(Aviation-NewsWire.Com, June 16, 2017 ) "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",
The air starter market is projected to grow from an estimated market size of USD 329.7 Million in 2016 to USD 397.0 Million by 2021, at a CAGR of 3.8% from 2016 to 2021. Increase in demand for compact and explosion-proof devices in industries such as offshore oil & gas and others; high power-to-weight ratio; and low maintenance are driving the global air starter market.
The oil & gas industry is expected to occupy the largest share of the air starter market, by end-user
The oil & gas industry is the largest end-user segment for air starters, due to the large-scale application of heavy equipment in the potentially explosive and space-constrained environment. Aviation, mining, and marine industries are the other major end-users that employ air starters. The air starter market in the aviation industry is expected to grow at the highest CAGR during the forecast period. This growth is attributed to rising air traffic and investments in civil and military aviation.
Turbine starter segment is expected to account for the largest share of the air starter market, by type
Turbine starters are estimated to constitute the largest segment of the air starter market. They are widely employed within the industry, owing to simple design, low maintenance, robust construction, and compatibility with almost all industrial applications. Major end-user industries such as oil & gas, aviation, mining, and marine employ turbine starters for diverse applications. Vane starters constitute a very small share, and is projected to grow at a slower rate as compared to the turbine starter market.
North America is currently the largest market; however, it is projected to dominate the global air starter market during the forecast period
North America is estimated to be the largest air starter market in 2016, with the U.S. expected to lead the market in terms of growth rate from 2016 to 2021. In this report, the air starter market has been analyzed with respect to five regions, namely, Asia-Pacific, Europe, North America, South America, and the Middle East & Africa. The air starter market is expanding in developed countries, owing to the rising preference for such devices in large-size engine-starting applications.
To enable an in-depth understanding of the competitive landscape, the report profiles some of the leading players in the air starter market, including 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.).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Rohan MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Tel: 1-888-600-6441
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: