Global Compressor Parts and Accessories Market– Introduction
- Compressor parts and accessories are dynamic power sources for many industries, as they are used in a variety of low to medium and medium to high pressure applications.
- In addition, compressor parts and accessories are used for different industrial settings in factories or industries that have 24 hour daily operations.
- The parts and accessories can work continuously and for long, depending on the environment they are used, so as to benefit the profit and production of industries.
Global Compressor Parts and Accessories Market–Dynamics
Key driver of compressor parts and accessories market
- Growing adoption of compressor parts and accessories in different industries across the globe
- Compressor parts and accessories are widely used in different industries such as oil and gas, food and beverages, aerospace and defense, automotive, marine, mining, and transportation due to the large scale application of heavy equipment industries, which is expected to enhance the demand for compressor parts and accessories across the globe.
- Furthermore, manufacturers are increasingly investing in research and development activities to develop new and innovative techniques to manufacture compressed parts and accessories across the globe.
- In addition, advanced features of compressed parts and accessories that includes fast cutting in shorter time, highly efficient and reliable parts and accessories, easy control, maximum life, cost effective operations, and automatic switch on – off option is expected to fuel the compressed parts and accessories market over the forecast period.
- Moreover, manufacturers are striving to gain competitive edge through increasing product differentiation.
- Asia Pacific Is expected to exhibit the highest growth followed by North America in compressed air parts and accessories market
- Geographically, the highest growth is forecast for Asia Pacific followed by North America, due to the rising investments in food and beverages and chemical industries across these regions, which is expected to fuel the growth of global compressor parts and accessories market.
- In addition to it, growing non-conventional applications for compressed air and fluids has direct impact on parts and accessories demand across all regions
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Global Compressor Parts and Accessories Market–Competition Landscape
- In August 2018, Elgi Equipments Ltd. acquired 100% share of Australia based Pulford Air & Gas Pty Ltd, a leading provider of air and gas compressed solutions. Elgi is a prominent manufacturer of air compressed products across 100 countries.
- Some of the key players operating in the global compressor parts and accessories market are
- Elgi Equipments Ltd.
Elgi Equipments Ltd. is a prominent manufacturer and provider of garage and air compressor equipment. The company has widened its product portfolio with 400 varieties and provides multi air compressed solutions across 100 countries in different industries across the world.
- Ingersoll Rand Inc
Ingersoll Rand Inc. manufactures, designs, and sells industrial and commercial products. It provides various types of products such as compressed air, reciprocating air compressors, oil-flooded rotary air compressors, oil-free rotary screw air compressors, centrifugal compressors, air compressor dryers / air compressor filters, air motors, and air starters.
- Campbell Hausfeld
- Atlas Copco
- Makita Corporation
- Milwaukee Electric Tool Corporation
- Pulford Air & Gas Pty Ltd
- Hankison International, Inc.
- Chicago Pneumatic
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Global Compressor Parts and Accessories Market – Research Scope
The global compressor parts and accessories market can be segmented based on:
- Compressor Parts and Accessories Type
- Displacement Type
Global Compressor Parts and Accessories Market, by Type
Based on compressor parts and accessories type, the global compressor parts and accessories market can be divided into:
- Reciprocating compressors
- Ionic liquid piston compressor
- Rotary screw compressors
- Rotary vane compressors
- Rolling piston
- Scroll compressors
- Diaphragm compressors
- Air bubble compressor
- Centrifugal compressors
- Diagonal or mixed-flow compressors
- Axial-flow compressors
Global Compressor Parts and Accessories Market, by Application
In terms of application, the global compressor parts and accessories market can be segmented into:
Global Compressor Parts and Accessories Market, by Displacement Type
Based on displacement type, the global compressor parts and accessories market can be segregated into:
- Positive Displacement
- Dynamic Displacement
Global Compressor Parts and Accessories Market, by Industry
In terms of industry, the global compressor parts and accessories market can be categorized into:
- Oil &Gas
- Food & Beverages
- IT &Telecommunication
- Aerospace & Defense
- Electronics & Consumer Goods
- Others (Aviation, Power Generation Systems, Construction, etc.)
Global Compressor Parts and Accessories Market, by Region
Regional analysis of the global compressor parts and accessories market includes:
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
The report incorporates in-depth assessment of product development, financial analysis, product market sizing, competition landscape, product benchmarking, market trends, and strategic analysis to estimate the potential opportunities for and impact forces of the global compressor parts and accessories market. The report also includes a study and qualitative and quantitative research of major developments in the market such as mergers and acquisitions, product launches, agreements, and collaborations to recognize the prevailing market dynamics and their estimated impact during the forecast period.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.