Custom market insights
The air compressor market was US$31.86 billion in 2021 and will grow to ~US$55.98 billion by 2030, with a CAGR growth of 5.5% between 2022 and 2030.
— Customized market insights
SANDY, UTAH, UNITED STATES, Sept. 13, 2022 /EINPresswire.com/ — According to the study, the global air compressor market was valued at US$31.86 billion in 2021 and is expected to reach around US$55.98 billion by 2030 and continue to grow at a CAGR of about 5.5% between 2022 and 2030.
Air Compressor Market: Overview
The market is expected to grow well in different countries around the world as the demand for air compressors has increased in gas and oil industry, manufacturing industry and other industries. Even though the supply chain and logistic functions have been disrupted during the outbreak of the COVID-19 pandemic, the market will continue to grow well in the years to come. Conventional compressors are replaced by rotary compressors. As these compressors are more efficient and reliable in terms of energy consumption, the market will continue to grow well.
Air Compressor Market: Growth Drivers
There are a variety of applications of air compressors in different industries. Increasing use in packaging, transportation, construction and pharmaceutical industries will lead to the growth of the market. Industrialization will lead to an increase in manufacturing activities. And this is said to offer great potential and opportunities that will lead to the growth of the market. The economic developments and the industrial developments were more Indonesian like in Africa. The government is taking initiatives so that the increasing industrial automation also contributes to the growth of the market.
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Key Findings:
A) According to the analysis shared by our research analyst, the air compressor market is estimated at about 5.5% CAGR during the forecast period (2022-2030).
B) In terms of revenue, the air compressor market size was estimated at around US$31.86 billion in 2021 and is projected to reach US$55.98 billion by 2030. The market is predicted to witness significant growth owing to a variety of driving factors.
C) There are many factors that will hamper the growth of the market over the forecast period. Bad practices and artificial demand will increase losses in the industry.
D) As various nations work to reduce the number of carbon emissions and also greenhouse gases, the need for sustainable products has increased. The need for energy-efficient solutions has grown in recent years.
E) Using these compressors contributes to better savings and a cleaner environment. These compressors are considered to be environmentally friendly products as they are very quiet and do not require much fuel.
Air Compressor Market Press Release: https://www.custommarketinsights.com/press-releases/air-compressor-market/
regional landscape
The Asia-Pacific region will have the largest market share in the coming years. This segment has dominated the market in the past and will continue to grow well in the coming years. As the governments of various nations in Asia-Pacific invest in infrastructure development and rapid industrialization. As there has been rapid industrialization in various regions of Asia-Pacific, there will be increased demand for air compressors.
Air compressors are used in many industries such as manufacturing industry, gas and oil industry, household appliance industry, beverage and food industry. With many air compressor manufacturers present in the Asia-Pacific region, particularly in countries such as China and India, the demand for these products will continue to grow in the coming years. With semiconductors and electronics being produced on a large scale in these countries, the market is expected to grow well in the coming year. North American region and European region will see steady growth in the coming years. Eastern Europe has increased the number of investments in the industrial sector, which will further increase the demand for these compressors.
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key figures
Aerzener Maschinenfabrik GmbH
Ciasons Industrial Inc.
Desran Compressor (Shanghai) Co., Ltd.
Doosan Corporation (Doosan Infracore Portable Power)
Atlas Copco AB
Berkshire Hathaway Inc. (Campbell Hausfeld)
Ebar Corporation
Elgi Equipments Limited
Gardner Denver Holdings, Inc.
Hitachi, Ltd. (Sullair, LLC)
Indo-Air Compressors Pvt. GmbH.
NINGBO XINDA GROUP CO., LTD (AUGUST Screw Air Compressor)
Stanley Black & Decker Corporation (Porter Cables)
Suzler Ltd
Ingersoll Rand plc
Kirloskar Pneumatic Company Limited
Kobe Steel, Ltd.
Mitsubishi Heavy Industries Ltd.
VMAC Global Technology Inc
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The Air Compressor Market is segmented as follows:
after operation
back and forth movement
rotating
Centrifugal
By type
portable
Stationary
Through lubrication
oil filled
oil free
through application
food and drinks
manufacturing
healthcare
electronics and semiconductors
domestic appliances
oil and gas
energy
Other
Other
According to geography
North America
The USA
Canada
Mexico
Europe
The United Kingdom
Germany
France
Italy
Russia
rest of Europe
Asia Pacific
China
India
Japan
South Korea
Malaysia
Philippines
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
GCC
North Africa
South Africa
Rest of Middle East and Africa
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