Increasing Electric Air Compressor Sales Position Portable Air Compressor Market to Exceed US$ 8 Bn by 2031

NEW YORK, Dec. 8, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: As per latest Fact.MR analysis, the global portable air compressor market is projected to expand at a moderate CAGR of around 4%, surpassing US$ 8 Bn between 2021 and 2031.

Rising adoption of portable air compressors in a myriad of applications such as automotive, construction, and aerospace is the major factor driving the global portable air compressor market.

Portable air compressors offer various advantages such as low noise production, portability, cost-effectiveness and compact nature. They are being extensively used to supply compressed air on construction sites, automotive, road works and other applications where stationary compressor is not suitable.

Further, technological advancement in the design and components of portable air compressors is positively impacting the growth in the market. Manufacturers are continuously aiming at developing noiseless compressors with larger flow capacity and low-maintenance features.

Additionally, implementation of stringent government regulations to reduce carbon emission is expected to boost the sales of portable electric air compressors. Subsequently, growing inclination towards employing ecofriendly and energy efficient equipment to meet the carbon emission standards.

As per study, rising number of oil & gas projects and increasing infrastructures activities across the globe will continue to augment the demand for portable air compressors during the forecast period.

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As per Fact.MR, building & construction segment is expected to account for over 20% market share in 2021. This is attributed to the increasing adoption of portable air compressors in construction sector and the trend is likely to continue in the future.

Regionally, Asia Pacific (APAC) is anticipated to witness fastest growth on the back of expansion industrial and construction industries across China and India. Moreover, various government initiatives to develop infrastructures is supporting the growth in the market.

"Burgeoning infrastructure activities in APAC and Middle East is creating a plethora of growth opportunities within portable air compressor market. In order to capitalize, key manufacturers are aiming at innovating their products to increase their revenues," says a Fact.MR analyst

Key Takeaways from Portable Air Compressor Market Survey

• With increasing industrial and construction activities, Asia Pacific (APAC) is set to grow at 4.5% CAGR between 2021 and 2031.
• North America is poised to exhibit strong growth on the back of increasing adoption of energy efficient equipment and implementation of stringent government regulations for controlling gaseous emission.
• Demand for portable air compressors is anticipated to rise exponentially across the U.K. and Germany during the forecast period.
• In terms of driver type, portable electric air compressor is projected to emerge as the most preferred product type.

Key Drivers

• Ongoing technological advancements in portable air compressors is anticipated to expand the market during the forecast period.
• Growing consumer preference for ecofriendly and energy efficient products coupled with implementation of stringent emission regulations will boost the sales of electric portable air compressors.

Key Restraints

• Engine failure issues of portable air compressors is hampering the growth in the market.

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Competitive Landscape

Leading players operating in the portable air compressor market are leveraging various growth strategies such as product innovation, mergers, acquisitions, collaborations and new facility establishments to gain competitive edge and expand their global footprint.

• In January 2021, Atlas Copco launched new versions of its XAVS 238 and XATS 288 portable compressors that are 27% smaller and 10% more energy efficient. With this launch, Atlas has expanded its portable air compressor portfolio.
• In March 2020, Sullair, an industry leader in innovative compressed air solutions since 1965, introduced its next generation 1600H Tier 4 final portable air compressor at CONEXPO/CON-AGG 2020. The new product is built with reliability, durability and performance in mind.
• In December 2019 ElGi Equipments, one of the world's leading air-compressor manufacturers, launched its future ready, energy-efficient range of electric and diesel portable air compressors at EXCON 2019.
• In 2019, Doosan launched its new portable air compressor model "SHP500". The new Portable Power Compressor model is compactly designed, reliable and rugged for demanding applications like mechanized quarrying with pneumatic drills, LD4 in granite mining, abrasive blasting and rock anchoring. It is powered by Ashok Leyland H6DTi 188 HP reliable engine & is designed for operating between 5⁰ and 52⁰ C ambient with the cool box design

Some of the prominent players operating in the portable air compressor market profiled by Fact.MR are:

• Atlas Copco AB
• Ingersoll-Rand PLC
• ELGI's
• Gardner Denver (CompAir)
• Hitachi limited
• Rolair Systems
• TEWATT
• Sumake Industrial Co., Ltd.
• REMEZA
• Zycon
• BOGE Compressors
• Others

More Insights on the Global Portable Air Compressor Sales Outlook

Fact.MR provides an unbiased analysis of portable air compressor market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for portable air compressor with a detailed segmentation on the basis of:

Design

• Rotary Screw Type
• Rotary Centrifugal
• Reciprocating Type

Lubrication

• Oiled
• Oil-Free

Driver type

• Electric
• Conventional

Application

• Automotive
• Aerospace
• Oil & Gas
• Building & Construction
• Mining
• Power Generation
• Others

Region

• North America
• Latin America
• Europe
• APAC
• MEA

Key Questions Covered in the Portable Air Compressor Market Outlook Report

• The report offers insight into portable air compressor demand outlook for 2021-2031
• The market study also highlights projected sales growth for portable air compressor market between 2021 and 2031
• Portable air compressor market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Portable air compressor market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Explore Fact.MR's Coverage on the Industrial Goods Domain –

Compressor Controllers Market Forecast - The continued expansion of a variety of industries, such as petrochemicals, chemicals and fertilizers, and others, as well as significant investments in the power and water sectors, has influenced large-scale compressor installation, ultimately stimulating demand for compressor controllers to provide better operation. The enormous expansion in oil and gas production, transmission, and storage operations will continue to boost the demand for compressor controllers.

Oil Free Air Compressor Market Scope - Oil-free air compressors do not use oil to lubricate the cylinder walls, preventing air manipulation and maintaining its purity. The oil-free air compressor market is expected to grow steadily due to rising demand in end-use industries such as electronics, manufacturing, food & beverages, oil & gas, and others that require pure and high-quality air, as oil contamination can cause product spoilage and even damage production equipment. To safeguard the safety of both manufacturing processes and end customers, various sectors have adopted demanding quality standards such as ISO 8573-1 Class Zero. As a result, demand for oil-free air compressors has increased.

Portable Compressor Market Insights - Increased use in road building sites, construction sites, and packing equipment across a wide range of industries has resulted in the growth of Portable Compressor market over the last 4-5 years. As a result of technological improvements in air compression techniques having a substantial impact on the equipment's compression capacities, the demand for portable compressors is expected to increase throughout the forecast period. Furthermore, an increase in the use of robust and energy efficient equipment is expected to drive demand for air compressors in the industry.

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