Home > HVAC & Construction > Portable Air Compressor Market
Portable Air Compressor Market size surpassed USD 1.42 billion in 2020 and is estimated to exhibit 7.6% CAGR from 2021 to 2027. The global industry shipments are predicted to cross 10.27 million units by 2027. The growing demand at construction sites and manufacturing sector will drive the industry growth.
Ongoing technological advancements in the field of air compressors will further boost product penetration. In May 2017, Kaeser Compressor redesigned its FSD series portable rotary screw compressor, which can reduce the energy costs by about 26% from the previous model. Atlas Copco introduced E-Air range of portable compressors from 250 cfm to 1,100 cfm, for underground tunneling or mining applications.
To get more details on this report: Request Free Sample PDF
Another key growth enabling factor is the rising industrialization in Asia Pacific over the recent years. China, South Korea, India, and Japan have showcased a significant growth in terms of industrial output, which can be attributed to the availability of cheap labor & material, favorable government policies, and higher demand for commodity in the region. China recorded a robust growth in terms of the total industry value added from 2017 to 2020, towing to its well-established manufacturing base and competitive business environment, compared to other regions.
Although the industry is witnessing a substantial growth, the adverse impacts of coronavirus on the compressor sector have slowed down the industry development in 2020. The disruption in mining & construction activities together with a decline in the manufacturing output of major countries has hampered the sales of portable air compressor globally. Restrictions on international trade and prevailing social distancing norms have forced top companies to partially shut down their operations, negatively impacting the portable air compressor market growth.
|Market Size in 2020:||1,421.6 Million (USD)|
|Forecast Period:||2021 to 2027|
|Forecast Period 2021 to 2027 CAGR:||7.6%|
|2027 Value Projection:||2,366 Million (USD)|
|Historical Data for:||2017 to 2020|
|No. of Pages:||285|
|Tables, Charts & Figures:||513|
|Segments covered:||Technology, Lubrication, Application and Region|
|Pitfalls & Challenges:|
To get details on how to order this report click here
The rotary screw compressors segment is set to generate around USD 1.5 billion revenue by 2027. The trending usage of energy-efficient and high-power air compressors will augment the demand for rotary screw segment. Majority of portable rotary screw compressors are available in oil-injected form than oil-free models due to the higher costs and preference to rent oil-free compressors in various countries.
Oil-filled compressors segment is anticipated to register growth rate of above 7.5% in the global portable air compressor market from 2021 to 2027. This equipment mainly find their usage in rough applications including mining & quarrying, construction, and industrial sectors. The matured oil & gas industry in the U.S. and growing industrialization in emerging economies of Asia Pacific are projected to enhance the demand for oil-filled products during 2017 to 2027.
To tailor this report to your specific requirements: Customize this Report
In 2020, the semiconductor & electronics sector accounted for nearly 290 thousand units and is expected to see strong growth through 2027. The product is utilized for a variety of applications such as operation of sensitive valves and in cleaning printed circuit after production or during servicing. To avoid high maintenance & production shutdown due to oil contamination, semiconductor companies only utilize oil-free compressors. The rising production of electronics in China, Japan, Taiwan, and South Korea, will increase the product demand in the Asia Pacific semiconductor & electronics sector.
To check discounted pricing for this report: Request Discount
Asia Pacific is likely to capture more than 50% of the portable air compressor market share by 2027. The growing industrial output of automotive, electronics, food & beverages, and medical industries is estimated to foster the regional market demand. Increasing need for high-quality air for various purposes including energy storage & transmission and process air will propel the need for various types of portable air compressor across industries.
The global portable air compressor industry is moderately fragmented with the presence of small to medium scale manufacturers. The key manufacturers include Atlas Copco, Doosan, Gardner Denver, Kaeser, Ingersoll Rand, and Hitachi. These companies utilize various strategic initiatives, such as new product launches, capacity expansion, mergers & acquisitions, and geographical expansion, to remain competitive in the market.
Industry players are focusing on the development of new solutions, such as silent, energy efficient & electrically powered portable compressors, for meeting the ever changing demand for end-users.
Click here to buy sections of this report
Market, by Technology
Market, by Lubrication
Market, by Application
The above information has been provided on a regional and country basis for the following: