Press release
Global Air Compressor Market 2024 - Key Players Sullair, LLC, Gardner Denver, Atlas Copco, Ingersoll-Rand, Kaeser Kompressoren, Rolair Systems, Doosan Portable Power, Sullivan-Palatek.
Air Compressor Market
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Air Compressor Market will likely surpass USD 40 billion by 2024. Rapid industrial growth in Asia-Pacific will augment the air compressor market development as it is extensively used in end-users including automotive, oil & gas, manufacturing, etc. The value added in manufacturing in China increased from USD 2.85 trillion in 2013 to USD 3.74 trillion in 2016. A similar trend is also observed in other countries of the region like India, Korea, Japan, Indonesia etc. This industrial development will boost manufacturing activities in the region which is likely to propel the air compressor demand during the forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Sullair, LLC
Atlas Copco
Gardner Denver, Inc.
Kaeser Kompressoren SE
Ingersoll-Rand plc
Rolair Systems
Doosan Portable Power
Hubei Teweite Power Technology Company Limited
Elgi Compressors USA, Inc.
Heyner UK Ltd.
Hitachi Industrial Equipment Systems Co Ltd
Ciasons Industrial, Inc.
Mat Holdings, Inc.
Oasis Manufacturing
Aerzener Maschinenfabrik GmbH (Aerzen)
Quincy Compressor
Vanair Manufacturing, Inc.
VMAC Company (VMAC Global Technology, Inc.)
Zen Air Tech Pvt. Ltd.
AireTex Compressors LLC
Bauer Compressors, Inc.
Belaire Compressors
Emerson Climate Technologies, Inc.
Frank Technologies
Rising home appliances demand in Asia Pacific will also enhance the growth of air compressor market as the product is incorporated in refrigerators and air conditioners and are also used in their production process. Increase in disposable income of the consumer and improving living standard will fuel home appliances demand. The Asia-Pacific household appliances demand occupied more than 40% of the global demand in 2015 and is likely to increase in the forthcoming period. Rapid urbanization will increase the number of households and will boost demand for home appliances which will in turn propel the air compressor market development.
Air Compressor Market by Application
Home appliances
Food & beverages
Oil & gas
Energy
Semiconductor & electronics
Manufacturing
Healthcare
Air Compressor Market by Technology
Rotary
Screw
Scroll
Others
Reciprocating
Centrifugal
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The technology segment includes rotary, centrifugal, and reciprocating compressors. The rotary types are further segmented as scroll, screw and others. The rotary segment will witness the highest gains in the industry. Centrifugal compressor segment revenue will be over USD 30 billion in 2024 and will occupy more than one-third of the market by 2024.
In 2016, approximately half of the industry share was held by Asia Pacific and the region will grow at a healthy rate in the coming years. The North American region will also witness favorable growth owing to rising product demand from the food & beverage and healthcare industries.
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The major players in this industry include Hitachi, Gardner Denver, Atlas Copco, Frank Technologies, Quincy, Sullair, Elgi, Hubei Teweite Power Technology, Ciasons, Ingersoll-Rand, Bauer, Kaeser Kompressoren, Aerzener, Mat Holdings and others.
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Global Market Insights, Inc.
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