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. Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19
on Air Compressors Market is
included in the present report.
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
application 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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