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Air Compressor Market is concerned about manufacturing and supply of of Air Compressors. Air compressors converts power into potential energy stored in pressurized air. In a way, they are designed to compress large volumes of air to a high pressure and harness this as a potential energy source.
Air compressor Market find large field of applications in various end industries, such as power generation, oil and gas industry, automobile food&beverage, chemical, oil&gas and other manufacturing. There are five compressor types those are commonly used in HVAC industry. They are Reciprocating, Scroll, Screw, Rotary, and Centrifugal. Air receiver tank is an integral and important part of a compressed air system.
Air Compressor Market is driven by higher demand and consumption of air compressors in various industrial applications namely sweetening of gasoline, oxidation of sour water, catalyst regeneration. This demand is mainly due to its low maintenance, and multiple options for fuel operation. Air Compressor Spare Parts are also in high demand and contributing to its market proliferation.
An increase in the number of wastewater treatment plants is also fueling Air Compressor Market as these plants require compressors for agitation to keep solids in suspension, drive the pumps to move the material and supply oxygen as a measure to support the processing bacteria. To depict its technical advancements, several manufacturers are trying to design and develop next generation air compressors that comprise a variable speed drive, enhance customer productivity, and benefit the environment. Coming to its restraints Air Compressor Maintenance is a daunting task as compressor service became relatively expensive these days. However, the consumers are hoping that the market find a solution for this in the upcoming future.
Asia-Pacific dominated the Air Compressor Market with higher number of compressor suppliers followed by North America and Europe as second and third largest market for air compressor market. Asia-Pacific is projected to have the fastest growth. Increasing number of end-use industry players, especially in developing nations such as China and India.
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