Industrial Air Compressor Market Share | Current, And Future Trends To 2026
Category: #business  By Rahul Varpe  Date: 2021-03-30
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Industrial Air Compressor Market Share | Current, And Future Trends To 2026

The industrial air compressor market may surpass USD 24 billion by 2026.

APAC is expected to generate lucrative growth opportunities for the industrial air compressor market. The region has witnessed rapid industrialization over the past few years. In 2018 alone, the regional industrial air compressor market accounted for approx. 40% of the global output.

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Technological advancements in pneumatic equipment like actuators, robotic arms, and assembly lines would generate lucrative growth opportunities for the industrial air compressor market.

Activities like construction, manufacturing, and mining in the region are shaping the growth trajectory of the industrial air compressor market. All these factors are slated to significantly drive APAC industrial air compressors industry expansion in the forthcoming years. However, stringent emission norms could restrain the size of market in APAC.

As per technology, the market is classified into reciprocating, rotary, and centrifugal air compressors. Out of these segments, rotary air compressors are slated to be good energy conservers and can generate less heat compared to other air compressors. They are also renowned for consuming less oil. In 2018, rotary air compressors market was accounted for over 55% of the market share. Moreover, with growing prominence, it is estimated to witness significant traction over the forecast period.

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Based on lubrication, the oil-filled air compressor segment has registered immense application in the manufacturing sector owing to its minimum cost and robust application advantages over oil-free alternatives. These compressors are used across nuclear, hydroelectric and thermal power plants. The oil-filled industrial air compressors are regularly employed in drilling, mining, and quarrying activities to power pneumatic drilling equipment. With growing applications in numerous industries, studies suggest that the oil-filled industrial air compressor market may surpass over USD 10 billion by the year 2026.

Ever-increasing manufacturing activities commenced across developing nations have accelerated the demand for industrial air compressor in recent years. Industrial air compressors are widely used across manufacturing sectors like heavy engineering products, steel fabrication, automotive production, energy & mining, pharma, food & beverage, and others. With profound application across such several end-use sectors, the industrial air compressor market is anticipated to accrue prominent growth over the forecast period.

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Reportedly, the industrial air compressor market is fragmented with the presence of prominent manufacturers like Doosan Portable Power, Mat Holdings, Quincy Compressor, Hitachi, Rolair Systems, Sullivan-Palatek, Gardner Denver, Elgi Compressors, Atlas Copco, Ingersoll-Rand, Kaeser Kompressoren, Bauer Compressors, Sullair, Ciasons Industrial, Aerzener, and Heyner.

Frontrunners like Gardner Denver, Atlas Copco, and Ingersoll Rand have a strong presence in the global market. Strategies such as subsidiaries and joint ventures have mainly led these firms to attain lucrative growth opportunities.

Related Reports: -

Oil Filled Air Compressor Market: https://www.globenewswire.com/news-release/2018/05/08/1498274/0/en/Oil-Filled-Air-Compressor-Market-to-exceed-25bn-by-2024-Global-Market-Insights-Inc.html

Reciprocating Air Compressor Market: https://www.globenewswire.com/news-release/2018/05/07/1497300/0/en/Reciprocating-Air-Compressor-Market-to-cross-6-4bn-by-2024-Global-Market-Insights-Inc.html

About Author

Rahul Varpe    

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. 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 ...

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