Rotary Scroll Air Compressor Market worth over $2bn by 2024
Published Date: October 24, 2017 Author: Global Market Insights, Inc.
Rotary Scroll Air Compressor Market size will surpass USD 2 billion by 2024; according to a new research report by Global Market Insights, Inc.
Rising electronic product manufacturing in Asia Pacific will drive the demand for rotary scroll air compressor during the forecast period due to its extensive usage in semiconductor and electronics manufacturing and servicing application. Oil contamination and undesirable vibrations may lead to expensive maintenance costs and production shutdowns in electronics industry due to involvement of several precision manufacturing works such as cleaning of PCB, circuitry assembling, semiconductor manufacturing, etc. Hence oil-free, vibration less, and silent rotary scroll air compressors are preferred in these industries.
Increasing dental health awareness amongst people and rising income levels will also drive the product demand in forecast spell as it finds application in powering various dental equipment and tools due to its exceptional features such as low vibration and noise. According to the American Dental Association, more than 50% of the adults visited dentists every six months in the U.S. in 2014, while over 15% practice annual visitation. Rising technological advancements in the dental field and awareness in the emerging nations will significantly propel the oil-free rotary scroll air compressor market demand over forecast timeframe.
High purchasing cost and low flow capacity as compared to other air compressors, including centrifugal, screw, or reciprocating types, are the major hindrances for the rotary scroll air compressor market growth by 2024. These products are unrepairable as its parts cannot be disassembled and this, in turn, will incur purchasing a heavy operational cost. The flow capacity ranges up to 120 cfpm, which is less than other air compressors found in the field.
Browse key industry insights spread across 135 pages with 128 market data tables & 11 figures & charts from the report, “Rotary Scroll Air Compressor Market Size By Lubrication (Oil-Free, Oil-Filled), By Application (Food & Beverage, Semiconductor & Electronics, Manufacturing, Medical, Dental, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
The market is categorized based on lubrication and application. The lubrication segment includes oil-filled and oil-free rotary scroll air compressors. The oil-free category will hold sway the industry, growing at more than 3% CAGR in the next seven years. Oil-filled products find application in manufacturing domain where higher capacity and maximum discharge compressor is required but will face considerable threats from heavy-duty screw, centrifugal, or reciprocating compressors.
The rotary scroll air compressor market application segments include manufacturing, medical, dental, food & beverage, electronics & semiconductor, and others. Minor segments such as chemical laboratories, packaging industry, textile, etc. are considered under the others segment. Medical is the major application segment which will capture more than 40% of the global rotary scroll air compressor market share by the end of the forecast period. This is due to wide product application in medical equipment and tools including operating equipment, medical air supply system, and diagnostic machines.
Europe held over 25% of total rotary scroll air compressor market share and will grow at a moderate rate by 2024. This is due to mature healthcare and food & beverage industries coupled with a developing industrial sector in Eastern Europe. Presence of several multinational chemical and pharmaceutical manufacturers in the region and rising focus on the product quality driven by the stringent regulations will enhance rotary scroll air compressor market demand in coming years.
Major players in the rotary scroll air compressor include Gardner Denver, Ingersoll-Rand plc, Parker Hannifin Manufacturing, Atlas Copco, Hitachi Industrial, Emerson, Boge Kompressoren, Air Squared, Frank Technologies, Sullair, Ohio Medical, EMSE, Aeronamic, Curtis-Toledo, Powerex and CompAir.
Rotary Scroll Air Compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Rotary Scroll Air Compressor Market by Lubrication
Rotary Scroll Air Compressor Market by Application
- Food & Beverage
- Semiconductor & Electronics
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- South Africa