Title: Air Compressor Market Trends Information and Competitive Landscape Scenario to 2026
1Air Compressor Market 2020-2026 Growth Forecast
Industry Share Report
- The demand for air compressors is expected to
spur considerably over the coming years, partly
due to its essential application across cold
storage facilities. Technological advancements
have led to the development of energy-efficient
air compressors that offer reduced maintenance
costs and have a lower impact on the environment. - Availability of compressors that come with
multiple configurations and provide a varied
range of supply pressures is aiding product
demand. While the advent of high-capacity,
portable air compressors that offer better
performance and versatility could fuel new
revenue proceeds in the industry. - According to a study led by Global Market
Insights, Inc., the air compressor market is
estimated to surpass US107.56 billion by 2026.
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2- The manufacturing sector is anticipated to amass
a noteworthy share to this growth owing to rising
demand for heavy-duty compressors that offer
higher air pressure capacity for running diverse
industrial applications. For the record,
centrifugal air compressors are mostly used
across such industrial operations. The product is
renowned for its high air power output and
pressure capacities. Notably, on the other hand,
oil gas, energy, construction and mining are
some other areas where air compressors are
gaining prominence.
- However, heavy duty models of air compressors are
usually expensive owing to their bulky nature,
manufacturing operational complexities and
higher efficiencies. Nevertheless, with
increasing investments aimed at driving new
construction and mining activities, the adoption
rate of such air compressors could spur
considerably over time.
- The food and beverage sector is also garnering a
major share in the air compressor market. Growing
consumer inclination towards packaged and
perishable food products has led to the demand
for efficient refrigerant compressors.
- For the record, air compressors are widely used
in the region across manufacturing processes like
industrial good machinery manufacturing.
Supportive government initiatives to augment
expansion of industrial hubs and manufacturing
plants are likely to favor product penetration
across LATAM.
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4- According to regional share, Latin America air
compressor market is expected to register a 3.4
CAGR between 2020 to 2026. Factors like easy
availability of low cost labor, raw materials,
and abundance of land have motivated
manufacturing industries to expand their business
capacity.
- Key players operating in the air compressors
market are Emerson, GMCC, Bitzer, Atlas Copco,
Sullair LLC, Gardner Denver, Inc., Kaeser
Kompressoren SE, Ingersoll-Rand plc, Rolair
Systems, Doosan Portable Power, Sullivan-Palatek,
Inc., Quincy Compressor, Vanair Manufacturing,
Inc., VMAC Company (VMAC Global Technology,
Inc.), Zen Air Tech Pvt. Ltd., Boge Compressors,
Bauer Compressors, Inc., Air Squared Inc
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