Air Compressor Market Expected to reach USD 23.17 billion by 2031 | Anticipating a CAGR of 4.9 % | IMIR

IMIR Market Research, a leading 2023 - 2031, covering Global market research firm, is pleased to announce its new report on Air compressor market, forecast for all aspects of the market and providing up-to-date data on current trends.

The air compressor market size was USD 16.59 billion in 2022. Covid-19's impacts have been unprecedented and staggering on a global scale, with the pandemic leading to negative demand shocks for the air compressor market across all domains and regions. Based on the analysis the market exhibited a huge decline of -5.4% in 2020. Between 2021 and 2030, the market is projected to grow at a CAGR of 4.9%, from USD 15.88 billion in 2021 to USD 23.17 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies adopted by various players in order to sustain competition in this highly competitive environment.

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Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included

Market Top Companies included in the Air compressor market Report:

·???????? Aerzener Maschinenfabrik

·???????? AireTex Compressor

·???????? Atlas Copco (Sweden)

·???????? Bauer Group

·???????? BelAire Compressors

·???????? Berkshire Hathaway

·???????? Cook Compression

·???????? Compressor Products International (CPI)

·???????? Ciasons Industrial

·???????? Desran Compressor

·???????? Doosan Corporation

·???????? Elgi Equipments Limited

·???????? Frank Compressors

·???????? Galaxy Auto Stationary Equipment

·???????? Gast Manufacturing

·???????? GENERAL ELECTRIC

·???????? Gardner Denver Holdings

·???????? Hitachi

·???????? Ingersoll Rand Plc

·???????? Indo-Air Compressors

·???????? Kaeser Compressors

·???????? MAT Industries, LLC

?****Additional companies can be included in the report as per request.

Air compressor market research?report can help you in taking the right business decisions. It is a comprehensive and detailed analysis of market trends, opportunities and challenges that will give you an edge over competitors. You will be able to take informed decisions based on this data-driven study.

Market Key Segmentation Analysis:

By Type

Based on the type, the report segmentation includes portable and stationery. Among these, stationery air compressor has the largest share in 2022, this is primarily owing to increasing demand across the semiconductor and electronics manufacturing industry.

Also, portable air compressor product demand is increasing at rapid pace owing to increasing demand across the smart home and heavy-duty industrial applications.

By Technology

Based on the technology, the market scope includes reciprocating, rotary, centrifugal, and axial air compressors. Among this, reciprocating air compressor has the largest share in 2022, this is primarily owing to increasing construction and industrial sector. Reciprocating air compressor is used in these sectors for wide range of tasks, such as in the powering tools and machineries.

Centrifugal air compressor is growing with highest CAGR during the forecast period owing to increasing automotive industry at rapid pace.

By Lubricant Method

Based on the lubricant method, the market scope includes oiled and oil-free. Among these, oiled lubricant method has the largest share in 2022, this is primarily owing to advancement in technologies with more efficient and versatile oiled air compressors, which contributed to the growth of the market.

Oil-free air compressor is also growing with moderate CAGR during the forecast period 2023-2031. This is primarily owing to increasing demand for green energy and the need for environmentally-friendly solutions. As, oil-free compressors are powered by renewable energy sources.

By Power Rating

Based on the power rating, the market scope includes 0-100 kW, 101-300 kW, 301-500 kW, and 501 kW & above. Among these, 101-300 kW power rating has the largest share in 2022, this is primarily owing to the growth of emerging economies, such as India and China. It is leading segment owing to an increase in demand for air compressors, as these countries experience increased economic growth and urbanization.

0-100 kW air compressor is also growing with highest CAGR during the forecast period 2023-2031. This is primarily owing to increasing demand across the small-scale industries related to the food and beverages packaging industries.

By End-user Industry

Based on the end-user industry, the market scope includes food & beverage, automotive, oil & gas, manufacturing, medical, power generation, and others. Among these, food & beverage end-user industry method has the largest share in 2022, this is primarily owing to advancement in technologies with the increasing concern for the environment and energy conservation using the energy-efficient air compressors.

Automotive end-user industry is also growing with moderate CAGR during the forecast period 2023-2031. This is primarily owing to increasing demand for air compressors in the automotive industry: The increasing demand for air compressors in the automotive industry, for various applications, such as suspension, pneumatic brakes, and air conditioning, is driving the growth of the market.

The report covers North America, Europe, APCA, Latin America, Middle East, Africa. Country level data is provided in the report.

The Global market is huge, with a lot of opportunities for different regions. The North American region has the United States and Canada to offer while Asia Pacific includes China, Global, South Korea India Australia as well as other countries in that area like Singapore.

Methodology of this Air compressor market Report: https://www.intellectualmarketinsights.com/methodologies/IMI-005037

Market research reports can help you in taking the right business decisions. It is an analysis of the market and industry, which helps in understanding the market better. This report will provide you with all the information you need to know about this sector so that it becomes easy for you to take informed decisions.

With our market research reports, we offer a comprehensive overview of this sector and its dynamics. We have done extensive research on this topic and are confident that our findings will be helpful for anyone who needs some guidance or direction when making important decisions related to their company’s future growth?strategy.

Table of Content

Chapter 1- Report Methodology

1.1. Research Process

1.2. Primary Research

1.3. Secondary Research

1.4. Market Size Estimates

1.5. Data Triangulation

1.6. Forecast Model

1.7. USP’s of Report

1.8. Report Description

Chapter 2– Global Air compressor market Overview

2.1. Market Introduction

2.2. Executive Summary

2.3. Global Air compressor market Classification

2.4. Market Drivers

2.5. Market Restraints

2.6. Market Opportunity

2.7. Air compressor market: Trends

2.8. Porter’s Five Forces Analysis

2.9. Market Attractiveness Analysis

Chapter 3 - Global Air compressor market Overview

Chapter 4 - Global Air compressor market Analysis: Segmentation by Types

Continued@.......https://www.intellectualmarketinsights.com/report/air-compressor-market-research-current-trends-and-growth/imi-005037

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