3 Interesting Insights on US$ 40 Billion Opportunity in Global Air Compressor Market: Ken Research

Driven by the increasing demand for products with higher operational output and efficiency, the Global Air Compressor Market is Forecasted to Cross US$ 40 Bn by 2028 says Ken Research Study.

An air compressor is a device that transforms power from an electric motor, diesel engine, or gasoline engine, etc. into potential energy stored in pressurized air i.e., compressed air. It has a wide range of applications such as vacuum packaging, dehydration, air blowing, tool powering, spray painting, cleaning, and medical equipment.

"Ken Research shares 3 key insights on this high opportunity market from its latest research study"

1. High Durability Compressor Needed for Drilling Operations to Drive Market Growth

The demand for crude oil and renewable resources has grown significantly due to a rise in the usage of machinery and equipment across several end-use industries and significant development in the industrial sector. Harnessing the oil with effective machinery and cutting-edge technology is now essential to meeting the world's needs. As a result, it is projected that the use of items that can survive harsh environments would increase demand for air compressors on a global scale.

According to Ken Research estimates, the Global Air Compressor Market -grew from ~US$ 25 billion in 2017 to ~US$ 30 billion in 2022 - is expected to grow further into a ~US$ 40 billion opportunity by 2028.

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2. Rising Demand for Eco-friendly Air Compressor Solution

The main factors that are likely to drive the air compressor market growth in the upcoming years are environmentally friendly compressor technologies, low maintenance, retrofitting of existing systems, efficient operation at lower costs, rising adoption of variable-speed systems, oil-free lubrication processes, and growth in the popularity of portable models. For instance, in the past 40 years, AF Compressors, a manufacturer of air compressors, has expanded its line of air compressors and improved technology for durability, low maintenance, and high energy efficiency. AF Compressors has continuously enhanced the effectiveness of its products to reduce energy usage.

3. Modern Compressors' High Installation Costs is Likely to Limit Market Growth

The initial purchase and installation costs of contemporary rotary screw compressors were significant. Increased costs may discourage buyers from purchasing these products. Furthermore, the deployment of knowledgeable and experienced operators is crucial for the system's efficient and trouble-free operation due to the increasing complexity of the design, installation, and operations.

To prevent issues like condensate development and rust deposits, the user must also maintain limited daily use of the compressors. The correct management of the complicated system and the regular repair of the compressor machine raise the costs associated with maintaining the operations, somewhat lowering their profitability. According to CostOwl.com, in December 2021, a 5 Horsepower (HP) industrial air compressor will typically cost between $1,500 and $5,000, a 25-HP compressor between $8,000 and $10,000, a 100-HP compressor between $20,000 and $35,000, and a 200 HP commercial air compressor up to $70,000 this high installation cost of air compressor is hampering the growth of the market

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Key Topics Covered in the Report

Snapshot of Global Air Compressor Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Air Compressor Market
Historic Growth of Overall Global Air Compressor Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of Global Air Compressor Industry
Overview, Product Offerings, and Strength & Weakness of Key Competitors
COVID-19 Impact on the Overall Global Air Compressor Market
Future Market Forecast and Growth Rates of the Total Global Air Compressor Market and by Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Global Air Compressor in Major Regions
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region

Notable Emerging Companies Mentioned in the Report

Porter Cable
Siemens
Cook Compression
AireTex Compressor
Best Aire LLC

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Air Compressor Companies
Air Compressor Manufacturers Association
Industrial Machinery Research & Development Institutes
Government Ministries and Departments of Engineering and Machinery
Investment Banks targeting Industrial Machinery Sector
Private Equity and Venture Capital Firms targeting Industrial Machinery Sector
Components and Material Suppliers to Compressor Manufacturers

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-air-compressor-market-outlook-2028/

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