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.
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).
Industry
Segmentation
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 applications
in the air conditioners, refrigerators and tire inflation. Increasing demand
for home appliances in developing countries will further boost the air
compressor market.
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