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Chinese Industrial Air Compressors Market : Emphasis on Efficient Energy Utilization Sustains Market Growth

Chinese Industrial Air Compressors Market : Emphasis on Efficient Energy Utilization Sustains Market Growth

  • January 2015
  • 94 pages
  • ID: 2630535
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Executive Summary

• The total Chinese industrial air compressors market is in the growth stage. It generated a revenue of $ million in 2014. The market is expected to witness a compound
annual growth rate (CAGR) of % between 2014 and 2021.
• General manufacturing, petrochemicals and chemicals, and power generation are the main end users of the total industrial air compressors market. Investments across
industries and the region demonstrate a demand for industrial air compressors for both expansion and replacement requirements.
• Advancements within centrifugal and rotary compressors will lead to a declining share for reciprocating compressors as they will be replaced due to the increased efficiency and the reduced maintenance offered by centrifugal and rotary compressors.
• Trends such as clean air technology and noise-free and portable compressors are augmenting demand.
• The rising number of global power generation projects will aid in this segment’s growth, with compressed air instrumentation playing a key role.
• Direct sales is the major distribution channel, and customer satisfaction is considered one of the most important factors that will help hold an edge over other market
participants.

CEO’s Perspective

Direct sales is expected to be one of the preferred modes of selling as it enables the solution provider to better understand customer preferences.
The increasing demand for automation in process industries drives growth.
Investments in R&D will be critical in the development of new products to compete with low-cost competitors.
The adoption of energy-efficient compressors, as part of the energy efficiency measures undertaken by end users across industries, has observed a rise in recent years.
Rising raw material and operational costs and intense competition promote market consolidation.

Key Questions This Study Will Answer

Is the market growing? How long will it continue to grow and what rate?
What are the key factors that will drive market growth?
What are the restraints faced by market participants? What is the expected impact?
What are the major end-user industries for compressors? How are they expected to grow during the forecast period?
Which types of industrial air compressors are expected to demonstrate good growth?
What are the major industry participants? What are their relative positions in the market?

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