Portable Air Compressor Market size to exceed $7bn by 2024

Portable Air Compressor Market size will surpass USD 7 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Portable air compressors are used in many industrial applications such as operating tools, product finishing & painting, cutting & welding, etc. They are preferred in industries where the same equipment can be used at different locations for air supply. Technological advancements have enabled companies to manufacture portable air compressors which are more compact in shape, have larger flow capacity, are noise free, and more efficient than their counterparts. These advancements in design have increased product demand for more challenging operations where stationary types were largely preferred in the past. These trends will have a positive impact on the overall portable air compressor market.

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Compressor usage is directly related to the manufacturing trends in a region. As such, fast growing economies such as China, India, South Korea, Thailand, etc. have transformed into lucrative markets for portable air compressor manufacturers. Countries with mature manufacturing industries such as the U.S., Germany, Japan, France, etc. will also account for a significant share of the demand owing to their high manufacturing outputs.
 

U.S. Portable Air Compressor Market Size, By Application, 2013 - 2024 (USD Million)
Portable Air Compressor Market

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The market will undergo slow growth due to fluctuation in oil prices. The typical lifetime costs of air compressors are divided into its maintenance costs, equipment & installation, and energy costs; of which energy costs about 75%. This is due the high demand for fuel to run the machines. Fluctuation in oil prices will lead to increased costs for operating the machines which in turn may hinder the portable air compressor market growth.
 

Browse key industry insights spread across 210 pages with 266 market data tables & 29 figures & charts from the report, “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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/portable-air-compressor-market

 

Based on technology, the industry is segmented into rotary and reciprocating; the former being further segmented into screw, scroll, and others. Reciprocating portable compressors are used for applications in the construction industry, automotive & aerospace sector, machine shops, and many other industries. This segment’s market value is likely to be over USD 800 million by 2024.
 

Based on lubrication, the industry is bifurcated into oil free and oil filled. Oil filled portable air compressors are used for applications where quality of air supplied is not of prime importance. They are used in mining, construction, manufacturing, and energy sectors. Market size of the segment is likely to exceed USD 5 billion by 2024.
 

Key application segments in the industry includes home food & beverage, appliances, oil & gas, semiconductor & electronics, energy, healthcare, manufacturing, and mining & construction. Food & beverage application segment’s market is likely to close to USD 250 million in 2024. The product is used in food & beverage packaging, cleaning, and processing activities.
 

North America is a key regional portable air compressor market which is likely to gain by around 4% CAGR. The U.S. automotive and manufacturing sectors are the major end-users followed by oil & gas and construction industries. The presence of several manufacturers in North America has made the regional industry more competitive.
 

Some of the key portable air compressor manufacturers include Atlas Copco, Sullair, Gardner Denver, Ingersoll-Rand, Kaeser Kompressoren, Doosan Portable Power, Rolair Systems, Sullivan-Palatek, etc. Mergers and acquisition strategies are common by industry participants to increase their competitive edge.
 

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Portable air compressor market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2013 to 2024, for the following segments:

Portable Air Compressor Market, By Technology

  • Rotary
    • Screw
    • Scroll
    • Others
  • Reciprocating

Portable Air Compressor Market, By Lubrication

  • Oil free
  • Oil filled

Portable Air Compressor Market, By Application

  • Home appliances
  • Food & beverage
  • Oil & gas
  • Energy
  • Semiconductor & electronics
  • Manufacturing
  • Healthcare
  • Mining & construction
  • Municipal
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC

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