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Abstract, Snapshot, Market Analysis & Market Definition: Global Air Compressor Market The global air compressor market size was valued at USD 31.26 billion in 2018 and is projected to expand further at a CAGR of 3.8% from 2019 to 2025. High demand from the food & beverage market, mainly due to strict regulations on health and food safety, is anticipated to drive the market. Heavy investments in oil & gas exploration activities in the Middle Eastern and North American countries are also expected to have a positive impact on the market growth. Low maintenance, effective operation at lower costs, retrofitting of existing systems, and growing adoption of variable-speed systems are other factors propelling the product demand across key end-use industries. Energy-efficient compressors are witnessing high demand owing to their cost-effective operations. For example, the governments of various economies have introduced stringent norms for gaseous emissions, which has eventually increased the demand for energy-efficient equipment. Manufacturers are developing eco-friendly and low-maintenance systems to encourage end users to opt for next-generation products. Companies, such as Atlas Copco and Ingersoll Rand, Inc. have been developing next-generation systems with high-performance capabilities to differentiate their products in a highly competitive market. Some of the features offered by these products include reduced noise levels and increased efficiency. For instance, in Feb 2019, Allmand Bros., Inc., a manufacturer of high-performance portable job site equipment, launched portable air compressors and mobile generators at the ARA Show in California. These products have helped company in expanding its portfolio of reliable and heavy-duty job site equipment. Clean compressed air is vital across several stages of food manufacturing, such as cutting, shaping, packaging, and processing, to ensure safe and uncontaminated food processing operations. Thus, the product is expected to witness rising demand from the food & beverage sector. Market Segmentation, Outlook & Viewpoint: Global Air Compressor Market Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Portable Stationary Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Reciprocating/Piston Rotary/Screw Centrifugal Lubrication Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Oil-Filled Oil-Free Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Manufacturing Semiconductors & Electronics Food & Beverage Healthcare/ Medical Home Appliances Energy Oil & Gas Others Key Players, Recent Developments & Regional Insights: Global Air Compressor Market The centrifugal segment is expected to register the highest CAGR over the forecast period. Centrifugal systems are energy-efficient and have fewer parts that come in contact with each other and cause kinetic friction and a higher airflow as compared to other products. They find applications in several industries including food & beverage, gas turbines, oil refineries, petrochemical, and chemical plants. The rotary segment is projected to account for the largest air compressor market share over the forecast years. This type of compressor uses a rotary type positive displacement mechanism. They are used to supply compressed air for the larger industrial applications, such as in metallurgy and mining, papermaking and printing, electronic and electrical, electric power, and mechanical and electrical machinery. Lubrication Insights Oil-free systems are witnessing increasing demand owing to rising focus of governments on environmental security and implementation of new regulations for curbing emissions. Moreover, rapid industrialization and growth in the semiconductor, food processing, and manufacturing sectors are fueling the demand. In semiconductors and electronic industries these products deliver pressured air to be used in automatic control systems for eradicating fine dust from measuring instruments and liquid-crystal screen surfaces. In steel manufacturing, direct air is propelled into the furnace for heating the steel and for cooling the rolled steel. The oil-filled segment is expected to dominate the market over the forecast period, reaching at USD 25.83 billion by 2025. Oiled products need a form of lubricant to seal, cool, or lubricate internal components. Proper lubrication ensures less electrical energy consumption by maintaining optimum temperature of the compressor. Lubrication requirements vary considerably based on the type of gas that is being compressed, the type of compressor, and the environment in which it is used. Application Insights On the basis of application, the air compressor market has been segmented into semiconductors & electronics, home appliances, food & beverage, manufacturing, energy, healthcare, oil & gas, and others. Other applications include chemical, metal & mining, and construction. The home appliances segment is expected to register the highest CAGR over the forecast period. The manufacturing segment led the market in 2018 and is projected to maintain its dominance during the estimated period. Oil & gas was the second-largest segment in 2018. The product is extensively used in the oil & gas sector for the re-injection of reservoir pressure preservation. Growth in the natural gas & oil exploration and shale gas production activities is expected to boost the product demand over the next six years. Regional Insights Asia Pacific accounted for over 31% of the air compressor market share in 2018 owing to increased spending on industrialization and infrastructure development. The market is driven by the demand from various applications, such as home appliances, manufacturing, food & beverage, and oil & gas industries. Presence of a number of manufacturers of screw compressors in China and India and a large industrial base for semiconductor and electronics manufacturing in China and Taiwan are projected to drive the market further. Demand for low-power output compressors is increasing in semiconductor and electronics industry to handle delicate electronic components and printed circuit boards. Thus, rising number of electronics manufacturing facilities in APAC is boosting the market growth. North America and Europe markets are anticipated to experience comparatively sluggish growth. However, increased investments in the Eastern European region are expected to boost the demand for industrial compressors. Moreover, several re-initiated projects in the recovering economies of this region are propelling the demand for centrifugal compressors. Air Compressor Market Share Insights Major 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. Companies focus on expanding their product portfolio to gain a larger market share. For instance, in May 2016, Sullair LLC, launched two updated Tier 4 final emissions compliant portable air compressors. The improved systems are compactly designed, serviceable, and offer high range of pressure, allowing better flexibility on job locations. Companies are also adopting other strategies, such as collaborations and M&A, to strengthen their position in the global market. For instance, Atlas Copco recently acquired a number of companies including Pressure Compressor, Mobilaris MCE AB, and Glauber Equipment. Key Insights Covered: Global Air Compressor Market 1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Air Compressor industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Air Compressor industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Air Compressor industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Air Compressor industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Air Compressor industry. Research Methodology: Global Air Compressor Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
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Table of Contents Chapter 1 Methodology and Scope 1.1 Information Procurement 1.2 Purchased Database 1.2.1 HCC's internal database 1.3 Research Methodology 1.4 Research Scope and Assumptions 1.5 List to Data Sources 1.6 List of AbbreviationsChapter 2 Executive SummaryChapter 3 Market Definitions 3.1 Market SegmentationChapter 4 Industry Outlook 4.1 Market Snapshot 4.2 Global Air Compressor Market 4.2.1 Global air compressor market, 2015 - 2025 (USD Million) 4.3 Regional Business Analysis 4.3.1 Global air compressor market, by region, 2015 - 2025 (USD Milli | read more...