“Air Compressor Market“ by Type (Portable and Stationary), by Technology (Reciprocating and Rotary Centrifugal), by Lubrication Method (Oiled and Oil-free), by Power Rating (0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & above), By End-User Industry (Food & Beverage, Oil & Gas Manufacturing, and Medical and Power Generations) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Air Compressor Market was valued at US$ 30.97 Bn in 2018 and is expected to reach US$ 42.1 Bn by 2026, at a CAGR of 3.91% during a forecast period.
Air compressor demand is driven by high pressure activities such as mining, oil extraction, and drilling across the globe. Major driving factor of the global air compressor market is increasing industrialization across the globe. Growing technological advancement and increasing investments in R&D across globally is also boosting the market growth. Various applications of the air compressors in end-use industry is driving the market growth in positive way. The rising popularity of air compressor among the end use industry owing to air compressor play an important role to provide accurate process control, top reliability, and excellent efficiency this factor is propelling the air compressor market growth across globally. Growing demand for the reciprocating air compressor is surging the air compressor market growth across the globe.
The portable type air compressor segment is leading the air compressor market.
The portable type air compressor is expected to hold the largest share in the market during the forecast period. Rising usage of portable machinery in various end-use industries is expected to drive the air compressor market growth across the globe. Stationary type air compressors are also projected to generate the highest CAGR during the forecast period owing to growing usage of stationary types of machinery in the automotive sector.
Reciprocating technology segment is leading the air compressor market.
Reciprocating technology is estimated to surge the market growth in the near feature as it has a simple construction. It has features such as low maintenance cost and high efficiency is also expected to boost market growth across the globe.
The oil-free compressor segment is leading the air compressor market.
Rising demand in food & beverage industry for food packaging and processing activities is expected to propel the market growth. The oil-free compressor is projected to drive the market growth in the forecast period owing to rising need to improve standards in the food & beverage industry regarding infection and hazards.
The Asia Pacific is the leading regional market for air compressor market.
According to the World Bank’s data more than 40% of the GDP in Asia Pacific region is contributed by manufacturing and industrial activity is expected to boost the market growth in this region. Rising demand for air compressor in end-use industry such as oil & gas, food & beverage, power generation, and healthcare sectors is also expected to drive the market growth in positive way. Production activities are rising in developing countries of this region such as India and China is expected to drive the air compressor market growth. Moreover, increasing economies and growing development of infrastructure are other driving factors of the air compressor market in the Asia Pacific region. Also, North America has a huge investment in the automotive sector is driving the air compressor market growth. Growing technological advancements is estimated to fuel the market growth in this region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Ebara Corporations, Porter Cable, VMAC Global Technology Inc., Atlas Copco AB, Kobe Steel Ltd., Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd., Suzler Ltd., Campbell Hausfled, Doosan Infracore Portable Power, Bauer Group, and BelAire.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the air compressor market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the air compressor market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain air compressor market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Global Air Compressor Market”.
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