Global air compressor market has witnessed gradual growth in recent years, and is expected to witness phenomenal growth in the forecast period. 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.

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Segmentation:

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

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.

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Regional Segmentation:

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.

Market Competitors:

Various international and regional players have taken over the market and are implementing new technologies to stay ahead of each other. However, major strategists are mostly focusing on mergers and acquisitions for market expansion. Recently, Ohio Transmission Corporation has acquired Louisiana compressed air company which can be taken as exemplary.

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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