Selbyville, Delaware, Nov. 10, 2020 (GLOBE NEWSWIRE) -- As per authentic estimates, worldwide air compressor market generated revenues worth USD 16.2 billion in 2019 and is anticipated to expand significantly through 2025. The growth can be attributed to increasing awareness pertaining to availability of high-quality compressed air solutions and favorable regulatory scenario regarding energy conservation.
The document also evaluates several market segmentations which are primarily based on technology type, end-user scope, product landscape, and regional outlook. In addition, a detailed SWOT analysis, alongside a thorough Porter’s Five Forces analysis of prominent companies that formulate the competitive outlook of this business vertical is elucidated, further allowing for effective decision making during investment assessment.
Introduction of strict environment regulations along with mandatory FDA standards for food safety have impelled the demand for air compressors across the globe, which in turn is paving the way for the overall market growth.
Flourishing automobile sector and technological advancements are additional factors which are fueling global air compressor market size. These innovations have resulted in development of air compressors with reduced maintenance costs.
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Apart from this, consumer inclination towards adopting eco-friendly compressed air solutions along with increasing popularity of portable devices are facilitating the overall business scenario.
Evaluating the impact of COVID-19
The unexpected Coronavirus outbreak has forced worldwide governments to enforce temporary lockdowns, which in turn has resulted in disruption of manufacturing and supply chain processes, subsequently resulting in monetary repercussions among industry participants.
Regardless, global air compressor market is expected to witness considerable growth post COVID-19 pandemic, primarily due to availability of advanced technologies, rising adoption of household appliances, and growing per capita income.
Summarizing the market segmentations
In terms of technology type, global air compressor industry is split into centrifugal, rotary, and reciprocating. The end-user scope of the market consists of food & beverage, oil & gas, healthcare, manufacturing, and others. Based on product landscape, the industry is bifurcated into stationary and portable.
From the regional point of view
Worldwide air compressor market is segmented into Americas, Europe, and Asia-Pacific. The report primarily focuses on countries such as Canada, United States, Mexico, Brazil, France, Germany, South Korea, India, Japan, and China in order to assess their impact on the overall business dynamics.
According to industry analysts, Asia-Pacific air compressor industry size is estimated to grow substantially during the study duration. Focus among major companies towards establishing production units in China and India is a prime factor complementing the business outlook in Asia-Pacific.
Easy availability of low cost labor as well as raw materials along with abundance of land have resulted in rapid expansion of the regional manufacturing sector, in turn positively impacting Asia-Pacific air compressor industry trends.
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Highlighting the competitive scenario
The competitive landscape of global air compressor market is defined by companies such as Danfoss, Hitachi Ltd., Sullivan-Palatek Inc., Emerson Electric Co., DeWalt Industrial Tool Co., Siemens AG, Kaeser Kompressoren SE, Elgi Equipments Ltd., Ingersoll Rand Inc., and Atlas Copco among others.
Global Air Compressor Market by Technology Type (Revenue, USD Million, 2015-2025)
- Centrifugal
- Rotary
- Reciprocating
Global Air Compressor Market by End-user Scope (Revenue, USD Million, 2015-2025)
- Food & Beverage
- Oil & Gas
- Healthcare
- Manufacturing
- Others
Global Air Compressor Market by Product Type (Revenue, USD Million, 2015-2025)
- Stationary
- Portable
Global Air Compressor Market Regional Scope (Revenue, USD Million, 2015-2025)
Americas
- Canada
- United States
- Brazil
- Mexico
Europe
- France
- Germany
Asia-Pacific
- South Korea
- India
- Japan
- China
Global Air Compressor Market Competitive Analysis (Revenue, USD Million, 2015-2025)
- Danfoss
- Hitachi Ltd.
- Sullivan-Palatek Inc.
- Emerson Electric Co.
- DeWalt Industrial Tool Company
- Siemens AG
- Kaeser Kompressoren SE
- Elgi Equipments Limited
- Ingersoll Rand Inc.
- Atlas Copco
Table of Contents
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Air Compressor Market: Product Overview
4. Global Air Compressor Market: Sizing, Growth and Forecast
4.1 Market Size, By Value, Year 2015-2019
4.2 Market Size, By Value, Year 2020-2025
4.3 Impact of COVID-19 on Global Air Compressor Market
4.4 Global Economic & Industrial Outlook
5. Global Air Compressor Market Segmentation, By Technology
5.1 Global Air Compressor Market: Segment Analysis
5.2 Competitive Scenario of Global Air Compressor Market: By Technology (2019 & 2025)
5.3 By Reciprocating Market Size and Forecast (2015-2025)
5.4 By Rotary- Market Size and Forecast (2015-2025)
5.5 By Centrifugal Market Size and Forecast (2015-2025)
6. Global Air Compressor Market Segmentation, By End User
6.1 Global Air Compressor Market: Segment Analysis
6.2 Competitive Scenario of Global Air Compressor Market: By End User (2019 & 2025)
6.3 By Manufacturing Market Size and Forecast (2015-2025)
6.4 By Healthcare Market Size and Forecast (2015-2025)
6.5 By Oil & Gas Market Size and Forecast (2015-2025)
6.6 By Food & Beverage Market Size and Forecast (2015-2025)
6.7 By Others Market Size and Forecast (2015-2025)
7. Global Air Compressor Market Segmentation, By Product Type
7.1 Global Air Compressor Market: Segment Analysis
7.2 Competitive Scenario of Global Air Compressor Market: By Product Type (2019 & 2025)
7.3 By Portable Market Size and Forecast (2015-2025)
7.4 By Stationary Market Size and Forecast (2015-2025)
8. Global Air Compressor Market: Regional Analysis
8.1 Competitive Scenario of Global Air Compressor Market: By Region (2019 & 2025)
9. Americas Air Compressor Market: An Analysis
9.1 Americas Air Compressor Market: Size and Forecast (2015-2025)
9.2 Americas Economic and industrial Statistics
9.3 Americas Air Compressor MarketA? Prominent Companies
10. Europe Air Compressor Market: An Analysis
10.1 Europe Air Compressor Market: Size and Forecast (2015-2025)
10.2 Europe Economic and industrial Statistics
10.3 Europe Air Compressor MarketA? Prominent Companies
11. Asia Pacific Air Compressor Market: An Analysis
11.1 APAC Air Compressor Market: Size and Forecast (2015-2025)
11.2 APAC Economic and industrial Statistics
12. Global Air Compressor Market Dynamics
13. Market Attractiveness
14. Competitive Landscape
Related Report:
Industrial Air Compressor Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026
Industrial Air Compressor Market is expected to surpass USD 24 billion by 2026, as per new research report. Increase in manufacturing activities in most of the developing economies will bolster the overall industry size. Industrial air compressors are extensively used in majority of the industrial usages such as for powering pneumatic equipment & tools, cleaning purposes, for supplying compressed air, etc. They are incorporated in automobiles, mining and agriculture and are used in almost all manufacturing activities around the globe. These industrial compressors will witness a steady growth in its consumption owing to its varied area of application. A heightened expanse in the mining and oil exploration activities are fueling the need for industrial air compressors around the globe.
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