DUBLIN--(BUSINESS WIRE)--The "Air Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global air compressor market size reached US$ 16.84 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 21.81 Billion by 2027, exhibiting a CAGR of 4.4% during 2021-2027.
Companies Mentioned
- Atlas Copco AB
- Bauer Compressors Inc.
- Berkshire Hathaway Inc.
- Ciasons Industrial Inc.
- Desran Compressor (Shanghai) Co.Ltd
- Doosan Corporation
- ELGi Equipments Limited
- Hitachi Ltd.
- Ingersoll Rand Inc. (Trane Technologies plc)
- Rolair Systems
- Suzler Ltd.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
An air compressor is a pneumatic, mechanical device that uses kinetic energy from the compacted gasses stored in pressurized air to provide the required amount of energy to various equipment and machinery. It comprises a cylinder head, delivery valve, cooling water jacket, compressor casing, piston, crankshaft, inter and after coolers, and main bearings.
It aids in reducing disposable waste and providing continuous compression to ensure adequate transportation of fluids and gases in cooling machines. Apart from this, as it is reliable, interchangeable, easy to use, and requires less maintenance, an air compressor is used in vacuum packing, spray painting, cleaning medical equipment, and tool powering applications. At present, it is commercially available in portable and stationary product types.
The widespread adoption of air compressors across various sectors can be attributed to the increasing need for effective and affordable compressors to meet the energy and power demand and enhance their operational outputs.
In line with this, the rising purchase of multiple consumer electronics has facilitated the incorporation of air compressors in air conditioners (AC), refrigerants, steam turbines, and other electromechanical machines, which is acting as another growth-inducing factor.
Additionally, the growing environmental concerns have prompted governments of several countries to promote the uptake of air compressors over oil-based variants to mitigate noise pollution and carbon dioxide (CO2) emissions, which is supporting the market growth.
Furthermore, the shifting inclination of manufacturers toward portable air compressors due to their noise and vibration-free property and large-scale integration with variable-speed systems are contributing to the market growth. Apart from this, rapid industrialization, ongoing manufacturing and mining activities, and the extensive utilization of air compressors in the oil and gas industry to maintain the gas flow in pipelines are creating a positive outlook for the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global air compressor market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology, lubrication method, power rating and end user.
Breakup by Type:
- Portable
- Stationary
Breakup by Technology:
- Reciprocating/Piston
- Rotary/Screw
- Centrifugal
Breakup by Lubrication Method:
- Oil-filled
- Oil-free
Breakup by Power Rating:
- 0-100 kW
- 101-300 kW
- 301-500 kW
- 501 kW and Above
Breakup by End User:
- Manufacturing
- Semiconductors and Electronics
- Food and Beverages
- Healthcare/Medical
- Home Appliances
- Energy
- Oil and Gas
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- What is the How has the global air compressor market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global air compressor market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the lubrication method?
- What is the breakup of the market based on the power rating?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global air compressor market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/q59r8y
