Few Diverse Global Players Dominate the Market Holding ~45% of Revenue Share Despite the Presence of about ~300 competitors comprising a Large Number of Country-Niche Players and Regional Players, finds a recent market study on Global Air Compressor Market by Ken Research An Air compressor is a device that transforms power from an electric motor, diesel engine, or gasoline engine, etc. into potential energy stored in pressurized air i.e., compressed air. The air compressor is used for a lot of different things, including vacuum packaging, dehydration, air blowing, powering tools, spray painting, cleaning, and medical equipment.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
1. Global Players Who Comprise 10% in Terms of the Number of Competitors Hold the Dominant Revenue Share
Competitive Analysis by the Ken Research Study found that the Global Air Compressor market is highly competitive with ~300 players which include globally diversified players, country-niche players as well as a large number of regional players having their own niche in the development and execution for specific segments. The country-niche players comprise just about ~55% in terms of the number of companies, followed by regional players accounting for ~30% in terms of the number of companies. Most of the country-niche players are raw material suppliers. Some of these who successfully evolve to create specific air compressors often get acquired by large global players seeking to grow and diversify quickly.
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2. Leading Specialist Global Players' Ongoing Efforts To Provide Air Compressor To a Variety of Industries Drive the Growth of the Market
Detailed comparative analysis of key competitors available within the Research Study shows that specialist companies, such as Elgi Equipment Limited, Sullair, and VMAC company are highly focused on providing a significant number of compressor products that can be used across multiple industries, including manufacturing, food & beverage, oil & gas and many more.
3. Increased Adoption of Air Compressor Around the Globe Led to Major Industry-Wide Developments, Acquisitions, Collaborations, And Deal-Wins
- In January 2021, the Indian Bureau of Energy Efficiency (BEE) implemented voluntary energy efficiency policies for ultra-high-definition (UHD) televisions and air compressors with the goal of lowering the energy consumption and climatic effects related to these products while providing consumers with cost savings.
- In October 2020, Lontra has announced the appointment of Blade Compressors® LLC, a branch of Industrial Air Centers with headquarters in Jeffersonville, Indiana (USA), as the National Distributor for Lontra Blade Compressors® and upcoming Lontra products and services throughout North America.
- In December 2019, Atlas Copco has acquired MidState Air Compressor's operating assets. The company serves Massachusetts, Connecticut, and Rhode Island in the United States as a distributor of compressors and service providers.
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Key Topics Covered in the Report
- Snapshot of Global Air Compressor Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Air Compressor Market
- Historic Growth of Overall Global Air Compressor Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Global Air Compressor Industry
- Overview, Product Offerings, and Strength & Weakness of Key Competitors
- COVID-19 Impact on the Overall Global Air Compressor Market
- Future Market Forecast and Growth Rates of the Total Global Air Compressor Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Global Air Compressor in Major Regions
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Notable Emerging Companies Mentioned in the Report
- Porter Cable
- Siemens
- Cook Compression
- AireTex Compressor
- Best Aire LLC
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Air Compressor Companies
- Air Compressor Manufacturers Association
- Industrial Machinery Research & Development Institutes
- Government Ministries and Departments of Engineering and Machinery
- Investment Banks targeting Industrial Machinery Sector
- Private Equity and Venture Capital Firms targeting Industrial Machinery Sector
- Components and Material Suppliers to Compressor Manufacturers
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For More Information on the Research Report, refer to below links: –
Global Air Compressor Market: Ken Research
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