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Portable Air Compressor Market 2019 - Development Status & Growth Projection to 2024
Portable Air Compressor Market
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Portable Air Compressor Industry, By Application:
• Building & construction
• Food & beverage
• Oil & gas
• Mining & quarrying
• Semiconductor & electronics
• Manufacturing
• Healthcare
Developments in the food & beverage industry would enhance the demand in the portable air compressor market. This is owing to its extensive usage in vending machines, packaging machines, ozone generators, bakeries etc. The product offers clean air with low maintenance cost making it apt for this industry.
The food & beverage application would be valued at more than USD 250 million by the end of the study period. This is owing to its high requirement of contamination free air for various purposes like product packaging, food & beverage filling equipment, nitrogen generation, mixing and movement, closing and checking devices etc.
Mining & construction is another significant application segment in the portable air compressor market which would propel at a significant growth rate. The product would be an ideal fit for this application as it provides continuous air flow with less maintenance cost.
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Portable air compressor market in North America would grow at a rate of around 4% over the study period due to growing automotive and oil & gas sector in this region. U.S. has the highest share in this region due to strong presence of major product manufacturers. Increasing oil & gas exploration activities in North America will positively influence the regional market over the coming years.
With a fragmented market there are a large number of domestic and international players present in the portable air compressor market. Some of the companies include:
• Doosan Portable Power
• Kaeser Kompressoren
• Quincy Compressor
• Belaire Compressors
• Atlas Copco
• Elgi Compressors
• Gardner Denver
• Vanair Manufacturing
• Hubei Teweite Power
• Ingersoll-Rand
• Sullair
• Sullivan-Palatek
• Rolair Systems
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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