DUBLIN--(BUSINESS WIRE)--The "Portable Air Compressors Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global portable air compressor market by revenue is expected to grow at a CAGR of 5.35% from 2022 to 2028. A portable air compressor provides compressed air to several industries, such as construction, automotive, and oil & gas.
They are also utilized as backup compressors in several industries when the stationary compressors break down or require maintenance. The increasing adoption of variable-speed systems, low maintenance cost, effective operation, and retrofitting for existing methods are some factors propelling the global portable air compressor market among the end-use industries.
Moreover, energy-efficient portable air compressors are witnessing a surge in demand owing to their cost-effective operations. Hence, air monitoring systems are widely installed for measuring air compressors' impact. Additionally, the subsequent introduction of oil-free-based projects and continuous industry investments are driving the demand for oil-free portable air compressors.
Prominent manufacturers in the global portable air compressor market are developing eco-friendly and low-maintenance systems in their products to encourage users to opt for next-generation compressors. Further, companies such as Sullair, Ingersoll Rand Plc, and Atlas Copco Inc. have developed their products with next-generation systems and high-performance capabilities to differentiate them from other vendors in this highly competitive market.
For instance, in 2020, Sullair introduced its redesigned, next-generation 1600H Tier 4 Final portable diesel air compressor, an enhanced model based on the direct voice of customer feedback. A few of the key features offered by these portable air compressors include increased efficiency and reduced noise levels.
Moreover, technology integration is the key approach companies select to refine the technologies utilized in their new products and services. An effective technology-integration process starts in the earliest phases of an R&D project and provides a road map for all design, engineering, and manufacturing activities.
Various manufacturers provided IoT-connected air compressors, including Kaeser, Atlas Copco, Elgi, and Hitachi Sullair. For instance, in 2020, Atlas Copco had approximately 100,000 IoT-connected compressors at approximately 35,000 production sites globally.
Hence, these compressors deliver more than 150 data measurements per second, including sharing the real-time status of internal parts, such as the motor, belt, etc. Therefore, the advancement and development of new technologies have revolutionized the global portable air compressor market. Moreover, the constant efforts to develop new features and technology for compressors are expected to create new opportunities to expand the portable compressor market during the forecast period.
Key Questions Answered:
- How big is the portable air compressor market?
- What is the growth rate of the portable air compressor market?
- Who are the key players in the global portable air compressor market?
- What are the key driving factors in the portable air compressor market?
- Which region dominates the portable air compressor market?
Market Dynamics
Opportunities & Trends
- Growing Demand for Energy-Efficient Compressors
- Advances in Battery Technology
- Growing Inclination Toward Sustainability
Growth Enablers
- Integration of Technology in Compressors
- Increase in Use of Compressors in Construction Activities
- Increase in Use of Compressors in Households
Restraints
- Effects of Diesel Consumption
- Volatility in Raw Material Prices
Market Segmentation
by Product Type
- Reciprocating
- Rotary Screw
- Centrifugal
- Axial
by Lubrication Type
- Oil-Injected
- Oil-Free
by Airflow Type
- Below 400 CFM
- 400-800 CFM
- Above 800 CFM
by Fuel Type
- Conventional
- Electric
by End-user Type
- Manufacturing
- Construction
- Pharmaceutical/Healthcare
- Automotive
- Power Generation
- Oil & Gas
- Agriculture
- Others
by Geography
- North America
- US
- Canada
- Europe
- Germany
- UK
- Italy
- France
- Spain
- APAC
- China
- Japan
- South Korea
- India
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
Key Vendors
- Atlas Copco
- Gardner Denver
- Kaeser Kompressoren
- Ingersoll-Rand
Other Prominent Vendors
- Sullair, LLC
- Deere & Company
- Rolair Systems
- Doosan Portable Power
- Sullivan-Palatek Inc.
- Hubei Teweite Power Technology Co., Ltd.
- Elgi Compressors USA, Inc.
- CIASONS
- MAT Holding, Inc.
- Quincy Compressor
- Vanair Manufacturing
- BAC Compressor
- SeaComAir
- JSC Remeza
For more information about this report visit https://www.researchandmarkets.com/r/oomb32-air?w=4
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