Sandy, Utah, USA, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Air Starter Market Size, Trends and Insights By Product (Vane Starter, Turbine starter), By Application (Aviation industry, Marine industry, Oil and gas industry, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
"According to the latest research study, the demand of global Air Starters Market size & share was valued at approximately USD 379.1 Million in 2021 and is expected to reach a value of around USD 523.3 Million by 2030, at a compound annual growth rate (CAGR) of about 5.19% during the forecast period 2022 to 2030."
The increasing demand for air starters compatible with two different types of machines and devices has boosted the market to a great extent as the key market players are constantly performing research and development programs to develop such products. Increasing demand for energy and power among the industries has emerged as a major reason for boosting the market for air starters, which is expected to grow further in the future.
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Market dynamics
Drivers
The increasing demand for better air starters from the aviation industry has emerged as a major driving force for the growth of the air starter market. Military aircraft require advanced turbine engines to acquire a better performance while using them; hence, the demand for air starters is increasing rapidly over time. This is a technology used in almost every industry worldwide; hence, the demand has been increasing for a long time. The automotive industry also emerged as a major driving force for the growth of the air starter market about the increasing demand for advanced vehicles with more refinement among potential consumers.
The marine industry proves to be a great opportunity for the growth of the air starter market as the demand for better turbines for the shipping industry has raised. These multiple reasons have emerged as the driving forces for the market's growth during the forecast period.
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(A free sample of the Air Starters report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Air Starters report has been modified to include the COVID-19 impact study prior to delivery.)
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Restraints
The high cost associated with the manufacturing of advanced air starters has emerged as a major restraining factor for the growth of the air starter market, which is expected to hamper the growth in the future as well. The pandemic outbreak had a considerable negative impact on the growth of the air starter market about the lack of demand and supply that took place due to the various restrictions imposed by the government worldwide.
The existence of other substitutes which are cheaper as compared to air starters has emerged as a major restraining factor for the market. These multiple reasons have emerged as the restraining factors for the market's growth during the forecast period.
Opportunities
Most industries worldwide use air starters as turbines; this proves to be a tremendous opportunity for market growth during the forecast period. A huge number of advanced technologies have been introduced into the market by the key market players to tend to the rapid research and development programs carried out worldwide, which has provided a great opportunity for the market's growth. These multiple reasons have emerged as opportunities for the air starter market during the forecast period.
Click Here to Access a Free Sample Report of the Global Air Starters Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18030
Key questions answered in this report:
- What is the size of the Air Starters market and what is its expected growth rate?
- What are the primary driving factors that push the Air Starters market forward?
- What are the Air Starters Industry's top companies?
- What are the different categories that the Air Starters Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Air Starters market sample report and company profiles?
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Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/air-starters-market/
Challenges
The cheaper alternatives available in the market, like electric starters, have emerged as a major challenge for the growth of the air starter market. Variable frequency drives also provide a suitable alternative to air starters, which has considerably challenged the market's growth. The high cost associated with using advanced machines and turbines has discouraged potential consumers from avoiding additional expenses imposed on the business. These multiple reasons have emerged as the challenges for the growth of their starters market during the forecast period.
Report Highlights
Based on product, the segment of turbine starters has emerged as the largest global market about the huge demand for such products among the various industries that deal with aviation and marine products. The demand for advanced technology, which is more durable and cost-effective, has boosted the scope for air starters which is a tremendous opportunity for the market. Based on application, the oil and gas segment has emerged as the largest global market due to the huge demand for advanced air starters in this industry to extract oil and gas from deep sea levels, which require a greater amount of energy.
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The increasing number of oil refineries worldwide has emerged as a tremendous opportunity for the growth of the air starter market, which is expected to grow further in the future. Based on geography, the region of North America has emerged as the largest market player in the huge number of oil and gas industries in this part of the world. The increasing demand for advanced technologies by the industries in this region has boosted the demand for air starters, which is supporting the market's growth considerably.
Regional Snapshots
The geographical sector of North America has emerged as the largest market for air starters about the huge demand it has experienced from this region. The huge number of marine industries demanding advanced air starters has proved to be a tremendous opportunity for the growth of the air starter market.
The aviation industry has also demanded advanced technologies that provide better results by consuming less energy, which emerges as another driving force for the market. The region of Europe has also contributed significantly to the growth of the air starters market to the increasing demand for aquatic food products among the people. Rapid industrialization, which has taken place in this sector with the active participation of the government, has emerged as a major opportunity for the market.
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The region of Asia Pacific has also contributed significantly to the growth of the air starter market due to the presence of the key market players, which are constantly conducting research and development programs for introducing new technologies into the market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 379.1 Million |
| Projected Market Size in 2030 | USD 523.3 Million |
| CAGR Growth Rate | 5.19% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Ingersoll Rand, Maradyne Corporation, KH Equipment, Gali, Air Starter Components (ASC), Tech Development (TDI), Shin Hueng Precision, Powerworks, Miller Air Starter, Multi Torque Industries, IPU Group, and Others |
| Key Segment | By Product, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
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Key Players
- Ingersoll Rand
• Maradyne Corporation
• KH Equipment
• Gali
• Air Starter Components (ASC)
• Tech Development (TDI)
• Shin Hueng Precision
• Powerworks
• Miller Air Starter
• Multi Torque Industries
• IPU Group
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Recent developments
- The parts that are required for diesel and gas machines and hydraulic units are manufactured by Gali International SA. Various components for the textile printing industry are also made by this company.
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Air Starters Market: Air Starters Market Size, Trends and Insights By Product (Vane Starter, Turbine starter), By Application (Aviation industry, Marine industry, Oil and gas industry, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030
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Segments covered in the report
By Product
- Vane Starter
- Turbine starter
By Application
- Aviation industry
- Marine industry
- Oil and gas industry
- Others
Click Here to Access a Free Sample Report of the Global Air Starters Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18030
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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This Air Starters Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Air Starters? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Air Starters Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Air Starters Market? What Was the Capacity, Production Value, Cost and PROFIT of the Air Starters Market?
- What Is the Current Market Status of the Air Starters Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Air Starters Market by Taking Applications and Types in Consideration?
- What Are Projections of the Global Air Starters Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Air Starters Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Air Starters Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Is the Market Dynamics of the Air Starters Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Air Starters Industry?
Reasons to Purchase Air Starters Market Report
- Air Starters Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Air Starters Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Air Starters Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Air Starters Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
- The study provides a thorough overview of the global Air Starters market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Air Starters market analysis.
- The competitive environment of current and potential participants in the Air Starters market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
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Who should buy this report?
- Participants and stakeholders worldwide Air Starters market should find this report useful. The research will be useful to all market participants in the Air Starters industry.
- Managers in the Air Starters sector are interested in publishing up-to-date and projected data about the worldwide Air Starters market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Air Starters products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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