The global air compressor market size is expected to reach USD 40.43
billion by 2025 registering a CAGR of 3.8% from 2019 to 2025, according to a
new study by Grand View Research, Inc. Air compressors find applications in
various industries, such as manufacturing, semiconductors & electronics,
home appliances, healthcare, oil & gas, food & beverages, and energy.
Rising need for reducing CO2 emissions
and stringent environment conservation regulations are expected to boost the
market growth over the forecast period. Increasing demand for monitoring of
compressed air installation services is further contributing to the revenue
growth. Moreover, reliability, eco-friendly features, low maintenance costs,
and ease of handling offered by the product are boosting its demand.
In addition, need for improved air quality,
growing consumer awareness regarding product quality, and supportive government
policies on energy conservation are expected to drive the market. Furthermore,
growing usage of air compressors in the food & beverage industry due to the
mandates on food safety will favorably impact the overall market over the
forecast period. Rapid industrialization in developing economies, such as
China, India, and other South Asian countries, is a major factor driving the
market in Asia Pacific region. Need for efficient and advanced compressors has
fueled the product demand across different manufacturing industries in the
region. In addition, rising need for after-sales services is expected to offer
growth opportunities for key companies in the market.
Access Research Report of Air Compressor Market@ https://www.grandviewresearch.com/industry-analysis/air-compressor-market
Further key findings from the study suggest:
· The stationary type segment is expected to
lead the global air compressor market while portable is projected to be the
fastest-growing segment from 2019 to 2025
· The rotary/screw product segment is
anticipated to account for the largest market share of 46.71% by 2025. These
compressors offer constant air flow at varying discharge pressures and operate
via positive displacement. Longer product lifecycles and easy maintenance are
expected to boost their demand further
· Key companies in this market include AireTex
Compressor; Atlas Copco; Bauer Group; Cook Compression; BelAire Compressors;
Compressor Products International (CPI); Frank Compressors; Gast Manufacturing,
Inc.; Galaxy Auto Service Equipment Co. Ltd.; GENERAL ELECTRIC; Ingersoll Rand
Plc; Kaeser Compressors; MAT Industries, LLC; and Sullair LLC
· Manufacturers are offering air compression
technologies along with air and gas treatment equipment to provide niche
solutions for various applications
· Oil-filled compressors are likely to lead
the market over the forecast years due to their extensive adoption in
commercial applications, such as in manufacturing, energy, and chemical
industries
Grand View Research has segmented the
global air compressor market on the basis of type, product, lubrication,
application, and region:
Air Compressor Type Outlook (Revenue,
USD Million, 2015 - 2025)
·
Portable
·
Stationary
Air Compressor Product Outlook
(Revenue, USD Million, 2015 - 2025)
·
Reciprocating/Piston
·
Rotary/Screw
·
Centrifugal
Air Compressor Lubrication Outlook
(Revenue, USD Million, 2015 - 2025)
·
Oil-filled
·
Oil-free
Air Compressor Application Outlook
(Revenue, USD Million, 2015 - 2025)
·
Manufacturing
·
Semiconductors & Electronics
·
Food & Beverage
·
Healthcare/Medical
·
Home Appliances
·
Energy
·
Oil & Gas
·
Others
Air Compressor Regional Outlook
(Revenue, USD Million, 2015 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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