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Allied Market Research

Air Starter Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 195 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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An air-start system is a power source used to provide initial rotation to start large diesel and gas turbine engines. Unlike electric starters, which generally creates sparks and need expensive, and sometimes unreliable batteries, air starters are powered by compressed air. It provides a completely safe and reliable energy source while eliminating all possibilities of electrical ignition. 

Air starters provide good performance in harsh environments due to its durability. They are widely used in dusty mining industries, salty marine industry, and in challenging oil & gas industries. Moreover, air starters have high power to weight ratio and are much simpler and compatible with turbine engines.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

Type, Power Force, Compressor, Horsepower, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), LAMEA (Brazil, UAE, Saudi Arabia, South Africa, Rest of LAMEA)

  Companies covered

Power Force Technologies Pte Ltd, Maradyne Corporation, Fokker, Energotech AG., Domnick hunter-RL Co., Ltd.,KH Equipment Pty Ltd.,Tech Development Inc. (TDI),Hilliard Corporation,Universal Starter, Inc., GaliInternacional SA and others.

 

COVID-19 Impact

  • The global market for air starter market is severely impacted by the outbreak of the COVID-19 pandemic. 
  • The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns. 
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of air starters, which negatively impact the market growth.

Top impacting factors: Market Scenario Analysis, Trends and Drivers 

Air starter is a universal technology, widely adopted and used in various industries, which is expected to increase the demand for air starters around the world. Among these industries, aviation and oil and gas are the major industries that employ air starters in huge numbers due to very high amount of government investments in these industries across the globe, which is expected to fuel the demand for air starters over the forecast years.

Demand for air starters is expected to rise in the next few years in the marine and power generation industry due to their high reliability and durability. Further, air starters are highly used in these industries due to its robust construction, simple design,high compatibility and low maintenance. This in turn is projected to drive the global air starter market over the next few years and create great opportunities for revenue generation in the forecasted period.

However, presence of substitute products such as electric starters and variable frequency drives is one of the negative factors hampering the air starters market. Plus, high cost of air starter as compared to other alternative products is another factor restraining the growth of the air starters market worldwide.

Regional Analysis

The global air starter market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. North America is expected to be the largest market over the coming years in response to the growing inclination towards these devices in large engine-starting applications. In addition to this, huge recognition of the global air starters in this region is further expected to complement the growth of this region. Moreover, increase demand for compacted engine-starting equipment along with compatibility to potentially harmful and volatile atmosphere would potentially generate the demand for air starters in this region.

Key segments covered:

Segments

Subsegments

  Type

  • Vane Air Starter
  • Turbine Air Starter

  Power Force

  • 100 PPM
  • 120 PPM
  • 180 PPM
  • 250 PPM
  • 400 PPM
  • Others

  Compressor

  • Air Pressure
  • Air Temperature

  Horsepower

  • 15 - 30 HP
  • 32 - 40 HP
  • 40 - 50 HP
  • 50 - 60 HP
  • 70 - 100 HP
  • 100 -130 HP
  • Others

  Industry Vertical

  • Oil & Gas
  • Aerospace and Défense
  • Mining
  • Marine
  • Automotive
  • Transportation
  • Power Generation
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global air starter market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global air starter market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global air starter market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global air starter market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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