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Global Air Compressor Market is Expected to Grow at a CAGR of 4.56% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Air Compressor Market Report and Forecast 2022-2027’, the global air compressor market attained a value of USD 20,780.68 million in 2020. The market is further expected to grow at a CAGR of 4.56% in the forecast period of 2022-2027 to reach a value of USD 27,155.36 million by 2026.

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 AB (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:

  • Based on technology, the industry can be divided into reciprocating/piston compressor, rotary/screw compressor, and centrifugal compressor.
  • The market on the basis of type can be divided into portable and stationary.
  • On the basis of lubrication, the industry can be divided into oiled and oil-free.
  • Based on power rating, the market can be divided into 0-100kW, 101-300kW, 301-500kW, and 501kW and above.
  • By end use, the market is segmented into manufacturing, semiconductors and electronics, food and beverage, healthcare/medical, home appliances, energy, and oil and gas sectors, among others.
  • Regionally, the air compressor market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global air compressor market is driven by the rising industrialisation and infrastructure development. 
  • The technological advancements in air compression techniques are expected to augment the market growth in the coming years.
  • The demand from various application sectors, such as home appliances, manufacturing, food and beverage, and oil and gas industries, is further invigorating the air compressor market growth.
  • The increase in the adoption of robust and energy-efficient equipment is enhancing the market growth further.

Key Offerings of the Report:

  • The EMR report gives an overview of the global air compressor market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for technology, types, lubrication, power ratings, end uses, and major regions of air compressor.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global air compressor market are Atlas Copco AB, Frank Technologies Pvt. Ltd, Galaxy Auto Service Equipment Co. Ltd., Bauer Compressors, Inc., and Siemens Energy AG, 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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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