Rotary Scroll Air Compressor Market size worth $4 bn by 2026
Published Date: May 26, 2020 Authors: Kiran Pulidindi, Sayan Mukherjee
Rotary Scroll Air Compressor Market demand is likely to exceed USD 4 billion by 2026, according to a new research report by Global Market Insights, Inc.
Rotary scroll air compressor is one of the key compressor types especially in home appliance sector, used mainly for refrigerant and air conditioning purposes. Owing to its lower noise levels and reliability, it is firmly being embraced by industrial compressor manufacturers. This will enhance their product portfolio for its high-efficiency and smaller product list. They possess beneficial properties such as fewer moving parts resulting in less maintenance and low lubrication, low sound levels, air cooled and energy efficient.
Escalating product consumption in refrigerant systems will expand the rotary scroll air compressor demand
Increasing demand for domestic air conditioning and refrigerant systems owing to the growing temperature levels and escalating numbers of residential buildings will advance the rotary scroll compressor market during the forecast period. Furthermore, the growing amount of chronic ailments are generating a heavy demand for healthcare equipments and systems, resulting in a heavy surge for the overall product usage by 2026.
Additionally, need for compressor manufacturers to comply to the government guidelines for instance, NFPA-99 would also back the market development. Significance for supplying sterile air in healthcare sector will enhance the rotary scroll air compressor market growth in the near future. These scroll compressors also find widespread usage in food & beverage sector for packaging and food processing applications, the compressors here deliver clean and purified air to depending on the product requirement. Improved standard of living increased disposable income and hectic routines are escalating the demand for processed and ready to eat food. This in turn will display favorable future prospects for the market by 2026.
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The high product cost coupled with its additional maintenance expenses relating to the product can hamper the product consumption in the overall market in the upcoming years. Moreover, the sudden spread of corona virus has negatively affected almost every type of industries. The compressor’s major end-use industries such as home appliances, food & beverage etc. has also taken a serious hit from the pandemic, directly resulting in a hindrance for the product market by 2026.
Browse key industry insights spread across 200 pages with 139 market data tables & 23 figures & charts from the report, “Rotary Scroll Air Compressor Market Size By Lubrication (Oil-Free, Oil-Filled), By Application (Home Appliances, Food & Beverage, Medical & Pharmaceuticals, Automotive & Transportation, Biotechnology), Industry Analysis Report, Regional Outlook, Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Oil-free rotary scroll air compressors will exhibit dominance over other lubrication types
Rotary scroll air compressor market is classified based on lubrication and its applications. On the basis lubrication, the market is segmented into oil-free and oil-filled. Oil-free segment is expected to be the dominant compressor type among the two and will grow with a CAGR over 3% due to rising demand for contaminant free air from food & beverage, home appliances and the healthcare industry. The construction of these compressor units has no metal to metal contact that eliminates the frequent need for lubrication. Also, the oil free scroll compressors are air-cooled, which aids it in providing contaminant free and dry air constantly to its consumers.
Medical & pharmaceutical sector will consume a quarter share of the overall market
Medical & pharmaceutical segment is anticipated to consume more than 25% share in the overall market in 2019, due to the growing number of government regulations regarding the supply of purified, odorless and sterile air in healthcare facilities across the globe. The healthcare sector usually prefers oil-free rotary scroll compressors, since there will be no chance of oil leakage or lube contaminants in the air.
North America will be a key region in the rotary scroll air compressor market
North America region will prove to be a major consumer for rotary scroll compressors covering share above 15% in 2019 of the total market. Most of the population here are reliant on having packaged and processed food items due to their busier living style in addition to their increased purchasing power. This surging trend in the region is estimated to positively influence the demand for rotary scroll compressors in the near future.
The key players backing the rotary scroll air compressor market share are Ingersoll-Rand, Atlas Copco, Sullair, Boge Compressors, CompAir, Powerex Inc., Hitachi, Emerson, Gardner Denver, Frank Technologies, Air Squared, EMSE, Inc., Ohio Medical Corp., Parker Hannifin Manufacturing, FS Curtis, etc