Portable Air Compressor Market Valuation US$ 10 bn by 2026
The global portable air compressor market value is estimated reach around USD 10 billion by 2026 and will grow at CAGR above 3.7 % over the forecast time frame.
LOS ANGELES, June 13, 2019 (GLOBE NEWSWIRE) -- Acumen Research and Consulting announced a research study titled “Portable Air Compressor Market (By Technology: Reciprocating, Rotary [Scroll, Screw]; By Lubrication: Oil Filled, Oil Free; By Application: Food & Beverage, Building & Construction, Manufacturing, Oil & Gas, Semiconductor & Electronics, Energy, Mining & Construction, Municipal, Healthcare) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”.
Portable air compressor finds application in multiple sectors like manufacturing, health care, building & design, food & drink, and more of product. In the coming years, increased product usage due to the comfort of mobility will boost sector development. They are preferred everywhere the place of workstation is constantly changing or occasionally when more than one workstation uses a single compressor. They are also used in offshore activities like petroleum plants, construction projects, etc. where stationary types cannot be used.
The superior and convenient characteristics such as compact design and extreme portable portability and light weight drive the portable air compressor market. These mobile machines are installed hand-wheel or utility and have different features, such as individual phases, multi-phases, oil injection, etc., accessible for use. The growing use of these devices in the mining and petroleum and gas industries, particularly in the Asia-Pacific area, will drive the mobile air compressor industry.
Asia Pacific has also risen more and more in the building sector with its powerful history in the agricultural and production sectors. The majority of electrical instruments used are operated by compressed air. The mobile air compressor market will be promoted by growing housing and commercial operations driven by an increased population and infrastructure growth in the coming days.
Many government agencies have set compulsory frameworks and ecological criteria for industrial machinery for greenhouse gas emissions from air pollution compressors. One instance is the compulsory European Union energy-use framework, which accounts for greenhouse emissions, for industrial machinery. These regulations led to the growth of more pollution control systems for energy-efficient compressors. The greater expenses of these newly developed mobile devices are expected to have a negative effect on the market growth of mobile air compressors during the timeframe.
The three main sectors in which the mobile air compressor markets are segmented are reciprocal, rotary, and centrifugal. The rotating section is further bifurcated in screws, screws, blisters, vanes, etc. The two main grading sections for the mobile air compressor industry are oil-flooded and oil free.
Oil injection air compressor markets are alleged to have bigger volume shares, given the vast industrial and heavy duty operations in oil & gas, mining, quarries and construction. Based on reasonable development in the forecast period, the segment is valued over USD 6.9 billion by 2026.
In future years, the sector will be boosted by growing healthcare requirements around the globe and the use of extremist mobile air compressors. The segment should hold nearly 20% market share by 2026 in terms of quantity.
In the next six years, the mobile air compressor industry will be strengthened by massive manufacturing operations under China and Latin America in the Asian Pacifical Region under Mexico. By end 2024, China's request for production is expected to exceed USD 1,3 billion with CAGR of approximately 3,5%. By the end of 2026, Mexico is set to surpass the mobile air compressor market by USD 350 million.
Key Players & Strategies
Some key market players are Hubei Teweite Power Technology Company, Mat Holdings, Atlas Copco, Kaeser Kompressoren, Doosan, Sullair, Ingersoll-Rand, Ciasons Industrial, Gardner Denver, Elgi, Rolair Systems, Quincy, Sullivan-Palatek, Vanair Manufacturing, and Belaire.
New product development and innovation is a shared approach taken by producers to achieve a competitive edge compared to other providers. For example, Atlas Copco lately launched a mobile electric compressor line that helps reduce power expenses by up to 50% and reduces fuel savings annually. These intelligently designed electric compressors protect low cost of ownership and enhanced environmental pathways.
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