Your Catalyst To a Lucrative Business
Air compressor systems are of two types , namely screw and piston . The market for screw air compressors stood at USD 2.5 billion in 2014 . It could surpass USD 3 billion by 2024 . Greater adoption of remote sensin g technology for evaluating & monitoring performance can contribute to favorable growth . Strong demand from food & beverages may add considerably to the overall market revenues during the forecast period . Regulatory norms pertaining to food & health safety can propel the China air compressors market in the near future . Other factors boosting demand from end-use industries are widespread adoption of variable speed systems , efficient operation at lower costs , lesser maintenance , and retrofitting of the existi ng systems .
The next-generation air compressor systems market with an eco-friendly edge may promote the use of the new technology . Oil-free air compressors with enhanced capacitive ability offer better efficiency . Qualities such as easy maintenance & installation can attract end-users . All these factors are likely to boost industry demand in this region .
Single & dual phase air compressors are primarily used by industries , such as home appliance and gas & oil . The need for supplementary devices in product installation gets eliminated . Owing to this , the aforementioned industries could generate higher profits because of greater cost cuts . Volatile prices of raw materials could hinder industry growth during the forecast period .
The China air compressors market has various applications in power , mining , metallurgy , electronics , machinery manufacturing , and pharmaceuticals . Others include textile & light industries , food , and petrochemicals . Stable economic conditions in the region and the expanding equipment production sectors may fuel demand during the forecast period .
On the basis of lubrications , the market can be categorized as oil-filled and oil-free . Centrifugal , rotary , and reciprocating are the three main technologies used in this market . Based on products , the industry is segmented into portable and stationary . As per applications , the various segments are oil & gas , manufacturing , home appliances , energy , healthcare , and food & beverages . Major companies operating in the China air compressors market are Hoerbiger Holding A . G .; M . A . T . Industries Inc .; Zen Air Tech Pvt . Ltd .; Galaxy Auto Service Equipment Co . Ltd .; and W . W . Grainger Inc .
Browse Related Category Market Reports @ https :// www . hexaresearch . com / research-category / hvac-and-construction-industry
Follow Us :