LONDON--(BUSINESS WIRE)--The air compression market makes up around a fifth of the total global market for air and gas compression, and by 2017 is expected to be worth over $721 million, according to a new report available from companiesandmarkets.com.
Analysis of the Air Compressors Market and its Scope for Expansion
With energy costs escalating, many manufacturing businesses are seeking energy efficient and reliable equipment to reduce fuel bills and time lost during maintenance and repair activities.
Key trends noted in the air compression industry include consumer and end-user interest in 100% clean, compressed air technologies, which has prompted demand for centrifugal compressors. Compressors of this nature produce lubricant-free air and tend to be of very high quality. Centrifugal compressors are also renowned for their reliability and low upkeep and repair costs.
Other notable trends which have attracted the industry’s attention include portable compressors and noise-free compressor devices. Innovative air compression manufacturers have reacted by developing products with strong environmental credentials which require minimal servicing and upkeep.
Much of the manufacturing activity for the air compression market takes place in Southeast Asia, where there are a large number of SMEs and low labour costs. The Southeast Asian region represents opportunities both from a manufacturing and an end-user perspective, hence so many air compression companies have chosen to establish operations there.
The air compression market is set to become more competitive as device manufacturers become more technologically advanced. Product differentiation is becoming increasingly important to enable air compression manufacturers to compete in the crowded marketplace, and end-users are also placing more emphasis on quality.
Published in October 2011, the 68 page study examines the air compressor market for the period 2011-2017. The air compressor research report examines the market by product type: oil free air compressors, e.g. rotary, reciprocating and centrifugal, and lubricated air compressors, e.g., rotary and reciprocating. Challenges, drivers and restraints experienced within the air compressors market are discussed at length.
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