BANGALORE, India, Feb. 20, 2020 /PRNewswire/ -- The Global Air Compressor Market size is expected to reach USD 26,850.35 Million in 2023, from USD 19,798.56 Million in 2016, growing at a CAGR of 4.47% from 2017 to 2023.
The air compressors use kinetic energy possessed by the compressed air to supply the required energy to various equipment, tools, and machinery across several verticals in the industry. In addition, continuous compression supports the transport of fluids and gases, the manufacture of petrochemical products, the operation of pneumatic machinery and cooling applications.
The air compressor market is segmented on type, technology, lubrication method, power rating, end-user industry, and region to provide an in-depth analysis.
TRENDS INFLUENCING THE AIR COMPRESSOR MARKET SHARE
Technological advances in air compression techniques have a profound influence on the equipment's compression capabilities and are subsequently expected to drive growth in the air compressor market during the forecast period.
In addition, the rise in the adoption of robust and energy-efficient equipment is also expected to fuel the industry's demand for air compressors.
High installation and maintenance costs for the equipment are likely to hinder the growth of the demand for air compressors in the coming years. Nevertheless, the increase in Asia-Pacific and LAMEA development activities is expected to provide the manufacturers with profitable business opportunities over the forecast period.
Owing to simpler construction, the air compressors based on reciprocating technology have significant market share in recent years. However, for heavy-duty industrial applications, technologically superior air compressors such as centrifugal and rotary are preferred. The centrifugal and rotary air compressors, therefore, provide high-power air-rated compressors with significantly lower noise.
In 2016, the global market for Rotary Air Compressor was estimated at USD 9,298 Million and was projected to reach USD 12,634 Million by 2023, rising at a CAGR of 4.50 per cent from 2017 to 2023.
The report provides an overview of global Rotary Air Compressor market trends, structure, drivers, challenges and opportunities. Analysis by Porter's Five Forces highlights buyers & suppliers potential and provides insights into the competitive market structure to determine the investment pockets.
The North America Air Compressor Market generated USD 4,475 Million in 2016, and is projected to reach USD 5,754 Million by 2023, registering a CAGR of 3.68% during the forecast period (2017-2023).
High energy efficiency, low maintenance costs, environmental friendliness, portability and the ability to deliver variety in supplied demand drive market growth are the major factors driving the market. Moreover, growth associated with end-use industries, an increase in demand for technologically advanced products, and an increase in application areas also boost the growth of the North American market for air compressors.
The North America air compressor market is segmented based on type, technology, lubrication method, and country. The study gives an overview of the patterns, structure, drivers, challenges and opportunities in the air compressor market in North America.
The report provides an overview of global Stationary Air Compressor market trends, structure, drivers, challenges and opportunities. Analysis by Porters Five Forces highlights buyers & suppliers ' potential and provides insights into the competitive market structure to determine the investment pockets.
This report studies the market size (value and volume) of industrial air compressors by players, regions, product types and end industries, history data for 2014-2018 and forecast data for 2019-2025. Further, this report also analyses the global competitive landscape, market drivers and trends, opportunities and challenges, risks and barriers to entry, sales channels, distributors and Porter's Five Forces Analysis.
6. Portable Air Compressors Industry Research Report
In terms of production side, this report researches the Portable Air Compressors capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type. In terms of consumption, this report focuses on the consumption of Portable Air Compressors by regions (countries) and application.
The report provides an in-depth assessment of the growth and other aspects of the Oil Filled Air Compressor market in key regions including the United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc.
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