Market Overview:
The global compensators market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for compensators in various applications, such as power engineering, petrochemical, heavy industry, and others. In terms of type, the fabric compensators segment is expected to lead the global compensators market during the forecast period. This can be attributed to their high flexibility and low weight as compared with other types of compensators.
Product Definition:
A compensator is a device used to counteract the effects of an undesired phenomenon. In mechanical engineering, vibration is often reduced or eliminated by the use of vibration absorbers or by mounting components on dampers.
Fabric Compensators:
Fabric compenators are used to reduce the momentum of a bullet by absorbing its energy. They are made up of lightweight, durable material like carbon fiber or fiberglass that helps in reducing the weight of a firearm and increases its accuracy. The main function of fabric compenators is to stop the bullet from spinning while it is in flight and thusly increasing accuracy.
The global Fabric Compensator market size was valued at USD 11,15,000 in 2016.
Metallic Compensators:
Metallic Compensators are used to reduce the momentum of moving parts and provide stability. They are most commonly used in shotguns but can also be applied to rifles, handguns, and other long-barreled weapons. Metallic compenators generally consist of a thin metal sheet that is suspended between two or more masses (usually pellets or BBs).
Application Insights:
The heavy industry segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the rising demand for steel and other metals from construction, automotive, and industrial applications. In addition, stringent regulations on workplace safety are also driving the demand for compensators.
Petrochemical is expected to be one of the fastest-growing application segments over the forecast period owing to increasing investments by companies in order to expand their production capacities at a domestic level as well as at a regional level with countries such as Russia and China being its major consumers. Compensators are used during refineries process units that require high rotational speeds along with smooth functioning thereby minimizing any friction or wear & tear between components thus ensuring long-term performance of equipment without any need for maintenance or repair works which further drives their demand within this application segment.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments in various sectors, such as construction, heavy machinery, automotive and others. Increasing industrial activities due to rapid urbanization have also led to an increase in demand for compressing machines across numerous industries.
The Middle East & Africa is anticipated to be one of the fastest-growing regions over the forecast period owing to rising oil & gas industry across countries such as Saudi Arabia and UAE. In addition, growing construction sector mainly due Rubicon city development project which includes a number of buildings with height exceeding 400 meters will drive product demand further over next eight years from 2018 till 2030 time frame).
Growth Factors:
- Increasing demand for compensators in the aerospace and defense industry as a result of the growing need for advanced noise and vibration control solutions.
- The increasing popularity of compensators in the automotive industry to reduce vibrations and noise from engines, transmissions, and other components.
- Growing demand from the medical device industry for compensators to reduce vibrations caused by surgical tools and equipment.
- Rising demand from the industrial sector for compensators to suppress vibrations in manufacturing processes and equipment installations.
- Increasing use of compensators in wind turbines to minimize vibration-related fatigue failures
Scope Of The Report
Report Attributes
Report Details
Report Title
Compensators Market Research Report
By Type
Fabric Compensators, Metallic Compensators, Rubber Compensators, Others
By Application
Power Engineering, Petrochemical, Heavy Industry, Others
By Companies
Hyspan Precision, HKR, BOA Holding, Pyrotek, AEROSUN-TOLA, EagleBurgmann, EBAA Iron, Metraflex, U.S. Bellows, Flexider, Macoga, Spiroflex, Holz Rubber Company, Trelleborg, Witzenmann, Senior Flexonics, Teadit Group
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Compensators Market Report Segments:
The global Compensators market is segmented on the basis of:
Types
Fabric Compensators, Metallic Compensators, Rubber Compensators, Others
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
Power Engineering, Petrochemical, Heavy Industry, Others
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:
- Hyspan Precision
- HKR
- BOA Holding
- Pyrotek
- AEROSUN-TOLA
- EagleBurgmann
- EBAA Iron
- Metraflex
- U.S. Bellows
- Flexider
- Macoga
- Spiroflex
- Holz Rubber Company
- Trelleborg
- Witzenmann
- Senior Flexonics
- Teadit Group
Highlights of The Compensators 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:
- Fabric Compensators
- Metallic Compensators
- Rubber Compensators
- Others
- By Application:
- Power Engineering
- Petrochemical
- Heavy Industry
- Others
- 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 Compensators 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.
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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?
Compensators are devices that help to offset the recoil of a firearm. They can be attached to the barrel or stock of a gun, and they use springs or weights to reduce the amount of recoil felt by the shooter.
Some of the major players in the compensators market are Hyspan Precision, HKR, BOA Holding, Pyrotek, AEROSUN-TOLA, EagleBurgmann, EBAA Iron, Metraflex, U.S. Bellows, Flexider, Macoga, Spiroflex, Holz Rubber Company, Trelleborg, Witzenmann, Senior Flexonics, Teadit Group.
The compensators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compensators 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 Compensators Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Compensators 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 Compensators 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 Compensators Market Size & Forecast, 2018-2028 4.5.1 Compensators Market Size and Y-o-Y Growth 4.5.2 Compensators Market Absolute $ Opportunity
Chapter 5 Global Compensators 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 Compensators Market Size Forecast by Type
5.2.1 Fabric Compensators
5.2.2 Metallic Compensators
5.2.3 Rubber Compensators
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Compensators 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 Compensators Market Size Forecast by Applications
6.2.1 Power Engineering
6.2.2 Petrochemical
6.2.3 Heavy Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compensators 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 Compensators 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 Compensators Analysis and Forecast
9.1 Introduction
9.2 North America Compensators 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 Compensators Market Size Forecast by Type
9.6.1 Fabric Compensators
9.6.2 Metallic Compensators
9.6.3 Rubber Compensators
9.6.4 Others
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 Compensators Market Size Forecast by Applications
9.10.1 Power Engineering
9.10.2 Petrochemical
9.10.3 Heavy Industry
9.10.4 Others
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 Compensators Analysis and Forecast
10.1 Introduction
10.2 Europe Compensators 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 Compensators Market Size Forecast by Type
10.6.1 Fabric Compensators
10.6.2 Metallic Compensators
10.6.3 Rubber Compensators
10.6.4 Others
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 Compensators Market Size Forecast by Applications
10.10.1 Power Engineering
10.10.2 Petrochemical
10.10.3 Heavy Industry
10.10.4 Others
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 Compensators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Compensators 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 Compensators Market Size Forecast by Type
11.6.1 Fabric Compensators
11.6.2 Metallic Compensators
11.6.3 Rubber Compensators
11.6.4 Others
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 Compensators Market Size Forecast by Applications
11.10.1 Power Engineering
11.10.2 Petrochemical
11.10.3 Heavy Industry
11.10.4 Others
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 Compensators Analysis and Forecast
12.1 Introduction
12.2 Latin America Compensators 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 Compensators Market Size Forecast by Type
12.6.1 Fabric Compensators
12.6.2 Metallic Compensators
12.6.3 Rubber Compensators
12.6.4 Others
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 Compensators Market Size Forecast by Applications
12.10.1 Power Engineering
12.10.2 Petrochemical
12.10.3 Heavy Industry
12.10.4 Others
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) Compensators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Compensators 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) Compensators Market Size Forecast by Type
13.6.1 Fabric Compensators
13.6.2 Metallic Compensators
13.6.3 Rubber Compensators
13.6.4 Others
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) Compensators Market Size Forecast by Applications
13.10.1 Power Engineering
13.10.2 Petrochemical
13.10.3 Heavy Industry
13.10.4 Others
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 Compensators Market: Competitive Dashboard
14.2 Global Compensators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hyspan Precision
14.3.2 HKR
14.3.3 BOA Holding
14.3.4 Pyrotek
14.3.5 AEROSUN-TOLA
14.3.6 EagleBurgmann
14.3.7 EBAA Iron
14.3.8 Metraflex
14.3.9 U.S. Bellows
14.3.10 Flexider
14.3.11 Macoga
14.3.12 Spiroflex
14.3.13 Holz Rubber Company
14.3.14 Trelleborg
14.3.15 Witzenmann
14.3.16 Senior Flexonics
14.3.17 Teadit Group