Air Compressor Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- The growth of Air Compressor market is primarily driven by increasing necessity to achieve greater productivity and energy efficient equipment in industrial verticals.
Air Compressor Market is valued at USD 17.88 Billion in 2018 and expected to reach USD 22.35 Billion by 2025 with the CAGR of 3.24% over the forecast period.
An air compressor is equipment that converts power by using different components to provide required energy to various equipment’s which is stored in compressed air. It is a machine that works by using an electric motor to give a power in the devices from the atmosphere. Air compressor drives in two phases which are: compression operation and the release operation. It has multiple uses for leisure and maintenance at home or in small to medium size businesses to get work done effectively. Air compressors are found in a wide range of environments for an even wider range of uses.
Air Compressor Market report is segmented on the basis type, technology, lubrication method, power rating, end-user industry and region & country level. Based upon type, air compressor market is segmented into portable and stationary. On the basis technology, market is classified into reciprocating, rotary screw and rotary centrifugal. Based on lubrication method, market is segmented into oiled and oil-free. On the basis of power rating, air compressor market is segmented into 0-100 kW, 101-300 kW, 301-500 kW and 501 kW & above. On the basis end-user industry, market is classified into food & beverage, oil & gas, manufacturing, medical, power generation and others.
The regions covered in this air compressor market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Air Compressor market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Air Compressor Market Report–
Some major key players for Air Compressor market Kobe Steel Ltd, Atlas Copco AB, Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd, Suzler Ltd, Ebara Corporations, Porter Cable, VMAC Global Technology Inc, Campbell Hausfled, Doosan Infracore Portable Power and others.
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Increasing Demand for High Productivity and Energy Efficient Products in the Industrial Vertical is Driving the Air Compressor Market Growth.
Increasing competition among manufacturers and more aggressive sustainability goals are causing high burden on plant managers to reduce costs, while achieving greater productivity and energy efficiency leads to drive the demand for air compressors. Thereby, manufacturers have shifted towards more smoothly running technology. Additionally, near about 69% of all manufacturers use compressed air system, for use with machine tools, material handling, as well as separation equipment. However, high cost of installation for equipment’s and strict government rules regarding greenhouse gas emissions causing air pollution is likely to obstruct growth of the market. Next generation hybrid air technology complements the environmental safety without using electricity can offer profitable opportunities to industrial verticals.
Asia Pacific is the Fastest Growing Region in the Global Air Compressor Market.
The Air Compressor market is segmented into North America, Europe, Asia-Pacific and Rest of the World (ROW). Asia Pacific is fastest growing region owing to wide presence of different industries and new innovative product activities in this region. North America is the expected to show a significant growth in air compressor market. The U.S. Department of Energy has recommended that around 50 % of compressed air systems at industrial applications have immense opportunities for low cost energy conservation. Middle East and Africa are expeceted to gain the smallest market share due to lack of awareness of advanced technologies in this region.
Key Benefits for Air Compressor Market Reports –
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Global Air Compressor Market Segmentation:–
Reciprocating, Rotary screw, Rotary centrifugal electrolyte
By Lubrication Method:
By Power Rating:
0-100 kW, 101-300 kW, 301-500 kW, 501 kW & above
Food & Beverage, Oil & Gas, Medical
North America (US., Canada), Europe (UK., France, Germany, Italy), Asia Pacific (China, Japan, India, Southeast Asia), Latin America (Brazil, Mexico), Middle East and Africa (GCC, Africa, Rest of Middle East and Africa)
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