Technavio has released a new report which predicts that the global rotary air compressor market will grow at a CAGR of 4% through the forecast period.
In this report, Technavio covers the market outlook and growth prospects of the global rotary air compressor market for 2016-2020. To calculate the market size, the report considers the demand for rotary air compressor from end-users such as manufacturing, mining and metallurgy, and others.
Technavio’s research study segments the global rotary air compressor market into the following regions; APAC, EMEA and Americas.
APAC: largest market for rotary air compressor
Demand from textile industry in APAC
The textile sector requires air compressors to carry out operations at manufacturing plants. The rotary air compressors are needed for precise control of pneumatic valves and cylinders. Also, processes such as bleaching, dyeing, and printing on fabric clean need compressed air that has less oil content.
“The textile industry in Asia is witnessing significant development. China and India constitute major producers and exporters of textiles in the region. India is not only a manufacturing hub for the textile industry but also sees significant growth in the demand for textiles,” says Anju Ajaykumar, a lead analyst at Technavio for engineering tools research.
Demand from automotive industry in APAC
The automobile market in Asia is emerging as an attractive market for rotary air compressors manufacturers due to the significant demand for vehicles from emerging economies in the region such as China and India. In addition, in the power sector, market demand is expected to be healthy in the region as the demand for and consumption of electrical energy increases substantially.
Focus on improving the efficiency of existing thermal power plants is boosting the use of air compressors in the industry. Advances in technology such as compressed air energy storage are expected to have a positive impact on the demand for rotary air compressors.
Rotary air compressor market in EMEA
The rotary air compressor market in this region is expected to experience growth due to increased demand for rotary air compressors by end-users such as power, automobile, and textile machinery industries.
“The automobile industry has a widespread presence in various countries in the European Union. In most of these countries, the automobile industry contributes significantly to the exports, GDP, and the overall economy. A continuous rise in vehicle production positively influences the demand for rotary air compressors. Germany and France are among the countries registering growing vehicle production,” says Anju.
Rotary air compressor market in the Americas
The power sector in the region, especially in the US, contributes significantly to demand for rotary air compressors; in power applications, rotary air compressors are used in coal-fired, natural gas-fired, nuclear and cogeneration plants.
Compressed air applications in the energy industry include the following:
- Raw material handling: Compressed air is often used to handle raw materials efficiently;
- Control valves: Production areas have air-operated valves and cylinders that make use of compressed air;
- Conveying: Compressed air is used to carry the necessary raw materials.
The power sector in the Americas is dominated by coal, natural gas, and nuclear energy. In 2014, in the US, coal accounted for 39%, natural gas for 27%, nuclear accounted for 19%; hydro accounted for 6%, and renewables accounted for 7% of power generation.
Thermal (coal and gas) and nuclear power constituted more than 80% of the energy mix in 2014. As the country has such a vast number of coal, gas, and nuclear power plants, there will be considerable need for rotary air compressors to power the gas turbines and other turbines employed in power plants.
Excerpts from Business Wire. Image courtesy of Ingersoll Rand