Industry Highlights:

Air compressors have a wide-range of applications in both industrial and non-industrial verticals. Recent developments in the industry has helped in expanding the base by filtering spectrums in a more precise and definitive manner and attain the desired market results. An air compressor is a device that converts power generated through electric motor, diesel or gasoline engine into potential energy and stores in a form of pressurized air, i.e., compressed air. This conversion is achieved by compressing the air present within, which is released on quick bursts. Some of the most commonly used methods of air compressor are negative displacement, and positive displacement technologies.

Market Competitors:

Several companies are now influencing the market. The significant ones are Sullair, L.L.C. (U.S.), Atlas Copco AB (Sweden), Doosan Portable Power (U.S.), Gardner Denver (U.S.), Ingersoll Rand (U.S.), Rolair Systems. (U.S.), Kaeser Compressors SE (Germany), and others.

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Air Compressor Market Segments Analysis:

The air compressor market can be segmented by product, technology, lubrication, and end-user.

Product-wise segmentation comprises portable and stationary. The stationary type segment is expected to dominate the market as it is experiencing a growing demand from various industries and non-industrial sectors. Home appliances, automotive, and manufacturing sectors are capable of playing a pivotal role in the market growth.

Based on technology the market is segmented into rotary, reciprocating, and centrifugal. Rotary is estimated to dominate the market as it incurs low maintenance cost and is highly efficient. Centrifugal can also fetch in heavy demand in the coming years.

Lubrication-based segmentation includes oil free and oil filled. Rising awareness regarding various contamination is anticipated to trigger the sale of oil-free air compressors.

On the basis of end-user, the market can be segmented into home appliances, food & beverage industry, oil & gas industry, energy industry, semiconductors & electronics industry, manufacturing industry and the healthcare industry. Rapid urbanization has secured the market for home appliances where the air compressors can find utility in luxury items such as air conditioners, refrigerators, and others.

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Air Compressor Regional Market Analysis:

Region-wise segmentation includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

APAC accounts for a significant share of the market and is expected to experience the fastest growth rate owing to the upsurge in urbanization and escalation in industries across sectors. China, Japan, and India are upcoming economies that are bolstering the growth of this segment.

In North America, the increasing number of industrial infrastructure projects, and investment made across sectors such as process and oil & gas industries can trigger the market growth.

Europe follows the lead of APAC closely with a robust industrial sector that generates the demand for air compressors.

Industry Trend:

The market is now flooded with air compressors that are energy-efficient, centrifugal, and oil-free. Air Technologies have recently launched a new compressor that uses DirectAIR technology and conserves more kilowatt-hours (kWh).

SCR Air has introduced a compressor machine that uses a permanent magnet. These machines have low rotational speed which means it would generate the same airflow with device a size smaller. Also, the machines produce merely 67 decibels (dB) of sound and cut down the running cost.

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