Global Market Research Reports : Ken Research: Air Compressor Market

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Wednesday, November 1, 2023

Sullair's Resounding Dominance: Revolutionizing the US Air Compressor Market with Innovation and Global Reach

Sullair is one of the leading manufacturers of air compressors in America. Apart from the United States, Sullair also has active operations in regions like Australia, the United Kingdom, the Middle East, and European countries. The company offers a variety of products such as Portable, stationery, and oil-free air compressors.

Story Outline

The Company’s headquarters is located in Chicago, IL, US has a manpower strength of 900 employees globally and recorded a revenue of $220 Mn in 2022.
Sullair has witnessed remarkable growth in sales due to its continued innovation and advancement in portable air compressors
In 2019 Sullair announced the expansion of its operations in North America operations by investing around $30 Mn to construct a new 80,000-square-foot manufacturing plant in Michigan City America.

According to Ken Research, with an export value of $1.96 billion in 2022, the US air compressor market ranks third in the globe in terms of air compressor market, only behind China and Germany.

Additionally, the market is subjected to growth at a CAGR of 5.9% between 2022-2027. Sullair is dominating the US air compressor market with a focus on portable and stationary rotary screw air compressors made specifically for industrial and commercial use.

1. Overview of Sullair, L.L.C.

Overview of Sullair

Sullair was established in the year 1965 in the town of Michigan City, Indiana, USA by Donald C. Hoodes. In April 2017 the company was acquired by Hitachi for $ 1.24 Bn, a Japanese multinational conglomerate.
The Company’s headquarters is located in Chicago, IL, US has a manpower strength of 900 employees globally and recorded a revenue of $220 Mn in 2022.
Sullair offers different types of products in air compressors such as Portable, stationery, and oil-free air compressors and has active operations globally in countries like Australia, the United Kingdom, the Middle East, and European countries
The company has enhanced its market share under the direction of CEO Charlie Takeuchi and under his vision the firm is dedicated to equality, diversity, and inclusion.

2.Sullair's Position in US Air Compressor Market

Sullair's Position in US Air Compressor Market

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Sullair has a number of manufacturing facilities all over the country with its biggest manufacturing facilities in Michigan City. Additionally, the company has its manufacturing facilities located in international markets such as China, Australia, and New Zealand.
In 2022, Sullair has witnessed remarkable growth in sales compared to the previous year in the US air compressor market. The growth is the result of its continued innovation and advancement in portable air compressors that cover almost 80% of the US air compressor market in the product segment.
With the company’s merger with Hitachi Group, Sullair got exposed to more international markets due to the resources of Hitachi Group. In 2022, Sulalit air compressors systems in over 40 countries.

3. Merger and Acquisitions of Sullair, L.L.C. in US Air Compressor Market

Merger and Acquisitions of Sullair

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In the year 2008, Suzhou, China welcomes the opening of a second plant by Shenzhen Sullair Asia Company, Ltd. under the name Suzhou Sullair Air Equipment Company, Ltd.
In 2019 Sullair announced the expansion of its operations in North America operations by investing around $30 Mn to construct a new 80,000-square-foot manufacturing plant in Michigan City America. This will enable the company to enhance its capacity and manufacturing of air compressors.
Sullair made it public at the end of 2022 that the company has acquired two major compressed air distributors of California named California Compression and CDA Systems for a disclosed amount.

4. Major Competitors of Sullair, L.L.C. in the US Air Compressor Market

developer of oil free air compressors

Some of the competitors of Sullair are Atlas Copco, Gardner Denver Inc., Kaser Kompressoren, Ingersoll-Rand Plc, Rolair System, Elgi Compressor USA Inc., Hitachi Industrial Equipment Systems Co. Ltd., Chat Industries, Ciasons Industrial Inc., Aerzener Maschinenfabrik Gmbh, Quincy Compressor, Bauer Compressors Inc, and Others.
In June 2023, Chat Industries and Avina Clean Hydrogen Inc. began a strategic relationship to deliver Howden compressors from Chat Industries to Alvina's green hydrogen factory in southern California.
Recent releases from Altas Copco include their oil-free, 100% certified, and rotary screw compressor-equipped ZR/ZT series of air compressors. In addition, the business paid an unknown sum for the UK-based airflow compressor & Pneumatics Ltd.
In the year 2021. Sulzer Ltd. made a significant investment in Tamturbo Plc in 2020, buying a 25% stake in the producer and developer of oil-free air compressors.

Conclusion

Sullair, L.L.C., a trailblazing force within the US air compressor industry, has cemented its reign with brilliant progressions and a worldwide impression. Positioned as a frontrunner beneath CEO Charlie Takeuchi's direction, Sullair's range of portable, stationary, and oil-free air compressors resonates across businesses around the world. Supported by Hitachi Group's assets post-merger, Sullair's exponential development rises above borders, with outstanding market share gains. Pioneering advancements in portable compressors have catapulted Sullair to command about 80% of this section. With key acquisitions and developments, including a California foothold, Sullair exhibits vital agility. In the midst of competitors like Atlas Copco and Altas Copco, Sullair's journey remains a testament to change, impelled by cutting-edge innovation and a faithful commitment to industry leadership.

Monday, March 6, 2023

Global Air Compressor market is expected to reach ~USD 40 Bn by 2028F: Ken Research

Global Air Compressor Market By Geography

The Global Air Compressor market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific accounted for the largest market share in 2022 of the global air market, due to the increasing demand for air compressors in a number of sectors, such as manufacturing, home appliance, oil and gas, and food and beverage industries.

In addition, there are numerous compressor producers in China and India. For instance, Compressor Products International (CPI) was acquired by a Howden Air and Gas Production Company in December 2021. Through this action, CPI was able to take advantage of development prospects and expand its global distribution and service networks in China

The manufacturers are also paying close attention to the attractive markets of India and Japan; their efforts are mostly focused on building production facilities and setting up established supply chains in the area. Additionally, in the recent past, the majority of consumers from various end-use industries have decided to seek out investments in the Asia Pacific region's emerging economies, which is pivoting the development of manufacturing clusters throughout those regions and driving up sales of goods for the manufacturing industry.

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Competition Scenario In Global Air Compressor Market

The air compressor market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in air compressors.

Country-niche players control about ~55% of the market, while regional players constitute ~30% of the total number of competitors by type. Some of the major players in the market include Ingersoll Rand Plc, Atlas Copco, Elgi equipment limited, MAT Holdings, Inc., Sullair, Mitsubishi Heavy Industries Ltd., Bauer Compressors, Inc., VMAC Company, Kirloskar Pneumatic, and Doosan Portable power

What Is The Expected Future Outlook For The Overall Global Air Compressor Market Across The Globe?

The Global Air Compressor market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Air Compressor market is driven by the rapid growth in industrialization and rising investments to enhance the oil and gas pipeline network. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The global market is expanding due to the rising demand for air compressors that are energy-efficient in order to reduce operating costs. The market growth is anticipated to be positively impacted by the increasing initiatives taken by key industry players to create affordable and environmentally friendly air compressors. Several businesses have already created next-generation systems that provide high-performance capabilities at reasonable prices. Atlas Copco, a Swedish multinational industrial company, in 2022, has launched a New Energy-Efficient GA VSDS Compressor that provides up to 60% energy savings and intelligent, adaptable operation.

With the increasing innovation and emergence of new products, the Global Air Compressor market is changing rapidly. For instance, In August 2019, the new line of cutting-edge compressors from Atlas Copco was introduced for small and medium-sized businesses. The new compressors contribute to cost- and production-cutting.

In February 2021, the Mid-Range Series Portable Compressors from Sullair were introduced. The electronic spiral valve technology, which enables flexibility and improved operational efficiency, is integrated into this device.

The global air compressor is forecasted to continue the exponential growth that is witnessed since 2017, due to the increasing demand for products with higher operational output and efficiency is the primary concern that manufacturers are seeking to address in the market. Though the market is highly competitive with ~300 players, few global players control the dominant market share and regional players also hold a significant market share.

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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

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Global Air Compressor market

Global Air Compressor market expected to record a CAGR of ~5% during the forecast period (2017-2028): Ken Research

What Is The Size Of Global Air Compressor Industry?

Global Air Compressor market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Air Compressor Market is largely driven by the rapid growth in industrialization and rising investments to enhance the oil and gas pipeline network.

One of the main factors propelling the expansion of the global air compressor market is the expanding oil and gas sector. The market is expanding as a result of the increased energy demand in developing nations like China, India, and South Korea. According to India Brand Equity Foundation (IBEF) by 2045, it is anticipated that India's oil consumption will have increased by a factor of 2x, to reach 11 million barrels per day.

Environmentally friendly compressor technologies, low maintenance, retrofitting of existing systems, efficient operation at lower costs, rising adoption of variable-speed systems, oil-free lubrication processes, and growth in the popularity of portable models are propelling the growth of the market.

Strict government restrictions related to noise levels and greenhouse gases emitted by air compressors would be a significant barrier for this market. According to Legal Information Institute, a non-profit organization, portable air compressors with a maximum rated capacity of less than or equal to 250 cubic feet per minute (cfm) should not produce an average sound level in excess of 76 dBA when measured and evaluated in accordance with the methodology given by this regulation.

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Global Air Compressor Market By Type

The Global Air Compressor market is segmented by Type into Stationary and Portable.

The Stationary segment held the largest market share of the Global Air Compressor Market in 2022, due to the extensive use of these compressors in the industrial sector.

The expansion of air compressor market has been driven by the rising demand for stationary air compressors in the global manufacturing sector.

Furthermore, the demand for stationary air compressors is anticipated to increase in the near future as a result of the rapid industrialization in developing nations like Saudi Arabia, the United Arab Emirates, India, Brazil, and China.

Global Air Compressor Market By Technology

The Global Air Compressor Market is segmented by Technology into Rotary, Centrifugal and Reciprocating.

Rotary segment held the largest share of the global air compressor market in 2022, due to the increased demand for rotary air compressors in major industries, including pulp and paper, mechanical and electrical machinery, mining and metallurgy, and electric power.

A rotary compressor is a type of air compressor that creates compressed air using two rotating screws. In comparison to other compressor types, rotary screw air compressors are cleaner, quieter, and more effective.

Global Air Compressor Market By Lubricant

The Global Air Compressor market is segmented by Lubricant into Oil-free and Oil filled.

The oil-filled segment accounted for the majority share of the global air compressor market in 2022, as they were widely adopted for commercial applications in the energy, manufacturing, and chemical industries. They are durable and produce low noise compared to the oil-free compressor.

Heavy-duty applications frequently use oil-filled segments because of their reliability and resistance to harsh environments. Higher operational output and improved air delivery are made possible by the durable construction and long-lasting design.

Oil-filled compressors are more appropriate for industrial applications since they can work at a higher capacity.

Global Air Compressor Market By Application

The Global Air Compressor market is segmented by Application into Manufacturing, Food & Beverage, Healthcare/Medical, Oil & Gas, Home Appliances, Energy & Power, Electronics & Semiconductor and Others.

The manufacturing segment accounted for the largest market share in 2022 of the global air compressor market due to the increase in investments in the industrialization of developing and underdeveloped regions is driving the segment's expansion.

Developing nations like India, China, and Brazil are rapidly industrializing, and the manufacturing sector is seeing an increase in demand for advanced and energy-efficient air compressors.