Manufacturing & Machinery

Global Air Compressor Market

January 20, 2022
ID: SR/MM-06
Format:Pdf
Pages:220

Global Air Compressor Market, By Product (Portable, Stationary) By Technology (Rotary(Screw, Scroll and others), Reciprocating, Centrifugal) By Lubrication (Oil-Free, Oil Filled) By Application (Home Appliances, Food & Beverages, Oil & Gas, Energy, Commercial, Manufacturing, Healthcare, Transportation, Mining & Construction, and Others)and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.

Description

The HR Air Compressor Market was valued at USD 9 Billion in 2020 and is projected to reach USD 16.3 Billion by 2027, growing at a CAGR of 4.6% during the forecast period, 2020-2027. Air compressors are generally used in various industries such as food & beverages, Home appliances, Oil and Gas, Semiconductors and Electronics etc. the rising need for the reduction of CO2 emission and stringent regulations penetrating the environmental conversation is anticipated to the market growth. Moreover, eco-friendly, reliable features, ease of handling, and low maintenance cost, offered by the product are propelling its demand. Air compressors are being put to use in a wide range of sectors for different applications. Compressed air is regarded as the fourth utility after electricity, natural gas, and water.

What is Air Compressor?

A compressor is a machine capable of converting electric power kinetic energy, specifically by utilization of compressed air. It is a device that covers into power using an electric motor, diesel or gasoline engine, into potential energy stored in pressurized air, also known as compressed air. The global air compressor market has a very bright scene because it is being seen as a renewable energy source. A compressor is a mechanical device that enhances the pressure of a gas by controlling its volume. An air compressor is a particular type of gas compressor. Major trends in the market include an increased focus on R&D growth prospects in emerging markets.

Growth Driver

The rise in the adoption of robust and energy-efficient equipment for heavy demand

Technological advancement air compression technique has a profound influence over the compression capabilities of the equipment and is subsequently expected to drive air compressor market growth during the forecast period. Moreover, the growth in the adoption of robust and energy-efficient equipment is also expected to fuel the demand for air compressors. In addition, the equipment requires the application of sophisticated technology with high technical expertise for designing high power rated and adequate air compression equipment. Consequently, the high revenue of installation and maintenance for the equipment is expected to boost the market growth of the air compressor market in the next few years. Factors responsible for the market’s growth include increasing adoption of air compressors in different industries, favorable government regulation & policies, growing popularity of automobiles and encouraging economic environment.

Future market growth based on various industries

The global air compressor market is anticipated to recover or restore its growth by the 1^st and 2^nd quarters of 2022. The broad accent emphasis on innovation and R&D, rise in several strategic alliances among companies, and the growing demand air advanced air compressors from various industries such as healthcare, home appliances, home care, energy and others are the major factors expected to boost the air compressor market growth during the forecast period. Besides, high investment in offshore oil activities such as exploration, production, drilling, and processing in Middle Eastern are projected to drive the market growth.

Opportunities

The demand for the industrial air compressor global market is increasing rapidly in the global market and hence provides various growth opportunities during the estimated period. The use of the market in highly explosive areas and fire hazards areas provides various growth opportunities. Also, the advancement in technology coupled with an increasing focus on energy saving provides growth opportunities in the market.

Restraints

In a positive shift air compressor, the gas is brought out in during the suction stroke of the piston, compressed by downfalling the volume of the gas by moving the piston in the opposite direction, and, lastly, discharged when the gas pressure exceeds the pressure acting on the outlet valve. Reciprocating compressors are useful for supplying small amounts of gas at high pressure. But at the same time, they are costly and not that easy to be handled by the air compressor to carry out.

Pre-Covid-19 impact on Global Air Compressor Market

The analysts at research dive confirm that the outbreak of COVID-19 around the world has negatively hit the air compressor market’s growth. The negative market growth is mainly due to the shutting down manufacturing units and their distribution in the supply chain to curb coronavirus spread. For example: In March 2020, Eigi Equipment, the leading air compressor manufacturer across the globe, announced to shut down all the facilities of the company during the COVID-19 pandemic period.

Covid-19 impact on Global Air Compressor Market

The COVID-19 has severely impacted the global air compressor market in the forecasted period. Some governments around the globe imposed stringent nation-wise lockdowns in 2020 because of the more requirements to control the spread of the COVID-19 infection. As a result, the growth of several industries and areas has been substantially restricted. Similarly, the global pandemic also affected the air compressor, which witnessed s significant dip in sales and profits. Moreover, the growing cases of COVID-19 in several countries because of second wave, government-imposed partial or complete lockdown around the world. This has eventually reduced the investment in the oil and gas industry and the market’s growth.

Post Covid-19 impact on Global Air Compressor Market

The demand for all compressors is expected to be fuelled by the post-COVID-19 scenario, energy recovery, more focus on energy efficiency, and a breakdown in CO2 emission. Moreover, the market’s current growth would also be slated by the huge demand for services and monitoring for compressed air installation. In addition, the market would witness bright growth prospects due to the scattered demand for air compressors in the global food & beverages market owing to the strict norms on food safety and health. Furthermore, companies have hefty investments in oil & gas extraction activities in the Middle Eastern and North American countries, which is likely to up the growth of the air compressor market.

By Product Analysis

Based on the Product, the global air compressor market is segmented into Portable, Stationary. The demand for oil-free air compressors has been picking on a rising preference for compact, portable and energy-efficient mechanisms. Moreover, these compressors consume comparatively less energy, leading to cost-effectiveness and lower carbon emission levels during the product life-cycle. The stationary oil-free air compressors market is poised to capture over 95% share by 2027 because of expensive usage in manufacturing applications and industrial advancements in emerging nations. Centrifugal compressors do not introduce any oil into the compression stream, but these are in a different league than their positive-displacement brethren. So, these are the major attributes driving the growth of the Air Compressor market.

Technology Type Segmental Analysis

Rotary compressor demand is expected to generate a huge market share across the world. High efficiency and low maintenance & installment costs are key factors catalyzing the demand for rotary compressors. The rotary air compressors market is further bifurcated into the scroll, screw, and other types such as lobe, vane, etc. Rotary screw compressors will experience high demand in the Global Air Compressor market in the coming years.

Lubrication Segmental Analysis

Based on the lubrication, the air compressor market is segmented into oil-Free and Oil-Filled. Oil is important in the operation of an ant compressor as it serves to remove heat generated by the compression process. In many designs, oil provides a seal as well. To create oil-free compressors, manufacturers rely on several tactics. Piston compressor makers can employ one-piece piston assemblies that ride the crankshaft on eccentric bearings.

Application Segmental Analysis

Analyzed Based on the application, the Air Compressor market is segmented into the home appliance, food & beverages, oil & gas, energy, commercial manufacturing, mining & construction and others. The manufacturing segment accounted for the largest share in the market in the year 2020. This can be analyzed to the rapid industrialization in developing economies such as India, China, and Brazil, merge with high demand for advanced and energy-efficient air compressors in the manufacturing sector.

Region Segmental Analysis

The Asia Pacific accounted for over 30% of the market in 2020, owing to the further government investments in infrastructure framework and rapid industrialization. The market growth is carried by the demand for air compressors from various applications such as food & beverages, home appliances, oil & gas, mining, and others. Furthermore, the presence of several compressors manufacturers in India, and China, along with the large industrial base for electronics and semiconductors manufacturing in China and Taiwan, is expected to drive the market growth.

Competitor Analysis

Companies including Air Squared, Inc., Emerson Electric Co. Gardner Denver, BAUER COMPRESSORS, INC. BOGE, Danfoss, Sullair, LLC. Hitachi, Ltd. Quincy Compressor ZEN AIR TECH PRIVATE LIMITED. are the key players in the Global Air Compressor market.

Key Stakeholders

Recent Development

In October 2020, Mark Compressors, a classic air compressor brand, announced the launch of two new product variations in its piston compressor range, namely the ‘Bluewind’ and Ironwind’ series. The new air compressor’s layout is for key industry segments such as tire retail, automobile, fuel stations, small-scale industries, woodworks, and self-made professional businesses.
In February 2020, Sullair, a market player in innovative compressed air solutions, has introduced its Perkins portable diesel air compressor. These compressors have sustainable durability and high performance along with turbo-charged engines for efficient work at high altitudes. Moreover, during the global health emergency, the company is more concerned about employees, partners, and customers’ health and safety.
In June 2017, new models, namely the next generation R-Series oil-flooded rotary screw air compressor, were attached to the existing product line of Ingersoll Rand for giving energy-efficient high capacity air.
In April 2019, ZT 90-160 air-cooled and its advanced version oil-free screw air compressor was launched by Atlas Copco for redesigning the existing and older version of the compressor for efficient use.

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 9 Billion
The revenue forecast in 2027	USD 16.3 Billion
Growth Rate	CAGR of 4.6 % from 2020 to 2027.
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Air Squared, Inc. Emerson Electric Co. Gardner Denver, BAUER COMPRESSORS, INC. BOGE, Danfoss, Sullair, LLC. Hitachi, Ltd. Quincy Compressor ZEN AIR TECH PRIVATE LIMITED.

Market Modelling

By Product

Portable
Stationary

By Technology

Rotary {Screw, Scroll, and Others}
Reciprocating
Centrifugal

By Lubrication

Oil-Free
Oil Filled

By Application

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

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Data Platform: India E-KYC Excel Data

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is an Air Compressor?

An air compressor is a mechanical device that enhances the pressure of a gas by reducing its volume. An air compressor is a particular type of gas compressor.

What is the growth rate of the global Air Compressor Market?

The Air Compressor market size was valued at USD 9 Billion in 2020 and projected to reach USD 16.3 Billion by 2027, growing at a CAGR of 4.6% during the forecast period, 2019-2027.

What are the factors driving the growth of the global Air Compressor market?

The technical innovations in the air compressor industry lead to the development of a product that requires less optional and maintenance investment.

Which region is expected to have the largest share in the global Air Compressor market?

The Asia Pacific region is expected to have the largest global Air Compressor market share in the forecast period.

Which are the major companies for the global Air Compressor Market?

Companies including Air Squared, Inc., Emerson Electric Co. Gardner Denver, BAUER COMPRESSORS, INC. BOGE, Danfoss, Sullair, LLC. Hitachi, Ltd. Quincy Compressor ZEN AIR TECH PRIVATE LIMITED are the key players in the Global Air Compressor market.

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Global Air Compressor Market

What is Air Compressor?

Growth Driver

The rise in the adoption of robust and energy-efficient equipment for heavy demand

Future market growth based on various industries

Opportunities

Restraints

Pre-Covid-19 impact on Global Air Compressor Market

Covid-19 impact on Global Air Compressor Market

Post Covid-19 impact on Global Air Compressor Market

By Product Analysis

Technology Type Segmental Analysis

Lubrication Segmental Analysis

Application Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Recent Development

Scope of the Report

Market Modelling

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