18-May-2021 | Zion Market Research
The global Air Compressor market accounted for USD 30.5 Billion in 2020 and is expected to reach USD 42.4 Billion by 2028, growing at a CAGR of 4.1% from 2021 to 2028.
The report analyzes air compressors market on a global and regional level. The study offers past data of 2016 along with forecast from 2021 to 2028 based on revenue (USD Billion). Review of market dynamics gives a brief thought about the drivers and restraints for the air compressors market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the air compressors market on a global level.
The report provides a clear outlook on the air compressors market. We have included a detailed competitive scenario and portfolio of prominent vendor’s caters in air compressors market. To understand the competitive landscape in the air compressors market, an analysis of Porter’s Five Forces model for the air compressors market has also been included. The study encompasses a market attractiveness analysis, wherein technology, lubrication type, application and regional segments are benchmarked based on their general attractiveness, market size, and their growth rate.
The study provides a decisive view on the air compressors by segmenting the market-based on technology, lubrication type, application, and regions. All the technology, lubrication type, application and regions segments of the air compressors market have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. Based on technology, the global air compressor market is bifurcated into reciprocating, rotary type and centrifugal compressors.
Oil filled ad oil free are the lubrication method segment of air compressor market. Application segment categorized into food & beverage, healthcare, home appliances, energy, oil & gas, electronics, manufacturing, and others. The regional segmentation comprises the current and forecast demand for Europe, Asia Pacific, North America, Latin America and Middle East & Africa with its further classification into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.
Asia Pacific air compressor market is expected to show strong growth on account of growing infrastructure spending and manufacturing facilities. Latin America along with the Middle East & Africa is expected to witness significant growth over the analysis period owing to an upcoming construction project in BRIC nation, growing awareness towards eco-friendly products and changing regulatory scenario.
The competitive profiling of key operating companies of air compressors market includes company overview and financial details, business strategies adopted by them, recent developments and product served by them which can help in assess competition in the air compressors market. The key dominant player’s operative in global air compressor market includes Atlas Copco, Ingersoll Rand, Chicago Pneumatic, GE Energy, Bauer Group and BelAire, Sulzer Ltd., Mitsubishi Heavy Industries, Sullair, Ebara Corp., KPCL, Elgi Equipment Ltd., Kobe Steel and VMAC amongst others.
Air Compressor market in Asia-Pacific is anticipated to depict huge growth prospects, owing to growing graph of consumption and heavy expenditure on advertisement and promotion of FMCG products. Substantially growing population with income levels in emerging economies, for example, China and India is also pushing the growth rate of the Air Compressor market in the region. Moreover, accessibility of industry specialists and skilled employees, low production cost, and government’s monetary support are supplementary factor that are motivating the development of the Air Compressor market. Earlier in 2019, North America was the main market player owing to the pre-existence of some of the industry giants in the region.
The report also includes detailed profiles of end players such Ball Corporation, Rexam PLC, Amcor Limited, Reynolds Group Holdings Limited, Saint-Gobain S.A., Tetra Laval International S.A. and Owens-Illinois, Inc.
Browse the full “Air Compressor Market By Technology (Reciprocating, Rotary, and Centrifugal), Lubrication Method (Oil Filled and Oil Free), By Application (Food & Beverage, Healthcare, Home Appliances, Energy, and Oil & Gas, Electronics, Manufacturing, and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/air-compressor-market
The report segments the Air Compressor market into:
By Lubrication Method
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