Press release
Air Compressor Market Segmentation, Parameters and Prospects to Reach $46.2 billion by 2031
According to a new report published by Allied Market Research, titled, The air compressor market size was valued at $28.4 billion in 2021, and is estimated to reach $46.2 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.An air compressor is a pneumatic device that converts power from an electric motor or a diesel or gasoline engine into potential energy stored in compressed air. Tools like nail guns, paint sprayers, pressure washers, cutting tools, polishers, impact wrenches, socket wrenches, screwdrivers, and tire inflators commonly rely on portable air compressors for domestic use.
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Driving Demands:
One of the key advantages of air compressors is their portability. In industries like construction and mining, portable tools are essential for performing a variety of tasks. Since electric and hydraulic equipment often face mobility limitations in such environments, portable air compressors provide a practical solution.
Air-powered tools and their stationary power sources further emphasize the need for portable compressors, which is expected to drive growth in the air compressor market.
The initial expense of purchasing and installing modern rotary screw compressors grew high. Increased costs may discourage customers from purchasing these products. In addition, regular servicing and maintenance are necessary for the correct operation of these compressors. Furthermore, the deployment of knowledgeable and experienced operators is crucial for the system's efficient and trouble-free operation due to the greater complexity of the design, installation, and operations.
In addition, to prevent issues such as condensate buildup and rust formations, the user must keep a minimum level of daily use of the compressors. The complicated system must be effectively managed and maintained, which raises the maintenance costs for the processes and lowers their profitability to some extent.
Competiton Analysis
The major players profiled in the air compressor market analysis include Atlas Copco AB, Ebara Corporation, Elgi Equipment Ltd., Ingersoll Rand Inc., Kirloskar pneumatic company limited, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., Sullair, Sulzer Ltd., and VMAC.
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Key Segments:
By Type -
Portable
Stationary
By Technology -
Reciprocating
Reciprocating Type
Single stage
Two stage
Rocking piston
Diaphragm
Rotary
Rotary Type
Screw
Rotary helical
Rotary sliding vane
Centrifugal
By Lubrication Type -
Oiled
Oil-free
Key Findings Of The Study:
The report provides an extensive analysis of the current and emerging global air compressor market trends and dynamics.
Based on type, the stationary segment dominated the market in 2021.
Based on technology, the reciprocating segment dominated the market in 2021.
By lubrication method, the oiled segment generated the highest revenue in 2021.
Region-wise, Asia-Pacific dominated the market in 2021. And LAMEA is anticipated to dominate the global air compressor market exhibiting the highest CAGR during the forecast period.
The report provides an extensive analysis of the global air compressor market trends and emerging opportunities of the market.
The global air compressor market forecast analysis from 2021 to 2031 is included in the report.
Read More Related Reports:
Industrial Air Blowers Market - https://www.alliedmarketresearch.com/industrial-air-blowers-market
Air Quality Control Systems Market - https://www.alliedmarketresearch.com/air-quality-control-systems-market
Rotary Air Compressor Market - https://www.alliedmarketresearch.com/rotary-air-compressor-market
Reciprocating Hydrogen Compressor Market - https://www.alliedmarketresearch.com/reciprocating-hydrogen-compressor-market-A74836
Turbocompressor Market - https://www.alliedmarketresearch.com/turbocompressor-market
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