Press release
Air Compressor Market Trends and Growth Analysis to 2026 by Leading Players: Danfoss, Ingersoll-Rand, Gardner Denver, Quincy Compressor, Atlas Copco
Air Compressor Market
Compressors can range in terms of size, starting from one that can fit in a car glovebox to the giant turbocompressor or reciprocating machines that are usually used in pipeline service. The positive-displacement type compressors can further be bifurcated into rotary types; including the rotary vane and helical screw, and reciprocating types; where the style of the piston predominates.
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The Middle East and Africa air compressor market is anticipated to register appreciative growth over the projected timeframe. In fact, the MEA industry is slated to witness gains of 4.7% CAGR from 2020 to 2026.
Compressors are extensively used across several industries to deliver shop or instrument air that powers paint sprayers, air tools, as well as abrasive blast equipment. The compressors are also used to phase shift the refrigerants that are used in refrigeration and air conditioning; to push gas through the pipelines.
Similar to pumps, compressors are also divided in terms of centrifugal as well as positive displacement. However, while the pumps are majorly represented using centrifugal varieties, air compressors are typically of the positive-displacement kind.
Air Compressor Market Growth Drivers: -
1. Proliferating growth in household appliances market
2. Surging automobile production
3. Technological advancements in air compressors
4. Expansion of cold storage facilities
Air Compressor Market by Product: -
1. Portable
2. Stationary
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Portable air compressors are extensively used in building as well as construction projects across the globe. These compressors supply compressed air to power different types of heavy tools in the industry.
Based on technology, the air compressor market is bifurcated into rotary, reciprocating centrifugal, and others. The rotary segment is further bifurcated into screw and scroll. Among these, the rotary screw air compressors is projected to witness growth of 3.7% from 2020 to 2026.
Considering the end-user segment, the air compressor market landscape is divided into housing appliances, food & beverage, oil & gas, energy, commercial, manufacturing, healthcare, mining & construction, transportation, and others.
Among these, the commercial segment accounted for over 15% volume share in 2019. Indispensable use of compressors for cooling applications in shopping malls, and workplaces, among others is projected to drive segment growth by 2026.
Some of the renowned names in air compressor market include: - Emerson, GMCC, Bitzer, Atlas Copco, Sullair LLC, Gardner Denver, Inc., Kaeser Kompressoren SE, Ingersoll-Rand plc, Rolair Systems, Doosan Portable Power, Sullivan-Palatek, Inc., Hubei Teweite Power Technology Company Limited, Hitachi Industrial Equipment Systems Co Ltd, Ciasons Industrial, Inc., Mat Holdings, Inc., Danfoss, Oasis Manufacturing, Aerzener Maschinenfabrik GmbH (Aerzen), Quincy Compressor, Vanair Manufacturing, Inc., VMAC Company (VMAC Global Technology, Inc.), Zen Air Tech Pvt. Ltd., Boge Compressors, Bauer Compressors, Inc., Air Squared Inc
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