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.
- 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
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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
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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
- 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.
