Sellbyville, DE -- (SBWire) -- 05/10/2019 --Global Market Insights recently introduced new report on global Air Compressor market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Air Compressor industry considering all the major industry trends, market dynamics and competitive scenario.
Rapid industrial development in the Asia Pacific region will be the key growth enabler for the air compressor market. This growth can be attributed to the increasing usage of compressed air in various end-use industries. Countries including China, India, Japan, Indonesia, South Korea, etc., have witnessed a high industrial growth in the last two decades.
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North America and Europe based companies are shifting their production bases to these countries for lower labor costs, easy availability of raw materials, and proximity to high potential markets. Increasing oil & gas exploration in North America and the Middle East will also fuel the demand for compressed air as it is extensively employed for drilling. These factors will significantly influence the air compressor market growth over the forecast time frame.
High degree of industrialization and construction activities in Asia Pacific countries will boost the regional air compressor demand over the forecast period. The region is also dominated by a large number of small and medium scale compressor manufacturers, especially in China. Availability of the machines at significantly lower rental/usage costs along with a high demand for compressed air across various end-user industries will positively influence the market.
Air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Air Compressor Market by Product:
- Portable
- Stationary
Air Compressor Market by Technology:
- Rotary
- Screw
- Scroll
- Others
- Reciprocating
- Centrifugal
Air Compressor Market by Lubrication:
- Oil free
- Oil filled
Air Compressor Market by Application:
- Home appliances
- Food & beverages
- Oil & gas
- Energy
- Semiconductor & electronics
- Manufacturing
- Healthcare
- Medical
- Dental
- Others
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In terms of volume, the rotary air compressor segment will show more than 3% CAGR from 2018 to 2024. The product is gaining popularity over reciprocating types owing to various properties including higher efficiency, lesser wear and tear, and easier maintenance.
Healthcare, food & beverage, and electronics industries majorly rely on oil free compressors due to stringent contamination parameters. The segment will show the substantial growth with more than 3.5% CAGR in coming years. The presence of oil in the compressed air in these application areas may have severe repercussions such as health hazards, equipment damage, and other occupational hazards.
Manufacturing sector will be the most important application sector for portable air compressor market as they can be easily carried to different plant locations to supply compressed air. Compressed air is used for various activities in this sector, including supplying plant air for paint spraying, coating, and sand blasting, process and instrument air for operating pneumatic machines and equipment, as well as providing breathing air to operators, etc.
The Air Compressor market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Air Compressor market based on product, technology, end user and region.
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The key players in the market are:
- Atlas Copco
- Vanair
- VMAC Company
- Hitachi Industrial Equipment Systems
- Belaire Compressors
- Sullivan-Palatek
- AireTex Compressors
- Ciasons Industrial
- Zen Air
- Ingersoll-Rand
- Quincy Compressor
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Air Compressor Market 2019 - 2024 Segmentation by Product, Technology, Lubrication and Application : Key Players: Atlas Copco, Vanair, VMAC Company, Quincy Compressor
Rapid industrial development in the Asia Pacific region will be the key growth enabler for the air compressor market.