Air Compressor Market Introduction
Air compressor is a device that uses gas engine or electric motor to convert power into potential energy stored in compressed air. Air compressor with high power rating is preferred by oil & gas and power generation industries, however, small shops and housing societies are increasingly deploying low power rating (up to 100 KW). Growing technological advancements to enhance air compressing techniques is fueling market growth, thereby creating new opportunities for major manufacturers. For instance, integration of connected and smart technologies such as remote monitoring and predictive maintenance is are driving product enhancement and increasing uptake of smart air compressor across industry verticals.
Increasing demand for the energy-efficient air compressor is boosting the growth of the air compressor market across the globe. Also, growth in oil and gas industry and broadening application in emerging end-user verticals such as food & beverages and energy & utility sectors is anticipated to boost market growth over the forecast period. However, stringent government regulation and lack of standardization are likely to hinder the growth of the air compressor market worldwide to a certain extent.
The global air compressor market has been analyzed based on various segments such as by type, technology, lubrication type, power rating, and end user industry. Based on type the market has been classified into portable and stationary. The technology segment is further bifurcated into reciprocating air compressor, centrifugal air compressor, and rotary air compressor. By lubrication type, the global air compressor market has been segmented into oiled air compressor and oil-free air compressor. The power rating segment includes 1-100 kW, 101-300 kW, 301-500 kW, 501 kW & above. Major end user industries analyzed in the global air compressor market study are food & beverages, oil & gas, manufacturing, energy & utility, healthcare, residential sector, and other industries.
Prominent geographies covered in the global air compressor market are North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific and European regions are dominating the market in terms of both value and volume. Presence of end user industries and growing adoption of rotary and centrifugal air compressors in these regions are some of the factors driving the growth of the market.
Air Compressor Market Competitive Landscape
Key players to be profiled in the global air compressor market are Atlas Copco, Sulzer Ltd., Kobe steel, Ingersoll Rand Inc., Ebara Corp., Elgi Equipments Ltd., Mitsubishi Heavy Industries Ltd., Kirloskar Pneumatic Company Ltd., VMAC, and Sullair, LLC. These players are following the strategy of acquisition and mergers to enter emerging regional market and enhance customer base. Also, the introduction of technologically advanced and cost-effective air compressors has become an emerging trend in the global air compressor market. Also, manufacturers are motivated to deliver enhanced energy efficiency and greater performance to end-user industries in order to gain a competitive edge.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on air compressor market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.