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Huge Demand of Compacted Engine Opening Devices Expected to Drive Global Air Starters Market: Ken Research

Air starter is a type of engine starting system, designed to work on gas turbines and diesel engines, so as to work with reciprocating of engines. It is a mechanical device that is used to create an essential torque and power to start an engine with the stored energy. It is powered by compacted air which can provide a reliable and safe energy source while reducing the possibilities of electric spark. It provides good performance in harsh environments owing to its durability. It is widely used in salty marine industry, dusty mining industries, and in the challenging oil & gas industries. Moreover, air starter has high power to weight ratio and are much simpler & compatible with turbine engines.

According to study, “Global Air Starters Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global air starters market are Ingersoll Rand Inc., Gali Internacional, S.A (Gali Group), Shin Hueng Precision Co., Ltd., Maradyne Corporation, Air Starter Components, Inc. (ASC), KH Equipment PTY Ltd., Miller Air Starter Co., Inc. (Masco), Tech Development (TDI), Multi Torque Industries PTY. Ltd., Powerworks (PTY) Ltd., Industrial Power Units Ltd., (IPU Group).

Based on air starter type, air starters market is segmented into turbine air starter and vane air starter. Turbine air starters segment dominates the market as it is widely used in the industry owing to compatibility, healthy construction, simple design, and low preservation with all industrial applications.  Based on compressor parameters, market is segmented into air temperature and air pressure. Based on power source, market is segmented into 100 PPM, 120 PPM, 180 PPM, 250 PPM, 400 PPM and others. Based on horse power, market is segmented into 15-30 HP, 32-40 HP, 40-50 HP, 50-60 HP, 70-100 HP, 100-130 HP and others. Based on alloy type, market is segmented into casting alloy and expandable alloy. In addition, based on industry, market is segmented into oil & gas industry, marine industry, mining industry, aerospace & defense, automotive and others (power generation and transportation industry). The oil & gas industry is estimated to witness lucrative growth due to high scale application of explosive atmosphere and huge equipment during the forecast period.

The air starters market is driven by huge demand of compacted engine opening devices, followed by compatibility to hazardous environments, growth of oil & gas industry, high power to weight quotient in comparison to electric starter and approval in major end-user industries for instance marine, oil & gas, mining, aviation, and others. However, higher price as compared to electric starters and growth in technological advancements in battery technology may impact the market. Moreover, growth of aviation industry and rise in activities in offshore oil & gas sector are key opportunities for market.

Based on geography, the North-American region holds major share in air starters market owing to rise in inclination towards air starter devices in large engine-starting applications and huge gratitude of the global air starters in the region. The Asian-Pacific and European regions are expected to witness higher growth rate due to high demand of compacted engine opening devices because of correctness to unsafe surroundings and endorsement in major end-user industries over the forecast period. The worldwide market is projected to grow at a CAGR of approximately 2.6% over the next five years, will reach US $160 million in 2024, from US $140 million in 2019.

For more information, click on the link below:

Global Air Starters Market

Related Reports:

Air Starters Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Air Starters Market Analysis 2013-2018 and Forecast 2019-2024

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