Title: Air Compressor Market to Reach $26,850.35 Mn at a CAGR of 4.47% by 2023
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2 AIR COMPRESSOR MARKET ANALYST REVIEW
The air compressor market in Asia-Pacific is
expected to grow at the attractive rate during
the forecast period, owing to rise in demand from
end-user industries such as food beverage,
manufacturing and oil gas, thus boosting the
market growth. Furthermore, rise in industrial
activities in countries, such as India, China,
and rest of Asia-Pacific, are expected to provide
attractive business opportunities for the
equipment manufacturers during the forecast
period.. Komal Sharma Senior Research
Analyst, Construction Manufacturing
3 CURRENT AND FUTURE MARKET SCENARIO
- The global air compressor market was valued at
19,798.56 million in 2016. - The global air compressor market is projected to
reach at 26,850.35 million by 2023. - The global air compressor market growing at a
CAGR of 4.47 from 2014 to 2023. - The centrifugal segment accounted for around
24.19 in the air compressor market in 2016. - The oil-free segment is expected to grow at a
fastest CAGR of 4.77 owing to increase in demand
for reducing the cost of operation by eliminating
lubrication.
4 TOP IMPACTING FACTORS TO MARKET GROWTH
- Increase in adoption of energy efficient across
different industry verticals. - Increase in adoption of Robust air compressors
across different industry verticals . - Increase in demand from the end-user industries
such as food beverage, oil gas,
manufacturing, and power generation. - The utilization of high technical expertise, RD,
and accessories for enhancing the efficiency of
compression in the equipment results in high
installation and maintenance cost is expected to
hinder the growth of the market.
5AIR COMPRESSOR MARKET SEGMENTATION
- BY TECHNOLOGY
- Reciprocating
- Rotary
- Centrifugal
- BY TYPE
- Portable
- Stationary
- BY END-USER INDUSTRY
- Food Beverage
- Oil Gas
- Manufacturing
- Medical
- Power Generation
- Others
- BY POWER RATING
- 0-100 kW
- 101-300 kW
- 301-500 kW
- 501 kW above
- BY LUBRICATION METHOD
- Oiled
- Oil-free
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6The centrifugal segment accounted for around
24.19 in the air compressor market in 2016.
The oil-free segment is expected to grow at a
fastest CAGR of 4.77 owing to increase in demand
for reducing the cost of operation by eliminating
lubrication.
7 GEOGRAPHICAL OVERVIEW
- Based on region, it is analyzed across North
America, Europe, Asia-Pacific, and LAMEA. - Asia-Pacific accounted for the major share of the
global air compressor market in 2016 owing to the
increase in demand from food beverage,
manufacturing and oil gas industries. - Germany and France are the major shareholder in
the market, accounting for more than half of the
market share in 2016.
8DOMINATING MARKET PLAYERS PROFILED IN THE STUDY
- Atlas Copco AB
- Kobe Steel Ltd.
- Elgi Equipments Limited
- Ingersoll-Rand PLC
- Kirloskar Pneumatic Company Limited
- Mitsubishi Heavy Industries Ltd.
- Suzler Ltd.
- Ebara Corporations
- Porter Cable
- VMAC Global Technology Inc.
- Campbell Hausfled
- Doosan Infracore Portable Power
9 A Report Titled Air Compressor Market-
Opportunities And Forecast, 2014 2023 has been
recently published by Allied Market Research. It
makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect
Financial Ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from Stakeholders Perspective. To
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Opportunities and Forecast 2014 -
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