The global Air Compressor market is expected to grow at growth rate of 4.2% to reach USD 40.8 billion by 2025.

Air compressors offer a variety of applications in different industry verticals such as semiconductors & electronics, home appliances, manufacturing, food and beverage, healthcare, energy, and oil & gas. Furthermore, huge investments in the oil & gas exploration sector in the North American economies are also expected to drive the global Air compressor market. Also, increasing the need for reducing CO2 emissions coupled with stringent environmental and energy conservation regulations imposed by the government, which helps in boosting the market growth.

The growing popularity of monitoring of compressed air installation services offers countless benefits such as reliability, low maintenance costs, eco-friendly features and easy handling offered by the product are enhancing the market demand. Furthermore, increasing the inclination of leading key players towards plant automation and incorporation of pneumatic systems will significantly boosting the Air Compressor Market demand over the forecast period.

The global Air compressor market has been scrutinized in several global regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe. Among these global regions, Asia Pacific registered for over 30% of the air compressor market share in 2018 owing to rising spending on industrialization and increasing advancements in infrastructure development. Furthermore, some significant factors such as home appliances, oil & gas industries, manufacturing, and food & beverage industries have fuelled the market growth in emerging economies.

Also, the increasing presence of a number of key players of screw compressors in emerging economies such as China and India coupled with a large industrial base for the semiconductor and electronics industry sector in Taiwan and China is projected to mark notable growth in Air Compressor Market. The expansive presence of electronics manufacturing facilities in emerging countries is also propelling the global Air Compressor Market demand. Collectively, rising industrialization, expansion of the electronics market, and automobile production are major factors driving the market growth.

Key Takeaways

• North America is marking the strong growth in the air compressor market in 2019 owing to the expansive presence of refrigerated warehouses, packaged food industries, and food and beverage processing plants in developed regions.
• However, Europe is also marking impressive growth in the Air Compressor Market owing to the deployment of advanced air compressors in innovative home appliances.
• The stringent regulations imposed by governments such as complete lockdown and quarantine methodologies to fight against COVID-19 resulted in terms of expansive impact on global air compressor industry sector. Owing to viral outbreak of COVID-19, there is a suspension of the construction activities in the global market. Some significant factors such as shortage of manpower integrated with potential supply chain bottlenecks of raw materials and equipment are expected to case the deployment of ongoing projects.
• The leading players include Atlas Copco, AireTex, Kaeser, Bauer, Sullair, MAT Industries, BelAire Compressors, Cook Compression, Compressor Products International (CPI), Galaxy Auto Service, Frank Compressors, Gast Manufacturing, Inc., GE, and Ingersoll Rand Plc among others.
• The key players are actively adopting several strategies such as acquisition, geographical expansion, and product development of new and efficient products to maintain their position in the market.

KEY BENEFITS OF THE REPORT:

• The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• A thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
• A well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL AIR COMPRESSOR MARKET KEY PLAYERS

• AireTex Compressor
• Atlas Copco
• Bauer Group
• Kaeser Compressors
• MAT Industries, LLC
• Sullair LLC
• Cook Compression
• BelAire Compressors
• Galaxy Auto Service Equipment Co. Ltd
• Compressor Products International (CPI)
• Frank Compressors
• Gast Manufacturing, Inc
• GENERAL ELECTRIC
• Ingersoll Rand Plc

GLOBAL AIR COMPRESSOR MARKET, BY TECHNOLOGY

• Reciprocating/Piston
• Rotary/Screw
• Centrifugal

GLOBAL AIR COMPRESSOR MARKET, BY APPLICATION

• Manufacturing
• Semiconductors & Electronics
• Home Appliances
• Energy
• Food & Beverage
• Healthcare/ Medical
• Oil & Gas
• Others

GLOBAL AIR COMPRESSOR MARKET, BY LUBRICATION

• Oil-Filled
• Oil-Free

GLOBAL AIR COMPRESSOR MARKET, BY TYPE

• Portable
• Stationary

GLOBAL AIR COMPRESSOR MARKET, BY REGION

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • South Korea
  • Japan
  • Singapore
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• The Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Rest of MEA