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The global air compressor market is being driven by the growing markets in regions like the Asia Pacific, North America, and Europe. The countries having a strong infrastructure in the oil and gas industry will prove to be the most lucrative markets for air compressors because the oil and gas industry is one of the larger contributors to the market. In this regard, therefore, over the forecast period, opportunities existing for the market in the Asia Pacific region will continue to be lucrative. The Asia Pacific is expected to witness further growth due to increased spending on industrialisation as well as infrastructure development. A large industrial base in China and Taiwan for semiconductors and electronics and the presence of screw compressors in India and China are projected to drive the market further.
The global air compressor market is expected to be driven by the new product launches and product diversification by the key players in the industry. In June 2020, Atlas Copco (OTCMKTS: ATLKY) launched the smallest portable air compressor in its class – the XAT 197 in India. The XAT 197 having a 450 CFM @ 150 PSI is the smallest compressor in this segment with high power to weight ratio. When compared to other compressors in its class, the XAT197 is a value for money compressor, with these features.
Market Analysis by Technology, Type, Lubrication, Power Rating, End Use, and Region:
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The major players in the global air compressor market are Atlas Copco, Bauer Group, BelAire Compressors, Cook Compression, Compressor Products International, Inc, Frank Technologies, Galaxy Auto Service Equipment Co. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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