Market Overview:
The global air balancers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for air balancers in various applications such as marine, automotive, aviation/aerospace, oil & gas, pulp and paper, pharmaceuticals and others. Additionally, the growing industrialization and urbanization are also contributing to the growth of this market.
Product Definition:
Air Balancers are used to balance the weight of an object. They are important because they help to keep objects from tipping over or moving around.
Pneumatic Air Balancers:
Pneumatic air balancers are devices used to control the pressure in an air stream. They are widely used in compressed air systems and industrial gas systems. Compressed Air Systems (CAS) use pneumatic balancers to reduce the high-pressure fluctuations that can damage sensitive equipment such as electronic sensors, motors, and bearings.
Hydraulic Air Balancers:
Hydraulic air balancers are used to equalize the pressure in an air balancer. It works by creating a seal around the outside of the tire, which creates a vacuum that draws air into it. The pressure inside the balancer is then balanced with atmospheric pressure through venting to atmosphere.
It's important that all hydraulic components work together as a system and without any loopholes for them to deliver desired results.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Air balancers are used in automobiles to distribute air pressure between two tires, front and rear, as well as between engine and cabin areas. The product helps reduce vibrations by providing even tire pressure across different tires thus improving vehicle handling characteristics.
Air balancers help improve fuel efficiency by reducing aerodynamic drag caused due to uneven tire inflation pressures thereby increasing fuel efficiency by up to 5%. They also help reduce rolling resistance thus increasing vehicle top speed which aids in shorter travel time required for a particular journey with less energy consumed per unit distance traveled making it more eco-friendly compared to other vehicles traveling at similar speeds on same roads or highways.
Regional Analysis:
North America dominated the global air balancers market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030. This growth can be attributed to the presence of major players, technological advancements, and high demand for efficient equipment across various industries in North America. In addition, increasing offshore drilling activities coupled with rising oil & gas exploration activities are anticipated to drive product demand further.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to rapid industrialization and expansion of manufacturing facilities by prominent companies such as Toyota Industries Corporation and Honda Motor Co., Ltd., among others in China and Japan respectively which has led them into making extensive use of these products for heavy-duty transportation applications across various industries including automotive, marine/water transportation, aerospace/aviation industry etcetera thereby driving product demand over the forecast period.
Growth Factors:
- Increasing demand for air balancing in data centers to maintain optimal performance
- Growing popularity of VR and AR applications, which require precise balance of airflow
- Proliferation of green buildings, which need air balancing for energy efficiency
- Rising awareness about the importance of indoor air quality and its impact on health
- Advances in technology that make Air Balancers more efficient and easier to use
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Balancers Market Research Report
By Type
Pneumatic Air Balancers, Hydraulic Air Balancers, Electric Air Balancers
By Application
Marine, Automotive, Aviation/Aerospace, Oil & Gas, Pulp and Paper, Pharmaceutical, Other
By Companies
Konecranes, Unified Industries, Knight, Ingersoll Rand, ENDO, NanJing JinMing Machinery Engineering, Birch Handling, YCS, Konecranes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Air Balancers Market Report Segments:
The global Air Balancers market is segmented on the basis of:
Types
Pneumatic Air Balancers, Hydraulic Air Balancers, Electric Air Balancers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine, Automotive, Aviation/Aerospace, Oil & Gas, Pulp and Paper, Pharmaceutical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Konecranes
- Unified Industries
- Knight
- Ingersoll Rand
- ENDO
- NanJing JinMing Machinery Engineering
- Birch Handling
- YCS
- Konecranes
Highlights of The Air Balancers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pneumatic Air Balancers
- Hydraulic Air Balancers
- Electric Air Balancers
- By Application:
- Marine
- Automotive
- Aviation/Aerospace
- Oil & Gas
- Pulp and Paper
- Pharmaceutical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Balancers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air balancers are a type of air conditioning unit that distribute the cooling or heating load throughout a building by using an array of fans.
Some of the key players operating in the air balancers market are Konecranes, Unified Industries, Knight, Ingersoll Rand, ENDO, NanJing JinMing Machinery Engineering, Birch Handling, YCS, Konecranes.
The air balancers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Balancers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Balancers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Balancers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Balancers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Balancers Market Size & Forecast, 2020-2028
4.5.1 Air Balancers Market Size and Y-o-Y Growth
4.5.2 Air Balancers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pneumatic Air Balancers
5.2.2 Hydraulic Air Balancers
5.2.3 Electric Air Balancers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Marine
6.2.2 Automotive
6.2.3 Aviation/Aerospace
6.2.4 Oil & Gas
6.2.5 Pulp and Paper
6.2.6 Pharmaceutical
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Balancers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Balancers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pneumatic Air Balancers
9.6.2 Hydraulic Air Balancers
9.6.3 Electric Air Balancers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Marine
9.10.2 Automotive
9.10.3 Aviation/Aerospace
9.10.4 Oil & Gas
9.10.5 Pulp and Paper
9.10.6 Pharmaceutical
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pneumatic Air Balancers
10.6.2 Hydraulic Air Balancers
10.6.3 Electric Air Balancers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Marine
10.10.2 Automotive
10.10.3 Aviation/Aerospace
10.10.4 Oil & Gas
10.10.5 Pulp and Paper
10.10.6 Pharmaceutical
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pneumatic Air Balancers
11.6.2 Hydraulic Air Balancers
11.6.3 Electric Air Balancers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Marine
11.10.2 Automotive
11.10.3 Aviation/Aerospace
11.10.4 Oil & Gas
11.10.5 Pulp and Paper
11.10.6 Pharmaceutical
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pneumatic Air Balancers
12.6.2 Hydraulic Air Balancers
12.6.3 Electric Air Balancers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Marine
12.10.2 Automotive
12.10.3 Aviation/Aerospace
12.10.4 Oil & Gas
12.10.5 Pulp and Paper
12.10.6 Pharmaceutical
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pneumatic Air Balancers
13.6.2 Hydraulic Air Balancers
13.6.3 Electric Air Balancers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Marine
13.10.2 Automotive
13.10.3 Aviation/Aerospace
13.10.4 Oil & Gas
13.10.5 Pulp and Paper
13.10.6 Pharmaceutical
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Balancers Market: Competitive Dashboard
14.2 Global Air Balancers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Konecranes
14.3.2 Unified Industries
14.3.3 Knight
14.3.4 Ingersoll Rand
14.3.5 ENDO
14.3.6 NanJing JinMing Machinery Engineering
14.3.7 Birch Handling
14.3.8 YCS
14.3.9 Konecranes
