Global Portable Air Compressors Market 2018-2022
About Portable Air Compressors
A portable air compressor is a mechanical machine that increases air pressure by reducing its volume. Portable air compressors are easy to move from one application zone to another, as per the end-user industry's requirements.
Technavio’s analysts forecast the global portable air compressors market to grow at a CAGR of 3.86% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global portable air compressors market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of portable air compressors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Portable Air Compressors Market 2018-2022
Technavio recognizes the following companies as the key players in the global portable air compressors market Atlas Copco, Doosan Corporation, Gardner Denver, Hitachi, Ingersoll -Rand, and KAESER KOMPRESSOREN
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Transition to Tier 4 engine technology. In portable air compressors, emissions standards for engines and processes used is determined by the various Tier levels applicable to other engines also. These emissions are measured in terms of nitrogen oxides (NOx, carbon dioxide (CO2), non-methane hydrocarbons, and particulate matter. Tier 4-compliant portable air compressors incorporate superior engine technology, which includes an after-treatment exhaust and contains a special fluid that maintains the emissions nearly at zero. This technology is essential in industrial sites where there is a high amount of hazardous air pollutants released every year.”
According to the report, one of the major drivers for this market is Reduction in energy consumption and maintenance cost. The compressor industry is witnessing the introduction of several patented and innovative air compressor technologies in the market. The advances in portable air compressors are mostly related to enhancements in their design, which improves energy efficiency. Before 2013, one of most efficient compressor designs was the variable speed drive compressor. This type of compressor offers energy savings of nearly one-third compared with a traditional compressor with the same specifications.
Further, the report states that one of the major factors hindering the growth of this market is Uncertainty in global oil and gas prices. The oil and gas sector is one of the prominent end-users of portable air compressors. Any fluctuations in the prices of crude oil lead to demand-supply disparities, due to which, the market for products that deal with processing of the oil and gas is affected adversely. When oil prices rise, the utility of any equipment that operates on oil or petroleum is affected as it becomes costlier. Apart from changes in supply and demand, there are several other factors that determine global oil and gas prices.
Atlas Copco, Doosan Corporation, Gardner Denver, Hitachi, Ingersoll -Rand, and KAESER KOMPRESSOREN