News from the Music World
The global industrial air compressor market is touted to record commendable proceeds on account of the surging production of electronics and automobiles in the Asia Pacific. On the other hand, an escalation in infrastructure development and construction activities in countries comprising India and China as well as other developing countries will open lucrative opportunities for industry players in the region.
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While advancements in the U.S. oil & gas industry are expected to impel industrial air compressor demand, the market is witnessing favorable prospects of expansion in Latin America driven by rapid industrial development. A rise in construction activities in Brazil and other developing economies is slated to boost LATAM industrial air compressor industry share through the forecasted period.
In view of the above trends, a recent study by market researcher, Global Market Insights, Inc., anticipates the industrial air compressor market size to surpass USD 17.8 billion through 2027.
The growth can be attributed to increasing demand for portable air compressors. Owing to their high operational efficiency the segment is anticipated to record a market share of more than 20% in the coming years.
Considering the power capacity, industrial air compressors are categorized into 15 kW, 16 – 75 kW, 75 – 500 kW, and more than 500 kW capacity. Of the enlisted capacities, 16 – 75 kW industrial air compressors accounted for a share of more than 25% in 2020 and are set to depict a considerable CAGR of 6% from 2021 to 2027.
Multiple applications of industrial air compressors:
It is noteworthy that industrial compressors are deployed in most of the heavyweight applications for powering pneumatic equipment and tools for providing compressed air as well as for cleaning purposes. These compressors find applications across a range of sectors comprising manufacturing, food & beverage, agriculture, oil & gas, municipal & construction, semiconductor & electronics, mining & energy, pharma, and others.
They are extensively used in production areas in the food & beverage industry as they are used for cutting, sorting, and shaping food products. Considering a specific compressor type, oil filled compressors are chiefly used for heavy duty applications owing to their design and durability.
What efforts are being taken by leading industrial air compressor manufacturers for exploiting business potential?
Major industrial air compressor market trends are driven by an increase in the adoption of collaborative strategies comprising acquisitions, mergers, product developments, and launches by key industry participants.
Prominent industrial air compressor manufacturers comprise Sullair, Kaeser Kompressoren, Emerson Climate Technologies, Rolair Systems, Doosan Portable Power, Mat Holdings, Ciasons Industrial, Aerzener Maschinenfabrik, Atlas Copco, Quincy Compressor, and others.
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Of these, Atlas Copco was in news for the acquisition of the operating assets of Berlin-based MidState Air Compressor, a distributor of dryers and industrial air compressors, in May 2021. The purchased enterprise will become part of Quincy Compressor LLC, which forms part of Compressor Technique Business Area’s Industrial Air division.
Overall, the surging demand for stationary industrial air compressors on account of rapid industrial development in the APAC will augment the industrial air compressor market size through the anticipated period.
Table of Contents of the Report (TOC):
Chapter 1 Methodology & Scope
1.1 Market definition
1.2 Base estimates & working
1.2.1 North America
1.3 Forecast parameters
1.4 COVID-19 impact calculations on industry forecast
1.5 Data sources
1.5.2.1 Paid resources
1.5.2.2 Public resources
Chapter 2 Executive Summary
2.1 Industrial air compressor industry 360° synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Technology trends
2.1.4 Lubrication trends
2.1.5 Power capacity trends
2.1.6 Application trends
2.1.7 Regional Trends
Chapter 3 Industrial Air Compressor Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2017 - 2027
3.2.1 Covid-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.1.1 List of key raw material/component manufacturer/suppliers
3.3.1.2 List of key product manufacturer/suppliers
3.3.1.3 List of key service providers
3.3.2 Distributor channel analysis
3.3.3 Value chain disruption analysis (COVID-19 impact)
3.3.4 Profit margin analysis
3.3.5 Value addition at each stage
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Rapid industrial growth in Asia Pacific
3.4.1.2 Technological developments in the field of air compressors
3.4.1.3 Mature manufacturing industry in the U.S.
3.4.2 Industry pitfalls & challenges
3.4.2.1 Strict regulations regarding the air compressor usage
3.4.2.2 Popularity of air compressor rental services
3.4.2.3 Strict emission norms in the U.S.
3.5 Growth potential analysis
3.6 Innovation & sustainability
3.6.1 Patent analysis
3.6.2 Technology landscape
3.6.3 Production process
3.6.4 Comparison of different equipment
3.6.5 Future trends
3.7 Regulatory trends
3.7.1 U.S.
3.8 Porter’s analysis
3.8.2 Supplier power
3.8.3 Buyer power
3.8.4 Threat of new entrants
3.8.5 Industry rivalry
3.8.6 Threat of substitutes
3.9 Competitive landscape
3.9.1 Company market share analysis, 2020
3.9.1.2 North America
3.9.2 Strategy dashboard
3.10 PESTEL analysis
3.11 Regional price trends
3.12 Cost structure analysis
3.12.1 R & D cost
3.12.2 Manufacturing & equipment cost
3.12.3 Raw material cost
3.12.4 Distribution cost
3.12.5 Operating cost
3.12.6 Miscellaneous cost
3.12.7 Price by lubrication
3.12.8 COVID-19 effect on pricing
3.13 COVID-19 impact on industrial air compressor demand, by application
3.13.1 Food & beverages
3.13.2 Oil and gas
3.13.3 Energy & mining
3.13.4 Semiconductor & electronics
3.13.6 Construction & municipal
3.13.7 Pharmaceutical industry
3.13.8 Agriculture/farming
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