Press release
Air Compressor Market 2018 key players Atlas Copco, Sullair, Gardner Denver, Kaeser Kompressoren, Ingersoll-Rand, Rolair Systems, Doosan Portable Power, Sullivan-Palatek.
Air Compressor Market
Air Compressor Market size will likely surpass USD 40 billion by 2024. Increasing industrial activities will propel the air compressors market owing to their extensive use in various end-user industries which include manufacturing, oil & gas, electronics, food & beverages, and others. With robust industrial development in Asia Pacific since the past several years, the region has been generating enormous industrial output. Automotive and manufacturing industry is witnessing sharp growth owing to abundance of raw material and easy availability of labor. Increasing use of various machines for manufacturing purposes will fuel air compressor market demand in this region.
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Demand for better and superior quality machine is driving the air compressor market demand since the past few years. Air compressors have gradually developed to become lighter weight and compact in design & shape since past few years. Due to environmental regulations, lower gas emitting, lesser noisy, and energy efficient compressors are also in great demand. Introduction of portable, electric, and lighter weight machines is fueling the demand for air compressors market. Oil free air compressor market will also see rapid growth owing to the food security and oil contamination caused by oil filled machines.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Atlas Copco
2. Sullair, LLC
3. Gardner Denver, Inc.
4. Kaeser Kompressoren SE
5. Ingersoll-Rand plc
6. Rolair Systems
7. Doosan Portable Power
8. Hubei Teweite Power Technology Company Limited
9. Elgi Compressors USA, Inc.
10. Heyner UK Ltd.
11. Hitachi Industrial Equipment Systems Co Ltd
12. Ciasons Industrial, Inc.
13. Mat Holdings, Inc.
14. Oasis Manufacturing
15. Aerzener Maschinenfabrik GmbH (Aerzen)
16. Quincy Compressor
17. Vanair Manufacturing, Inc.
18. VMAC Company (VMAC Global Technology, Inc.)
19. Zen Air Tech Pvt. Ltd.
20. AireTex Compressors LLC
21. Bauer Compressors, Inc.
22. Belaire Compressors
23. Emerson Climate Technologies, Inc.
24. Frank Technologies
Air compressors market is on a continuous technological development as machineries are gradually being developed with superior qualities to perform better. For the usage of up-to-date technology in products, these machineries are being preferred on rental basis other than their purchase. This factor will act as a restraint for the air compressor market as it can result in lowering sales of the product industry.
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Centrifugal will surpass USD 35 billion by the end of 2024 to capture close to 40% of the entire air compressor market share. They have extensive industrial applications which need high capacity and larger discharge rates. With long run compatibility, the product needs very low maintenance.
Increasing security regulations and lowering the contamination levels in food will propel the oil-free air compressor market in the forecast period. The product also finds extensive application in healthcare industry for respiratory support systems and air ventilators. The segment will foresee exponential growth in the North American region owing to strict food regulations.
Increasing home appliances and electronics demand in the Asia Pacific region will drive the air compressor market demand in this region. The segment is said to surpass USD 5 billion by the end of the forecast period owing to its increasing usage in refrigeration systems, air conditioners, and other appliances.
Mature industrial manufacturing and home appliance industry, owing to huge company production hubs located in this region will drive the Europe air compressor market at a steady rate in coming years. Increasing oil extraction and drilling activities in middle east will further propel the oil injected air compressor market demand in this region.
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Key players in the air compressor market include Ingersoll-Rand, Kaeser Kompressoren, Atlas Copco, Vanair, VMAC Company, Zen Air, AireTex Compressors, Belaire Compressors, Ciasons Industrial, Quincy Compressor, Sullivan-Palatek, Oasis Manufacturing, and Hitachi Industrial Equipment Systems to name a few.
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