Assessment of China's Market for Stationary Air Compressors
A GCiS Limited Publication Study Published July, 2014
This study - an update to our popular 2010 study on the same topic - provides an in-depth understanding of the market for stationary air compressors (SAC) in Mainland China. The report covers the overall market as well as providing detailed analysis on the three types of stationary air compressor sold in the Chinese market: stationary screw, piston and centrifugal air compressors. The scope of the market is defined as domestic (Mainland China) sales and imports, while export figures are also given. The domestic market for these products was worth around RMB 22 Bn in 2013, representing an increase of 6.5% compared with the 2012 figure.
The study finds that, besides a stable demand from manufacturing industry, the current driving force for the market is the expansion of the Chinese petroleum and chemical industries. Light industry such as food and beverage production, led by a growing wealthier consumer base, will also compensate for the falling demand from traditional heavy industries such as steel and mining.
Multinational suppliers still control over half the overall market by revenue, but domestic Chinese companies have recently gained market share in the screw SAC segment, which is seeing growth as customers gradually adopt these products in the place of piston SAC systems. With domestic technology improving, multinational suppliers' best future opportunities come from pushing towards increasingly advanced features such as oil free operation and variable speed, which are critical to reinforcing their competitive position in the chemical and light industries. This is especially important given domestic suppliers are facing excess capacity in their mid and lower end products, which will lead to fiercer price competition over the next few years.
This GCiS market study draws on an in-depth primary survey covering 78 companies, including suppliers, channel players and key industry experts. Five-year projections provided in the study will be indispensible to anyone looking to map out the course of this quickly developing market. This report is essential reading for any professional needing accurate and detailed strategic information of this market.
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