Global Air Compressor Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The Global Air Compressor Market presented a growth of USD 31.86 billion by the year 2021 and is expected to reach USD 36.8 Billion in 2022 and is expected to reach USD 55.98 billion by the end of 2030 at a compound annual growth rate of 5.5% during the forecast period.

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Air Compressor Market: Overview

Demand for various air compressors that help in increasing the efficiency of the operations and also bring better output will lead to the growth of the air compressors market in the coming years. When there is a need for robust compressors Rotary compressors are manufactured that have oil-filled lubrication and this will help in the growth of the market during the forecast period.

Most manufacturers across the globe are engaged in increasing the production of air compressors that are oil-free as it happens to be sustainable and environmentally friendly. In industries that need cost-effective and lightweight air compressors, such air compressors shall help meet the demands.

Air Compressor Market: Growth Factors

In order to have technologically advanced products, most manufacturers are engaged in providing new technology. These manufacturers are engaged in providing air compressors that will provide better output. The high performance of the air compressors will provide major opportunities for the growth of the market during the forecast period. Depending upon the need, various industries seek oil-filled or oil-free compressors.

As the manufacturing sector has grown well the increased use of equipment and machinery will create more demand for their compressors. As the need for renewable resources and crude oil has also increased in recent years the need for air compressors will continue to grow. With the consumption of about 95 million barrels worldwide, the need for air compressors will increase.

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The demand for Rotary compressors will grow in the coming years as they are more reliable and efficient. The rules and regulations that are imposed by various governments in different regions support the standards of energy optimization which will create more demand for air compressors.

Air Compressor Market: Recent Development

A) STERI Was acquired by Atlas Copco in the year 2021. This organization provides air compressors in many regions of Italy.
B) Air dimensions were acquired by Ingersoll Rand India in 2021 the acquisition was worth U.S. dollar 70.5 million. air dimensions manufacturers and designs the pumps like the vacuum diaphragm and sells them for environmental applications in sustainable markets.

Press Release For Air Compressor Market:
https://www.custommarketinsights.com/press-releases/air-compressor-market/

Air Compressor Market: Regional Insights

The maximum share will be held by the Asia Pacific region during the forecast period. In the past, this region has held the maximum share of the market in terms of revenue and it will continue to grow well in the coming years.

As the investments from the government in this region are increasing which help in rapid industrialization and the development of infrastructure this will play an important role in the growth of the market. Increased use of air compressors in the home appliances, manufacturing, gas, and oil industries and the food industry, as well as the beverages industry, will lead to major growth in the market.

Many manufacturers of air compressors are present in the nations like China and India. As there has been growth in the manufacturing industries in the nations like Taiwan and China the market will continue to grow well in the coming years. As the consumption of electronics has also increased to a great extent the demand for air compressors will continue to grow well in the coming year.

Air Compressor Market: Key Players

Aerzener Maschinenfabrik GmbH
Ciasons Industrial Inc.
Desran Compressor (Shanghai) Co., Ltd.
Doosan Corporation (Doosan Infracore Portable Power )
Atlas Copco AB
Berkshire Hathaway Inc. (Campbell Hausfeld)
Ebara Corporation
Elgi Equipments Limited
Gardner Denver Holdings, Inc.
Hitachi, Ltd. ( Sullair, LLC)
Indo-Air Compressors Pvt. Ltd.
NINGBO XINDA GROUP CO., LTD (AUGUST Screw Air Compressor)
Stanley Black & Decker Corporation (Porter Cable)
Suzler Ltd
Ingersoll-Rand plc
Kirloskar Pneumatic Company Limited
Kobe Steel, Ltd.
Mitsubishi Heavy Industries Ltd.
VMAC Global Technology Inc

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The Air Compressor Market is segmented as follows:

By Mode of Operation

Reciprocating
Rotary
Centrifugal

By Type

Portable
Stationary

By Lubrication

Oil filled
Oil-free

By Application

Food and beverages
Manufacturing
Healthcare
Electronic and semiconductors
Home appliances
Oil and gas
energy
Others

On the basis of Geography

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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This release was published on openPR.