Air Compressor Market: Opportunities, Emerging Trends, Competitive Strategies and Forecasts 2023

Market Highlights
A compressor is a work absorbing mechanical equipment, which is used to increase the pressure
of air, gas, or vapor at the expense of work done on fluid. Prime movers such as the electric motor and the diesel engine drive compressors to serve the purpose of increasing the pressure of air. Compressed air is used in many applications in industry and commercial equipment. It is used in the operations of pneumatic control system, pneumatic tools, and air operated equipment, spray painting, compressed air engine, surface cleansing and in refrigeration & air conditioning.

About 70% of manufacturers use a compressed air system, for use with machine tools, material handling, spray painting, and separation equipment. The prime reasons for its popularity are the safety and convenience of using air as a resource, as opposed to other energy sources such as electricity. The current advanced energy efficient air compressors, not only save buyers money, but also help curb pollution down. Large-scale air emissions are released when electricity is produced. Reducing the electricity requirement for compressed air systems, can help improve air quality, significantly. Thus, compressed air has numerous advantages.The Global Air Compressor Market is expected to grow at ~ 7.5% CAGR during the forecast period.

Key Players
The key players of Global Air Compressor Market are
• Atlas Copco AB (Sweden),
• Sullair, L.L.C. (U.S.),
• Gardner Denver (U.S.),
• Kaeser compressors SE (Germany),
• Ingersoll Rand (U.S.),
• Rolair Systems. (U.S.),
• Doosan Portable Power (U.S.),
• Sullivan-Palatek, Inc. (U.S.),
• Elgi Equipments Ltd. (India),
• Bauer Compressors, Inc. (U.S.),
• Emerson Electric Co. (U.S.),
• Hitachi Industrial Equipment Systems Co.,Ltd. (Japan).

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Developing nations such as India and Brazil, which are witnessing rapid expansion in power and energy sector, are expected to drive the compressor market. Technological advancements in semiconductor industry for cost effective production technique, is resulting in increased applications of air compressors. All these major contributions of the various industries, so as to fulfill the increasing demand of fuel and power are likely to reinforce the demand for air compressors during the forecast period.

Global Air Compressor Market
The global air compressor market is expected to witness phenomenal growth during the forecast period. This is due to the considerable growth in utilization of air compressors in numerous end-use applications across major industries. The growth is, primarily, attributed to the growing necessity of compression of air & gas, which is likely to continue during the forecast years. The Asia Pacific region accounted for the largest share of the air compressor market in 2016, wherein China, India, Japan and other prominent emerging economies countries contributed major share. However, Europe is likely to emerge as one of the prominent markets for this technology due to the deployment of advanced air compressor in the newly built home appliances.

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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape

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