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.
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