NEW YORK , Sept. 15, 2022 /PRNewswire/ -- The air starter market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market is characterized by the presence of numerous global and regional vendors. The competition among them is significantly intensive. As a result, the market is expected to grow during the forecasted period.
The air starter market size is expected to grow by USD 63.4 mn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 4.71% during the forecast period.
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Air Starter Market 2022-2026: Driver and Challenge
An increase in oil and gas E&P activities is driving the growth of the market. Unconventional oil and gas E&P activities have become alternatives to conventional production. Several countries are planning to start production from offshore oil and gas fields. For instance, Norway plans to expand its offshore oil E&P activities. Therefore, the rise in oil and gas E&P activities is expected to fuel the demand for air starters. These factors will propel the growth of the market in focus during the forecast period.
The high failure rate of air turbine components challenges the growth of the market. An air starter system is a power source that provides the initial rotation required to start air turbine engines. Turbines need to be highly reliable. Any damage to the air turbine system can adversely impact the entire operation of the air turbine, which can result in its breakdown. This can pose a major challenge to the growth of the air starter market during the forecast period.
Air Starter Market 2022-2026: Scope
The air starter market report covers the following areas:
Air Starter Market Size
Air Starter Market Industry Analysis
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Air Starter Market 2022-2026: Vendor Analysis
Air Starter Components, Austart Air Starters, Dusterloh Fluidtechnik GmbH, Energotech AG, Gali, Industrial Power Units Ltd., Ingersoll Rand Inc., KH Equipment, Komarine Co., Maradyne Corp., Melrose Industries Plc, Miller Air Starter Co. Inc., Power Force Technologies Pte Ltd., POWER WORKS Pty Ltd., TDI Air Starters, and The Rowland Co. are among some of the major market participants.
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Air Starter Market 2022-2026: Segmentation
Air Starter Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist air starter market growth during the next five years
Estimation of the air starter market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the air starter market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of air starter market, vendors
Portable Air Compressors Market by End-user and Geography - Forecast and Analysis 2022-2026: The portable air compressors market share is expected to increase by USD 2.01 billion from 2021 to 2026.
Air Filter Cartridges Market by End-user and Geography - Forecast and Analysis 2022-2026: The air filter cartridges market share is expected to increase by USD 21.18 billion from 2021 to 2026.
Accelerate at a CAGR of 4.71%
North America, Europe, APAC, Middle East and Africa, and South America
US, China, Japan, Germany, and France
Leading companies, Competitive strategies, Consumer engagement scope
Air Starter Components, Austart Air Starters, Dusterloh Fluidtechnik GmbH, Energotech AG, Gali, Industrial Power Units Ltd., Ingersoll Rand Inc., KH Equipment, Komarine Co., Maradyne Corp., Melrose Industries Plc, Miller Air Starter Co. Inc., Power Force Technologies Pte Ltd., POWER WORKS Pty Ltd., TDI Air Starters, and The Rowland Co.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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3.4 Market outlook: Forecast for 2021-2026
5.3 Turbine air starter - Market size and forecast 2021-2026
5.4 Vane air starter - Market size and forecast 2021-2026
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 Middle East and Africa - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 Germany - Market size and forecast 2021-2026
7.11 France - Market size and forecast 2021-2026
7.12 Japan - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
11.3 Currency conversion rates for US$
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