Press release
APAC Is Dominating the Air Compressor Market
The growth of this industry can be ascribed to the increasing demand for eco-friendly air compressors all over the world, technological enhancements, presence of advanced manufacturing facilities, and rapid industrialization.
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Industrial air compressors are used in several industries, such as oil and gas, automotive and transportation, healthcare and pharmaceuticals, metals and mining, packaging, power and energy, and construction.
Furthermore, such systems are used by 70% of all constructors, to pneumatic tools, paint sprayers, power conveyors, and packaging machines.
Stationary variants held the larger share, approximately 60%. This can be credited to the higher acceptance in the automotive industry and many other engineering sectors. In comparison to portable variants, stationary variants provide better cubic feet per minute airflow, extremely vital in the manufacturing sector, such factors are driving the demand for these variants.
The portable category is projected to grow at a higher rate of around 5% in the years to come. It is because of the emergence of technologically enhanced portable variants that generate clean air and are also noise-free. Their ability to move the compressed air to a different location will boost the growth of the this category.
The rotatory category in the air compressor market had the largest revenue share of around 45%. This can be accounted to the high effectiveness and robust build of such variants.
Additionally, the numerous government standards across the globe to surge the output, effectiveness and energy optimization of the rotatory type which, is contributing to the category growth.
APAC held the largest revenue share in 2021, with a value of about $9,911.4 million. This is mainly credited to the existence of a number of key players in India and China and the solid industrial base for the semiconductor business in China and Taiwan.
Additionally, the increasing acceptance of automation and atomization in industries, including semiconductors & electronics, healthcare, energy, oil & gas, manufacturing, and home appliances, are the other major factors contributing to the growth of the regional market.
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Europe had second largest revenue generator, owing to the strict government guidelines concerning the operational effectiveness of compressors and the growth of compliance standards.
Moreover, the U.K. and Germany together hold around 55% of the revenue share in the region. It is mainly because of heavy expenditure on renewable power generation and the existence of key players in the countries.
Hence, the increasing demand for eco-friendly variants all over the world, technological enhancement, and rapid industrialization will boost the demand for air compressors in the future.
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