Portable Air Compressor Market Size By Technology (Rotary [Screw, Scroll], Reciprocating), By Lubrication (Oil Free, Oil Filled), By Application (Building & Construction, Food & Beverage, Oil & Gas, Energy, Semiconductor & Electronics, Manufacturing, Healthcare [Medical, Dental], Mining & Construction, Municipal), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2024
Portable Air Compressor Market will likely surpass USD 7 billion by 2024; according to a new research report.
Portable air compressor market would witness a significant progress in the upcoming years due to the advancements in the manufacturing industry. This is owing to the use of the product in various manufacturing operations as a source of energy. It is used in conveyor systems, control air tools, operations of production lines, metal finishing process, welding procedures, etc. Emerging nations like China, India, Indonesia, etc. have witnessed high manufacturing activities in the past decade. Hence, Asia Pacific would be a significant regional portable air compressor market in the coming years.
Developments in the food & beverage industry would enhance the demand in the portable air compressor market. This is owing to its extensive usage in vending machines, packaging machines, ozone generators, bakeries etc. The product offers clean air with low maintenance cost making it apt for this industry. But problems like generation of noise pollution and limited efficiency could restrict the portable air compressor market growth over the study period.
Reciprocating technology in the portable air compressor market would attain a revenue of more than USD 800 million over the forecast timeframe owing to its cost effectiveness. Hence, such products are suitable for small and medium sized end-users. It is known for its efficiency and low maintenance requirement. This technology uses a crankshaft-driven piston and cylinder to compress the air. Such unique properties of this segment would drive the demand in portable air compressor market.
Oil free segment in the portable air compressor market is gaining popularity due to their light weight and supply of high-quality air. This product is used in industries which require uncontaminated air supply like food & beverage, pharmaceutical, hospitals etc. Other benefits offered by the product are lower energy cost, low harmful emissions, cost-efficiency and reliability. Hence, the CAGR of this segment will be around 4.5% during the study period.
The food & beverage application would be valued at more than USD 250 million by the end of the study period. This is owing to its high requirement of contamination free air for various purposes like product packaging, food & beverage filling equipment, nitrogen generation, mixing and movement, closing and checking devices etc. Mining & construction is another significant application segment in the portable air compressor market which would propel at a significant growth rate. The product would be an ideal fit for this application as it provides continuous air flow with less maintenance cost.
North America would grow at a rate of around 4% over the study period due to growing automotive and oil & gas sector in this region. U.S. has the highest share in this region due to strong presence of major product manufacturers. Increasing oil & gas exploration activities in North America will positively influence the regional portable air compressor market over the coming years.
Major companies of the portable air compressor market are Ingersoll-Rand, Gardner Denver, Kaeser Kompressoren, Hubei Teweite Power Technology Company, Atlas Copco, Ciasons Industrial etc.
Portable air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2013 to 2024, for the following segments:
Portable Air Compressor Market by Technology
Portable Air Compressor Market by Lubrication
Portable Air Compressor Market by Application
Food & beverage
Oil & gas
Semiconductor & electronics
Mining & construction
The above information is provided on a regional and country basis for the following:
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