What is Compressor Rental Market Scope?
Compressor refers to the machine used to supply air at increased pressure. Compressor rental market has high growth prospects owing to the increasing demand for compressors in the construction, mining, oil & gas, power, manufacturing, chemical, and other industry vertical. Further, increasing demand for customized rental air solutions and rotary screw compressor driving the demand for compressor rental market. In addition, increasing demand from the developing economies expected to drive the demand for compressor rental market over the forecasted period.
The Compressor Rental market study is being classified by Type (Rotary Screw and Reciprocating) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Compressor Rental market throughout the predicted period.
Atlas Copco (Sweden), Ingersoll Rand (Ireland), United Rentals, Inc. (United States), Caterpillar Inc. (United States), Hertz Equipment Rental Corporation (United States), Aggreko plc (United Kingdom), AirParts Compressores (Brazil), Fabcon India Private Limited (India), Ashtead Group (United Kingdom) and Elgi Equipments (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Ingersoll-Rand plc (Ireland), Cramco Compressor Rental and Ramirent Group (Finland).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Compressor Rental market by Type, Application and Region.
On the basis of geography, the market of Compressor Rental has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
6th June 2019, Elgi Equipments manufacturers of compressors in India launched energy-efficient encapsulated screw air compressors with Heat recovery systems and variable frequency drives.
“On January 4, 2017, the U.S Department of Energy (DOE) published a final rule establishing new test procedures for certain varieties of compressors under the Energy Policy and Conservation Act (EPCA; 42 U.S.C. §§ 6311-6317). 82 Fed. Reg. 1052. EPCA states that no manufacturer, distributor, retailer, or private labeler may make any representation respecting the energy consumption [of covered equipment] unless such equipment has been tested in accordance with [the DOE test procedure] and such representation fairly discloses the results of such testing.” 42 U.S.C. § 6314(d).”
Influencing Market Trend
- Emphasizing On Development of Air Compressors for Tier 4 Engines
- Increasing Application of the Rotary Screw Compressor in Numerous Industry Vertical
Market Drivers
- Increasing Demand for Customized Compressed Air Rental Solution
- Rising Demand from the Mining Industry
Opportunities
- Emergence of Next Generation Rental Air Compressors
- Increasing Demand from the Oil & Gas and Construction Industry
Restraints
- Fluctuating Raw Material Prizes
Challenges
- Lack of Awareness in the Low and Middle Income Group Countries
Key Target Audience
Compressor Manufacturers, Traders, Suppliers, and Distributors of Compressor Rentals, Government and Research Organizations, Association and Industrial Bodies, Suppliers and Distributors of Raw Materials, Shipping Companies, Industry Associations and Others
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