Global Air Compressor Market Size was valued nearly USD 30 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.46% during the forecast period that is 2017-2025. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.  

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Air compressors facilitate the supply and flow of air and gas through compressing the gas present in the cylinders with the piston. The air compressor market is anticipated to grow over a noticeable CAGR over the forecast period owing to rise in environmental concerns to adopt energy-saving equipment for numerous operations coupled with the growing advancements in the air compressors. For instance, Atlas Copco manufactures an advanced version of air compressor GA 7-75 VSD+ air compressor which reduces the energy consumption by up to 50% to its traditional fixed speed installation counterparts.  

Market Analysis 

The advancement in the air compressors in the global air compressor market is an underlying driver, at present. Eco-friendly air compressors are being manufactured for numerous applications in the market to reduce energy consumption coupled with the reduction in the release of carbon dioxide in the air. For instance, an Australian based company, Atlas Copco, offers new energy efficient air compressor which reduces the consumption of energy up to 35%, saves heating cost and megawatt hours, reduce up to 72% of electrical energy consumption for heating purposes. Other players manufacturing economical and reliable air compressors includes Advanced air compressors, Quincy air compressors, and Hitachi among others.

Segment Analysis

Product Insights: On the basis of product type, the air compressor market is segmented into portable and stationary, out of which portable product type is anticipated to grow significantly, largely owing to the rising demand of portable air compressor owing to its reliability, longevity in performance., energy efficient, requires low maintenance cost, create low noise and is less expensive, comparatively. Companies such as El Gi, Tewatt, Necair compressor, Quincy Compressor among others are into manufacturing of portable air compressors.

Technology Insights: Reciprocating technology is anticipated to be one of the largest growing segments, followed by centrifugal and rotary over the forecast period. Manufacturing of reciprocating technology is simpler than other technologies and are also available oil free. However, rotary technology is mainly preferred for industries which require higher power consumption such as oil & gas, energy, and manufacturing. Other positive factors of rotary technology are it produces low noise and vibration which would nudge its growth in the global air compressor market.

Lubricant Insights: Portable oil-free compressors are anticipated to have significant growth over the projected period, primarily owing to its higher accuracy levels, guaranteed air quality along with the rising awareness about the environmental issues. Therefore, reversing the use from oil to oil-free lubricants to reduce the utilization of non-renewable resources. Moreover, its easy installation compared to oil filled air compressors will further act as an add-on advantage for the air compressor market to grow over the projected period.

End-use Industry: Air compressor market for electronics segment is anticipated to hold the prime share in the global market, majorly attributed to rising demand for the refrigerators and air conditioners. According to the Japan Refrigeration and Air Conditioning Industry Association (JRAIA), in 2017 the demand for refrigerators estimated at be110.56 million units across the globe. Therefore, the increase in demand numbers would result in the demand growth of the air compressor in the global market.

Regional Outlook

The global air compressor market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia Pacific air compressor market is expected to grow substantially over the forecast period, largely owing to rising shifts of mainly oil & gas companies towards emerging economies such as China and India due to rising industrialization in this region coupled with rising eco-friendly electronics such as air conditioners and refrigerators which consumes less energy thereby propelling the demand in the global market the air compressor market. For instance, Hitachi in India offers high energy efficient air conditioner named Kaze Plus Eco, featuring auto fan speed, auto restart, and eco-friendly refrigerant.

Global Air Compressor Market Size, Share Analysis By Region 2017

North America air compressor market is anticipated to have significant growth owing to the established automobile market in the region According to American Automotive Policy Council, in 2016, North America automobile production surpassed 12.2 million cars and trucks, thereby resulting in the increased production for air compressors in the global market. Air compressors in automobiles are widely utilized in the shell constructions coupled with the paint spraying.to keep moisture level low.

Competitive Landscape

Leading companies operating in the global air compressor market include Porter Cable, Atlas Copco Ab, Elgi Equipment Limited, Mitsubishi Heavy Industries Ltd., VMAC Global Technology Inc., Suzler Ltd., Doosan Infrcore Portable Power, and several others. Numerous key strategies such as product launch and development, funding, mergers & acquisition, partnership & collaborations among others are adopted by the companies to hold their position in the market. for instance, on 12^th March 2018, Mitsubishi Heavy Industries Air Conditioning Europe, Ltd., announced its collaboration with Berjer Ref AB, a U.K. based company, to increase their sale of the air conditioner and heat pumps products in the U.K. and Ireland.

Global Air Compressor Market Study Report Offer You!

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