Compressor Rental Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Compressor Rental Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Compressor Rental Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
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<strong>Compressor</strong> <strong>Rental</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>,<br />
<strong>Trends</strong>, <strong>and</strong> <strong>Forecast</strong> <strong>2017</strong> - <strong>2025</strong><br />
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The compressor rental market is expected to develop steadily over the forecast period owing to the recovery<br />
of the mining equipment market. Rising dem<strong>and</strong> for modified rental air solutions to meet the needs of the<br />
industry is likely to drive the market over the forecast period, along with the growing usage of customized air<br />
compressor rental systems in the medical, construction, <strong>and</strong> oil & gas end-user industries. Dem<strong>and</strong> for compressor<br />
rental services in the chemical industry for transporting liquid under pressure has accelerated over the<br />
years. The rapid development of this industry in Asia Pacific <strong>and</strong> Middle East & Africa is anticipated to propel<br />
the compressor rental market over the forecast period.<br />
The untapped market of Latin America is also projected to exhibit potential due to the rising number of mining<br />
equipment manufacturers in the region. Introduction of new-age compressors involves the usage of differentiated<br />
speed technology with an energy-efficient operational nature. The variable speed drive technology is<br />
energy-efficient compared to fixed speed air compressors. Despite the decline in the investments in mining<br />
<strong>and</strong> the need for it in Europe <strong>and</strong> North America, the industry is estimated to regain its prominence to cater<br />
to the compressor rental market over the next few years.<br />
Stimulation of the mining equipment market will play a key role in driving the growth trajectories of the<br />
global compressor rental market. Compressed rental find its usage in the mining industry raise boring, scaling,<br />
tire filling, refuge station air, workshop service air <strong>and</strong> pneumatic conveying among other functions. Therefore<br />
growth in mining activities will fuel the dem<strong>and</strong> for compressed rental <strong>and</strong> drive the market.<br />
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The market has been bifurcated by type into the reciprocating <strong>and</strong> rotary screw segments. The latter accounted<br />
for a major market share in 2016 <strong>and</strong> is predicted to regain its position over the forecast period. Rotary screws<br />
are widely used as a power tool in the construction industry as also used in the oil & gas sector – specifically<br />
in oil rigs to extract crude oil. Based on end-user industry, the compressor rental market is segregated into<br />
the mining, manufacturing, chemicals, <strong>and</strong> oil & gas categories. The chemical industry constituted a dominant<br />
market share in 2016 <strong>and</strong> is expected to retain its position over the next few years. <strong>Compressor</strong> rentals are<br />
often employed in aeration tanks, pressurizing tanks, <strong>and</strong> culture vessels for molding plastics <strong>and</strong> spot cooling.
Air compressors are mostly employed in the automatic control systems in the chemicals industry. The rapid<br />
growth of the chemical industry in Asia Pacific <strong>and</strong> Middle East & Africa is anticipated to drive the compressor<br />
rental market over the forecast period.<br />
Geographically, the market can be distributed over North America, Europe, Asia Pacific, Middle East & Africa,<br />
<strong>and</strong> Latin America. Asia Pacific held the dominant share in the compressor rental market in 2016 <strong>and</strong> is<br />
predicted to maintain its position during the forecast period. The rising infrastructure <strong>and</strong> industrialization in<br />
Asia Pacific offers multiple opportunities for the use of air compressors. Increasing dem<strong>and</strong> for compressors<br />
in the construction industry is a crucial driver of the compressor rental market in this region, apart from the<br />
burgeoning construction industry in India, Indonesia, Thail<strong>and</strong>, <strong>and</strong> Malaysia. North America <strong>and</strong> Europe are<br />
mature markets for compressor rentals <strong>and</strong> predicted to exp<strong>and</strong> at a decent pace over the next few years owing<br />
to the well-established end-user industries in these regions. Latin America is projected to advance rapidly due<br />
to the prevalent mining <strong>and</strong> construction industry, dominated by Brazil. Middle East & Africa is an emerging<br />
market projected to constitute a considerable market share in the near future.<br />
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Key players operating in the compressor rental market include Caterpillar, Atlas Copco, Aggreko, Sunbelt<br />
<strong>Rental</strong>s, United <strong>Rental</strong>s, <strong>and</strong> Hertz Equipment. Others are AirParts <strong>Compressor</strong>es, ACME Fab-Con, Cramco,<br />
Ramirent, <strong>and</strong> Ar Brasil <strong>Compressor</strong>es Blueline <strong>Rental</strong>.<br />
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data, <strong>and</strong> verifiable projections about market size. The projections featured in the report have been<br />
derived using proven research methodologies <strong>and</strong> assumptions. By doing so, the research report serves as a<br />
repository of analysis <strong>and</strong> information for every facet of the market, including but not limited to: Regional<br />
markets, technology, types, <strong>and</strong> applications.<br />
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