Stationary Air Compressor Market 2020: Industry Outlook, Growth and Forecast To 2024
Category: #headlines  By Rahul Varpe  Date: 2020-03-17
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Stationary Air Compressor Market 2020: Industry Outlook, Growth and Forecast To 2024

As per the latest research report, the global Stationary Air Compressor Market is anticipated to depict a CAGR of 3% through 2024, having recorded a valuation of 24 billion in 2017.

The study titled ‘Global Stationary Air Compressor Market Research Report’ includes a detailed research undertaken by analysts as well as an in-depth analysis of the global market. A detailed, highly extensive study of this market alongside pivotal aspects that may impact the commercialization graph of this industry has been given in the study.

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By 2024, the Stationary Air Compressor Market is expected to hit a remuneration of 30 billion. An extremely definite evaluation of the global market in terms of qualitative as well as quantitative analysis has been covered in this report. The myriad aspects of this industry, having considered its historical and forecast data have been enlisted in the study. Also, the research report is inclusive of substantial details with regards to an efficient SWOT analysis, PESTEL analysis, and Porter’s five force model of the market.

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. In 2016, Asia Pacific accounted for more than 40% of the global consumer appliances sales in terms of volume with India, Indonesia and Vietnam registering stronger demand than other countries. This high demand has been further propelled by trends such as continued urbanization, developments in electricity infrastructure as well as rise in property ownerships in the Asia Pacific countries. Such developments in home appliances sector will fuel demand for stationary air compressors to be used in air conditioners and refrigerators during the study period.

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Top Companies

  1. Atlas Copco,
  2. Sullair, LLC,
  3. Gardner Denver, Inc.,
  4. Kaeser Kompressoren SE,
    Ingersoll-Rand plc,
  5.  Rolair Systems,
  6. Sullivan-Palatek, Inc.,
  7. Hubei Teweite Power Technology Company Limited,
  8. Ciasons Industrial, Inc.,
  9. Quincy Compressor,
  10. Zen Air Tech Pvt. Ltd.,
  11. Bauer Compressors, Inc.,
  12. KULMEC,
  13. Saylor-Beall Manufacturing Company,
  14. Gen-Tech

Split by application, the market is divided into

  1. Home Appliances,
  2. Food & Beverage,
  3. Oil & Gas, Energy,
  4. Semiconductor & Electronics,
  5. Manufacturing,
  6. Healthcare

This study is inclusive of in-depth information with respect to the consumption of the product as well as application segment market share, in tandem with the growth rate likely to be registered by every application segment.

Report Growth Drivers – 

  1. Technological advancement in the industry
  2. Upsurge in the household appliances market

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What are the key highlights of this report?

  1. A systematic pricing analysis has been done on the sources of the product, application, as well as regional categories
  2. A detailed analysis of the vendor matrix, important companies that will help better understand the competitive situation of the global business
  3. Important, insightful data on the regulatory status of the market, as well as the investment scenario – for instance, how many stakeholders have invested in the market and so on
  4. A deep-dive understanding of the various aspects propelling the overall market growth graph, as well as their influence on the worldwide market projections and dynamics
  5. A systematic roadmap depicting the numerous growth opportunities in the worldwide market coupled with the identification of vital factors
  6. An extensive evaluation of the various trends prevailing in the global industry that would help identify the various developments in the market from a global perspective

 

 

 

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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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