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Portable Air Compressor Market is anticipated to register remarkable growth over 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-04-15 

Global Market Insights provides a detailed overview of Portable Air Compressor market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Portable Air Compressor market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Portable compressors are highly preferred over their stationary counterparts given that they are easier to maintain due to their compact design and structure as well as the light weight. Their advanced mechanism and features that minimize the hassle of handling enables them to be operated easily owing to which they are heavily deployed in manufacturing activities that require precision. The mining industry has also been majorly deploying these products, driving portable air compressor market trends.

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Portable air compressor market has of late witnessed the increasing permeation of compressors that are designed to be lifted manually and wheeled to any location whenever needed. These are specifically useful for precision manufacturing industries like automotive and aerospace, where precise specification with the millionth of an inch is vital and a high number of components are to be produced on a daily basis. These compressors are also less expensive and therefore budget maintenance is easy to adhere to, making portable air compressors market a lucrative hotbed for investors.

Portable air compressor market has received a significant stimulus from the fact that these products can be moved very close to the point of use and directly connected instead of having to install additional air lines as is required in stationary air compressors. Air lines that can transport pressurized air are not only expensive, but their installation is also costly and can disrupt normal production cycles adding to the cost of production. Thus, speaking in terms of cost-effectiveness, portable air compressor industry scores an edge over the stationary compressor space.

Despite being a mature market, portable air compressor market is still characterized by a slew of innovations. For instance, the Edinburgh based manufacturer of air compressors, Vert Rotors has brought to the market a portable micro-compressor designed to deliver incredibly high levels of compressed air for manufacturing purposes, wherever and whenever needed. The product also operates at an exceptionally low sound decibel which is otherwise a common problem with air compressors that are loud and cause hearing and other health problems.

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One of the most acclaimed contenders of portable air compressor market, has recently made it to the headlines for having won a $2.44 million order for portable air compressors. Headquartered in Statesville, USA, the company has won the order from rental business operator EJAR based in Jeddah, Saudi Arabi. The compressors have been bought to be used in a full range of applications such as manufacturing, construction, utilities, water well drilling, quarrying, sand blasting and the oil and gas industry. Being remarkably versatile tools valued for their durability and reliability to perform in tough environments, these compressors are now used in almost every end-use sphere, thereby leading to the generation of profitable opportunities for portable air compressor industry.

One of the major factors that can hinder the growth of portable air compressor market is the price of the fuel used to run compressors. Energy costs contribute to 75% of the lifetime cost of compressors. In order to combat the same, numerous manufacturers have been coming up alternative products via extensive R&D programs. Atlas Copco for example, recently introduced an electric portable compressor that cuts energy costs by up to 50%. Driven by such appreciable innovations and the vast application landscape of this vertical, the market size is anticipated to register a CAGR of 3.5% over 2018-2024.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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