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Portable Air Compressor Market is expected to grow at a significant rate by 2025

Author : Rahul Varpe | Published Date : 2019-09-27 

Reciprocating technology in the portable air compressor market would attain a revenue of more than USD 800 million over the forecast timeframe owing to its cost effectiveness. Hence, such products are suitable for small and medium sized end-users. It is known for its efficiency and low maintenance requirement. This technology uses a crankshaft-driven piston and cylinder to compress the air. Such unique properties of this segment would drive the demand in portable air compressor market.

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Portable air compressor market would witness a significant progress in the upcoming years due to the advancements in the manufacturing industry. This is owing to the use of the product in various manufacturing operations as a source of energy. It is used in conveyor systems, control air tools, operations of production lines, metal finishing process, welding procedures, etc. Emerging nations like China, India, Indonesia, etc. have witnessed high manufacturing activities in the past decade. Hence, Asia Pacific would be a significant regional market in the coming years. The portable air compressor market will likely surpass USD 7 billion by 2024; according to a new research report.

North America Portable air compressor market would grow at a rate of around 4% over the study period due to growing automotive and oil & gas sector in this region. U.S. has the highest share in this region due to strong presence of major product manufacturers. Increasing oil & gas exploration activities in North America will positively influence the regional market over the coming years.

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Oil free segment in the portable air compressor market is gaining popularity due to their light weight and supply of high-quality air. This product is used in industries which require uncontaminated air supply like food & beverage, pharmaceutical, hospitals etc. Other benefits offered by the product are lower energy cost, low harmful emissions, cost-efficiency and reliability. Hence, the CAGR of this segment will be around 4.5% during the study period.

The food & beverage application would be valued at more than USD 250 million by the end of the study period. This is owing to its high requirement of contamination free air for various purposes like product packaging, food & beverage filling equipment, nitrogen generation, mixing and movement, closing and checking devices etc. Mining & construction is another significant application segment in the portable air compressor market which would propel at a significant growth rate. The product would be an ideal fit for this application as it provides continuous air flow with less maintenance cost.

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Major companies of the portable air compressor market are Ingersoll-Rand, Gardner Denver, Kaeser Kompressoren, Hubei Teweite Power Technology Company, Atlas Copco, Ciasons Industrial etc.

Related News: https://www.marketwatch.com/press-release/dump-trucks-market-growth-analysis-to-2025-global-revenue-to-surpass-24-billion-2019-09-26   

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. 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. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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