The air compressor market will reach $ 22.27 billion by 2028;

Pune, India, January 11, 2022 (GLOBE NEWSWIRE) – The world Air Compressor Market the size was $ 15.46 billion in 2020. The market is expected to grow by $ 15.88 billion in 2021 to $ 22.27 billion in 2028 at a CAGR of 4.9% over the period 2021-2028. Fortune Business Insights ™ provided this information in its report titled, “Air Compressor Market, 2021-2028.”

According to our researchers, the substantial demand for the product in the energy and power, manufacturing, and oil and gas industries is expected to increase the rate of market development in various local markets. In addition, crucial market players are producing oil-filled rotary compressors, where the need for a robust compressor is essential.

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List of key players covered by this market report

  • ELGi Equipments Limited (Coimbatore, India)
  • Atlas Copco AB (Municipality of Nacka, Sweden)
  • Sulzer SA (Winterthur, Switzerland)
  • Hitachi Ltd. (Tokyo, Japan)
  • Ingersoll Rand (North Carolina, USA)
  • Campbell Hausfeld (Ohio, United States)
  • Mitsubishi Heavy Industries Ltd. (Tokyo, Japan)
  • Doosan Infracore Portable Power (North Carolina, USA)
  • Kirloskar Pneumatic Company Limited (Pune, India)
  • Elliott Group Ltd. (Pennsylvania, United States)
  • Siemens AG (Munich, Germany)
  • MAN Energy Solutions (Augsburg, Germany)
  • Bauer AG (Schrobenhausen, Germany)
  • EBARA CORPORATION (Tokyo, Japan)
  • Embraco LLC (Joinville, Brazil)
  • KAESER KOMPRESSOREN (Cobourg, Germany)
  • AREA COOLING SOLUTIONS SA (Barcelona, ​​Spain)
  • BITZER Group (Sindelfingen, Germany)
  • Indo Air (Gujrat, India)
  • Vortex compressor (Ankara, Turkey)
  • Yigitsan Compressor (Istanbul, Turkey)
  • ALMiG Kompressoren GmbH (Köngen, Germany)
  • Chicago Pneumatic Air Compressors (Chicago, USA)
  • Quincy Air Compressors (Alabama, USA)
  • BAC compressors (Tamil Nadu, India)

These players are also involved in the production of oil-free air compressors where a lightweight, economical and low maintenance cost compressor is required. This is therefore expected to strengthen the demand for these compressors throughout the forecast period 2021-2028.

SCOPE AND SEGMENTATION OF THE REPORT:

Cover of the report Details
Forecast period 2021 to 2028
Forecast period 2021 to 2028 CAGR 4.9%
Projection of the value 2028 $ 22.27 billion
Year of reference 2020
Market size in 2020 $ 15.46 billion
Historical data for 2017 to 2019
Number of pages 160
Covered segments Mode of operation, product type, lubrication, application and region
Growth drivers Modern system innovative manufacturing infrastructure to dictate market growth
Requirement of highly durable compressor for drilling procedures to drive market growth
Pitfalls and challenges High installation cost of modern compressors to hamper market growth

Click here to learn about the short and long term impact of COVID-19 on this market.

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COVID-19 will hamper prospects for new construction events

The COVID-19 pandemic has severely restricted the economies of established countries as well as emerging countries to a significant level. Strict lockdown procedures enforced by virtually all other governments have closed international borders, several restrictions on the import and export of goods have stunted the growth and operations of the market.

In addition, the turmoil of supply chain processes in the market has further plunged market achievements across the globe.

Cover of the report

The report offers an in-depth study of the Air Compressors market segments and an in-depth analysis of the market overview. An in-depth assessment of current market trends and future opportunities is offered in the report. Moreover, it presents a comprehensive analysis of regional information and how it contributes to the growth of the market. The impacts of COVID-19 have been discussed in the report to help investors and business owners better understand the possible threats present in the market. The report further examines the major players and their prominent strategies to remain in the dominant position.

Segmentation

Based on the mode of operation, the global market is divided into rotary, centrifugal and reciprocating. The rotary segment is expected to become the dominant segment in the global market.

Based on the type of product, the market is categorized into stationary and portable.

In terms of lubrication, the global market is divided into oil filled and oil-free.

Based on the application, the market is further divided into manufacturing, oil and gas, energy and electricity, electronics and semiconductor, healthcare, food and beverage, and others.

Geographically, the global market is categorized as North America, Europe, Asia Pacific, South America, Middle East and Africa.

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Conductors and constraints

Modern system advanced industrial infrastructure to support market growth

Manufacturers around the world are committed to improving technologically efficient, atomized, and technologically advanced manufacturing services. Producers use high-end compressors which can offer more power output and deliver more products to customers.

In addition, the presentation of high performance portable air compressors should be performed as a transportable device in industrial units. In addition, the application of oil-free and oil-filled compressors section according to the need of industry operations will also offer new growth prospects for the market. This is expected to drive the growth of the air compressors market during the mentioned period.

Regional perspectives

Asia-Pacific will hold the lion’s share

Asia-Pacific held the majority of the air compressor market share and is expected to grow significantly in the market during the mentioned period. The development of the market is mainly due to the increasing automation and atomization of production plants in the emerging countries of this region.

North America held the second largest market share. The growing trend to replace old compressors in production divisions and install contemporary products has increased sales of products incorporating revolutionary technology across North America.

In Europe, the application of European Union regulations regarding the operating capacity of compressors and the rapid development of tuning principles are fueling sales of new products in the market.

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Competitive landscape

Key companies focus on collaborations and joint ventures to gain maximum momentum

Global manufacturers and industrial producers operating in the market focus on developing various product collections incorporating innovative technologies and advanced products to attract customers from various industries to their services and products.

Industry development

January 2021: Sullair, which is a global compressor manufacturer, recently introduced the OFD1550 Tier 3 oil-free portable compressor in its product line.

Contents

  • introduction
    • Definition, by segment
    • Research methodology / approach
    • Types of data products
  • Summary
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19 on the air compressor market
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of the main players
    • Porter’s Five Forces Analysis
    • Global Air Compressor Market Share Analysis and Matrix, 2020
  • Key market insights and strategic recommendations
  • Key player profiles (would be provided for 10 players only)
  • 6.1. Overview
      • Key management
      • Headquarters etc
    • Offers / business segments
    • Key details (Key details are subject to data availability in the public domain and / or on chargeable databases)
      • Employee size
      • Past and current income
      • Geographic share
      • Share of business segment
    • Recent developments

COT continued….

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