Portable Air Compressor Market By Revenue & Regional Forecast 2018-2024
Date: 2019-01-07   Author: Rahul Varpe  Category: #market

Portable Air Compressor Market By Revenue & Regional Forecast 2018-2024

Global reciprocating portable air compressor market will be valued over USD 2.5 billion in 2024 and will hold approximately one third of the industry volume share. Portable Air Compressor Market consists of three major segments namely, centrifugal, rotary and reciprocating. The rotary segment is further bifurcated into scroll, screw, root blower, vane, etc.

Portable Air Compressor Market will surpass USD 9 billion by 2024. Portable air compressors can be wheel mounted as well as hand carried. Some of the key product features include extreme portability, lightweight, ventilation cooling system, heavy duty tank and assembly, convenient lifting handles, and compact design. Portable air compressor market is largely driven by these exclusive features, which in turn is resulting in the industry growth.

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These features also allow the machine to reach extremes in the mining, construction, and oil & drilling activities. Demand for portable air compressors will witness high growth in North America and Europe owing to the rising oil & gas exploration, construction, and infrastructural development activities. One of the important problems faced by people across the world is that of the noise pollution. It affects both the health and behavior of a person. Loud and unwanted noise can damage mental health and can cause sleep disturbances, hearing loss, hypertension, tinnitus, high stress levels, and other harmful effects. The louder compressors are among the reciprocating types, which can emit noise of up to 85 decibels. The rotary screw compressors are generally quieter due to the sound?proof enclosures incorporated into the design and emits lesser noise. These factors may hinder the portable air compressor market demand in future years.

On the basis of lubricant, the portable air compressor market has been segregated as oil free and oil injected. Quarrying, mining, oil & gas, and construction activities need heavy duty machines with high power which results in the usage of oil-injected air compressors on a large scale. Food & beverages, healthcare, and other such end-user industries need superior quality and minimal level of contaminated air which leads to the oil-free portable air compressor demand.

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Considering applications, manufacturing segment holds the maximum share in the global portable air compressor market. The segment is said to comfortably surpass USD 4 billion by the end of 2024. Several federal law provisions intend to support manufacturing in the U.S. Increasing manufacturing activities in the U.S. coupled with governmental support will drive the portable air compressor market in the future.

End-user industries where portable air compressors find usage include healthcare, building & construction, manufacturing, food & beverages, semiconductors & electronics, oil & gas, and mining & quarrying. Other minor end-user industries include water treatment, entertainment, agriculture, etc. Mexico oil-filled portable air compressor market is said to surpass USD 250 million by 2024 owing to huge manufacturing of refrigerators in the country.

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With a fragmented market there are a large number of domestic and international players present in the portable air compressor market. Some of the companies include Doosan Portable Power, Kaeser Kompressoren, Quincy Compressor, Belaire Compressors, Atlas Copco, Elgi Compressors, Gardner Denver, Vanair Manufacturing, Hubei Teweite Power, Ingersoll-Rand, Sullair, Sullivan-Palatek, and Rolair Systems to name some.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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