Portable Air Compressor Market size worth over $8 Bn by 2026
Published Date: June 15, 2020 Authors: Kiran Pulidindi, Soumalya Chakraborty
Portable Air Compressor Market size is estimated to surpass USD 8 billion by 2026, according to a new research report by Global Market Insights, Inc.
Portable air compressor industry will showcase considerable growth owing to proliferating industrialization and rising investments in establishing manufacturing facilities across the globe. These compressors offer several advantages to users including compact versatility, multi-functional utility, provide air when & where user required it, among others. Additionally, ease in transportation, lower maintenance, and high energy efficiency are driving the usage of these compressors in wide range of industry applications.
Compressed air is essential for several job sites to power necessary tools. Several applications ranging from residential & commercial construction to demolitions and road maintenance, the usage of portable compressor is essential. Growing construction industry, mainly in emerging economies will support the market growth. Increasing urbanization coupled with rising per capita income are among major factors driving construction industry in emerging economies.
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Technology developments is key factor for surging portable air compressor sales
Ongoing technology advancements coupled with development of fuel efficient and one product with wide pressure range for usage in several applications will drive portable air compressor market growth. Fuel costs are one of the major costs in usage of compressors and development of technologies such as Pressure Adjusted through Cognitive Electronics (PACE) technology enabled user to minimize fuel costs. Portable air compressor manufacturers are launching such innovative products that can be used for several applications. PACE technology enabled user to enhance the fuel efficiency by up to 8%.
Browse key industry insights spread across 325 pages with 200 market data tables & 22 figures & charts from the report, “Portable Air Compressor Market Size By Technology (Rotary [Screw, Scroll], Reciprocating, Centrifugal), By Lubrication (Oil Free, Oil Filled), By Application (Housing applications, Food & Beverage, Oil & Gas, Energy, Semiconductors & Electronics, Manufacturing, Mining & construction, Healthcare, Municipal), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Rotary scroll air compressor market is expected to generate around USD 6 billion by 2026. These have fewer moving parts and generate lower torque vibrations as compared to reciprocating compressors, which enable operators to perform operations with lower noises. Stringent regulations such as Directive 2000/14/EC, pertaining to product noise emissions adopted by developed countries and update on these guidelines in March 2017 are expected to generate demand for lower noise compressors including scroll compressors.
Oil filled portable air compressor market segment is expected to grow at around 3.6% CAGR over the forecast timeframe. The growth is owing to its usage in several heavy-duty activities in commercial and industrial applications. Oil offer several advantages to compressors such as provide lubrication to moving parts, cool machine parts, provides sealing, and noise dissipation. However, these types of lubrication method required periodic monitoring and maintenance, thereby results in higher operating costs.
Changing lifestyle and growing demand for packaged food are driving compressor usage in food & beverage industry
Food & beverage application estimated to generate revenue over USD 265 million in 2026. Air compressors are widely used in food & beverage industry as it provides efficient and clean mode for food processing and packaging. Changing food habits and lifestyle of people coupled with growing trend of packaged foods will further supporting the market growth over the study timeframe.
Europe portable air compressor market will grow at around 2.5% CAGR through 2026. The growth is owing to the presence of several automotive, food & beverage, and other industry organizations in region. Additionally, rising presence of several industry players in the region to offer their products for wide range of customers through establishing their sales and marketing facilities will further support market growth. For instance, in March 2020, ELGi Compressors Europe, a subsidiary of ELGi, inaugurated its new European headquarter in Belgium.
Some of the key manufacturers operating in the portable air compressor industry are Atlas Copco AB, Ciasons Industrial, Kaeser Kompressoren, Gardner Denver, Ingersoll-Rand, ELGi, and others.
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