Selbyville, Delaware, July 5, 2021 (GLOBE NEWSWIRE) –
Global Market Insights Inc. recently added a new Air Compressor Market report that estimate market value for the air compressor will exceed $ 86.41 billion by 2027 due to increased oil and gas exploration, construction and infrastructure development activities. The growing manufacturing sector will drive demand for stationary products in Asia-Pacific. In addition, advancements in compressor technology will have a significant influence on the demand for air compressors.
Air compressors are key equipment in the manufacturing industry as they are used in different applications such as the use of pneumatic tools on production lines, production monitoring, cutting and welding operations, ejecting parts from the mold and efficiently performing basic tasks such as screwing or turning. surgery. Air compressors are used in various manufacturing industries such as petroleum refineries, plastics manufacturing, manufacturing, food and beverage, and pharmaceuticals. In the food and beverage and pharmaceutical industries, air compressors are used to ensure an airtight seal and uncontaminated packaging of end products.
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Greenhouse gas emissions from compressors are a source of concern, with several government agencies creating mandatory guidelines and green requirements for industrial equipment, which are the main sources of air pollution. This may be a limiting factor for the air compressor market by 2027.
the stationary air compressors market dominated the global industry and accounted for over 95% of the total market by 2027 due to the heavy use of compressed air in almost all manufacturing activities. Centrifugal compressors are widely used in industrial applications requiring high capacity, large discharge rates and continuous operations. Air compressors used in the oil and gas industry are designed to provide a constant flow of compressed air for longer periods of time and can withstand fluctuating surges. It is expected to grow at a CAGR of around 2.5% by 2027. Widespread automotive production in Europe, especially Germany, will boost the consumption of air compressors for manufacturing applications. It recorded more than 20% of the global market by 2020.
The main producers in the air compressor market are Ingersoll-Rand, Atlas Copco, Sullair, Kaeser Kompressoren, Bauer Compressors, Bitzer, Daikin, Emerson Tecumseh, Doosan Portable Power, GMCC and Embraco.
Some of the key findings of the Air Compressor Market report include:
- Stationary air compressors are used in a wide range of applications including refrigeration and air conditioning systems, automotive and industrial use.
- The technological advancements associated with centrifugal compressors as well as their many advantages over the other two segments will propel their demand.
- Oil filled compressors are bulky in nature and very durable due to effective lubrication.
- Air compressors provide compressed air, which is widely used in the operation of pneumatic tools on production lines, cutting and welding equipment, monitoring equipment, and metal finishing.
- The growth of the manufacturing sector in the Eastern European countries will have a significant impact on the regional air compressor market by 2027.
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Partial chapters of the report table of contents (TOC):
Chapter 3 Air Compressor Industry Overview
3.1 Industry segmentation
3.2 Industry landscape, 2017 – 2027
3.2.1 Impact of Covid-19 on the industry landscape
3.3 Industry Ecosystem Analysis
3.3.1 Analysis of distribution channels
3.3.2 Matrix of suppliers
3.3.3 Analysis of disruptions in the value chain (COVID-19 impact)
3.4 Regulatory trends
3.4.1 United States
3.5 Industry Impact Forces
3.5.1 Growth drivers
22.214.171.124 Proliferation of the household appliance market
126.96.36.199 Soaring automotive production
188.8.131.52 Rapid industrial growth in Asia-Pacific
184.108.40.206 Technological advances in air compressors
220.127.116.11 Mature manufacturing industry in the United States
3.5.2 Pitfalls and challenges of the industry
18.104.22.168 Strict regulations for the use of air compressors
22.214.171.124 Growing popularity of rental services
3.6 Impact of COVID-19 on the supply chain and production of air compressors
3.7 Cold Storage Warehouse Capacity and Market Development Index, by Country
3.8 Manufacturing process
3.9 Comparison of different equipment
3.10 Technological landscape
3.11 Price analysis
3.11.1 Pricing strategy of key players
3.11.2 Analysis of the cost structure
3.12 Innovation and sustainability
3.12.1 Patent analysis
3.12.2 Future trends
3.13 Analysis of growth potential
3.14 Porter’s analysis
3.15 Competitive landscape, 2020
3.15.1 Analysis of Company Market Share, 2020
3.15.2 Strategy dashboard
3.15.3 Service and sales network status of key players
3.16 PESTEL analysis
3.17 Impact of COVID-19 on Air Compressor Demand, by Application
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services; offering syndicated and personalized research reports as well as growing consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.