Rotary Scroll Air Compressor Market Overview by Top Manufacturers, Regions and Growth Prospects to 2024
Category: #reports  By Rahul Varpe  Date: 2020-04-20
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Rotary Scroll Air Compressor Market Overview by Top Manufacturers, Regions and Growth Prospects to 2024

Rotary Scroll Air Compressor Market share was valued at USD 4.6 billion in the year 2018 and is projected to surpass a revenue of USD 5.5 billion by the year 2024 and is expected to register a CAGR of 3% over the period of 2019–2024.

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.

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Application of rotary scroll air compressor in the home appliances: -

With rapid urbanization and an increase in people’s standard of living, the use of rotary scroll air compressors has, of late, grown significantly in certain home appliances. The component allows products to provide low noise, energy efficient operations whilst offering cleaner compressed air across the system, benefits that bring about significant aids to human health, comfort and productivity.

Furthermore, 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 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.

Oil-free air compressors to propel the pharmaceutical and healthcare sectors: -

Based on lubrication, oil-free rotary scroll air compressor offers key features like high reliability, low vibration and sound levels, continuous operation, 100% duty cycle, energy efficient, compact design, low maintenance and cleaner air outputs, essential features required in medical, research and biotechnology sector.

Some 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.

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Split by application, the market is divided into: -

  1. Home Appliances
  2. Food & Beverage
  3. Medical & Pharmaceuticals
  4. Automotive & Transportation
  5. Biotechnology

Know about Market growth in New Research and its Top growing factors by Key Companies like: -

Atlas Copco, Sullair, LLC, Gardner Denver, Inc., Hitachi Industrial Equipment Systems Co Ltd, Emerson Climate Technologies, Inc., Frank Technologies, Boge Compressors, CompAir, Ohio Medical Corp. - Gurnee, IL, Air squared, Powerex Inc., EMSE, Inc., FS Curtis (Curtis-Toledo, Inc.), Ingersoll-Rand plc., Parker Hannifin Manufacturing Ltd.,

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.

The report overall depicts the potential opportunities for the Rotary Scroll Air Compressor Market till the year 2024 based on SWOT analysis, growth strategies by the major vendors prevalent in the current scenario, surveys highlighting the current as well as emerging trends, etc. The chief segmentation criteria for Rotary Scroll Air Compressor Market include product landscape, technology landscape, type landscape, end-use landscape, and application landscape

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Key Reasons to Purchase the Market Report

  1. The report elaborates on an in-depth evaluation of the market with respect to the product type segment, end-use segment, regional segment, and market opportunities till 2024
  2. A detailed data review alongside the meta-analysis of the market – with respect to the global vendors as well as regions – until 2024
  3. An in-depth understanding of the driving factors that will influence the market demand and preventive strengths in the market
  4. The report helps identify the latent growth opportunities of the market along with the CAGR forecast till 2024.
  5. The report will also help identify basic problems, solutions, and product developments to manipulate the progress threat.

 



About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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