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What are the Growth Drivers of Air Compressor Market? Sullair, LLC, VMAC Company, Mitsubishi Heavy Industries Ltd., Atlas Copco, Ingersoll Rand Inc., Kobe Steel, Bauer Group, GE Energy, Hitachi Industrial Equipment Systems Co., Ltd. and Kaeser Compressors

04-03-2020 11:52 AM CET | Business, Economy, Finances, Banking & Insurance

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Air Compressor Market

Air Compressor Market

The Exploration study offers deep assessment of the Air Compressor Market and helps market participants to gain a solid base in the industry. The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, historical data, facts and statistically supported and industry certified market data.

According to a new research the Air Compressor market is anticipated to reach over USD 45.6 billion by 2026. In 2017, the stationary air compressor segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

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The well-known companies profiled in the report include Sullair, LLC, VMAC Company, Mitsubishi Heavy Industries Ltd., Atlas Copco, Ingersoll Rand Inc., Kobe Steel, Bauer Group, GE Energy, Hitachi Industrial Equipment Systems Co., Ltd., Oasis Manufacturing, Rolair Systems, and Kaeser Compressors among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

The different types of air compressors include stationary, and portable. In 2017, the stationary segment accounted for the highest market share. The stationary air compressors have higher capacity with large tank sizes, enabling them to operate with high-power motors. These air compressors are suitable for heavy industrial applications. They are widely used in industries such as automobile, mining, manufacturing, construction, and others. Oil lubricated air compressors, which support the heavy duty applications, are commonly used for stationary air compressors.

Asia-Pacific generated the highest revenue in the market in 2017 and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, agriculture, construction, and automotive, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support market growth in the region.

Turbocor and thermoacoustic are some emerging technologies in the air compressor segment. Compressors based on turbocor technology offer an oil free design with comparatively lesser moving parts, and deliver high performance and reliability. Thermoacoustic compressors utilize a thermoacoustic engine and a positive displacement reciprocating compressor. These upcoming technologies along with research and development would provide new opportunities in the air compressor market.

Air compressors are used to power a variety of equipment in diverse applications such as automated tools, spray painting equipment, material handling and separation equipment. There has been an increasing demand of energy efficient air compressor over the years. Use of energy efficient air compressors helps in conserving electricity and reducing costs. Thus, launch of energy efficient air compressors by leading players in the market would provide growth opportunities in the market.
The increasing applications of air compressors in industries such as healthcare, construction, mining, automotive, and oil & gas among others are expected to support the growth of this market.

Other driving factors include high energy efficiency, low maintenance cost, environmentally friendliness, portability, ability to deliver variation in supplied pressure. The increasing awareness regarding use of energy efficient compressors would boost the market growth during the forecast period. However, rising cost of raw material, noise pollution, and contaminated compressed air hamper the growth of the market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

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Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Air Compressor Market Insights
3.1. Air Compressor - Industry snapshot
3.2. Air Compressor - Ecosystem analysis
3.3. Air Compressor Market Dynamics
3.3.1. Air Compressor - Market Forces
3.3.1.1. Air Compressor Market Driver Analysis
3.3.1.2. Air Compressor Market Restraint/Challenges analysis
3.3.1.3. Air Compressor Market Opportunity Analysis
3.3.2. Industry analysis - Porter's five force
3.3.2.1. Bargaining power of supplier
3.3.2.2. Bargaining power of buyer
3.3.2.3. Threat of substitute
3.3.2.4. Threat of new entrant
3.3.2.5. Degree of competition
3.3.3. Air Compressor Market PEST Analysis, 2016
3.3.4. Air Compressor Market Value Chain Analysis
3.3.5. Air Compressor Industry Trends
3.3.6. Competitive Ranking Analysis
4. Air Compressor Market Size and Forecast, 2017-2026 by Type
4.1. Key Findings
4.2. Stationary
4.3. Portable
5. Air Compressor Market Size and Forecast, 2017-2026 by Lubrication
5.1. Key Findings
5.2. Oiled
5.3. Oil free

Related Report:
Global (United States, European Union and China) Industrial Air Compressor Market Research Report 2019-2025

In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Industrial Air Compressor. In 2019, the market size of Industrial Air Compressor is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

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