Air Compressors Market is valued around USD 21.55 Billionin 2019 and expected to reach USD 32.06 Billion by 2030 with the CAGR of 3.6%over the forecast period.
Air compressors are usedfor the generation of kinetic energy which is used as power supply for other equipment’s.The kinetic energy is stored in the form of compressed air by the means ofpositive & negative displacement. Air compressors have wide application indifferent industries to further enhance the productivity. It also simplifiedthe transportation of fluids and gases over a large distance.
Global Air Compressors Marketreport is segmented on the basis of type, lubrication, power rating,technology, end user and by regional. Based upon type, the air compressorsmarket is fragmented into portable and stationary. On the basis of lubrication,the market is categorized into oiled and oil free. Based on technology, themarket is fragmented into reciprocating, rotary, and centrifugal. On the basisof power rating, the market is categorized into 0-100 kW,101-300 kW, 301-500 kW, and 501 kW & above. Onthe basis of end user, the market is divided into food & beverage, oil& gas, manufacturing, medical, power generation, and others. The regionalbifurcation of countries includes North America, Europe, Asia-Pacific, and RoWwhich are further segmented into major countries such as U.S., UK, France, andothers.
The air compressors marketis mainly driven by the constant expansion of application from different endusers. There has been growth in the adoption of air compressors owing to theimproved production & efficiency along with technological advancement. Inaddition to the rapid industrialization & urbanization in the developingregion owing to the large population base along with easy availability of rawmaterials in near future. Moreover, surge in disposable income led to theamplified use of home appliances are likely to fuel the market growth. However,high cost of installation followed by emission of greenhouse gas with high soundled to noise pollution which hampers the market growth in near future.
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The developed regions suchas North America and Europe are expected to hold the major market share owingto the presence advanced technology along with surge in the adoption of aircompressors as well growth in the adoption of home appliances. Asia Pacific isexpected to dominate the air compressors market in terms of growth rate owingto the growth in industrialization & urbanization with amplified demand ofproductivity from large population base. In addition, constant expansion ofapplication in different industries supported by the presence of developing economiesas well as low labor cost in the region.
The major market playersprofiled in the air compressors market includes AireTex Compressor, Bauer Group, Atlas Copco, BelAire Compressors, Cook Compression, FrankCompressors, Compressor Products International (CPI), Galaxy Auto ServiceEquipment Co. Ltd., Gast Manufacturing, Inc., Ingersoll Rand Plc, GENERALELECTRIC, MAT Industries, LLC, Kaeser Compressors and Sullair LLC among others.
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