Air Compressor Market – Overview
The growth in demand for home appliances, especially
in developing countries, is anticipated to boost the air compressor market.
Reports that measure the energy and power industry has been presented by Market
Research Future, which produces reports on industry verticals that evaluate the
Largest
Air Compressor Market expansion and potentials. A 7.5 % CAGR is
predicted to influence the air compressor market in the impending period.
The accelerated rate of industrialization in emerging
economies is expected to spur the demand for the air compressor market. The
need to attain a considerable decrease in maintenance expenses is anticipated
to guide the market for air compressors around the world in the forecast
period.
Segmental Analysis
The segmental review of the air compressor market has
been conducted on the basis of technology, end-use product, lubrication, and
region.
On the basis of the products, the market for air
compressors has been segmented into stationary and portable.
On the basis of the technology types, the market for
air compressors is segmented into reciprocating, rotary, and centrifugal.
On the basis of lubrication, the air compressor market
has been segmented into oil-free and oil-filled.
Based on the end-uses, the air compressor market has
been segmented into the food & beverage industry, semiconductors &
electronics industry, oil & gas industry, home appliances, energy industry,
manufacturing industry, and healthcare industry.
On the basis of regions, the air compressor market is
segmented into Europe, APAC, North America, and the rest of the world.
Regional Analysis
The regional evaluation of the air compressor market
covers regions such as Europe, APAC, North America and the rest of the world.
The air compressor market is projected to observe
outstanding growth in the forecast period. This is owing to the substantial
growth in the operation of air compressors in several end-use applications
through key industries. The growth is, principally, accredited to the mounting
need for compression of air & gas, which is expected to continue in the
forecast years. The Asia Pacific region is responsible for the principal share
of the air compressor market in 2016, in which Japan, China, India, and other
noticeable developing economies countries have contributed a key share.
However, the European region is likely to appear as one of the noticeable
markets for this technology owing to the placement of progressive air
compressor in the recently built home appliances.
Competitive Analysis
The strategic companies in the air compressor market
are Sullair, L.L.C. (U.S.), Gardner Denver (U.S.), Kaeser compressors SE
(Germany), Atlas Copco AB (Sweden), Ingersoll Rand (U.S.), Sullivan-Palatek,
Inc. (U.S.), Rolair Systems. (U.S.), Bauer Compressors, Inc. (U.S.), Doosan
Portable Power (U.S.), Elgi Equipments Ltd. (India), Emerson Electric Co.
(U.S.), and Hitachi Industrial Equipment Systems Co., Ltd. (Japan).
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