Air Compressor Market is expected an elevation of USD 32.06 billion by 2030, witnessing a CAGR of 3.6% from 2021-2030

The Global Air Compressor Market size valued to USD 21.55 billion in 2019, is expected an elevation of USD 32.06 billion by 2030, witnessing a CAGR of 3.6% from 2020-2030.

Air compressors are devices that by utilizing electric motors or diesel engine or gasoline engines, converts power into potential energy, stored in compressed air. The kinetic energy of compressed air further employs to carter the energy requirements for a variety of applications like various equipment, tools, and machineries across different industry verticals. Air compressors assist various operations like vacuum packaging, air blowing, tool powering, spray painting, cleaning, dehydrating, as well as in transportation of fluids, manufacturing of petrochemical products, in medical equipment, cooling applications and operating pneumatically based machineries.

The global air compressor market garnered 10,181.5 thousand units in 2019, and is expected to grow by 14,859.4 thousand units till 2030, witnessing a CAGR of 3.4% from 2020-2030.

Access Full Description of this report at:-

https://www.nextmsc.com/report/air-compressor-market

Competitive Landscape

The highly competitive air compressor market consists of a various market player. Some of the major market players include AireTex Compressor, Bauer Group, Atlas Copco, BelAire Compressors, Cook Compression, Frank Compressors, Compressor Products International (CPI), Galaxy Auto Service Equipment Co. Ltd., Gast Manufacturing, Inc., Ingersoll Rand Plc, GENERAL ELECTRIC, MAT Industries, LLC, Kaeser Compressors and Sullair LLC. among others.

The technological advancements, collaborations among market players, as well as new product launches, are fostering the growth of global air compressors market, paving the ways for new opportunities.

For instance, in April 2019, the very well-known manufacturer of the air compressor market, Sullair LLC., introduced its 260 Series portable lubricated rotary screw air compressors for Tier 3 markets. The 260 Series diesel compressors powered by a turbo-charged Tier 3 emissions compliant Kubota V3307 engine, featured two pressure options viz.: 7.36 m3/min at 6.9 bar (260 cfm at 100 psi) or 5.66 m3/min at 6.9 or 10.3 bar (200 cfm at 100 or 150 psi).

Besides, in March 2020, Ingersoll Rand Industrial Plc finalized its merge with the Gardner Denver Ltd. to become a global leader in mission-critical flow creation and industrial technologies. The merger aims at strengthening the industrial technologies and services by generating new pressure-vacuum solutions, reinforcing the power tools, providing high-pressure solutions, as well as boosting the specialty vehicle technologies.

Request sample copy of this report at:-

https://www.nextmsc.com/Air-Compressor-Market/request-sample

Market Segmentations and Scope of the Study:

The global air compressor market share analysis is based on type, technology, lubrication method, power rating, end user and geography.

Based on compressor type, the market is segmented into portable and stationary. Based on technology, the market is classified into reciprocating, rotary, and centrifugal. Based on lubrication, the market is bifurcated into Oiled and Oil-free. Based on power rating, the market is divided into 0-100 kW, 101-300 kW, 301-500 kW, as well as 501 kW and above. Based on end user, the market is categorized into food & beverage, oil & gas, manufacturing, medical, power generation, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America denotes a higher adoption of air compressors and it is anticipated hold the highest market share, dominating the global air compressor market throughout the forecast period. This is attributable to factors including presence of advanced technology, high disposable income and growing demand of household appliances.

It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing air compressor market size owing to increase in industrialization, urbanization, as well as wide applications of air compressors in various industry verticals.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.