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Research analysis on the global filter, regulator, and lubricator assemblies market identifies that the rising demand for HVAC replacements will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021. The rising awareness about the need to lower operating costs, increase energy efficiency, and take advantage of favorable government incentives have boosted the replacement of existing HVAC equipment in the UK, the US, Japan, and Germany. It is expected that 50% of the growth in the HVAC market in the US will be from the demand for replacing HVAC systems. Factors such as low operating costs, lesser maintanance and repair costs, and lower energy consumption during peak summers that reduces the utility costs by at least 50% will influence the need for the replacement of existing HVAC equipment. The increase in the replacement of HVAC units will boost the market for air compressors, which in turn, is expected to impact the global filter, regulator, and lubricator assemblies market positively.
The focus on economy and energy security is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The fossil fuel reserves in the world are less in number. This has turned the focus on alternative sustainable sources of fuel, such as biofuels and upgraded biogas which enable the diversifaation of the energy mix and reduce the dependence on fossil fuels. Favorable government incentives and policies are expected to drive the demand for upgraded biogas, which in turn, will result in an increase in the production of upgraded biogas. Moreover, the production of upgraded biogas and the focus of the governments of the US, Europe, and Asia to enhance the natural gas infrastructure will also lead to the constant demand and installation of natural gas refueling stations. This, in turn, is expected to propel the demand for gas compressors and drive the growth of the filter, regulator, and lubricator assemblies market.
The filter, regulator, and lubricator assemblies market is characterized by the presence of international, regional, and local vendors. Intense competition is observed among the large players. These international companies offer various products and the advantage of replacement demand from existing customers. The level of competition among the players in the market is increasing due to the ability of international companies to provide distinguished products.
The leading vendors in the market are -
The other prominent vendors in the market are AVENTICS, AVS Group, Bellofram Group of Companies, Bimba Manufacturing, Camozzi Pneumatics, CEJN, Clippard, Festo Group, Atlas Engineering Company, Easto Pneumatic Private Limited, Rotex Automation Limited, Shree Prayag Air Controls, Janatics India, Norgren, Parker Hannifin, Pneumatic Components Limited (PCL), Pneumax, Reed Manufacturing, and XMC Pneumatic.
During 2016, the oil and gas segment accounted for the major shares of the filter, regulator, and lubricator assemblies market. However, the food and beverage segment will lead this market by 2021 due to the growing urbanization and the rising health awareness among individuals that leads to an increase in the consumption of healthy and ready-to-eat food products. These factors will contribute to the rise in sales of equipment such as air compressors used in the food and beverage industry which will drive the growth of the market.
This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market throughout the forecast period. The rise in aging population and the growing healthcare investments in the European countries will have a significant impact on the demand for air compressors in the pharmaceutical industry. This in turn, will drive the demand for filter, regulator, and lubricator assemblies in the region.
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This upcoming research report on the global filter, regulator, and lubricator assemblies market offers insights into the key trends and emerging drivers influencing the growth of the heavy industry. Our market research reports for the heavy industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like engineering tools.
By considering the market forecast and size, surging demand for various engineering tools, the market research experts at Technavio offer a comprehensive picture of filter, regulator, and lubricator assemblies market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients develop effective growth strategies and keep pace with the continually changing market landscape. This market study also presents an extensive analysis of various services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the filter, regulator, and lubricator assemblies market also covers vendors like SMC, Ingersoll Rand (Aro), CEJN Products, and Camozzi.
This upcoming industry report on the filter, regulator, and lubricator assemblies market also considers the growth of the related engineering tools market such as the construction machinery market, which is expected project an impressive CAGR of above 11% during the forecasted period. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this industry report on the filter, regulator, and lubricator assemblies market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research report on the filter, regulator, and lubricator assemblies market also categorizes the key drivers, major trends, as well as the imminent challenges that the engineering tools sector are currently experiencing. It also presents intelligence into the rapidly changing competitive scenario to give clients a complete view of the forthcoming events within the heavy industry. Technavio also provides deep-dive market assessments into the sectors such as test and measurement and tools and components
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