Global Air Compressor Market Share, Size 2022, Business Scope, Drivers and Growth Opportunities by 2027

According to IMARC Group's latest report, "Air Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global air compressor market size reached US$ 16.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.81 Billion by 2027, exhibiting a growth rate (CAGR) of 4.10% during 2022-2027.

Year considered to estimate the market size:

• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027

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Air Compressor Market Insight:

Air compressor refers to pneumatic, mechanical devices that utilize kinetic energy from the compacted gasses stored in pressurized air to offer the required amount of energy to multiple equipment and machinery. By mode of operation, they can be segmented into reciprocating or piston, rotary or screw, and centrifugal categories. These air compressor models comprise of a cylinder head, cooling water jacket, delivery valve, compressor casing, main bearings, piston, crankshaft, and inter and after coolers. They are interchangeable, easy to use, aid in reducing disposable waste, and provide continuous compression to facilitate optimized transportation of fluids and gases in cooling machines.

As a result, air compressor variants find extensive applications across numerous sectors, including manufacturing, food and beverages, home appliances, oil and gas, semiconductors and electronics, healthcare, energy, etc.

Global Air Compressor Market Trends:

The elevating purchase of consumer electronics across the globe is primarily driving the air compressor market. Besides this, the increasing product demand from the food and beverage industry, owing to stringent regulations on food safety and health, is acting as another significant growth-inducing factor. Moreover, the escalating integration of rotary compressors in manufacturing facilities to ensure enhanced energy efficiency and operational reliability is also positively influencing the global market.

Additionally, the shifting preferences among manufacturers toward high-performance portable products, on account of their noise and vibration-free property and the growing requirement in the oil and gas segment to maintain the gas flow in pipelines, are expected to fuel the air compressor market in the coming years.

List of Air Compressor Companies Covered in this Market Report:

• Atlas Copco AB (OTCMKTS: ATLKY)
• Bauer Compressors Inc.
• Berkshire Hathaway Inc. (NYSE: BRK.A)
• Ciasons Industrial Inc.
• Desran Compressor (Shanghai) Co.Ltd
• Doosan Corporation (KRX: 000150)
• ELGi Equipments Limited (NSE: ELGIEQUIP)
• Hitachi Ltd. (OTCMKTS: HTHIY)
• Ingersoll Rand Inc. (Trane Technologies plc) (NYSE: IR)
• Rolair Systems and Suzler Ltd.

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Market Segmentation of the Air Compressor Market:

The report has segmented the global air compressor market on the basis of material, application and region.

Based on Type:

• Portable
• Stationary

Based on Technology:

• Reciprocating/Piston
• Rotary/Screw
• Centrifugal

Based on Lubrication Method:

• Oil-filled
• Oil-free

Based on Power Rating:

• 0-100 kW
• 101-300 kW
• 301-500 kW
• 501 kW and Above

Based on End User:

• Manufacturing
• Semiconductors and Electronics
• Food and Beverages
• Healthcare/Medical
• Home Appliances
• Energy
• Oil and Gas
• Others

Geographical Analysis:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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