Oil Filled Air Compressor Market 2020: Growth Forecasts Report to 2024
Category: #headlines  By Rahul Varpe  Date: 2020-03-17
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Oil Filled Air Compressor Market 2020: Growth Forecasts Report to 2024

The Oil Filled Air Compressor Market is set to grow from its current market value of more than USD 20 billion to over USD 25 billion, as reported in the latest study.

Increasing demand for household refrigerators and air conditioners will be a major growth enabler for the stationary air compressor market as the product is an integral part of these household appliances. Home appliances demand has been increasing at a fast rate, mostly in emerging economies of Asia Pacific and Latin America. Rising income levels of consumers in these regions has been the main reason behind a spurt in home appliances demand.

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The Oil Filled Air Compressor Market is projected to register a CAGR of 3% during the period 2018 -2024.  The Oil Filled Air Compressor Market report coverage is inclusive of various parameters such as the market size, regional growth opportunities, major vendors in the market, drivers and constraints, segmental analysis, as well as the competitive landscape.

Global automotive industry growth will also positively impact the stationary air compressor market development till 2024. Increasing vehicle production in the Asia Pacific region will boost stationary air compressor's demand as they an integral part of every car air conditioner. The product is also used to power air brakes of heavy duty automobiles as well as commercial vehicles. Asia Pacific accounted for more than 50% of the worldwide production of automotive in 2016. Automotive production rates have been rising in several countries of Asia Pacific such as India, China, Vietnam, etc. These factors will result in increased product demand in the Asia Pacific region for use in automotive manufacturing and will augment the stationary air compressor market development during the study period.

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Top Companies

  1. Atlas Copco,
  2. Sullair, LLC,
  3. Gardner Denver, Inc.,
  4. Kaeser Kompressoren SE,
  5. Ingersoll-Rand plc,
  6. Rolair Systems,
  7. Doosan Portable Power,
  8. Sullivan-Palatek, Inc.,
  9. Hubei Teweite Power Technology Company Limited,
  10.  Elgi Compressors USA, Inc.,
  11. Heynar (HEYNER UK LTD),
  12. Hitachi Industrial Equipment Systems Co Ltd,
  13.  Ciasons Industrial, Inc.,
  14. Quincy Compressor.,
  15. Oasis Manufacturing,
  16. Aerzen USA Corporation.,
  17. Vanair (Vanair Manufacturing, Inc.),
  18. VMAC Company (VMAC Global Technology, Inc.),
  19. Zen Air Tech Pvt. Ltd.,
  20. AireTex Compressors LLC.

Split by product type, the market has been divided into

  1. Portable,
  2. Stationary

The report includes a lot of details pertaining to the production, growth rate of each segment, remuneration, price, as well as segmental market share.

Split by application, the market is divided into

  1. Home Appliances,
  2. Mining & Quarrying,
  3. Oil & Gas,
  4. Energy,
  5. Electrical & Electronics,
  6. Manufacturing, Building & Construction

This report contains detailed information pertaining to the consumption of the product as well as market share of the application, alongside the growth rate of every application segment.

The regional segmentation covers

  • North America,
  • Europe,
  • Asia Pacific,
  • Latin America (LATAM),
  • Middle East

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What are the key highlights of this report?

  1. A well-detailed pricing analysis has been undertaken on the source of the product, application, as well as regional segments
  2. A detailed evaluation of the player matrix in tandem with the major firms that will help better understand the competitive situation in the global market
  3. Important insights pertaining to the regulatory scenario governing the market, in tandem with the investments poured in by numerous stakeholders in the global market
  4. A deep-dive evaluation of the myriad aspects pushing the overall market growth alongside their impact on the anticipation as well as dynamics of the global market
  5. A detailed roadmap that presents the many available growth opportunities in the global market as well as the identification of vital factors
  6. An intrinsic analysis of the myriad trends that prevail in the global industry which would help identify the numerous developments
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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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