Rotary Scroll Air Compressor Market - Revenue, Business Statistics and Demand Forecast to 2024
Category: #reports  By Rahul Varpe  Date: 2020-04-07
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Rotary Scroll Air Compressor Market - Revenue, Business Statistics and Demand Forecast to 2024

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.

 The Rotary Scroll Air Compressor Market size was estimated at USD 4.6 billion in 2018 and is projected to surpass USD 5.5 billion by the year 2024. During the period of 2019-2024, the Rotary Scroll Air Compressor Market is anticipated to expand with a CAGR of 3%.

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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.

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.

All in all, 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

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Rotary Scroll Air Compressor Industry, By Application

  1. Home appliances
  2. Food & beverage
  3. Medical & pharmaceutical
  4. Automotive & transportation
  5. Biotechnology
  6. Others

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.,

The Regional Evaluation Ensures

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America (LATAM)
  5. Middle East

Market Report Includes

  1. An exhaustive analysis regarding the present market scenario along with the growth opportunities, major players, target audience, and market forecast until 2024
  2. A thorough gist of the market including growth projection, market size, prominent contenders, and market evaluation till 2024
  3. A documentation of the growth forecast, returns, growth opportunities, and Forecast 2019-2024
  4. Summary of Primary and Secondary Research, alongside Consumption Analysis, Market Segmentation, and Forecast until 2024
  5. A comprehensive evaluation with regards to Export Research Report, Emerging Growth Factors, Market Dynamics, and Forecast 2019-2024
  6. Data pertaining to Strategic Developments, Market Assessment, and Forecast until 2024
  7. Information regarding market trends, product applications, ongoing demand, technological developments and Forecast till 2024

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Key Reasons to Purchase the Market Report

  1. The report is inclusive of detailed analysis of the global market with respect to end-use spectrum, product terrain, market opportunities, along with regional demand by 2024
  2. An exhaustive data review, in consort with the systematic assessment of the market with regards to the regions and global vendors – until 2024
  3. All-detailed documentation of the parameters which will influence the market significantly, alongside the preventive strengths and their impact on the global market.
  4. The study further focuses on identifying the concealed growth opportunities of the market while delivering data on increasing CAGR through 2024
  5. The report evaluates basis issues, solutions, in tandem with product developments to address the expansion threat.

Related News: https://www.marketwatch.com/press-release/concrete-additives-market-future-trends-growth-statistics-to-2026-sika-fosroc-ltd-cemex-group-mapei-cico-group-2020-04-07



About Author

Rahul Varpe

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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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