What is Rotary Air Compressor Market?
Rotatory Air Compressor is a mechanical element that helps in compressing the air suction from commercial and industrial areas. These are classified into different types for various applications and purposes especially in refrigerator and air conditioning system. It is seen that the overall air-conditioner demand in China was more than 40 million units in 2017 and is probable to increase at a CAGR of 3.5% during the forecasted years. Moreover, the rising growth in the household appliances sector will spur the entire Rotatory air compressor market.
The market study is being classified by Type (Screw type, Vane type, Lobe type, Scroll type and Others), by Application (Food & Beverage, Oil & Gas, Manufacturing, Medical, Power Generation and Others) and major geographies with country level break-up.
Atlas Copco AB (Sweden), Kobe Steel Ltd. (Japan), Elgi Equipments Limited (India), Ingersoll-Rand PLC (Ireland), Kirloskar Pneumatic Company Limited (India), Mitsubishi Heavy Industries Ltd. (Japan), Suzler Ltd. (Switzerland), Ebara Corporations (Japan), Porter-Cable (United States) and VMAC Global Technology Inc. (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Campbell Hausfled (United States) and Doosan Infracore Portable Power (China).
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Rotary Air Compressor market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Rotary Air Compressor market by Type, Application and Region.
On the basis of geography, the market of Rotary Air Compressor 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Number of Household Applications Globally is Driving the Market
- Increasing Geographical Presence of Electronics Industries
Market Trend
- Rise in Adoption of Robust and Energy Efficient Equipment for Different Application that Used in this Industry
- Implementation of Sophisticated Technology with High Technical Expertise for Designing High Power Rated and Efficient Air Compression Equipment
Restraints
- Stringent Government Regulations Regarding the Noise Levels of these Compressors will Act as a Hurdle
- Emission of Greenhouse Gases Causing Air Pollution Can Hamper the Market
Opportunities
- Increasing High GDP Growth Rate Coupled with Rising Disposable Income Especially in Emerging Economy is Fueling the Marketplace
- Increase in Production Activities or rates from Asia-Pacific and LAMEA are expected to Provide Profitable Business Opportunities to the Manufacturers
Challenges
- High Cost for Installation and Maintenance of these Equipment’s
Key Target Audience
Potential Investors, Up and Down Stream Vendors, Suppliers and Distributors, End -Users and Others