Title: Portable Air Compressor Market 2019 - 2024
1Portable Air Compressor Market Global Industry
Trend Analysis Forecast over 2019- 2024
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2- Portable Air Compressor Market Scenario
- Portable air compressors are used in many
industrial applications such as operating tools,
product finishing painting, cutting welding,
etc. They are preferred in industries where the
same equipment can be used at different locations
for air supply. - Technological advancements have enabled companies
to manufacture portable air compressors which are
more compact in shape, have larger flow capacity,
are noise free, and more efficient than their
counterparts. These advancements in design have
increased product demand for more challenging
operations where stationary types were largely
preferred in the past. These trends will have a
positive impact on the overall portable air
compressor market. - Compressor usage is directly related to the
manufacturing trends in a region. As such, fast
growing economies such as China, India, South
Korea, Thailand, etc. have transformed into
lucrative markets for portable air compressor
manufacturers. Countries with mature
manufacturing industries such as the U.S.,
Germany, Japan, France, etc. will also account
for a significant share of the demand owing to
their high manufacturing outputs.
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3Continue-
- The market will undergo slow growth due to
fluctuation in oil prices. The typical lifetime
costs of air compressors are divided into its
maintenance costs, equipment installation, and
energy costs of which energy costs about 75.
This is due the high demand for fuel to run the
machines. Fluctuation in oil prices will lead to
increased costs for operating the machines which
in turn may hinder the portable air compressor
market growth. - Based on technology, the industry is segmented
into rotary and reciprocating the former being
further segmented into screw, scroll, and others.
Reciprocating portable compressors are used for
applications in the construction industry,
automotive aerospace sector, machine shops, and
many other industries. This segments market
value is likely to be over USD 800 million by
2024. - Based on lubrication, the industry is bifurcated
into oil free and oil filled. Oil filled portable
air compressors are used for applications where
quality of air supplied is not of prime
importance. They are used in mining,
construction, manufacturing, and energy sectors.
Market size of the segment is likely to exceed
USD 5 billion by 2024.
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5- North America is a key regional portable air
compressor market which is likely to gain by
around 4 CAGR. The U.S. automotive and
manufacturing sectors are the major end-users
followed by oil gas and construction
industries. The presence of several manufacturers
in North America has made the regional industry
more competitive.
- Some of the key portable air compressor
manufacturers include Atlas Copco, Sullair,
Gardner Denver, Ingersoll-Rand, Kaeser
Kompressoren, Doosan Portable Power, Rolair
Systems, Sullivan-Palatek, etc. Mergers and
acquisition strategies are common by industry
participants to increase their competitive edge.
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