Global Rotary Compressor Market Overview:
The global rotary compressor market is expected to grow at a slow pace during the forecast period, according to the AMA study. The growing demand to increase the efficiency of industrial operations across different end-use industries, rising penetration of IoT & industrial revolution 4.0 are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
- Rising Penetration of IoT in Industrial Applications
- Increasing Demand to Increase the Efficiency of Industrial Operations
- Increasing Demand for Advanced Solutions & Technological Advancements in End-Use Industries
- Opportunities in the Asia Pacific Region
- Industrial Revolution 4.0 is Expected to Generate Huge Opportunities for Market Vendors During the Near Future
- Short Term Challenges for the Market Vendors Due to Shutting Down of Operations & Production of Different Industries Across Different Parts of the World to Avoid the Outspread of COVID-19
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Atlas Copco AB (Sweden), Campbell Hausfeld (United States), Doosan Portable Power (United States), Ebara Corporation (Japan), Elgi Equipments (India), Ingersoll-Rand Inc. (Ireland), Kirloskar Pneumatic Company Limited (India), Kobe Steel Ltd. (Japan), Mitsubishi Heavy Industries Ltd. (Japan), Porter-Cable (United States), Sulzer (Switzerland) and VMAC Global Technology Inc. (Canada). Analyst at AdvanceMarketAnalytics see United States, Japan Manufacturers to retain maximum share of Global Rotary Compressor market by 2025. Considering Market by Industry Verticals, the sub-segment i.e. Food & Beverage will boost the Rotary Compressor market. Considering Market by Lubrication, the sub-segment i.e. Oiled will boost the Rotary Compressor market.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Organisational Operations has Led to Reduced Demand for Rotary Compressors Across the World
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Rotary Compressor market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Rotary Compressor market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.