Global Air Starter Market Share Is Likely To Reach At A CAGR Value Of Around 4.1% By 2030

28-Feb-2023 | Facts and Factors

According to Facts and Factors, the global air starter market size was worth around USD 421.6 million in 2022 and is predicted to grow to around USD 581.4 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.1% between 2023 and 2030.

Global Air Starter Market

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An air-start method is a source of power used to give the main rotation to start large diesel engines and gas turbine engines. Diesel engines have higher compression ratios than gasoline engines, which is important because the high temperature of compression is what ignites the fuel. An alternative method is necessary because a large electric starter with the ability to "eccentric" a large diesel engine would not be feasible. When the engine is initiated, condensed air is forced down any cylinder with a piston over top dead in the middle. The air-start regulator on the following cylinder in line opens as soon as the engine starts to spin, enabling the rotation to continue.

Browse the full “Air Starter Market Size, Share, Growth Analysis Report By Type (Turbine Starter and Vane Starter), By Industry Vertical (Oil & Gas, Aviation, Mining, Marine, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030report at https://www.fnfresearch.com/air-starter-market

Air starters are commonly used in several industries, including oil and gas, aerospace and defense, automotive, marine, mining, and transportation, due to the widespread use of heavy machinery in these fields. Due to the widespread adoption and use of air starters as a universal technology in many different industries, their demand has grown globally. Due to significant government expenditures in these sectors worldwide, aviation and oil & gas are the two main industries that use a large number of air starters. This is anticipated to drive demand for the global air starters market during the forecast period.

Moreover, air starters are extensively used in many different industries because of their simple design, robust construction, low maintenance requirements, and high compatibility. This is anticipated to drive the air starter industry over the following few years. Air starters are anticipated to grow in popularity during the forecast period in the marine and power generation sectors due to their excellent dependability and durability.

Global demand for air starters is being driven up by factors like the expansion of the oil and gas industry, the high demand for compacted engine opening devices due to their suitability for hazardous environments, acceptance is important end-user industries like marine, mining, aviation, and oil and gas, and the high power to weight ratio compared to electric starters. However, the market's expansion is being constrained by the existence of substitute products like electric starters and variable frequency drives, as well as by their higher price when compared to electric starters.

Global Air Starter Market

Segmental Analysis:

The global air starter market is segmented based on type, industry vertical, and region.

Based on the type, the air starter industry is bifurcated into turbine starters and vane starters. The vane starter segment is anticipated to capture the highest market share over the forecast period. Compressed air is produced by rotating devices called vane air starters. They employ a vane-axial flow system, which generates rotation by passing gas through an impeller and stationary vanes. Because they have enclosures on both sides of the rotor to guard against dust particles or other foreign objects in the airstream, vane air starters are also known as enclosed rotary machines (ERMs).

Moreover, it performs in an explosion-proof manner. It is appropriate for explosion, high temperatures, and dusty situations, and can be used in highly humid air environments without the risk of leakage due to the characteristics of the working medium air of the air motor and the consideration of structural design. Thus, driving the segmental growth over the forecast period.

Based on the industry vertical, the global air starter industry is segmented into oil & gas, aviation, mining, marine, and others. The oil & gas segment is expected to dominate the market over the forecast period. One of the major industries using air starters, which are used in upstream sectors as a power source to supply the main rotation to start the diesel engines, is the oil and gas industry.

Regional Analysis

Growing inclination towards these devices in large engine-starting applications is the key factor for the development of the North American region. North America is considered the most dominating region for the global air starters market because of the huge recognition of the global air starters in this region. The US is considered the major contributor to the development of the air starter market in the North American region.

The region has experienced increasing demand for global air starters; this progress is expected to develop in the coming future since activities in key end-user industries are increasing. Rising demand for compacted engine-starting equipment joined with compatibility with the potentially harmful and volatile atmosphere would potentially develop the demand for air starters in this region.

Report Scope

Report Attribute

Details

Market Size in 2022

USD 20.9 Billion

Projected Market Size in 2030

USD 27.5 Billion

CAGR Growth Rate

3.5% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Aerzener Maschinenfabrik GmbH, Ciasons Industrial Inc., Doosan Corporation (Doosan Infracore Portable Power), Atlas Copco AB, Berkshire Hathaway Inc. (Campbell Hausfeld), Ebara Corporation, Gardner Denver Holdings Inc., Hitachi Ltd.( Sullair LLC), Stanley Black & Decker Corporation (Porter Cable), Suzler Ltd, Kobe Steel Ltd., Desran Compressor (Shanghai) Co. Ltd., Elgi Equipments Limited, Indo-Air Compressors Pvt. Ltd., NINGBO XINDA GROUP CO. LTD (AUGUST Screw Air Compressor), Kirloskar Pneumatic Company Limited, Ingersoll-Rand plc, VMAC Global Technology Inc, Mitsubishi Heavy Industries Ltd., and others.

Key Segment

By Type, Product, Lubrication, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Competitive Analysis

The global air starter market is dominated by players like Maradyne Corp., Ingersoll-Rand Plc., Gali Group, The Rowland Company, Air Starter Components, Austart Air Starters, KH Equipment Pty Ltd, Miller Air Starter Co. Inc., Multi Torque Industries Pty Ltd, IPU Group, Power Force Technologies Pte Ltd, Fokker, Energotech AG., Domnick hunter-RL Co., Ltd., Tech Development Inc. (TDI), Hilliard Corporation and Universal Starter, Inc. among others.

Recent Development:

  • In October 2022, Yanmar America signed a definitive agreement to acquire Controlled Air, a privately held, premier provider of HVAC solutions in Connecticut and surrounding northeastern states. Controlled Air has built a legacy of technology and innovation with market-leading HVAC services and solutions with a strong focus on the customer for over 40 years.
  • In December 2022, the introduction of Altivar Soft Starter ATS480 in the Indian market was revealed by Schneider Electric, the industry pioneer in the digital transformation of energy management and automation.

The global air starter market is segmented as follows:

By Type

  • Turbine Starter
  • Vane Starter

By Industry Vertical

  • Oil & Gas
  • Aviation
  • Mining
  • Marine
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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