Air Starter Market Size (2024 - 2029)

Air Starter Market Size Summary

The air starter market is poised for growth, driven by the increasing demand for compact starters capable of operating in harsh and highly flammable environments. This demand is particularly strong in the oil and gas sector, which is expected to dominate the market due to significant investments aimed at meeting rising energy requirements. The oil and gas industry, primarily led by countries such as the United States, Saudi Arabia, Russia, Iran, and Iraq, is seeing new opportunities with recent discoveries in regions like Guyana and Ghana. These developments are anticipated to spur drilling activities, creating a favorable environment for the installation of air starters alongside diesel engines at drilling sites. However, the market's growth trajectory faces challenges from the COVID-19 pandemic, which has caused delays and slowdowns in industrial projects, particularly in the mining sector.

North America is expected to lead the air starter market, with substantial demand originating from the United States and Canada. The region's robust presence in the oil and gas, mining, and power generation sectors is likely to drive high installations of air starters on gas turbines and diesel engines. The United States, a major producer of crude oil and natural gas, benefits from technological advancements in hydraulic fracturing, which have bolstered upstream activities and increased the demand for air starters. Similarly, Canada's oil sands play a crucial role in its hydrocarbon production, contributing significantly to the country's economy. The region's growing energy and mineral demands are anticipated to attract investments, further supporting market expansion during the forecast period. The air starter market remains moderately fragmented, with key players including Ingersoll-Rand Plc, Maradyne Corp, and The Rowland Company, among others.