Air Starter Market Expected to Exceed $455 Million by 2030, MarkWide Research Reports
According to a new report published by MarkWide Research, titled, “Air Starter Market,” the global market for air starters is expected to exceed $455 million by 2030, displaying a robust CAGR of 6.5% during the forecast period from 2023 to 2030.
Air starters are essential components in various industries, providing reliable engine starting solutions in challenging environments. The market’s growth is driven by the increasing demand for heavy-duty equipment, the need for efficient and safe engine starting systems, and technological advancements in air starter technology.
Key findings from the report:
- Industrial Applications: Air starters are widely used in industries such as mining, marine, and oil and gas for reliable engine ignition.
- Safety and Reliability: Air starters offer enhanced safety and reliability compared to traditional electric starters.
- Technological Advancements: Innovations in air starter design and materials improve performance and durability.
- Market Competitors: Leading players in the air starter market include Ingersoll Rand Inc., TDI TurboTwin, and KH Equipment Pty Ltd., who continually innovate to meet evolving industry demands.
The report predicts substantial growth in the global air starter market as heavy-duty machinery and equipment become increasingly prevalent across industries. MarkWide Research’s comprehensive analysis provides insights into the market’s current landscape and future trends, empowering industry stakeholders to make informed decisions and capitalize on opportunities in the air starter market.
MarkWide Research is a leading market research and consulting firm, providing in-depth analysis and strategic insights across various industries. With a team of experienced analysts, MarkWide Research is committed to delivering actionable intelligence, assisting clients in making informed business decisions and achieving sustainable growth.