The global compressor
market is growing, due to energy efficiency of compressors, increased
automation in plants, variation in pressure supplied, low maintenance
requirement, and multiple fuel options. The emergence of next-generation
compressed air systems and eco-friendly features of new technologies in the compressors
are providing ample opportunities for the growth of the global compressor
market in the coming years. However, noise pollution due to compressors, bulky
size, contamination of air, and air quality issues are some of the factors, restraining
the growth of the global compressors market.
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The Asia-Pacific compressor
market is expected to grow with the fastest rate in the coming years, due to
increasing infrastructure spending, and growing manufacturing facilities. The
compressor markets of Middle East, Africa, and Latin America are also expected
to grow in the coming years, due to the growing awareness for eco-friendly
products and changing regulatory scenario.
Compressors are used to compress
gas and air, from an initial low pressure to a higher final pressure. The
compressor converts mechanical energy into pneumatic energy through compression,
with the use of vanes, pistons, and other mechanisms. Steel, aluminum, and castings
are some of the major raw materials used to manufacture compressors. Some of
the semi-finished and finished components used in the manufacturing of
compressors are switches, housings, gauges, crankshafts, bearing and rotors. Radial
drilling machines, ultrasonic cleaning equipment, CNC machines, vertical boring
machines, dynamic balancing equipment, and 3-D measuring units are some of the
major capital equipment used in the manufacturing of compressors. Compressors
of power rating up to 5 hp are manufactured only by the small scale
manufacturers of compressors.
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On the basis of inputs used, the global
compressor market can be categorized, as gas compressors or air compressors.
The air compressor market can also be categorized on the basis of types, as centrifugal
air compressors and positive displacement air compressors. On the basis of
mobility factor, the compressor market can be categorized as stationary and
portable. In construction and mining activities, portable products are generally
used. Due to the convenience in transporting the equipment, the portable
compressors are convenient power source for tools and machines in the construction
industry. The convenience in handling portable compressors has also driven its implementation
in low-duty applications.
The global compressor market can
also be categorized, on the basis of technology used as screw, rotary, vane,
and reciprocating. The market share of screw technology category is expected to
grow with a considerable rate in the coming years, due to various features
provided by the technology, such as cast iron cylinder, cooler running pump,
oil lubricated pump, and additional motor protection. The reciprocating systems
with oil-free scroll and dual cylinders offer enhanced performance and
productivity, which is further supporting the growth of the global compressor
market.
On the basis of end users, the global
compressor market can be categorized as chemicals, pharmaceuticals, cement, foundries
and forge shops, glass, construction, plastic processing, automotive
manufacture and textiles. The global compressor market can also be categorized as
per the requirement of the applications, into horizontal or balanced opposed, single
or multistage, lubricated or non-lubricated compressors, electric driven or
diesel engine driven, and air-cooled or water-cooled.
Some of the competitors in the
global compressor market are Accudyne Industries LLC, Gardner Denver Inc., Ingersoll-Rand
PLC, Kaeser Compressors Inc., Mitsubishi Heavy Industries Ltd., Shanghai Screw
Compressor Co. Ltd., Atlas Copco AB, Zhejiang Hongwuhuan Machinery Co. Ltd.,
and Wuxi Compressor Co. LTD.
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