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Thursday, August 12, 2021

Global Air Compressor Market to be Driven by Increase in the Adoption of Robust and Energy-Efficient Equipment in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Air Compressor Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global air compressor market, assessing the market based on its segments like type, technology, lubrication, power rating, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 27,155.36 million
• Forecast CAGR (2021-2026): 4.56%
• Forecast Market Size (2026): USD 20,780.68 million

During the forecast period, factors such as the developing oil and gas industry, particularly gas production in countries such as the United States, China, and India, as well as rising global energy consumption, are likely to drive the air compressor market. Furthermore, air conditioners are a big user of air compressors. Sales of air conditioners have propelled the market for air compressors as worldwide living standards have improved. Positive displacement air compressors are expected to have a large market share in the foreseeable future, owing to their widespread use in a variety of expanding sectors.

Industry Definition and Major Segments

An air compressor is a device that converts mechanical energy into potential energy, which is then stored as airtight pressure. By using a different approach, an air compressor pushes more and more air into a storage tank, increasing the pressure.

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The industry can be broadly categorised on the basis of type into:

• Portable
• Stationary

The industry can be divided based on technology into:

• Reciprocating/Piston Compressor
• Rotary/Screw Compressor
• Centrifugal Compressor

The industry can be divided based on lubrication into:

• Oiled
• Oil-Free

The industry can be classified based on power rating into:

• 0-100 kW
• 101-300 kW
• 301-500 kW
• 501 kW and Above

The industry can be divided based on end-use into:

• Manufacturing
• Semiconductors and Electronics
• Food and Beverage
• Healthcare/Medical
• Home Appliances
• Energy
• Oil and Gas
• Others

The global regions for air compressor market include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The air compressor market is predicted to develop due to technological advancements in air compression techniques, which have a significant impact on the equipment’s compression capabilities. The adoption of more durable and energy-efficient equipment is likely to boost demand for air compressors. High-powered and effective air compression equipment is frequently developed using sophisticated technology and extensive technical experience. As a result, the air compressor industry’s market growth is projected to be hampered in the next years by high installation and maintenance costs. Over the projection period, a growth in development activities in Asia Pacific, Latin America, the Middle East, and Africa is expected to present manufacturers with attractive business possibilities.

Key Market Players

The major players in the market are Atlas Copco, Bauer Group, BelAire Compressors, Cook Compression, Compressor Products International, Inc, Frank Technologies Pvt Ltd, Galaxy Auto Service Equipment Co. Ltd., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Expert Market Research
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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