Air Compressor Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
Category: #reports  By Partha Ray  Date: 2019-01-09
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Air Compressor Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

Air Compressor Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 3% CAGR to 2024.

Air Compressor Market will likely surpass USD 40 billion by 2024. Increasing industrial activities will propel the air compressors market owing to their extensive use in various end-user industries which include manufacturing, oil & gas, electronics, food & beverages, and others. With robust industrial development in Asia Pacific since the past several years, the region has been generating enormous industrial output. Automotive and manufacturing industry is witnessing sharp growth owing to abundance of raw material and easy availability of labor. Increasing use of various machines for manufacturing purposes will fuel air compressor market demand in this region.

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Air compressors market is on a continuous technological development as machineries are gradually being developed with superior qualities to perform better. For the usage of up-to-date technology in products, these machineries are being preferred on rental basis other than their purchase. This factor will act as a restraint for the air compressor market as it can result in lowering sales of the product industry.

Air compressor market is segmented into stationary and portable on the basis of product. With a major share, stationary segment is said to surpass USD 29 billion by the end of the forecast period.

Centrifugal will surpass USD 35 billion by the end of 2024 to capture close to 40% of the entire air compressor market share. They have extensive industrial applications which need high capacity and larger discharge rates. With long run compatibility, the product needs very low maintenance.

Increasing security regulations and lowering the contamination levels in food will propel the oil-free air compressor market in the forecast period. The product also finds extensive application in healthcare industry for respiratory support systems and air ventilators. The segment will foresee exponential growth in the North American region owing to strict food regulations.

Increasing home appliances and electronics demand in the Asia Pacific region will drive the air compressor market demand in this region. The segment is said to surpass USD 5 billion by the end of the forecast period owing to its increasing usage in refrigeration systems, air conditioners, and other appliances.

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Mature industrial manufacturing and home appliance industry, owing to huge company production hubs located in this region will drive the Europe air compressor market at a steady rate in coming years. Increasing oil extraction and drilling activities in middle east will further propel the oil injected air compressor market demand in this region.

Key players in the air compressor market include Ingersoll-Rand, Kaeser Kompressoren, Atlas Copco, Vanair, VMAC Company, Zen Air, AireTex Compressors, Belaire Compressors, Ciasons Industrial, Quincy Compressor, Sullivan-Palatek, Oasis Manufacturing, and Hitachi Industrial Equipment Systems to name a few.

Table of Content:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Air Compressor Industry Insights

Chapter 4 Air Compressor Market, By Product

Chapter 5. Air Compressor Market, By Technology

Chapter 6. Air Compressor Market, By Lubrication

Chapter 7. Air Compressor Market, By Application

Chapter 8 Air Compressor Market, By Region

Chapter 9 Company Profiles

Read More: https://www.marketwatch.com/press-release/Smart-Elevators-and-Escalators-Market-to-surge-at-55-CAGR-to-Hit-7000-M-By-2023-2019-01-07

 

Related Report:

Oil-free Air Compressor Market Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024

Oil-free Air Compressor Market will surpass USD 14 billion by 2024; according to a new research report. Rising governmental regulations in several countries with regards to safeguarding the environment to mitigate the emission of harmful gasses and greenhouse effects that leads to ozone layer depletion, will propel the oil-free air compressor market. demand.

https://www.marketstudyreport.com/reports/oil-free-air-compressor-market/?utm_source=RR-PSR

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About Author

Partha Ray

Email: [email protected]   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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