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The air starter market size is forecast to increase by USD 42.8 million, at a CAGR of 3.27% between 2023 and 2028. The market is witnessing significant growth due to several key trends and drivers. The increase in oil and gas exploration and production (E&P) activities and rising investments in the shale industry are major growth factors. The shipping industry's reliance on heavy machinery that requires air starters for efficient operation also contributes to market growth. Additionally, the high failure rate of air turbine components necessitates the retrofitting of existing machinery with more reliable and cost-effective air starters. Safety concerns and the need for cost-effectiveness are critical factors influencing market development. Air starters offer improved safety features, such as automatic shut-off mechanisms and explosion-proof designs, making them an essential component in various industries. Furthermore, the cost-effectiveness of air starters, compared to traditional methods, is a significant advantage, driving market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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