Global air compressor market has witnessed
gradual growth in recent years, and is expected to witness phenomenal growth in
the forecast period. An air compressor is a device that converts power
generated through electric motor, diesel or gasoline engine into potential
energy and stores in a form of pressurized air, i.e., compressed air. This
conversion is achieved by compressing the air present within, which is released
on quick bursts. Some of the most commonly used methods of air compressor are
negative displacement, and positive displacement technologies.
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Segmentation:
The air compressor market can be segmented
by product, technology, lubrication, and end-user.
Product-wise segmentation comprises
portable and stationary. The stationary type segment is expected to dominate
the market as it is experiencing a growing demand from various industries and
non-industrial sectors
Based on technology the market is
segmented into rotary, reciprocating, and centrifugal. Rotary is estimated to
dominate the market as it incurs low maintenance cost and is highly efficient.
Centrifugal can also fetch in heavy demand in the coming years.
Lubrication-based segmentation includes
oil free and oil filled. Rising awareness regarding various contamination is
anticipated to trigger the sale of oil-free air compressors.On the basis of
end-user, the market can be segmented into home appliances, food & beverage
industry, oil & gas industry, energy industry, semiconductors &
electronics industry, manufacturing industry and the healthcare industry.
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Regional
Segmentation:
Region-wise segmentation includes North
America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
APAC accounts for a significant share of
the market and is expected to experience the fastest growth rate owing to the
upsurge in urbanization and escalation in industries across sectors. China,
Japan, and India are upcoming economies that are bolstering the growth of this
segment.
In North America, the increasing number of
industrial infrastructure projects, and investment made across sectors such as
process and oil & gas industries can trigger the market growth.
Europe follows the lead of APAC closely with
a robust industrial sector that generates the demand for air compressors.
Market
Competitors:
Various international and regional players
have taken over the market and are implementing new technologies to stay ahead
of each other. However, major strategists are mostly focusing on mergers and
acquisitions for market expansion. Recently, Ohio Transmission Corporation has
acquired Louisiana compressed air company which can be taken as exemplary.
Several companies are now influencing the
market. The significant ones are Sullair, L.L.C. (U.S.), Atlas Copco AB
(Sweden), Doosan Portable Power (U.S.), Gardner Denver (U.S.), Ingersoll Rand
(U.S.), Rolair Systems. (U.S.), Kaeser Compressors SE (Germany), and
others.
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