Air compressors are widely used in many applications across various industries like semiconductors & electronics, automobiles, food & beverage, chemical plants healthcare, home appliances, energy, oil & gas, manufacturing, etc. Increasing environment friendly compressor technology, oil-free lubrication processes, rising popularity of portable energy efficient models are main factors driving the demand for air compressors market in the near future.
Industry segmentation on the basis of lubrication includes portable air compressors and stationary air compressors. Portable air compressors are majorly used in construction and mining segments where as stationary air compressors are widely used in oil & gas, automobile, and manufacturing industries. According to technology air compressors are classified into centrifugal, rotary and reciprocating. Rotary type air compressors are widely used in manufacturing and heavy industrial applications and reciprocating type of air compressors are used in oil & gas industries. Oil filled and oil free are two types of air compressors based in the lubrication type. Increasing demand from manufacturing, pharmaceuticals, chemicals, and other industries is the key driver for oil free air compressors market.
Asia pacific market for air compressors is expected to witness higher growth in the near future due to growing manufacturing facilities, awareness for eco friendly technology and demand for modern compressed air systems are factors responsible for the growth of this region. Middle East and Africa will also show significant growth in air compressor market over the forecasted period. Europe air compressor market share is expected to record potential growth owing to increasing applications in the production, refining, processing and exploration of crude oil & gas products.
The global air compressor market is segmented on the following bases:
Key Players Identified For Air Compressor Market Include But Are Not Limited To:
Atlas Copco, Ingersoll Rand, Chicago Pneumatic, GE Energy, Bauer Group, BelAire, VMAC, Sulzer Ltd., Kobe steel, Ebara Corp., Mitsubishi Heavy Industries Ltd., Elgi Equipments Ltd., Kirloskar Pneumatic Company Ltd and Sullair, LLC.
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