Improving technology trends and facilities enabling high quality developments of recent air compressors, which reduce the maintenance costs, are well received by numerous buyers from different industries.
Air compressor market has been witnessing healthy growth rate in the recent years. There is a high demand for the same due to increasing applications and the low maintenance it owns.
An air compressor can be defined as a device which converts power (using an electric motor, diesel or gasoline engine,.) into potential energy stored in pressurized air. Globally, the demand for air compressors is driven by increasing applications and low maintenance and multiple options for fuel for operating are the major factors which are expected to be key growth drivers during the period of study.
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Emergence of next-generation compressed air systems with low-maintenance and eco-friendly features is foreseen to encourage the end-users to shift from traditional equipment to modern technology. There is an increasing demand for oil-free systems, which come with increased capacity.
They can offer higher accuracy and efficiency along with easy installation and maintenance.
Application/End User Overview:
Air compressors are widely utilized in both industrial as well as non industrial activities. They basically supply and monitor air/gas for various applications.
They aid in facilitating the gas transfer system across various industry segments like automobiles, food & beverages, air blast circuits, chemical plants, pharmaceuticals, oil extraction, transport and many more. Construction Activities are expected to drive the sales and revenue of the industry owing to the expected rise in adoption of air compressors in this industry.
While increasing numbers of technologies are growing into energy efficient models, air compressors are also being produced with a motive of saving energy and reducing unnecessary loss of resources. The advents of energy efficient air compressors, which are available in portable models, are being highly adopted in many end user activities.
While the market also holds a restraint factor- the air contamination due to oil lubrication in oiled air compressors and noisy operations of oil-free compressors might hinder the market growth to a small extent in the coming few years. On the other hand, the market is lucky enough to receive a good amount of support from global key vendors who are investing increased efforts to develop efficient air compressors which will decrease air pollution and also noise creation.
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IndustryARC experts suggested the heavy growth domination by APAC over the global market owing to high acceptance of the air compressors. APAC hosts huge utilization of air compressors in various industries.
These quality applications in distinct end users add leverage to this region. North America is accounted to be the second in the leading geographies with developing adoption rate in this region.
Third stands Europe.
About the future growth trends, APAC is pegged to show the fastest growth rate owing to rapidly developing industrial infrastructure, increasing number of end-use industry players in the region especially in developing nations such as China and India in this region.
IndustryARC’s report on Air Compressor Market includes in-depth analysis of the global scenario with the following classifications based on:
- By Type: Portable and Stationary
- By Technology: Reciprocating, Rotary and Centrifugal
- By Lubrication Type: Oil Lubricated and Oil Free
- By Application: Energy, Oil and Gas, Manufacturing, Healthcare, F&B and Others
- By Geography: Europe, APAC, North America and Rest of the World
Numerous companies are adopting product launch, acquisition and expansion as key strategies to excel in the market. Rotary air compressors are gaining increased attention from key market players.
Several leading players such as Atlas Copco, Ingersoll Rand, Sulzer Ltd., Mitsubishi Heavy Industries and Sullair are launching rotary air compressors with new features. Out of more than 40 industry players of the Air Compressor Market considered for deep analysis in this research report, few are:
- Ebara Corp.
- Elgi Equipment Ltd.
- Kobe Steel
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