Portable Air Compressor Market Share Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2024

Selbyville, DE -- (SBWire) -- 02/11/2019 --This research report based on 'Portable Air Compressor market' put together by Market Study Report, LLC, includes latest and upcoming industry trends in addition to the global spectrum of the 'Portable Air Compressor market' that includes numerous regions. Likewise, the report also expands on intricate details pertaining to contributions by key players, demand and supply analysis as well as market share growth of the Portable Air Compressor industry.Portable Air Compressor Market will surpass USD 9 billion by 2024; according to a new research report.

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Portable air compressors can be wheel mounted as well as hand carried. Some of the key product features include extreme portability, lightweight, ventilation cooling system, heavy duty tank and assembly, convenient lifting handles, and compact design. Portable air compressor market is largely driven by these exclusive features, which in turn is resulting in the industry growth. These features also allow the machine to reach extremes in the mining, construction, and oil & drilling activities. Demand for portable air compressors will witness high growth in North America and Europe owing to the rising oil & gas exploration, construction, and infrastructural development activities.

One of the important problems faced by people across the world is that of the noise pollution. It affects both the health and behavior of a person. Loud and unwanted noise can damage mental health and can cause sleep disturbances, hearing loss, hypertension, tinnitus, high stress levels, and other harmful effects. The louder compressors are among the reciprocating types, which can emit noise of up to 85 decibels. The rotary screw compressors are generally quieter due to the sound?proof enclosures incorporated into the design and emits lesser noise. These factors may hinder the portable air compressor market demand in future years.

Portable air compressor market consists of three major segments namely, centrifugal, rotary and reciprocating. The rotary segment is further bifurcated into scroll, screw, root blower, vane, etc. Based on revenue, global reciprocating portable air compressor market will be valued over USD 2.5 billion in 2024 and will hold approximately one third of the industry volume share.

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On the basis of lubricant, the portable air compressor market has been segregated as oil free and oil injected. Quarrying, mining, oil & gas, and construction activities need heavy duty machines with high power which results in the usage of oil-injected air compressors on a large scale. Food & beverages, healthcare, and other such end-user industries need superior quality and minimal level of contaminated air which leads to the oil-free portable air compressor demand.

Considering applications, manufacturing segment holds the maximum share in the global portable air compressor market. The segment is said to comfortably surpass USD 4 billion by the end of 2024. Several federal law provisions intend to support manufacturing in the U.S. Increasing manufacturing activities in the U.S. coupled with governmental support will drive the portable air compressor market in the future.

End-user industries where portable air compressors find usage include healthcare, building & construction, manufacturing, food & beverages, semiconductors & electronics, oil & gas, and mining & quarrying. Other minor end-user industries include water treatment, entertainment, agriculture, etc. Mexico oil-filled portable air compressor market is said to surpass USD 250 million by 2024 owing to huge manufacturing of refrigerators in the country.

With a fragmented market there are a large number of domestic and international players present in the portable air compressor market. Some of the companies include Doosan Portable Power, Kaeser Kompressoren, Quincy Compressor, Belaire Compressors, Atlas Copco, Elgi Compressors, Gardner Denver, Vanair Manufacturing, Hubei Teweite Power, Ingersoll-Rand, Sullair, Sullivan-Palatek, and Rolair Systems to name some.

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Portable 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:

Portable Air Compressor Market, By Technology

o Rotary

Screw

Scroll

Others

o Reciprocating

o Centrifugal

Portable Air Compressor Market, By Lubrication

o Oil free

o Oil filled

Portable Air Compressor Market, By Application

o Building & construction

o Food & beverage

o Oil & gas

o Mining & quarrying

o Semiconductor & electronics

o Manufacturing

o Healthcare

o Others

The above information is provided on a regional and country basis for the following:

North America
U.S.
Europe
U.K.
Asia Pacific
China
Middle East and Africa

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Portable Air Compressor Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Portable Air Compressor Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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