An air compressor is a powerhouse of potential energy, transforming electrical or fuel-driven power into pressurized air that is stowed away in a storage tank. As the tank gradually increases in pressure until it reaches its maximum designed limit, the compressor will shut off and leave the air contained until it is needed. The kinetic energy stored in the compressed air can subsequently be directed to a range of applications, as it expands back to atmospheric levels upon release.
Air compressors have pervasive applications in industrial settings; they can power air tools such as nail guns and jackhammers, monitor paint sprayers and finishing machines, and operate air conditioning systems. In 2017, the air compressor market was estimated at $9.4 billion. According to estimates, it is predicted to skyrocket to $13.8 billion by 2025 with a compound average growth rate of 5.0% over this period.
For practical purposes, the air compressor market can be divided into several main sectors; construction, mining, manufacturing, automotive, and others. Especially in the construction industry, air compressors are a sought-after commodity as they are integral components of tools such as jackhammers and nail guns. Autos also lean on air compressors for a variety of reasons; from airbrushing to engine cooling and tire inflation. As such, it is the second biggest consumer of this type of machinery.
Allied Market Research recently released a report, titled “Air Compressor Market by Type, Lubrication, End-User Industry, and Region: Global Opportunity Analysis and Industry Forecast, 2018-2025,” which pointed to an exciting prognosis for the air compressor industry. Last year it was valued at $9.4 billion – an impressive figure – yet is expected to skyrocket to a jaw-dropping $13.8 billion by 2025, manifested via a constant CAGR of 5.0%.
A comprehensive assessment of the present & forthcoming industry trends and openings is featured in this report, designed to supply the reader with a competitive advantage. Porter’s Five Forces & value chain examination are also outlined, furnishing the reader with an understanding of the cutthroat landscape within the market.
Based on type, the air compressor market is divided into Positive Displacement and Dynamic models, and categorized by lubrication into oil-lubricated and oil-free varieties. Upon further analysis, the market is split according to the industrial sector of end-users. This includes particularly Construction, Mining, Manufacturing, Automotive, as well as other sectors. Segmenting the market still further geographically yields insights into regions such as North America, Europe, Asia-Pacific and LAMEA.
Noteworthy entities in the report feature Atlas Copco, Ingersoll Rand, Kobelco, Sullair, Gardner Denver, Hitachi, Kaeser, Quincy Compressor, and Airman.
Constructions sites are the biggest purchasers of air compressors, with the demand bolstered by an uptick in the need for pneumatic appliances, such as jackhammers and nail guns. Next in line is the automotive industry, which makes use of air compressors for activities like painting, engine cooling and inflating tires.
The air compressor market can be divided into two major types, positive displacement and dynamic. Of the two, positive displacement compressors earned the largest share in 2017 and are projected to keep their dominance throughout the speculated timeline. This is mainly due to their higher level of efficacy in comparison to dynamic compressors, and the fact that they can be put to use in multiple scenarios.
In 2017, the most significant chunk of the air compressor market was held by oil-lubricated compressors, and its dominance is projected to continue at a meteoric CAGR for the foreseeable future. This is mainly due to their superior levels of efficiency and extended service life when compared to their oil-free counterparts.
A careful analysis of the end-user industries reveals that the air compressor market is divided into five categories: Construction, Mining, Manufacturing, Automotive, and Other. Construction remains the biggest consumer of air compressors due to the ever-increasing need for pneumatic tools such as jackhammers and nail guns. Meanwhile, Automotive industry holds the second place—owing largely to their many uses in areas like painting, engine cooling, and tire inflation.
The air compressor industry is divided into discrete segments based on type, lubrication, target user industry, and locale. Positive displacement and dynamic systems head the list of compressor types, while the range of lubrication options spans from oil-free to oil-filled containers. In terms of end-user industry, the air compressor market serves a variety of sectors including automotive, construction, food and beverages, and industrial. On the regional level, trends and demands for compressors vary greatly across localized markets, making customer needs a driving force in segmentation.
Post time: 2023-06-29