Air compressors are machines used for dynamic or positive displacement mechanism for converting power to potential energy. This potential energy is then stored in pressurized air form. The increasing industrialization and developmental activities across the globe are boosting the air compressors market size, says a recently published Fortune Business Insights™ report. The report is titled, “Air Compressor Market Size, Share & Industry Analysis, By Type (Portable, Stationary), By Lubrication (Oil-Free, Oil-Injected), By Operation (Rotary, Reciprocating, Centrifugal), By Application (Food & Beverages, Oil & Gas, Power Generation, Manufacturing, Medical, Others) and Regional Forecast, 2019-2026.”
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Air Compressor Market rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fuelling demand for energy and is expected to drive the Air Compressor Market.
Highlights of the Report
- A comprehensive overview of the market
- Factors driving, repulsing, challenging, and creating opportunities for the market
- Competitive Landscape of the market
- Key segments of the market with market value, and forecasted Compound Annual Growth Rate
- Major industry insights and stimulating insights into the market
- Major air compressor market players and the strategies adopted by them
- Other air compressor market trends
Expansion of Medical Sector to Propel Demand for Air Compressors, Driving Market
An important factor promoting the air compressor market growth is the rise in demand for energy that is promoting industrialization. This is further attributed to the increasing population and increase in demand to provide power utilized in residential, commercial, and especially in industrial sectors. Besides this, analysts at Fortune Business Insights™ foretells the surging rise in the oil and gas sector to increase the air compressors market size during the forecast duration. This, coupled with the expansion of food and beverage industries, manufacturing industries, medical, and power generation sectors are expected to attract more air compressor market revenue in the forecast duration.
On the contrary, the continuous need to maintain air compressors may cause hindrance to the overall air compressor market revenue. Moreover, the emission of greenhouse gases may also pose a major threat to the environment, and thus, stringent restrictions imposed on it by governments may have a negative impact on the air compressor market growth. Furthermore, noise pollution caused by these devices may hamper the overall air compressor market size.
Important Industry Developments of Air Compressor Market:
March 2019 – A range of the latest GA 110-160 VSD oil-injected air compressors were launched by Atlas Copco and added in the smart air solution portfolio. This new range of air compressors consists of the new state of art compression element and are designed for providing three times more benefits in the form of energy encompassment, uptime, efficiency, and service.
September 2019 – New XAS 950 A, was launched by Atlas Copco. This is an oil-injected, single-stage rotary air compressor capable of adjusting pressure by utilizing the cognitive electronics for matching with the speed, torque, and power of the engine as per the demand of the air.
Important Players of the Air Compressor Market Include:
- Kerui Group US Llc
- General Electric Manufacturing Company
- BOGE Compressors
- A. Grupo Hastinik
- Quincy Compressor
- Jereh Group
- Ingersoll Rand
- Bauer Compressors, Inc.
- Atlas Copco
- Senco Brands Inc.
- Kaishan Group
- MAN Diesel & Turbo
- By Type
- By Application
- By Geography
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
- North America (The USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Key Questions Answered:
• What are the key technological and trends shaping the market?
• What are the key opportunities in the market?
• What are the key companies operating in the market?
• Which company accounted for the highest market share?
• Why Choose Fortune Business Insights?
• What is the market size and growth rate of the global and regional market by various segments?
• What is the market size and growth rate of the market for selective countries?
• Which region or sub-segment is expected to drive the market in the forecast period?
• What Factors are estimated to drive and restrain the Market growth?
Asia Pacific to Dominate Market on Account of Presence of Large Industrial Market
Asia Pacific market is holding a dominant air compressor market share on account of rise in oil and gas exploration activities, coupled with the presence of a large industrial market. Additionally, the surge in district cooling systems and increasing business profits from the automotive sector is also helping the region attract high air compressor market revenue in the forecast duration.
Previously North America was dominating the market owing to the high exploration activities for oil and gas sectors and the increasing number of industries. On the other side, the market in Europe will witness significant growth on account of increasing district cooling systems in the region.
Major Table of Content for Air Compressor Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Company Profile
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