This industry research report presents a detailed analysis of the key drivers and trends that influence market growth. It also segments the global rotary air compressor market by end users (manufacturing, mining and metallurgy, and others) and by geography (the Americas, APAC, and EMEA). The key leading vendors analyzed in this market study are Atlas Copco, Denso, Gardner Denver, Ingersoll-Rand, and Sullair.
Technavio’s market research analysts estimate the global rotary air compressor market to grow at a CAGR of over 4% between 2016 and 2020. The rotary air compressor is a continuous-duty, air cooled or water cooled compressor, which makes it the preferred choice in end-user industries where machinery must operate round the clock, with the risk of exposure to extreme temperature conditions. APAC dominates the global market for rotary air compressor, owing to the growing demand for compressors from the textile industry in the region.
The new market research report from Technavio provides a breakdown and analysis of the rotary air compressor segments by technology.
“One of the key trends upcoming in this market is the advent of next-generation air compressors. In this market, the leading players are continuously innovating their product offerings to differentiate themselves and to gain maximum market traction. Vendors are now manufacturing air compressors that make use of variable speed technology and a unique drive to manipulate the speed. A variable speed drive automatically controls compressor operation based on users’ requirement for compressed air. The high-energy efficiency offered by this type of air compressor will lead to its increased adoption during the next few years,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
In this market research, analysts have estimated the manufacturing industry segment to account for almost 59% of the total market share by 2020. The extensive use of compressors in sectors like automotive, chemical and petrochemical, food and beverage, home appliances, semiconductors and electronics, and textiles will lead to the steady growth of this market segment during the predicted period.
The leading vendors in the global rotary air compressor market include Atlas Copco, Denso, Gardner Denver, Ingersoll-Rand, and Sullair. This market is competitive due to the presence of well-diversified, international, regional, and local suppliers. The market is expected to see increased competition owing to improvements in the supply chain and production processes of regional and local providers. Many local and regional vendors are also focusing on developing a better quality product besides achieving cost advantages as it will help them to increase their revenues. In this market, factors like intense market competition and the presence of unexplored market avenues have compelled market players to enter into strategic partnerships and M&A to expand and modify their product portfolios.
A more detailed analysis is available in the Technavio report, Global Rotary Air Compressor Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
