Air Compressor Market Share

Air Compressor Market Share Analysis

During the anticipated period, the stationary type is anticipated to lead the air compressor market revenue. The market is anticipated to grow in the future due to the widespread usage of stationary machinery in end-use sectors including manufacturing, household appliances, and automobiles. These compressors are also often used in the oil and gas industry to run pneumatic equipment for pipeline, oil extraction and refining, and other activities.
Of which, the centrifugal sector is expected to develop at the quickest rate throughout the projected period, while the rotary segment led the market in the base year. This may be because rotary air compressors are widely used in important industrial applications, such as those for electric power, papermaking and printing, metallurgy and mining, electrical and mechanical power, and mechanical and electrical machinery. Rotating air compressors have minimal maintenance costs and excellent efficiency.
The market demand for oil-free air compressors is expected to be driven by rising food safety and security issues brought on by risks, diseases, and food contamination during the projected period. Throughout the projected period, the oil-free sector is expected to develop at the highest compound annual growth rate (CAGR) due to the introduction of new emission-reduction regulations and the increased focus that governments are placing on environmental safety.
In addition, the rapid industrialization and growth of the semiconductor, food processing, and manufacturing industries are driving demand for air compressors. The manufacturing sector held the greatest proportion of the market. This is because emerging countries like Brazil, China, and India are becoming more industrialised at a faster rate, and the manufacturing sector is seeing an increase in demand for sophisticated, energy-efficient air compressors. The manufacturers are keeping a careful eye on the attractive markets in India and Japan as well; they are primarily concentrating their efforts on constructing production facilities and establishing reliable supply chains in these regions.
Furthermore, the bulk of end-user consumers have recently looked to invest in the emerging economies of the Asia Pacific region, which is turning the development of manufacturing clusters throughout those regions and increasing sales of goods for the manufacturing industry. Australia has created a highly effective mining industry that will contribute in the growth of the Asia Pacific area.