Rotary Scroll Air Compressor Market Size
Rotary Scroll Air Compressor Market size was over USD 3.9 billion in 2019 and shall witness 3% CAGR throughout the forecast timespan. Rotary scroll compressors are sort of equipment that are primarily used for the compression of refrigerant or air. These gadgets are majorly used in refrigerators, air conditioners (AC), automobile superchargers and as vacuum pumps. It’s silent and efficient operational properties will boost the product consumption over the forecast timeframe.
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As populations grow and people in developing countries become wealthier, they're buying more air conditioning systems for their homes and businesses. This is expected to boost the demand for rotary scroll compressors, which are used in these systems. The medical industry is also a big customer, as these compressors provide clean air for patients in medical equipment. And with more people working and living busy lives, demand is rising for convenience foods that can be quickly and easily prepared. This is also driving up the use of rotary scroll compressors, which help to control moisture in food and beverage production.
Most of the nations in Europe and North America have established new guidelines regarding different industrial equipment. These regulations were introduced to control the rising noise pollution levels, energy losses and greenhouse gas radiations. Owing to these recent guidelines, the industrial equipment manufacturers are shifting their interests towards energy-efficient equipment with minimum impact on the environment. This in turn will boost the rotary scroll air compressor’s popularity due to their minimum vibration levels, low sound, reliability and energy saving properties in the recent years.
Rotary Scroll Air Compressor Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2019 |
| Rotary Scroll Air Compressor Market Size in 2019 |
26.9 Million units |
| Forecast Period |
2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR |
3.0% |
| 2026 Value Projection |
27.1 Million units |
| Historical Data for |
2016 to 2019 |
| No. of Pages |
200 |
| Tables, Charts & Figures |
162 |
| Segments covered |
Lubrication, Application |
| Growth Drivers |
- Competitive features along with supportive regulation associated with the product
- Growing demand for oil-free compressed air in several end-user industries
|
| Pitfalls & Challenges |
- Dip in the automotive industry in the recent period may effect product consumption
- Spread of COVID-19 will have a negative impact on the global economy
|
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However, rotary scroll compressors are moderately expensive which results in several customers renting the compressors instead of purchasing, as they are majorly required during occasional activities, this may obstruct the market development during the forecast timeframe. Moreover, the heavy spread of COVID-19 pandemic across the globe will pose major threat to the product market in the near future.
Rotary Scroll Air Compressor Market Analysis
Based on its revenue, oil-free segment captured more than 80% share in 2019 and is estimated to witness considerable growth during the forecast period. Swelling application from food & beverage, home appliances, and medical & pharmaceutical industry will advance the segment growth in the near future. Maintaining air purity is crucial for almost every plants and factories, where even a least portion of leaking oil, or oil contaminated air may cause spoilage, recall or damage to the production equipment. Several industries have introduced stringent regulations to ensure safeguard of both manufacturing practices and its end users.
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Oil-filled rotary scroll compressors generally finds usage in heavy-duty applications within the manufacturing industry. However, the segment will witness a sluggish growth rate over 2% in the near future since these compressors pose threat to the environment and is facing heavy competition from other sorts of compressor such as centrifugal, heavy-duty screw, and reciprocating compressors. These compressors require extra care and regular maintenance due to the presence of complex and heavier machinery. This type of scroll compressors are less expensive and lasts longer than oil free ones.
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In the world of your home appliances, like those trusty air conditioners and cool refrigerators, there's a quiet hero hard at workthe rotary scroll air compressor. These clever devices are the ones that make sure your fridge keeps your food chill and your AC blows out refreshing air. Over the next few years, the rotary scroll air compressor gang is expected to grow even bigger, with more and more manufacturers using them. Why? Because they're whisper-quiet and do an amazing job of keeping compressed air safely inside the system. In the world of freezers and refrigerators, a whopping 200 million units were produced in 2018. And guess who's the star player? Asia Pacific, with China taking the lead with a massive 70% share. But here's the kickerPeople are buying more and more air conditioners and refrigerators thanks to their rising paychecks, the warming planet, and some awesome tech upgrades. So, these compressors are going to be in high demand in the years to come.
These compressors also finds widespread use in the food and beverage industry around the world. It is used during food processing and packaging applications. Purified and dry air is provided through these scroll compressors, as to ensure and maintain quality of the packaged food item. Furthermore, the ever escalating population and its developing standard of life, hectic lifestyle and time constraints in preparation of meals in the urban localities have constantly supported the upsurge in demand for ready-to-eat food products and various beverages.
The rotary scroll air compressor market in Asia Pacific is booming, with an estimated value of over $1 billion in 2019. And it's predicted to keep growing steadily, with a projected CAGR (compound annual growth rate) of over 3% over the next few years. This growth is driven by several factorsRising urbanizationAs more and more people move to cities, the demand for air conditioners goes up. Changing climate As the climate gets warmer, people are using air conditioners more often and for longer periods of time. Increasing income levels In countries like India, Japan, and China, people are earning more money, which means they can afford to buy air conditioners. Scroll compressors are a popular choice for air conditioners because they're energy-efficient. This makes them especially appealing in less affluent countries, where people are looking for ways to save money on their energy bills. However, there is a downside to scroll compressorsthey're not easy to repair. If one breaks down, it usually has to be replaced. And because scroll compressors can heat up during operation, they can sometimes shut down on their own.
Europe also holds a significant volume share over 15% among the overall product market in 2019. Presence of major product manufacturers and rising competition within them will result in various technological advancements in the region. In addition, numerous innovations in medical and pharmaceutical industry is anticipated to catapult the product usage in the recent years. Also, imposing of stringent regulations concerning greenhouse gas emissions and energy consumption will advance the rotary scroll air compressor demand in the near future.
Rotary Scroll Air Compressor Market Share
The major rotary scroll air compressor market contributors are
- Atlas Copco
- Ingersoll-Rand
- Gardner Denver
- Emerson
- Sullair
- Hitachi
- Frank Technologies
- Boge Compressors
- CompAir
- Ohio Medical Corp
- Air Squared
- Powerex Inc
- EMSE, Inc
- FS Curtis
- Parker Hannifin Manufacturing Ltd. etc.
Rotary scroll air compressors research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in Thousand Units and USD Million from 2016 to 2026, for the following segments
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Rotary Scroll Air Compressor Market, By Lubrication
By Application
- Home appliances
- Food & beverage
- Medical & pharmaceuticals
- Automotive & transportation
- Biotechnology ( research, etc.)
- Others ( semiconductor & electronics, commercial printing, etc.)
The above information is provided on a regional and country basis for the following
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- APAC
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- LATAM
- MEA
- South Africa
- Saudi Arabia
- UAE
