Portable Air Compressor Market Development History, Current Analysis during 2019 - 2024

The Portable Air Compressor Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the Global Portable Air Compressor industry based on product segment, technology, end user segment and region.

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.

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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.

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 segment’s 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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Key application segments in the industry includes home food & beverage, appliances, oil & gas, semiconductor & electronics, energy, healthcare, manufacturing, and mining & construction. Food & beverage application segment’s market is likely to close to USD 250 million in 2024. The product is used in food & beverage packaging, cleaning, and processing activities.

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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