Showing posts with label Global Air Compressor Market. Show all posts
Showing posts with label Global Air Compressor Market. Show all posts

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.

Global Air Compressor Industry Forecast

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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

For More Information on the Research Report, refer to below links: –

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.

Global Air Compressor market Analysis

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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.

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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

Thursday, October 20, 2022

3 Interesting Insights on US$ 40 Billion Opportunity in Global Air Compressor Market: Ken Research

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Driven by the increasing demand for products with higher operational output and efficiency, the Global Air Compressor Market is Forecasted to Cross US$ 40 Bn by 2028 says Ken Research Study.

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. It has a wide range of applications such as vacuum packaging, dehydration, air blowing, tool powering, spray painting, cleaning, and medical equipment.

Ken Research shares 3 key insights on this high opportunity market from its latest research study”

1. High Durability Compressor Needed for Drilling Operations to Drive Market Growth

The demand for crude oil and renewable resources has grown significantly due to a rise in the usage of machinery and equipment across several end-use industries and significant development in the industrial sector. Harnessing the oil with effective machinery and cutting-edge technology is now essential to meeting the world's needs. As a result, it is projected that the use of items that can survive harsh environments would increase demand for air compressors on a global scale.

According to Ken Research estimates, the Global Air Compressor Market –grew from ~US$ 25 billion in 2017 to ~US$ 30 billion in 2022 – is expected to grow further into a ~US$ 40 billion opportunity by 2028.

Global Air Compressor MarketRequest For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDQx

2. Rising Demand for Eco-friendly Air Compressor Solution

The main factors that are likely to drive the air compressor market growth in the upcoming years are 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. For instance, in the past 40 years, AF Compressors, a manufacturer of air compressors, has expanded its line of air compressors and improved technology for durability, low maintenance, and high energy efficiency. AF Compressors has continuously enhanced the effectiveness of its products to reduce energy usage.

Global Air Compressor Market3. Modern Compressors' High Installation Costs is Likely to Limit Market Growth

The initial purchase and installation costs of contemporary rotary screw compressors were significant. Increased costs may discourage buyers from purchasing these products. Furthermore, the deployment of knowledgeable and experienced operators is crucial for the system's efficient and trouble-free operation due to the increasing complexity of the design, installation, and operations.

To prevent issues like condensate development and rust deposits, the user must also maintain limited daily use of the compressors. The correct management of the complicated system and the regular repair of the compressor machine raise the costs associated with maintaining the operations, somewhat lowering their profitability. According to CostOwl.com, in December 2021, a 5 Horsepower (HP) industrial air compressor will typically cost between $1,500 and $5,000, a 25-HP compressor between $8,000 and $10,000, a 100-HP compressor between $20,000 and $35,000, and a 200 HP commercial air compressor up to $70,000 this high installation cost of air compressor is hampering the growth of the market

Global Air Compressor MarketRequest For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDQx

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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