About Compressor Rental
Compressors are mechanical devices that compress air or gas in a sealed unit and deliver it at the desired pressure levels. These equipment find application in a broad range of end-user industries such as construction, mining, oil and gas, power, and other industries, including food and beverage and water and wastewater treatment. The demand for compressor rental services is highly influenced by the performance of these process industries.
Technavio’s analysts forecast the global compressor rental market to grow at a CAGR of 6.9% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global compressor rental market for the period 2016-2020. The market size is estimated based on the projected demand from key end-user segments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Compressor Rental Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Compressor Rental Market: Aggreko, Atlas Copco, Caterpillar, Hertz Equipment, Ingersoll Rand, Sunbelt Rentals, and United Rentals.
Other Prominent Vendors in the market are: ACME Fab-Con, AirParts Compressores, Ar Brasil Compressores, Blueline Rental, Cramo, Coates Hire, and Ramirent.
Commenting on the report, an analyst from Technavio’s team said: “Compressor manufacturers are designing and developing air compressors that make use of variable speed technology and also have a special drive that controls the speed. A VSD automatically controls compressor operation based on user requirement for compressed air. The excellent energy efficiency provided by this type of air compressor is attributed to its continuous and real-time operational nature. This helps in reducing the demand for electric power and fuel, thus aiding in decreasing the emission levels.”
According to the report, compressed air is used to drive pneumatic power tools. Pneumatic power tools include nailers/staplers, drills and screwdrivers, impact wrenches, and percussion tools. These tools are safer to operate and maintain compared to electric power tools. They have a higher power-to-weight ratio that allows smaller and lighter tools to accomplish a complex task quickly. Moreover, the general grade pneumatic power tools with a shorter lifespan, also known as disposable tools in the tooling industry, are cheaper; whereas, industrial-grade power tools with a longer lifespan are expensive.
Further, the report states that vendors have to deal with price fluctuation of raw materials, which is a significant challenge, to remain competitive in the market.
Aggreko, Atlas Copco, Caterpillar, Hertz Equipment, Ingersoll Rand, Sunbelt Rentals, United Rentals, ACME Fab-Con, AirParts Compressores, Ar Brasil Compressores, Blueline Rental, Cramo, Coates Hire, Ramirent.
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