Why Portable Air Compressor Market are Booming Rapidly? Industry in-Depth Analysis with Growing Trends || Gardner Denver, Sullair, Atlas Copco, Rolair Systems, Kaeser Kompressoren, Doosan Portable Power, Vanair Manufacturing
The global portable air compressor market outlook will remain robust on the back of burgeoning industrialization. The trend for energy-efficient air compressors will be in line with a green transition to boost low carbon footprint products.Infusion of funds in food & beverages, building & construction and manufacturing industries has stimulated growth in the landscape. Development of novel technologies and technological innovations are boosting the adoption of advanced portable air compressors.
Increasing adoption of mobile air compressors will add impetus to the industry outlook as leading companies continue to focus on the development of lightweight compressors. The global portable air compressor market size is forecast witness a substantial gain by 2026.
Industry participants are likely to expand their geographical footprints in the ensuing period. Some of the regional trends which are likely to remain in focus are elucidated below:
Europe to be a happy hunting ground for rotary mobile compressors
Demand for rotary mobile compressors is likely to remain dominant across Europe on the heels of launch of advanced low maintenance and lightweight products. The market share from the rotary portable air compressors in Europe stood at 78% in 2019 and is forecast to gain a substantial uptick in the forthcoming period. Notably, energy efficiency and low noise levels have made the product highly desirable in the region.
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Oil-free portable air compressors will witness sizeable market uptake in healthcare, pharmaceutical, food & beverage, electronics and semiconductor industries. Investments in advanced oil-free mobile air compressors will continue to be witnessed in the U.K., France. Germany and Italy. The market share from the oil-free portable air compressors segment in Europe will be valued at more than USD 340 million by 2026.
Growth in mining & construction industry across Europe
With an upsurge in construction activity and growth in the mining activities, Europe is poised to be replete with investments. Mining & construction and manufacturing applications witnessed more than 65% revenue share in 2019. Infrastructural development activities have picked pace in Northern Europe, including Fehmarn belt fixed link.
Growth potential in the U.K. is likely to be pronounced owing to the trend for lightweight and low noise mobile air compressors. It is worth noting that new portable air compressors produce approximately 65dB noise when providing compressed air at around 300 psi. In terms of share, the U.K. portable air compressor market hit 8.1% in 2019 and will remain bullish through 2026.
Oil-filled portable air compressors to gain prominence in North America
Oil-lubricated products are gaining impetus in the U.S., Canada and Mexico across the end-use applications where compressed air is warranted. Moreover, the use of robust technologies, including energy recovery systems has encouraged users to reduce energy costs.
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Demand for portable air compressors will remain noticeable across manufacturing applications. North America is witnessing portfolio expansion of several manufacturing facilities. In addition, heightened demand for chemical products and robust government policies will accentuate the product adoption. The industry revenue from the manufacturing application segment in North America will be pegged at USD 300 million by 2026.
North America to witness demand for reciprocating technology
Reciprocating compressors are gaining impetus in high-fluctuation operations during load peaks, including construction, workshops and small industries. Some of the upsides such as portability and easy operations have made the technology trendier in the region. In terms of value, the reciprocating portable air compressor segment is likely to be pegged at around USD 115 million by 2026.
The U.S. is likely to be a favorable investment ground against the backdrop of thriving pharmaceutical, manufacturing, food & beverage and mining & construction industries. With new industry players foraying into the market, the industry outlook is forecast to remain robust. The U.S held over 75% of portable air compressor market revenue in 2019 across North America.
APAC to witness increased traction from food & beverage industry
Considering the exponential growth witnessed in food & beverage industry, demand for portable air compressors for packaging, mixing food, air knives and food fillings will continue to surge across the region. Moreover, rising investment in food processing sector will be in line with burgeoning urbanization and booming population in the region. The food & beverage application segment in APAC will expand at a single digit CAGR of 4.5% through 2024.
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Market participants are likely to inject funds in reciprocating compressors following the latter’s popularity as a power source for tools and pneumatic equipment. The reciprocating portable air compressors in APAC will expand at a moderate CAGR of more than 3.5% through 2024.
Stakeholders shift focus in India and Japan to gain competitive edge
Thriving semiconductor & electronics industry in both India and Japan has added fillip to APAC portable air compressor market outlook. So much so that an uptake in automotive production has mustered up the confidence in the region. For instance, Y-o-Y growth of automotive production in India logged 7% in 2018, while Japan produced more than 30,000 automotive units.
Portable air compressors will find increased use in automotive sector for engine construction, vehicle assembly and air conditioner, to name a few. Flourishing food & beverage industry in the region will further solidify the position of the global portable air compressor market.
Presence of a slew of compressors and bullish demand from end-use industries will continue to propel the industry trend.
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