Air Compressor Market Analysis:
Air Compressor Market is projected to be worth USD 54.70 billion by 2030, registering a CAGR of 3.9% during the forecast period.
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
Global Air Compressor Market – Competitive Analysis
Highly competitive, the air compressor market appears fragmented, with many key players forming a competitive landscape. Making more intelligent appliances requires a level of hardware and software technology innovation and adoption. Industry players incorporate acquisition, partnership, collaboration, expansion, and product technology launch to gain a substantial market share.
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The air compressor market is growing at a rapid pace. Factors such as vast advances in technologies and substantial RD investments drive the air compressor market growth. Besides, the wide availability of advanced air compression equipments and rapid economic growth worldwide act as major tailwinds for the market. However, rapid industrialization in emerging economies is the primary driving force behind the market rise.
Additionally, the advents of energy-efficient models of air compressors, which are also available in portable designs, provide vast impetus to the air compressor market industry. The recent technology upgrades that promise a substantial reduction in maintenance costs boost the air compressor market value. Conversely, noisy operations of conventional oil-free compressors and lubrication concerns in oiled air compressors are major factors impeding the market growth.
Global Air Compressor Market – Segmentation
The MRFR analysis is segmented into products, technologies, lubrication, end-uses, and regions. The product segment is sub-segmented into portable and stationary. The technology segment is sub-segmented into rotary, reciprocating, and centrifugal. The lubrication segment is sub-segmented into oil-free and oil-filled.
The end-use segment is sub-segmented into industries, such as automobile, manufacturing, home appliances, food beverage, oil gas, energy, semiconductors electronics, and the healthcare industry. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Air Compressor Market – Geographical Analysis
Asia Pacific region dominates the global air compressor market. Factors such as the sizable growth in the utilization of air compressors and spurring rise in numerous end-use industries are major driving forces. Besides, the growing necessity of air gas compression in many end-use applications boosts the air compressor market size. Advancements in air compressor systems and the vast availability of quality air compressors in the region foster the region’s air compressor market shares.
Industry/ Innovation/ Related News
Sep 30, 2021 – ELGi Compressors (Europe), a subsidiary of ELGi Equipments Limited, a leading global air compressor manufacturer, announced a turnkey solution. ELGi, together with its authorized channel partner, Compressors and Pipework Systems (CAPS), replaced the existing compressed air system resulting in improved operational efficiency and reduced site air pressure energy consumption.
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Major Players:
Players leading the air compressor market are Sullair, LLC (US), Atlas Copco AB (Sweden), Gardner Denver (US), Ingersoll Rand (US), Kaeser compressors SE (Germany), Rolair Systems. (US), Sullivan-Palatek, Inc. (US), Doosan Portable Power (US), ELGi Equipments Ltd. (India), Emerson Electric Co. (US), Bauer Compressors, Inc. (US), and Hitachi Industrial Equipment Systems Co., Ltd. (Japan), among others.
