Air Compressor Market: Revenue generation strategies of Top Leading Players like Atlas Copco AB, Kobe Steel Ltd., Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited
Asia-Pacific accounted for the major share of the global air compressor market in 2016 owing to the increase in demand from food & beverage, manufacturing and oil & gas industries. However, Asia-Pacific is estimated to grow at the highest rate followed by Europe due to rise in demand from end-user industries.
Air Compressor by Type, Technology, Lubrication Method, Power Rating and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2014-2023, the air compressor market was valued at $19,798.56 million in 2016, and is projected to reach at $26,850.35 million by 2023, growing at a CAGR of 4.47% from 2014 to 2023. Asia-Pacific is expected to be the leading contributor to the global air compressor market, followed by Europe and North America.
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However, the utilization of high technical expertise, R&D, and accessories for enhancing the efficiency of compression in the equipment results in high installation and maintenance cost, which is expected to hinder the growth of the market.
Key Benefits for Stakeholders
•The study provides an in-depth analysis of the global air compressor market along with the current & future trends to elucidate the imminent investment pockets.
•Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
•Porter’s Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
•The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.
In 2016, the rotary-based air compressors, accounted for the maximum revenue share in the overall air compressor market by technology owing to their lower cost of operations and large production capabilities. However, the centrifugal-based air compressors is expected to provide profitable opportunities to the manufacturers owing to their superior technology resulting in efficient continuous flow rate with variable compression capabilities.
The oil-free segment is expected to grow at a fastest CAGR of 4.77% owing to increase in demand for reducing the cost of operation by eliminating lubrication. Moreover, the medical and power generation end users in the air compressor market is also expected to generate attractive business opportunities during the forecast period (20172023).
Air Compressor Market Key Segments:
By Lubrication Method
By Power Rating
• 0-100 kW
• 101-300 kW
• 301-500 kW
• 501 kW & above
By End-User Industry
• Food & Beverage
• Oil & Gas
• Power Generation
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The key players profiled in the air compressor market include Atlas Copco AB, Kobe Steel Ltd., Elgi Equipments Limited, Ingersoll-Rand PLC, Kirloskar Pneumatic Company Limited, Mitsubishi Heavy Industries Ltd., Suzler Ltd., Ebara Corporations, Porter Cable, and VMAC Global Technology Inc. Market players have adopted various strategies such as product launch, collaboration & partnership, and acquisition to expand their foothold in the market.
About Allied Market Research
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Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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