Rotary Scroll Air Compressor Market study Added by Global Market Insights delivers an in-depth outline regarding the powerful trends existing within the industry. The study also comprises significant information concerning growth prospects, growth dynamics, market share, market size and revenue estimation of this business vertical. The report further features highlight key challenges and growth opportunities faced by the contenders of this industry, as well as enlightens the current competitive setting and growth plans enforced by the rotary scroll air compressor industry players.
Oil-free compressors are also designed specifically for industrial and laboratory applications to offer the highest level of air purity and eliminating the risk of product contamination due to oil carryover. In addition, the technology also helps in avoiding expensive filter replacements, cutting the cost of oil condensate treatment, and reducing energy loss from pressure drop in filters – benefits that will significantly propel the product adoption in the aforementioned sectors. In fact, the oil-free rotary scroll air compressor market is expected to register a CAGR of 3% over 2019-2024.
Request for a sample copy of this report @
Rising urbanization, per capita income and climatic conditions across countries like China and India are driving the Asia Pacific rotary scroll air compressor market growth. The product has gained immense demand from the region’s food and beverage sector, owing to its ability to provide cleaner and dry air to ensure high product quality. Moreover, increasing investment to set up or upgrade existing cold storage infrastructures is likely to supplement market growth.
With rising population, urban climatic conditions and disposable income in emerging economies, the use of efficient air-cooling appliances is likely to surge over the coming years, in turn supplementing rotary scroll air compressor market growth. Citing one such instance, IEA’s 2018 report claim that the global stock of air conditioners in buildings will reach 5.6 billion by 2050, up from current 1.6 billion trends.
Rotary Scroll Air Compressor Industry, by Application:
- Home appliances
- Food & beverage
- Medical & pharmaceutical
- Automotive & transportation
With a vast expanse of applications including home appliances, medical & pharmaceutical, food & beverage, automotive & transportation, and biotechnology industries, the growth prospects for rotary scroll air compressor market are anticipated to remain high. The key features associated with the product like low sound and vibration, high reliability and efficiency and low cost for maintenance is slated to attract added market growth in the ensuing years. In terms of commercialization, the market size is estimated to exceed a valuation of USD 5.5 billion by 2024.
Make an Inquiry for Purchasing this Report @
The dominant players in rotary scroll air compressor market are:
- Gardner Denver Inc.
- Atlas Copco
- Boge Compressors
- Sullair LLC
- Emerson Climate Technologies Inc.
- Ingersoll-Rand plc.
Surging demand for cooling systems in residential and commercial spaces along with rising global population will propel rotary scroll air compressor market growth over the coming years. Air conditioners (A/C) have certainly become an essential consumer appliance in both residential and commercial sectors. In fact, according to the U.S Department of Energy (DoE) report, A/C represent to about a $100 billion, 100 million-unit/year global market, accounting for 4.5 exajoules of site energy consumption each year.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Email: [email protected]