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Slow Recovery in Industrial Production & the Ensuing Focus On New Strategies to Upgrade Productive Plant Assets to Drive Opportunities for Compressors and Vacuum Pumps


Published: July 2017

REPORT STATISTICS


  • Code: MCP-1146
  • Pages: 611
  • Tables: 128
  • Companies: 317


COMPRESSORS AND VACUUM PUMPS: A RESEARCH BRIEF

The global market for Compressors and Vacuum Pumps is forecast to reach US$48.5 billion by 2024, encouraged by the slow recovery in industrial Year on Year (YoY) production growth and the ensuing resurgence of operational focus on plant assets. Other major factors driving growth in the market include strong demand for new generation energy efficient compressors and vacuum pumps; firmer oil prices and improved outlook for oil exploration, drilling and piped energy transmission; promising signs of recovery of the global mining industry from its prolonged period of slump; robust semiconductor and electronics manufacturing industry and favorable outlook for commercial aircraft production, among others. Asia-Pacific represents the largest market worldwide. The region also ranks as the fastest growing market with a CAGR of 6.8% over the analysis period led by factors such as healthy economic growth; expanding manufacturing industry supported by the rise of Southeast Asian countries as hubs for low cost production activities; growing demand for energy and increased investments in energy exploration and distribution projects as part of energy self-sufficiency goals; growing automobile sales and increased demand for automobile grade compressors, among others. 

    Summary of Findings

  • Growing Pressure to Cut Carbon Footprint Drives Demand for New Generation Energy Efficient Compressors & Vacuum Pumps
  • Strong Commercial Refrigeration Industry Drives Demand Opportunity for Refrigeration Compressors
  • Stable Outlook for the Food and Beverage Industry to Sustain Demand for Vacuum & Compressed Air in Food Production
  • Planned Expansion of Energy Transmission Networks to Spur Establishment of Compressor Stations
  • Commercial Rise of Compressed Air Energy Storage Technology and Plants to Fuel Demand for Compressors

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America

    Market Segmentation & Classification

  • Product Categories/ Segments:
    • Compressors (Positive Displacement Compressors, & Dynamic Compressors), and Vacuum Pumps (Rotary Vacuum Pumps, Liquid Ring Vacuum Pumps, Diaphragm Vacuum Pumps, Diffusion Vacuum Pumps, Cryogenic Vacuum Pumps, & Turbomolecular Vacuum Pumps
  • End-Use Segments:
    • Compressors (Automotive, Oil & Gas, Manufacturing, Transportation, HVAC, Energy, Pharmaceuticals/Medical, & Others), and Vacuum Pumps (Semiconductor, Industrial, & R&D Labs)

MAJOR PLAYERS

  • ANEST IWATA Corporation
  • Agilent Technologies Inc.
  • ATLAS COPCO AB
  • Bristol Compressors International, Inc.
  • Burckhardt Compression AG
  • Busch, LLC

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable