Air Starter Market (Vane Air Starter & Turbine Air Starter) To Grow At 3.8% CAGR To 2021
The air starter market is projected to reach USD 397.0 million by 2021, at a CAGR of 3.8% from 2016 to 2021 led by North America which is the fastest growing regional market for air starters while aviation industry is to grow at the fastest rate.
Pune, India – July 18, 2016 /MarketersMedia/ —
Rising demand for compact explosion-proof ATEX-approved engine starting devices in major end-use industries such as oil & gas, aviation, and mining in regions, such as North America and Europe, are driving the growth of air starter market. Air starters are employed for engine starting in almost all major industries, including oil & gas, aviation, mining, and marine. Given the growing demand for compact and efficient engine-starting devices in these industries, the demand for air starters is set to increase in the coming years but at a gradual growth rate.
Complete report on global air starter market spread across 137 pages, profiling 11 companies and supported with 86 tables and 40 figures is now available http://www.rnrmarketresearch.com/air-starter-market-by-type-vane-air-starter-and-turbine-air-starter-end-use-industry-oil-gas-aviation-mining-marine-and-others-transportation-power-generation-by-region-trends-forecasts-to-2021-market-report.html .
With regard to industrial end-user, the aviation industry is the fastest growing segment. Rise in global air traffic and investments in civil and military aviation are the major driving factors. Moreover, rising urbanization and increasing pressure existing in the aviation infrastructure have led to growing investments in the civil & military aviation industry across the globe.
The North American region has the highest adoption of air starters and it is the largest market for air starters. The U.S. is the key contributor to the growth of the air starter market in North America. The region has witnessed rising demand for air starters; this trend is expected to continue in the future since activities in major end-user industries are growing. The increasing demand for compact engine-starting devices coupled with compatibility to explosive and potentially hazardous environments would likely to boost the demand for air starters in the region.
Major players in the market include Ingersoll Rand (U.S.), Maradyne Corporation (U.S.), Tech Development (TDI) (U.S.), Gali Internacional (Spain), Air Starter Components, Inc., (ASC) (U.S.), and KH Equipment Pty Ltd. (Australia).Other players operating in the market include Shin Hueng Precision Co., Ltd. (Korea), Powerworks (Pty) Ltd. (South Africa), Miller Air Starter Company Co. (U.S.), Multi Torque Industries (Australia) and Industrial Power Units Ltd. (IPU GROUP) (U.K.).
Get a discount on this report at http://www.rnrmarketresearch.com/contacts/discount?rname=633908 .
In the process of determining and verifying, the global air starter market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (30%) and Tier 3 (40%) companies were contacted for primary interviews. The interviews were conducted with various key people such as D-Level (35%), C-Level (10%) and others (55%) from various key organizations operating in the global air starter market. The primary interviews were conducted worldwide covering regions such as North America (23%), Europe (22%), Asia-Pacific (33%), South America (11%) and the Middle East & Africa (11%).
On a related note, another research on Air Purification Systems Market Forecast to 2020 says, Increasing level of air pollution in the atmosphere, rapid industrialization, and increasing urbanization to drive the air purification market. Use of air purification systems in the automotive sector projected to increase during the forecast period. The global air purification market size is projected to grow from USD 14.46 billion in 2015 to reach USD 20.65 billion by 2020, at a projected CAGR of 7.38%. Companies like Honeywell International Inc., 3M Company, Sharp Corporation, Daikin Industries, Ltd., Air Products and Chemicals, Inc., Clean TeQ Holdings Limited, Alfa Laval AB, SPX Corporation, Mann + Hummel GmbH and Clarcor Inc. have been profiled in this 205 pages research report available at http://www.rnrmarketresearch.com/air-purification-systems-market-product-dust-collectors-fume-smoke-collectors-vehicle-exhaust-others-technology-hepa-esp-activated-carbon-ionic-filters-others-end-use-sector-automotive-construction-healthcare-others-forecast–market-report.html .
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