Compressor Parts and Accessories Market size shall reach a value of $x Million in 2027, growing with a CAGR of 10.4% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
An air compressor is a power device that moves and creates pressurized air. Air under pressure produces a great force that may be used to power several types of tools. Air compressor parts and accessories are produced to complete the performance of the air compressor.
Compressor parts and accessories are active power sources for various industries, as they are used in a diversity of low to medium and medium to high-pressure applications. Compressor parts and accessories are largely used in various industries such as automotive, marine, mining, oil and gas, food and beverages, aerospace and defense, and transportation. They are used in the above-listed industries because of the substantial scale application of heavy device industries.
Also, compressor parts and accessories are utilized for various industries that have 24 hours of daily performances. They can operate for a long period, depending on the setting they are used to, and this helps the production and profit of industries.
Compressor Parts and Accessories Market Growth and Trends
Drivers for the industry :
• Market compressor parts are dynamic power sources that are on high demand for performing various low to medium and medium to high pressure applications in industries across the world, thereby accelerating the growth of the compressor parts and accessories market further during the upcoming time period.
• Rising adoption of compressor parts and accessories in various industrial sectors like oil & gas, aerospace, food & beverages, mining, automation, etc. for performing heavy equipment handling tasks, and thereby augmenting the demand and growth of the compressor parts and accessories market during the next couple of years.
• Growing investments in research and development activities by major manufacturing sectors in order to produce better, more innovative and technically sound compressor parts and accessories market, which will face high demand and lead to exponential growth of the global market during the forecast period.
• Adoption of better features like short time cutting power, higher efficiency, reliability, durability, longer life span, cost effectiveness and implementation of automatic on- off switch, is further anticipated to bolster the demand and growth of the compressor parts and accessories market in the near future.
• Presence of large scale manufacturers are responsible for the heavy competitive environment, because they try their best to come up with more innovations in order to sustain in the competition.
• The Asia Pacific region and North America are expected to boost the compressor parts and accessories market to the most, due to growing investment on food & beverage, and chemical industries in this region, which is in turn expected to fuel the demand and growth of the compressor parts and accessories market in the near future.
Challenges for the industry :
The air compressor quality should be checked for being standard and should only be collected from OEM sectors, that is original equipment manufacturing sectors. Poor quality or below standard air compressor will cause unnecessary wear and tear of the compressed air equipment, and will restrict the market. Hampering it’s growth and demand even further.
Compressor Parts and Accessories Market Regional Analysis
The Asia Pacific regions (mainly include countries China, Japan, Australia, India, and Malaysia) are growing very fast because of the rising investments in the chemical, manufacturing, aerospace, food, and beverage industries. North and South American countries (mainly the United States, Mexico, and Canada) are overgrowing because of the development in the marine, transportation, defense, and mining industries. Middle Eastern countries like Kuwait, Saudi Arabia, and Qatar are growing and contributing maximum share in the Compressor Parts and Accessories market because of the Increased in investments in the research activities (which includes operational activities) and growth in the non-conventional applications.
Compressor Parts and Accessories Market Share and Competition
Key companies operating in this industry are: Elgi Equipments Ltd., Ingersoll Rand Inc, Campbell Hausfeld, Atlas Copco, Makita Corporation, DeWalt, Milwaukee Electric Tool Corporation, Pulford Air & Gas Pty Ltd, Hankison International, Inc., Chicago Pneumatic, and Sullair. Similar industries in this domain that is growing at a high CAGR include Inverter Compressor Market and Oil Free Air Compressor Market.
Compressor Parts and Accessories Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Reciprocating compressors
• Ionic liquid piston compressor
• Rotary screw compressors
• Rotary vane compressors
• Rolling piston
• Scroll compressors
• Diaphragm compressors
• Air bubble compressor
• Centrifugal compressors
• Diagonal or mixed-flow compressors
• Axial-flow compressors
Application Analysis (Revenue, USD Million, 2020 - 2027)
Displacement Type Analysis (Revenue, USD Million, 2020 - 2027)
• Positive Displacement
• Dynamic Displacement
Industry Analysis (Revenue, USD Million, 2020 - 2027)
• Oil &Gas
• Food & Beverages
• IT &Telecommunication
• Aerospace & Defense
• Electronics & Consumer Goods
• Power Generation Systems
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Compressor Parts and Accessories Market Companies
• Elgi Equipments Ltd.
• Ingersoll Rand Inc
• Campbell Hausfeld
• Atlas Copco
• Makita Corporation
• Milwaukee Electric Tool Corporation
• Pulford Air & Gas Pty Ltd
• Hankison International, Inc.
• Chicago Pneumatic
Available Versions: -
United States Compressor Parts and Accessories Market Research Report
Europe Compressor Parts and Accessories Market Research Report
Asia Pacific Compressor Parts and Accessories Market Research Report
India Compressor Parts and Accessories Market Research Report
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