DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Industrial Air Compressor Market Research and Analysis, 2015-2022" report to their offering.
The industrial air compressor market is projected to witness a steady growth rate of 6.4% during the forecasted period 2016-2022
Growth of cross border oil & gas network along with rising demand for efficient and advanced air compressors are the key factors driving the global industrial air compressor market. One of the finest examples of cross border oil & gas network is TAPI pipeline.
Generally, industrial air compressors are deployed to increase the pressure by converting power into potential energy which is then stored as pressurized air. In turn this pressurized air is being used to compress gas for transport, to power pneumatic tools, packaging, cutting & welding, cooling and other among others. Rapid industrialization in emerging economies like China and India has acted as a major potential growth booster for the global industrial air compressor market. Declining LnG imports in South Korea & Japan and strict quality standards are projected to hamper the growth of the global market in the coming years. Although, growing awareness for energy saving and rising demand for eco-friendly compressors are expected to create growth opportunities for the global market.
Key players of the industrial air compressor market include Gardner Denver, Inc., Hitachi Ltd., Atlas Copco AB, GE Oil & Gas, Siemens AG, RIX Industries, Doosan Infracore Co. Ltd. and Mitsubishi Heavy Industries, Ltd.
- Increasing Energy Consumption
- Rapid Industrialization in Emerging Economies
- Liquefaction Capacity Expansion in Developed Countries
- Rising Demand for Energy Efficient Compressors
- Growth of Cross Border Oil & Gas Networks
- Declining Imports of Lng in Apac Countries
- Stringent Quality Standards
- Noise Pollution
- Growing Popularity of Gas Transportation Network
- Rising Demand for Eco-Friendly Compressors
Growing Awareness for Energy Saving
Industrial Air Compressor Market by Verticals:
- Power generation
- Food & beverage
- Oil & gas
- Chemical & petrochemicals
Industrial Air Compressor Market by Seal Type:
- Oil free air compressor
- Lubricated air compressor
Industrial Air Compressor Market by Product Type:
- Dynamic displacement compressor
- Axial compressor
- Centrifugal compressor
- Positive displacement
- Rotary compressor
- Reciprocating compressor
Industrial Air Compressor Market by Output Power:
- Above 500kw
Industrial Air Compressor Market by Maximum Pressure:
- 0-20 bar
- 20-100 bar
- Above 100 bar
- Chicago Pneumatic
- Doosan Infracore Co. Ltd.
- Elliott Group Ltd.
- Gardner Denver, Inc.
- GE Oil & Gas
- Hitachi Ltd.
- Howden Group Ltd.
- Ingersoll-Rand PLC.
- Kirloskar Pneumatics Co. Ltd.
- Kobe Steel Ltd.
- Man SE
- Mitsubishi Heavy Industries, Ltd.
- RIX Industries
- Shanghai Screw Compressor
- Siemens AG
- Sulzer AG
For more information about this report visit http://www.researchandmarkets.com/research/fjn9tc/global_industrial