworthy contender in oil filled air compressor market, launched its next-generation oil filled rotary screw compressors designed for high compressed air output. The products apparently are capable of successfully enhancing the efficiency of air compressors without hampering the existing reliability. Endowed with advanced features and improved performance, rotary technology is emerging as a viable alternative, driving rotary-based oil filled air industry share over the years ahead.
It is a rather conspicuous fact that low noise generating compressors are highly preferred in myriad industries such as construction, manufacturing, and oil & gas, considering occupational safety measures. Indeed, these compressors are a major help as far as the reduction of the occurrence of health hazards such as hearing disabilities due to high noise levels is considered. Quite overtly, in order to adhere to occupational safety standards, oil filled air compressors are being prominently deployed in end-use sectors, considering their ability to reduce noise levels while in operation, further stimulating this vertical.
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Speaking of occupational safety and the reduction of health issues, the UK based air compressor manufacturer, Vert Rotors requires a special mention. The company has developed an innovative portable air compressor technology for ensuring reduced safety and health problems. This technology provides air compressed at 300psi while generating only 65dB noise level, which is far lesser than the noise generated from conventional air compressors. Given that manufacturers are now focusing on simplifying the problematic operational issues and the applicability of products, oil filled air compressor market is expected to command substantial gains ahead. In fact, as per estimates, portable oil filled air compressor industry size is projected to register a CAGR of 3.5% over 2018-2024.
The competitive hierarchy of oil filled air compressor market is inclusive of top-notch magnates that have been consolidating their presence across this vertical through the initiation of frequent mergers and acquisitions. The Japanese technology company, Hitachi for instance, in April 2017, acquired the U.S. based air-compressor manufacturing unit of Accudyne Industries for USD 1.24 billion and strengthened its client base across North America oil filled air compressor market.
The aforementioned instance is an apt evidence justifying that the development of advanced products will have a highly remarkable impact on oil filled air compressor industry size. As end-use industries gear up to accept next-generation products brought forth by leading industry players, oil filled air compressor market share will soar to massive heights, with a CAGR estimation of 3% over 2018-2024.
Author Name : Sunil Hebbalkar