Growth in End-User Industry - Driving the Market
Rotary lobe compressors find use in applications, which require relatively constant flow rate at varying discharge pressures. These compressors are widely used for air compressor applications and are typically used for such applications where the volume of air moved is large, compared to its pressure. They are extensively used in applications, such as pneumatic conveying, aeration in effluent treatment plants, cement plants, water treatment plants for filter backwash, aquaculture, steel plants, amongst others. Hence, rapid industrialization, growing population, and improving economic activities across the globe, is expected to boost industrial sectors where rotary lobe compressors are heavily deployed. Moreover, a recovery in industrial activity has coincided with a pickup in global trade, after two years of marked weakness.
North America Among the Fastest Growing Region for Rotary Lobe Compressor Market
The North American landscape is full of opportunities for suppliers of rotary lobe compressors. The end-user industries, such as ETP, WTP, cement industry, and other manufacturing sectors where lobe compressors are heavily deployed, have had significant investments in this region. However, industries like aluminum had been underperforming and had failed to gain momentum since the drop in aluminum production in 2013. In 2017, North American annual aluminum production was 3,953,008 metric tons, as compared to 4,917,202 metric tons, in 2013. As aluminum industry is the major end user of rotary lobe compressors, the growth in this sector will be an important factor for driving the market. The United States contributes for more than three-fourths of industrial activities in North America, and will dominate the region in future, in terms of production as well as consumption. On the other side, the Canadian and Mexican manufacturing sectors have gained pace in recent years, mainly because of improving numbers for oil, coal, and metal products. With improving economic conditions and influx of technological advancement, the overall industrial sector is expected to witness a growth during forecast period, and is likely to drive the rotary lobe compressor market.
China’s Recovering Economy and Rapid Industrial Growth is Creating Opportunities for Lobe Compressor Manufacturers
Industrial output in China grew 7.6% on a year-over-year basis in March 2017, compared to a 6.3% rise in January 2017. It recorded its fastest growth since December 2014, as output expanded at a faster pace in March 2017. Moreover, the manufacturing sector grew 8% in March 2017, an increase of 9% from February 2017. This rapid growth in 2017 is largely attributed to the deepening of cuts in over-capacity and cost reduction efforts. On the flip side, mining sector is expected to see a slump in the near future and may witness lower investments as compared to other sectors.
Key Developments in the Market
February 2018: Gardner Denver Holdings Inc., a leading global provider of compression equipment, acquired Runtech Systems Oy for a net purchase price of approximately USD 93 million, funded by cash in hand. Based in Kolho, Finland, Runtech is a leading global manufacturer of turbo vacuum technology systems.
The major players include: Aerzen Machines Ltd, Gardner Denver Holding, Inc., and Howden Group Ltd, amongst others.
Reasons to Purchase The Report
- Current and future global rotary lobe compressors market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
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2. Research Methodology
3. Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Investment Opportunities
3.4 Recent Trends and Developments
4. Market Dynamics
5. Value Chain Analysis
6. Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products & Services
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 By Type
7.1.1 Stationary Lobe Compressor
7.1.2 Portable Lobe Compressor
7.2 By Stage
7.2.1 Single Stage Lobe Compressor
7.2.2 Multi Stage Lobe Compressor
7.3 By End User
7.3.1 Manufacturing Industry
7.3.2 Mining Industry
8. Regional Market Analysis (Market Overview, Market Size, and Demand Forecast to 2023)
8.2 North America
8.4 Middle East & Africa
8.5 South America
9. Key Company Analysis* (Overview, Business Segmentation, Financial Analysis**, Recent Development, and Analyst View)
9.1 Aerzen Machines Ltd
9.2 Gardner Denver Holding, Inc.
9.3 Busch Vacuum Bangladesh Ltd
9.4 Airvac Industries & Projects
9.5 Kaeser Compressors, Inc.
9.6 Howden Group Ltd
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Strategies Adopted by Leading Players
(*List of companies is not exhaustive. Please let us know if you are interested in any company profile)
(**Subject to availability on public domain)