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Analysis of the Air Compressors Market and its Scope for Expansion
Frost & Sullivan, Oct 2011, Pages: 68
The $420 Million Air Compressor Market Puffs towards $721 Million in 2017 with a Surge in Demand for Environment-friendly Products
End Users’ Rising Social Consciousness and Desire to Save Costs Have Particularly Benefited the Centrifugal Compressor Segment
End users of air compressor are increasingly basing their purchase decisions on the product’s energy efficiency, as manufacturing companies are eager to save energy costs, reduce downtime and comply with environmental regulations. Trends such as clean air technology as well as new-age devices such as noise-free and portable compressors are opening up several windows of opportunity for producers of innovative equipment. Consequently, manufacturers are focusing on environment-friendly, low-maintenance products to encourage the replacement of traditional equipment. Currently, the escalating need for 100 per cent clean compressed air has made a robust case for centrifugal compressors. “Centrifugal compressors are designed for lubricant-free air,” says the analyst of this research. “These compressors are of high quality, reliable, and incur lower maintenance costs.”
Considering the air compressors market accounts for approximately 18.0 per cent of the total air and gas compression industry, potential investors are recognizing the merits of investing in it. The Southeast Asian region is an attractive manufacturing destination to both end users as well as suppliers. Southeast Asia has a number of small- and medium-enterprises (SMEs) that thrive due to the lax environmental regulations and cheap labour. Although these enterprises are a lucrative customer base, participants will have to stave off competition from regional, low-cost air compressors catering to the SMEs. As the technological capabilities of these device manufacturers improve, competition is quite likely to intensify. “Market participants have to strategize for the increasing end-user diversification and swelling demand for quality,” notes the analyst. “As direct sales comprise a significant percentage of the distribution channel, customer satisfaction is critical to gain an edge over the competition.”
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Type:
Oil-free:
- Rotary
- Reciprocating
- Centrifugal
Lubricated:
- Rotary
- Reciprocating
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