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.
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.
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