Air Compressor Market: 2021 COVID-19 Impact In-Depth Analysis & Global Forecast to 2023
Market
Highlights
Air compressors are used in numerous industrial and non-industrial
processes across the globe. It enables the supply and control of air and gas by
compressing the gas inside the cylinders with the help of a piston.
Air-compressors, along with check-valves, regulate the flow of gas according to
the requirements in different industrial processes.
Rapid growth in automobile industry, increasing adoption of energy
saving equipment for various operations, technological advancements in power
generations sectors, are the key factors expected to augment the air
compressors market growth, in the forecast period. Rising demand for efficient
air compressors resulting in improved industrial and non-industrial
infrastructure, are also to add to the market growth.
The market is marked by the presence of international and regional
vendors, especially based in Asia Pacific. International vendors are trying to
differentiate their products by developing and designing technologically
advanced compressors. The current research and development programs undertaken
by major players, will facilitate the launch of more efficient air compressors.
This will help mitigate the noise and air contamination concerns prevalent in
their traditional counterparts. Furthermore, the potential innovation in
technology would drive the higher uptake of air compressors in the construction
industry, especially across developing counties. This would enable enterprises
operating in the global air compressor market, rake higher profit in the
forthcoming years.
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The global air compressor market is expected to grow at ~ 7.5% CAGR
during the forecast period.
Market Research Analysis
Stationary by product, rotary by technology, oil
free by lubrication and home appliances by end-use, are expected to grow at the
highest CAGR.
Global air compressor market has been segmented based on product,
technology, lubrication, end-use and region. Based on product the market is
segmented into portable and stationary. Among these the stationary type, is
projected to dominate the air compressor market through 2023. Extensive use of
stationary machineries in end-use industries such as manufacturing, home
appliances, and automobile would enhance the air compressor market in the
future. Based on technology, the market is segmented into rotary, reciprocating
and centrifugal. Rotary dominated the market in 2016 and is projected to be the
fastest-growing technology segment for air compressor. Rotary air compressors are
highly efficient and are low on maintenance cost Based on lubrication, the
market is segmented into oil free and oil filled. Rising food safety and
security grades due to infections, hazards, and food contamination will drive
the oil free air compressor market demand in the forecast period. Based on
end-use, the market is segmented into home appliances, food & beverage
industry, oil & gas industry, energy industry, semiconductors &
electronics industry, manufacturing industry and healthcare industry. Considering
value, the home appliances segment holds a maximum share in the global air
compressor market, and will grow at an exponential rate in the coming years.
The product has the highest number of application in the air conditioners,
refrigerators and tire inflation. Increasing demand for home appliances in
developing countries will further boost the air compressor market.
Scope
of the Report
This study provides an overview of the global air
compressor market, tracking four market segments across four
geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume and share for North
America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report
also provides a forecast, focusing on the market opportunities for the next
five years for each region. The scope of the study segments the Air Compressor
market by its product, by technology, by lubrication, by end-use and by region.
By Type
- Portable
- Stationary
By Technology
- RotaryScrew
- Scroll
- Reciprocating
- Centrifugal
By Lubrication
- Oil Free
- Oil Filled
By End-use
- Home Appliances
- Food & Beverage Industry
- Oil & Gas Industry
- Energy Industry
- Semiconductors &
Electronics Industry
- Manufacturing Industry
- Healthcare Industry
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
Key
Players
The key players of global air compressor market are Atlas Copco AB
(Sweden), Sullair, L.L.C. (U.S.), Gardner Denver (U.S.), Kaeser compressors SE
(Germany), Ingersoll Rand (U.S.), Rolair Systems. (U.S.), Doosan Portable Power
(U.S.), Sullivan-Palatek, Inc. (U.S.), Elgi Equipments Ltd. (India), Bauer
Compressors, Inc. (U.S.), Emerson Electric Co. (U.S.), and Hitachi Industrial
Equipment Systems Co.,Ltd. (Japan).
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