Reciprocating Air Compressor Market and Regional Analysis (U.S., Canada, Germany, UK, France, Spain): 2018 – 2024
Huge manufacturing activities in the Asia Pacific region
led by China, and Latin America, led by Mexico will boost the portable
air compressor market in the next six years. China manufacturing
application is said to surpass USD 1.3 billion by the end of 2024 with a CAGR
of around 3.5%. Mexico portable air compressor market will surpass USD 350
million by the end of the 2024.
Portable air compressor market is driven by
its superior and handy features such as compact design, extreme portability and
light weight. These portable machines are hand-carried, wheel or utility
mounted and stand available in various characteristics such as single stages,
multi stages, oil-injected, etc. Rising use of these machines in the mining and
oil & gas sectors will drive the portable air compressor market, especially
in the Asia Pacific region.
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Portable
Air Compressor Market size will surpass USD 9 billion by 2024; according to a
new research report by Global Market Insights, Inc.
With
strong history in industrial and manufacturing activities, Asia Pacific, has
also grown increasingly in the construction industry. Most of the electric
tools used are operated using compressed air. Increasing residential and commercial
construction activities driven by increasing population and infrastructural
development will foster the portable air compressor market in the coming days.
Many
government agencies are setting up mandatory frameworks and ecological
requirements for industrial equipment with regards to greenhouse gas emissions
from compressors which are major sources of air pollution. One such example is
the European Union’s mandatory framework for any energy using industrial
equipment, which is responsible for greenhouse emissions. These regulations
have resulted in the development of energy-efficient compressors with better
pollution-control mechanisms. The higher costs of these newly developed movable
machines, is likely to negatively affect the portable air compressor market
growth during the forecast timeframe.
Reciprocating,
rotary, and centrifugal are the three major segments in which the portable air
compressor market has been segmented. The rotary segment is further bifurcated
into scroll, screw, root blower, vane, etc.
Oil flooded
and oil free are the two major segments by lubrication for the portable air
compressor market. Owing to huge industrial and heavy-duty activities in the
oil & gas, mining, quarrying, and construction works, oil injected air
compressor market is said to hold larger volume share. The segment will be
valued over USD 6.5 billion by 2024 by exhibiting a decent growth in the
forecast period.
Healthcare,
manufacturing, semiconductors & electronics, mining & quarrying, oil
& gas, food & beverages, and building & construction are some of
the end-user industries where portable air compressors find applications.
Growing healthcare needs round the world coupled with use of extreme portable
air compressors will boost the industry in the future years. Considering
volume, the segment is said to hold close to 20% market share by 2024.
Huge manufacturing activities in the Asia Pacific
region led by China, and Latin America, led by Mexico will boost the portable
air compressor market in the next six years. China manufacturing application is
said to surpass USD 1.3 billion by the end of 2024 with a CAGR of around 3.5%.
Mexico portable air compressor market will surpass USD 350 million by the end
of the 2024.
Portable air compressor market is fragmented and has
a number of players present in it. Some of the companies include Gardner
Denver, Vanair Manufacturing, Mat Holdings, Elgi Compressors, Quincy
Compressor, Doosan Portable Power, Atlas Copco, Belaire Compressors Hubei
Teweite Power Technology Company, Sullivan-Palatek, Ciasons Industrial, Kaeser
Kompressoren, Ingersoll-Rand, Rolair Systems, and Sullair to name a few.
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Market Insights, Inc.
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Reciprocating Air Compressor Market and Regional Analysis (U.S., Canada, Germany, UK, France, Spain): 2018 – 2024
Reviewed by GMI
on
May 15, 2018
Rating:
Reviewed by GMI
on
May 15, 2018
Rating:
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