Title: Rotary Scroll Air Compressor Market – USD 2 billion revenue by 2024
1Rotary Scroll Air Compressor Market USD 2
Billion revenue by 2024
2Key Insights from Rotary Scroll Air Compressor
Market
- Rising electronic product manufacturing in Asia
Pacific will drive the demand for Rotary Scroll
Air Compressor Market 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.
3Continued...
- 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. - 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.
4Continued...
- 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.
5 Latest Research Report on Rotary Scroll Air
Compressor Market _at_ https//www.gminsights.com/i
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6Industry Coverage
7Germany Rotary Scroll Air Compressor Market Size,
by Application, 2013 2024 (USD Million)
8Major Companies in Rotary Scroll Air Compressor
Market
- 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
9Regional Insights in Rotary Scroll Air Compressor
Market
- 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. - Asia Pacific rotary scroll air compressor market
was valued above USD 800 million in 2016 and will
likely grow healthily over forecast period. Asian
countries such as India, China, etc. will be the
key contributors to the regional industry growth.
Growing healthcare awareness and presence of
large elderly population in the region is likely
to fuel the healthcare sector. - North America is also an important market
accounting for over 12 of the total share. This
region is likely to witness the significant
growth owing to government regulations and
incentives which promote the usage of energy
efficient equipment. The product demand from food
beverage application segment will bolster the
regional market by 2024
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