Industry Insights
Global Air Compressor Market size is projected to be valued at $39.29
billion for 2023 and register CAGR of 3.61% during forecast timeline. Significant
demand across number of industries is predicted to be the main industry growth factor.
U.S. air compressor market size, by application, 2012 - 2023 (USD Million)
These equipments act as reliable
sources of energy for construction sector tools and industrial applications. Increasing
raw material costs are projected to directly affect air compressor industry
price trends.Key air compressor market trends
include rising acceptance of remote sensing technique to check performance,
save power and provide reliability. Increasing power efficacy measures are anticipated
to drive industry growth and display product growth initiatives.
Read full market research report “Air Compressor Market Size By Technology
(Screw/Rotary, Reciprocating, Centrifugal), By Product (Portable, Stationary),
By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food
& Beverage, Oil & Gas, Energy, Semiconductors & Electronics,
Manufacturing, Healthcare), Industry Analysis Report, Regional Outlook,
Application Potential, Price Trends, Competitive Market Share & Forecast,
2016 – 2023”, please click on the link below:
Technology Insights
Global industry is segmented into
various technologies like centrifugal technology, rotary technology and
reciprocating technology.Rotary Technology contributed greater
than 45.1% of the overall revenue production for 2015. While centrifugal technology
is predicted to register CAGR of more than 4.1% during forecast timeframe. Reciprocating air compressor
industry is projected to cross $8.1 billion by end of forecast timeline.
Product Insights
Global air compressor market is segmented
into various products like stationary air compressors and portable air
compressors.Portable air compressors segment contributed
greater than 40.1% of global industry share for 2015 and is predicted to
experience expansion in future. Favorable government policies on power
conservation and growing customer consciousness are projected to stimulate the
demand during forecast timeline. In addition to this, rising demand for
improved air quality is anticipated to promote the segment growth.
Lubrication Insights
Global air compressor industry is
segmented into various lubricants like oil filled lubricants and oil free
lubricants.Oil filled lubricants are
predicted to dominate the lubricant segment for a long time. Oil free air compressor market
share surpassed $10.1 billion for 2015. Reduced maintenance costs, retrofit demand,
variable speed device acceptance and retrofit demand are factors projected to
promote segment growth.
Application Insights
The industry is segmented into
varied applications like healthcare, home appliances, oil & gas, production,
food & beverage, energy and semiconductors & electronics. The production segment is
predicted to dominate air compressor market in future with more than 35.1% of
global industry share.
In food & beverage segment,
air compressors find applications in manufacturing processes like boxing &
packing items, cooling food items and pressurize transportation with pure air.
In oil & gas segment, these devices
ensure long membrane service life and prevent potential shutdowns as well as
expensive substitutions of nitrogen blankets needed in LNG tankers and transfer
stations. Further, they also encourage errorless functions of old devices and
avoids oil pollution that can harm responsive controls.
Regional Insights
Global air compressor market is
segmented into various geographical regions like North America, MEA, Europe,
APAC and Latin America.APAC air
compressor industry is expected to expand by more than 4.6% during forecast
timeframe.India and China are predicted to contribute substantially towards regional
industry share.Demand for air
compressors is predicted to remain moderate in Europe and North America during
forecast timeframe.
Competitive Insights
Key industry participants profiled
in the air compressor industry report include Bauer Group, Heynar, Cook Compression, General
Electric, Ingersoll Rand, MAT
Industries, Sullair Corporation, Chicago Pneumatic, Atlas Copco, Vanair, Hoerbiger, Gardner Denver, AireTex
Compressors, VMAC Company, Frank Technologies, Parker, BelAire Compressors, CPI, Galaxy Auto Service Equipment
Company Limited, Gast Manufacturing, Grainger Company, Hitachi Industrial
Equipment Systems Company Limited, Kaeser Compressors, Oasis Manufacturing, Rolair Systems and Zen Air Tech Private LimitedThese key players focus on
mergers & acquisitions and invest substantially in research &
development events to launch new products in global air compressor market.
Information Source: Global Market Insights, Inc
Cooper Freer Compressors supplies industrial air compressors for many businesses in Leicester, Derby, and Nottingham area. From installing new air compressor units to maintaining these systems and selling service parts, we are the specialists to turn to for compressed air solutions.
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