March 21, 2023 10:11 ET | Source: Acumen Research and Consulting Acumen Research and Consulting
TOKYO, March 21, 2023 (GLOBE NEWSWIRE) -- The Global Air Compressor Market Size collected USD 33.2 Billion in 2022 and is set to achieve a market size of USD 48.6 Billion in 2032 growing at a CAGR of 4.0% from 2023 to 2032.
Air Compressor Market Research Report Highlights and Statistics:
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Air Compressor Market Report Coverage:
The air compressor market is a booming industry that offers a diverse range of applications in various sectors, including manufacturing, construction, healthcare, and more. Air compressors are devices that convert power into energy stored in compressed air, which can be used for a variety of purposes. They are used in a wide range of industries, from automotive and aerospace to food and beverage and pharmaceuticals. Air compressors are also commonly used in pneumatic tools, such as nail guns and spray guns, as well as in air conditioning systems and refrigeration units. With the increasing demand for energy-efficient and reliable compressors, the air compressor market is expected to continue to grow in the coming years, creating opportunities for manufacturers and suppliers alike.
Trends in the Air Compressor Market:
Growth Hampering Factors in the market for Air Compressor:
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Air Compressor Market Overview by Region:
North America’s Air Compressor market share is the fastest growing globally, driven by the presence of a large number of manufacturing industries and the growing demand for energy-efficient compressors. The region also has a well-established oil and gas industry that requires air compressors for drilling and production activities. Some of the major players operating in this market in North America include Atlas Copco, Ingersoll Rand, and Gardner Denver.
The Asia-Pacific region’s Air Compressor Market share is the highest globally, driven by the rapid industrialization and infrastructure development in countries such as China, India, and Japan. The region also has a large number of small and medium-sized businesses that require cost-effective and portable air compressors. Some of the major players operating in this market in Asia-Pacific include Atlas Copco, Sullair, and Hitachi Industrial Equipment Systems Co.
Europe is another key market for Air Compressor, driven by the expansion of the automotive industry and the growing demand for customized air compressor solutions. The region also has strict regulations related to noise pollution, which has resulted in the development of noise-reducing compressors. Some of the major players operating in this market in Europe include Siemens AG, Kaeser Kompressoren SE, and Elgi Compressors.
The South American and MEA regions have a growing Air Compressor market share. In the Middle East and Africa, the market is primarily driven by the oil and gas industry, which requires air compressors for drilling, production, and transportation activities.
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Air Compressor Market Key Players:
Some of the leading companies in this market include Atlas Copco AB, Ingersoll-Rand plc, Gardner Denver Holdings Inc., Hitachi Industrial Equipment Systems Co. Ltd., Kaeser Kompressoren SE, Kobe Steel Ltd., Sullair LLC, Quincy Compressor LLC, Sullivan-Palatek Inc., ELGi Equipments Limited, Hubei Teweite Power Technology Company Limited, Doosan Portable Power, Fusheng Co. Ltd., BOGE Compressors GmbH & Co. KG, MAT Industries LLC, Rolair Systems, AireTex Compressors LLC, Powermate Vx, Campbell Hausfeld, and DEWALT.
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