Air Starter Market Size (2024 - 2029)

The air starter market is projected to experience growth driven by the increasing demand for compact starters suitable for harsh and highly inflammable environments. Despite potential setbacks due to COVID-19-related delays in industrial projects, particularly in the mining sector, the market is expected to expand, with the oil and gas sector leading due to significant investments aimed at meeting rising energy needs. North America, especially the United States and Canada, is anticipated to hold a dominant position in the market. Additionally, new drilling opportunities in regions like South America and Africa are likely to further enhance the market's scope.

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Market Size of Air Starter Industry

air starter market
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

air starter market forecast

*Disclaimer: Major Players sorted in no particular order

Air Starter Market Analysis

The air starter market is expected to grow at a CAGR of around 3% during the forecast period. Factors such as increasing demand for compact starters that are compatible with operating in the harsh and highly inflammable environment are expected to drive the market across the world. However, due to the outbreak of COVID-19, slow down, or delay of industrial projects such as in the mining sector is likely to hinder the market growth during the forecast period.

  • The oil & gas sector is likely to dominate during the forecast period, owing to its high investment to meet the rising energy requirement.
  • The oil and gas industry is mostly dominated by countries like the United States, Saudi Arabia, Russia, Iran, and Iraq. But with 2019 oil and gas discoveries in other countries such as Guyana in South America and Ghana in the African region, there is expected to have ample drilling activities, which is likely to create opportunities for the air starter market to install along with the diesel engines on the drilling sites in the near future.
  • North America is likely to dominate the market during the forecast period, with majority of the demand coming from the United States and Canada.

Air Starter Industry Segmentation

The air starter market report includes:

Type
Vane Air Starter
Turbine Air Starter
End-User
Oil & Gas
Power Generation
Mining
Others
Geography
North America
Asia-Pacific
Europe
South America
Middle-East and Africa
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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.

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Air Starter Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD million, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Vane Air Starter

      2. 2.1.2 Turbine Air Starter

    2. 2.2 End-User

      1. 2.2.1 Oil & Gas

      2. 2.2.2 Power Generation

      3. 2.2.3 Mining

      4. 2.2.4 Others

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Asia-Pacific

      3. 2.3.3 Europe

      4. 2.3.4 South America

      5. 2.3.5 Middle-East and Africa

Air Starter Market Size FAQs

The Air Starter Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Ingersoll-Rand Plc, Maradyne Corp, The Rowland Company, Gali Group and Air Starter Components are the major companies operating in the Air Starter Market.

Air Starter Market Report Snapshots

Air Starter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)