Latest Innovative Report on Air Compressor Market By Top Leading Key Players like Kobe Steel, Elgi Equipments Limited, VMAC Global Technology, Mitsubishi Heavy Industries

The air compressor market in Asia-Pacific is expected to grow at an attractive rate during the forecast period, owing to a rise in demand from end-user industries such as food & beverage, manufacturing, and oil & gas, thus boosting the market growth.

According to the report published by Allied Market Research, the global air compressor market was estimated at $18.22 billion in 2014 and is expected to hit $26.85 billion by 2023, registering a CAGR of 4.47% from 2017 to 2023.

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The oil-free segment is expected to grow at the fastest CAGR of 4.77% owing to an 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 (2017-2023).

Leading market players-

The key market players analyzed in the global air compressor market include Kobe Steel Ltd., Elgi Equipments Limited, VMAC Global Technology Inc., Mitsubishi Heavy Industries Ltd.,Ingersoll-Rand PLC, Porter Cable, Kirloskar Pneumatic Company Limited, Atlas Copco AB, Suzler Ltd., and Ebara Corporations. They have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.

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Based on technology, the rotary segment accounted for nearly half of the total market share in 2014 and is anticipated to maintain its top status by the end of 2023. At the same time, the centrifugal segment would showcase the fastest CAGR of 4.9% throughout the study period.

Key Findings of the Air Compressor Market:
• In 2016, the rotary technology type accounted for the maximum revenue and is projected to grow at a notable CAGR of 4.50% during the forecast period.
• The centrifugal segment accounted for around 24.19% in the air compressor market in 2016.
• Germany and France are the major shareholder in the market, accounting for more than half of the market share in 2016.

Based on geography, the Asia-Pacific region held the major share in 2014, garnering nearly two-fifths of the total market. Simultaneously, the LAMEA region would cite the fastest CAGR of 5.3% during the estimated period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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