U.S. Market for Pumps and Sprayers Continues Healthy Growth Trend
January 22, 2007 (PRLEAP.COM) Business News
New York, January 22, 2007 — A steadily increasing U.S. GDP, a strong commercial construction market, and increased demand from major end-use industries are having an increasingly positive effect on the U.S. market for compressors, vacuum pumps, and industrial spraying equipment. The U.S. supply value of air and gas compressors combined with vacuum pumps is expected to rise from $3.7 billion in 2006 to $4.4 billion in 2010, according to Compressors and Vacuum Pumps and Industrial Spraying Equipment in the U.S., a new report from market research publisher SBI, a division of MarketResearch.com. Similarly, the value of the industrial spraying equipment market is projected to increase at a CAGR of nearly 12% from $1.5 billion in 2006 to $2.3 billion in 2010.The escalating U.S. GDP resulted in gains in capital expenditure spending in several end-user industries for the 2004-2005 period leading to an increase in shipment values. Stationary compressors, for example, used in a variety of manufacturing industries, experienced double digit growth from 2004 to 2005, while portable compressors grew in value based on the booming construction industry. At the same time, dynamic growth in industries such as metal coatings and aerospace has significantly increased the demand for industrial spraying equipment.
“Manufacturers have done an excellent job meeting the end-use demands of the market by introducing new high-efficiency products such as Variable Speed Drive (VSD) compressors and light-weight high-volume, low pressure (HVLP) and air-assisted (AA) spray guns,” notes Tatjana Meerman, Managing Editor of SBI. “Other strategies, such as an increase in the number of acquisitions taking place and the increasing use of information technology in products to save energy, monitor processes, and control systems, are keeping these industries in a positive growth trend.”
Containing comprehensive data on U.S. shipments, imports and exports, end-use markets, purchaser demographics, and the competitive environment, Compressors and Vacuum Pumps and Industrial Spraying Equipment in the U.S. identifies key issues, regulations and trends affecting each market, and profiles major marketers along with manufacturer and retailer strategies. Priced at $3,500, this report is available from SBI by clicking: http://www.sbireports.com/Compressors-Vacuum-Pumps-1209595. It is also available at MarketResearch.com.
About SBI
SBI, a division of MarketResearch.com, publishes research reports in the industrial, construction, materials, and house & home markets. For information visit http://www.sbireports.com, or contact Tom Ehart at 240-747-3014, or tehart@marketresearch.com.