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Strategic Analysis of the European Industrial Air Compressors Market
Frost & Sullivan, Oct 2010, Pages: 81
This Frost & Sullivan research service titled Strategic Analysis of the European Industrial Air Compressors Market provides revenue forecasts for the total market and each product type. In this research, Frost & Sullivan's expert analysts thoroughly examine the following product segments: rotary, reciprocating and centrifugal compressors. Also included is a study of end-user industries such as food and beverage, oil and gas, power generation, construction and mining, life sciences and other general manufacturing industries that include paper, sugar, steel, electronics, distributed power, automotive and transportation, plastics forming, marine, textile and other niche applications.
The key objective of this research service is to provide an analysis of the key trends in the European industrial air Compressors market for the period 2006 to 2016. This research service provides comprehensive forecasts for the total European industrial air compressors market with an analysis of the rotary, reciprocating and centrifugal type of compressors across the EU 27 countries and end-user segments like food and beverage, power generation, oil and gas, life sciences and other general industrial manufacturing industries which are a part of the scope.
Market Overview
User-Friendly, Energy Efficient Industrial Air Compressors to Gain Appeal
Increased investments in eastern Europe will provide growth opportunities for industrial air compressor manufacturers. Although the financial crisis affected most end-user sectors across the globe, demand has been sustained through increasing awareness of the benefits of oil-free air compressors. The demand for centrifugal compressors across Europe is poised to rise due to certain re-initiated projects in recovering economies.
“End-user focus on energy-efficient and easy-to-use compressors will boost market prospects,” notes the analyst of this research. “Enhanced focus on after-sales services is the new avenue for growth.” As the maintenance and operating costs of compressors contribute a major share of the total life cycle costs, customers prefer products that offer better energy savings and longer life cycles. This has led to an increased revenue share for rotary screw compressors over reciprocating compressors. Moreover, although after-sales services have been an integral part of the industrial air compressors market, it has assumed greater significance during the financial downturn.
Prevailing scepticism about customer spending owing to the economic slowdown will further emphasise the importance of improving life cycle and energy costs. Although there are signs of recovery, there are still apprehensions about customer spending; customers continue to look at ways to lower their expenses. This trend, coupled with volatile energy pricing and regulations, is set to drive the demand for compressors with an integrated heat recovery system. This helps achieve 100 per cent energy efficiency and hence, leaves no carbon footprint.
Due to the economic slowdown, there has been an increase in adoption of second-hand compressors. “Used compressors are priced much lower than new equivalents,” explains the analyst. “Hence, they have become a viable alternative for local and niche end users. However, this trend has resulted in a decrease in the total revenue potential of the market.”
There is heightened focus on providing energy-efficient and easy-to-use designs in order to reduce operational costs. Advanced technology that offers optimal efficiency will help immensely in achieving reduced energy consumption and carbon footprint.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following product segments in this research:
- Rotary compressors
- Reciprocating compressors
- Centrifugal compressors
By End User
- Food and beverage
- Oil and gas
- Power generation
- Construction and mining
- Life sciences
- General manufacturing industries (including paper, sugar, steel, electronics, distributed power, automotive and transportation, plastics forming, marine, textile and other niche applications)
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