RnRMarketResearch.com adds Global Compressor Rental Market 2016-2020 latest research report, the analysts forecast global compressor rental market to grow at a CAGR of 6.9% during the period 2016-2020.
Complete report on compressor rental market is now available at http://www.rnrmarketresearch.com/global-compressor-rental-market-2016-2020-market-report.html
According to the compressor rental market 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.
The global compressor rental market an analyst 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.
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Compressors are mechanical devices that compress air or gas in a sealed unit and deliver it at the desired pressure levels. This 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.
Global Compressor Rental Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This 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 compressor rental market is divided into the following segments based on geography: Americas, APAC and EMEA
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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.
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.
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