Categories: Manufacturing and Construction
Compressors are mechanical compression devices that deliver air or gas in a sealed environment at expected pressure. An air compressor compresses and pressurises air to convert mechanical energy to kinetic energy. The pressure in a storage tank is raised by pumping more and more air into it. When the pressure in the tank reaches its maximum, the compressor shuts down. The energy is stored in the tank as compressed air, which may then be converted into usable electricity for a variety of purposes.
GLOBAL AIR COMPRESSOR MARKET DYNAMICS
Increasing use of variable-speed systems, oil-free lubrication procedures, and rising popularity of portable energy efficient models are key drivers boosting demand for air compressors in the near future.
During the anticipated period, government restrictions governing noise levels and greenhouse gas emissions from air compressors will be a major roadblock for this market.
GLOBAL AIR COMPRESSOR MARKET TRENDS, BY PRODUCT
Portable and stationary products make up the market segmentation by product. Because the sites are continually being changed, portable machinery are used in oil and gas exploration, construction, and mining. In the anticipated time, these industries will aid the air compressor market's growth.
Stationary air compressors are widely utilized in industries such as manufacturing, home appliances, and automobiles, which would boost demand for stationery air compressors over the forecast period.
GLOBAL AIR COMPRESSOR MARKET TRENDS, BY TECHNOLOGY
The three types of technological segmentation are rotary, reciprocating, and centrifugal. Air compressors of the rotary type are commonly employed in manufacturing and heavy industrial applications, whereas reciprocating air compressors are used in the oil and gas industry. However, rotary compressors will soon overtake reciprocating compressors in terms of market share, due to its superiority in terms of efficiency, power, and noise reduction.
GLOBAL AIR COMPRESSOR MARKET TRENDS, BY LUBRICATION
The segment is classified into two types based on lubrication: oil-free and oil-filled. Demand for oil-filled air compressors is driven by heavy-duty job activities such as oil extraction, drilling, and mining. In the anticipated period, the market would be driven by rising oil extraction operations in the Middle East, North America, and Asia-Pacific.
In the food and beverage industries, oil-free compressors are used to avoid oil contamination of the product. In the anticipated term, demand for oil-free air compressors would rise due to the food and beverage and healthcare industries.
GLOBAL AIR COMPRESSOR MARKET TRENDS, BY END-USE INDUSTRY
Home appliances, food & beverage, oil & gas, manufacturing, healthcare, and others are the end-use industries segmented. The food and beverage business has had great growth in recent years and is projected to continue this trend in the next years. In a region like Asia-Pacific, policy liberalization in the food and beverage and electronics industries, particularly in India, has created demand for energy efficient air compressors in a variety of ways.
Due to the high efficiency, low noise, and higher precision of the newer compressors, the home appliances and health care industries will also increase the market for oil free air compressors throughout the anticipated period.
GLOBAL AIR COMPRESSOR MARKET TRENDS, BY REGION
Due to expanding manufacturing facilities and infrastructure investment in developing nations like as China and India, the Asia-Pacific air compressor market is predicted to rise rapidly. Due to increased availability of labour and raw materials, changing regulatory scenarios, and growing awareness of eco-friendly products, Latin America and the Middle East and Africa are predicted to rise significantly throughout the forecasted period. Due to end-use sector saturation, the air compressor markets in North America and Europe are expected to increase at a fairly low rate.
COMPETITIVE LANDSCAPE IN THE GLOBAL AIR COMPRESSOR MARKET
Atlas Copco, Ingersoll-Rand, Elgi Equipments, Kobe Steel, Siemens, Frank Technologies, Bel Aire Compressors, VMAC Company, Oasis Manufacturing, Ingersoll Rand, Bauer Group, Best Aire LLC, Grainger Company, Airtex Compressors, and Sullair are just a few of the major competitors in the market.
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