Global Air Spring Components Market Strategies and Forecast Till, 2024-2032

Air Starter Market Size And Forecast

Air Starter Market size was valued at USD 409.91 Million in 2024 and is projected to reach USD 507.28 Million by 2031, growing at a CAGR of 2.70% during the forecast period 2024-2031.

The wide applications of the starters in industries due to simple design, robust construction, low maintenance, and high compatibility is a key factors driving the growth of the market. Additionally, the demand for these starters is expected to rise in the power generation and marine industries due to their high durability and reliability of these starters. The Global Air Starter Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Air Starter Market Definition

Air starters are devices that store energy in compressed gas or air to produce the required torque and power to start the engines. The starters are designed to work with reciprocating engines equipped with ring gear attached to the flywheel. When the engine starting sequence is instigated, a blast of compressed air is released, which strikes the primary turbine wheel causing it to rotate at high speed. As the air departs the first flywheel, it strikes the ensuing wheel causing it to turn. Eventually, the wheel reaches a torque of 25,000 to 40,000 rpm.

The starters are used in gas and diesel turbines, which helps these engines produce an initial rotation that starts the engine. In diesel engines, the air starters can be used in two ways. Firstly, the air is directed downwards, which turns the piston and forces it downwards; the engine then starts to rotate so that the starter can be aligned according to the next cylinder for continuous movement. Secondly, the engines use air starters by powering the fluid motors.

Global Air Starter Market Overview

The market is anticipated to be driven due to the advantages offered by air starters compared to electric starters. The air starters offer a higher power-to-weight ratio meaning the starter can effectively start the larger machines quickly. Additionally, the starters are less prone to heating as they depend on the incoming air for their work compared to the electric starters that get heated quickly if a longer time is required for the system to start. Due to these properties, the starters are deployed to work in dusty and dirty environmental conditions where the starters need to work in a range of temperature conditions and provide continuous power without heating.

The increasing applications of these starters in marine, oil and gas, construction, mining, automobile, aerospace, and defense and power generation industries are predicted to boost the growth of the market. For instance, the starters designed for the oil and gas industry are designed to work in a harsh environment, feature no rubbing parts that stick or swell, and have an open-air path design that features large openings that prevent clogging of contamination into the system. However, the market is anticipated to be negatively impacted due to the high costs of the starters and the availability of substitute products in the market for the starters.

Global Air Starter Market: Segmentation Analysis

The Global Air Starter Market is Segmented on the basis of Type, End-Use, And Geography.

Air Starter Market, By Type

• Turbine Starter
• Vane Starter

Based on Type, the market is segmented into Turbine Starter and Vane Starter. The Turbine Starter segment accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. The factors attributed to the growth of the segment are robust construction, simple design, and wide applications in several industries such as power generation, marine, and aviation applications.

Air Starter Market, By End-Use

• Oil & Gas
• Aviation
• Marine
• Others

Based on End-Use, the market is segmented into Oil & Gas, Aviation, Marine, and Others. The oil and gas segment accounted for the largest market share in 2022 and is projected to grow lucratively during the forecast period. The factors driving the segment growth are the rising demand for oil among developing and developed nations worldwide and increasing investments in the oil and gas industry to meet the growing oil demand. Additionally, the growing oil exploration activities in countries such as Guyana and Ghana regions is expected to boost the growth of the market.

Air Starter Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

On the basis of Regional Analysis, The Global Air Starter Market is classified into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa. North America held the highest share of the market in 2022 and is projected to grow lucratively due to the growing oil and gas, marine, mining, and transportation industries. Additionally, the market is attributed to growing lucratively owing to the presence of key players such as Ingersoll Rand, TDI (Turbine Diesel Inc.), and ASCO Power Technologies.

Key Players

The “Global Air Starter Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Maradyne Corporation, Power Force Technologies Pte Ltd, Fokker, RS Group, Energotech AG., KH Equipment Pty Ltd., Hilliard Corporation, Universal Starter, Inc., Tech Development Inc. (TDI), GaliInternacional SA.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In June 2022, RS Group announced it had acquired Domnick hunter-RL for £10 million. The acquisition will help the company to expand its product portfolio.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Air Starter Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Air Starter Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research:

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

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