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Oct 21, 2019 7:35 AM ET

Air Compressor Market Size Worth $40.43 Billion By 2025 | CAGR: 3.8%


iCrowd Newswire - Oct 21, 2019

San Francisco, October 21, 2019: Latest study by Grand View Research, Inc. titled “Air Compressor Market Size, Share & Trends Analysis Report By Product (Rotary/Screw, Centrifugal), By Application (Manufacturing), By Lubrication (Oil-free, Oil-filled), By Type (Stationary, Portable), And Segment Forecasts, 2019 – 2025 is expected to reach USD 40.43 billion by 2025 registering a CAGR of 3.8% Air compressors find applications in various industries, such as manufacturing, semiconductors & electronics, home appliances, healthcare, oil & gas, food & beverages, and energy. Rising need for reducing CO2 emissions and stringent environment conservation regulations are expected to boost the market growth over the forecast period. Increasing demand for monitoring of compressed air installation services is further contributing to the revenue growth. Moreover, reliability, eco-friendly features, low maintenance costs, and ease of handling offered by the product are boosting its demand.

 

 

us-air-compressor-market

 

 

Some key findings from the report:

 

The stationary type segment is expected to lead the global air compressor market while portable is projected to be the fastest-growing segment from 2019 to 2025

 

The rotary/screw product segment is anticipated to account for the largest market share of 46.71% by 2025. These compressors offer constant air flow at varying discharge pressures and operate via positive displacement. Longer product lifecycles and easy maintenance are expected to boost their demand further

 

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

 

Manufacturers are offering air compression technologies along with air and gas treatment equipment to provide niche solutions for various applications

 

Oil-filled compressors are likely to lead the market over the forecast years due to their extensive adoption in commercial applications, such as in manufacturing, energy, and chemical industries

 

 

The final report on global air compressor market on the basis of type, product, lubrication, application, and region:

 

Air Compressor Type Outlook (Revenue, USD Million, 2015 – 2025)

 

Portable

Stationary

 

Air Compressor Product Outlook (Revenue, USD Million, 2015 – 2025)

 

Reciprocating/Piston

Rotary/Screw

Centrifugal

 

Air Compressor Lubrication Outlook (Revenue, USD Million, 2015 – 2025)

 

Oil-filled

Oil-free

Air Compressor Application Outlook (Revenue, USD Million, 2015 – 2025)

 

Manufacturing

Semiconductors & Electronics

Food & Beverage

Healthcare/Medical

Home Appliances

Energy

Oil & Gas

Others

 

Air Compressor Regional Outlook (Revenue, USD Million, 2015 – 2025)

 

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Latin America

Brazil

Mexico

MEA

 

In addition, need for improved air quality, growing consumer awareness regarding product quality, and supportive government policies on energy conservation are expected to drive the market. Furthermore, growing usage of air compressors in the food & beverage industry due to the mandates on food safety will favorably impact the overall market over the forecast period. Rapid industrialization in developing economies, such as China, India, and other South Asian countries, is a major factor driving the market in Asia Pacific region. Need for efficient and advanced compressors has fueled the product demand across different manufacturing industries in the region. In addition, rising need for after-sales services is expected to offer growth opportunities for key companies in the market.

 

Browse more market research report from HVAC & Construction Category

 

For your custom research requirements please visit Grand View Research



Contact Information:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com






Keywords:    Air Compressor Market, Air Compressor Market Size, Air Compressor Market Share, Air Compressor Market Forecast

Tags:    Research Newswire, English